I prefer clarity over being right. Here is the deal. This statement is not entirely accurate. The real etate company is CB Richard Ellis (CBRE) and is a publicly traded company. It is one of the largest comercial real estate companies in the country. Blum is the Chairman of the Board and not the owner. So the company makes the money, not Blum personally, although Blum is a large shareholder in CBRE. As far as selling the properties, Congress told he USPS to sell them to reduce its deficit. Most of the buildings are empty, unused, quite old, and need continued matenence. So it is to taxpayer benefit to get them off the books.
Posted on: Sat, 08 Nov 2014 15:18:16 +0000
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