Fannie Mae to bulldoze the Washington Post

Fannie Mae, who along with Freddie Mac became infamous in conjunction with the subprime mortgage crisis in 2008, is seeking out a new home.  And what better place, the government-animated mortgage giant figures, than the headquarters of the Washington Post?

And so, via the Washington Business Journal, bring on the bulldozers:

Fannie Mae has signed a lease for about 700,000 square feet with Carr Properties at 1150 15th St. NW. The move will enable it to consolidate its current headquarters, a mix of about 1 million square feet of owned and leased space.

...

The Carr is planning to demolish the Post's current headquarters to make way for the new development. The Post has signed on for space at 1301 K St. NW and plans to make tis [sic] move in 2016.

One probably won't see any Post staff chaining themselves to the building.  After enduring "the worst performance of any of the public newspaper companies" recently, and the ensuing sale to Amazon's Jeff Bezos, Post staffers are doubtless used to shake-ups.

But when it's the market causing the disruption, it simply makes sense; when it's the Fed, it's a little funny.  After all, there is something ironic about Uncle Sam swooping in to raze the headquarters of one of his most ardent media supporters in D.C.  And while having another gigantic federal complex is not exactly inspiring for small-government conservatives looking to rein in Washington, 1150 15th Street NW is practically a government building already.

Fannie Mae, who along with Freddie Mac became infamous in conjunction with the subprime mortgage crisis in 2008, is seeking out a new home.  And what better place, the government-animated mortgage giant figures, than the headquarters of the Washington Post?

And so, via the Washington Business Journal, bring on the bulldozers:

Fannie Mae has signed a lease for about 700,000 square feet with Carr Properties at 1150 15th St. NW. The move will enable it to consolidate its current headquarters, a mix of about 1 million square feet of owned and leased space.

...

The Carr is planning to demolish the Post's current headquarters to make way for the new development. The Post has signed on for space at 1301 K St. NW and plans to make tis [sic] move in 2016.

One probably won't see any Post staff chaining themselves to the building.  After enduring "the worst performance of any of the public newspaper companies" recently, and the ensuing sale to Amazon's Jeff Bezos, Post staffers are doubtless used to shake-ups.

But when it's the market causing the disruption, it simply makes sense; when it's the Fed, it's a little funny.  After all, there is something ironic about Uncle Sam swooping in to raze the headquarters of one of his most ardent media supporters in D.C.  And while having another gigantic federal complex is not exactly inspiring for small-government conservatives looking to rein in Washington, 1150 15th Street NW is practically a government building already.