Feds Plan To Sell Billions of Dollars of Properties
Plans to sell billions of dollars of federal real estate via an independent Civilian Property Realignment Commission moved forward on the Hill last week. The Transportation and Infrastructure Committee approved a bill last week, the “Civilian Property Realignment Act,” by a vote of 30 to 22. The bill establishes an independent civilian commission, similar to the Base Closure and Realignment Commission that will make property recommendations to Congress--recommendations that can only be disapproved en bloc by the President and Congress. It also sets aside $65 million in initial seed funding. After that, the process is expected to be self-funded by sales proceeds.
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The Law Office of Christopher D. Hopkins, LLC is a boutique law firm located in Scotch Plains, New Jersey committed to providing the highest quality of legal services in the select areas of real estate, land use and environmental law. The firm is committed to working collaboratively with clients to achieve practical, cost effective results- whether it be in complex litigation, transactions, cleanups and/or development projects. The firm provides transactional and litigation counsel to a broad spectrum of clients including private and public corporations, trade associations, nonprofit institutions, banks, real estate investment trusts and individuals in New Jersey, New York and Pennsylvania.
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