Wednesday, June 12, 2013

Firm tied to Feinstein's husband cashes in on new crisis, selling post offices

Firm tied to Feinstein's husband cashes in on new crisis, selling post offices

The real estate giant chaired by Richard Blum, the husband of California Sen. Dianne Feinstein, is cashing in on a new federal crisis. Just a few years after the firm now known as CBRE Group collected more than $108 million from a contract to help the FDIC sell foreclosed properties, the company owned in part by Blum is selling off old post offices under an exclusive contract with the financially struggling U.S. Postal Service, records show.

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