NEW: Trump To Sell Federal Buildings Named After Dick Cheney, Nancy Pelosi

The Trump administration is reportedly moving forward with plans to sell off 443 federal buildings, including properties named after former Vice President Dick Cheney and former House Speaker Nancy Pelosi.

According to documents from the General Services Administration (GSA), the federal government is seeking to offload nearly 80 million square feet of so-called “non-core” assets across 47 states, Washington, D.C., and Puerto Rico. This includes major government headquarters in the nation’s capital, such as the Department of Justice, the Department of Energy, and the Federal Bureau of Investigation.

The Dick Cheney Federal Building in Wyoming and the Nancy Pelosi Federal Building in San Francisco are among the properties identified for potential sale, according to Bloomberg.

The push to sell these buildings aligns with Trump’s mission to shrink the federal government and cut wasteful spending. The GSA estimates that unloading these properties could save taxpayers over $430 million annually in maintenance and operational costs.

The move contrasts with former President Joe Biden’s approach, which included expanded federal agencies and government operations. Trump, who has long campaigned on reducing bureaucratic bloat, is taking steps to downsize the government’s real estate footprint.

Among the properties up for sale:

• FBI Headquarters (Washington, D.C.)
• Department of Justice Headquarters
• Department of Energy Headquarters
• FAA Headquarters
• Speaker Nancy Pelosi Federal Building (San Francisco, CA)
• Dick Cheney Federal Building (Casper, WY)

Some of these buildings remain underutilized or outdated, while others are seen as excess to the government’s needs. Trump has never shied away from shaking up the old GOP establishment, making it clear that no property is off the table.

APRIL 22, 2012. CASPER, WY. CIRCA: Dick Cheney Federal Building in Casper, Wy. Vice President Cheney birthplace.

The Dick Cheney Federal Building, located in Casper, Wyoming, serves as a hub for various federal agencies and includes a U.S. Post Office. Originally constructed between 1968 and 1970 as the Post Office and Federal Office Building, it was renamed in 1998 to honor Cheney, a Casper native and former Vice President of the United States. The building features a one-story east wing for postal services and a four-story west wing that houses federal offices.

While the Biden administration focused on expanding the federal footprint, Trump is moving to shrink it—one building at a time. The administration has indicated plans to potentially offload government-owned properties by publishing a list, although this doesn’t guarantee any sales.

“Just because something is on the non-core list doesn’t mean it’s for sale by any means,” Michael Peters, a former investment banker and the Trump-appointed head of the Public Buildings Service, told Bloomberg. “But if someone put an offer on the table, we would evaluate it.”

Estimating the value of these government buildings is complex due to unique factors affecting each property and the broader market. The commercial real estate sector continues to struggle under the pressures of increased interest rates and the impacts of the COVID-19 pandemic, with office prices having plummeted by 36% from their 2022 high as of January, according to Green Street, a real estate analytics firm.

Moreover, the shift toward remote work has decreased the demand for office spaces, leading to higher vacancy rates in major cities. Additionally, the high costs associated with construction and financing make the conversion of commercial spaces to residential uses challenging.