Trump administration lists eight federal properties for sale

The Trump administration has begun listing eight federal properties for sale. This marks a cautious return to the real estate market after a previous plan to sell a larger number of buildings was canceled earlier this month. The General Services Administration (GSA), which manages federal properties, is handling the sale. Acting administrator Stephen Ehikian stated that this effort will help reduce costs for taxpayers and better serve federal agencies. The listed properties include a Social Security Trust Fund building in New Jersey and a federal building in Maryland. Earlier this month, the GSA had aimed to sell 443 properties but quickly reduced that number to 320. Ultimately, the remaining buildings were taken off the market entirely. This back-and-forth has caused concern among lawmakers who represent areas with federal buildings, as a large sale might affect the commercial real estate market. This incident is part of the broader efforts under President Trump's administration to streamline government operations, often influenced by billionaire adviser Elon Musk's approach to rapid changes.