Thread regarding Fannie Mae layoffs

@q2 Now that Texas is a blue state, it’s probably on the chopping block.

@z1 They signed a 15 year lease in 2015 per google.

@q2 No, they signed like a 30 year lease back then. Commercial leases are usually very long so they aren't going anywhere.

What about the Plano office? Doesn’t the lease expire soon? Any news on the future of Plano?

@g0 hope you are right but won't believe it until a few weeks pass after next week.

MTC is not shutting down, notice has not been given to the landlord, and everyone is not moving to RTC. Take this as a fact. I know. And it makes sense to consolidate the holiday party to one location in the DMV. And it’s being held at the largest location where most people are located. Can you imagine the nightmare of everyone in the DMV trying to go to MTC for the party… traffic, parking, space? No thank you. RTC makes sense for so many reasons. MTC will continue to be Fannie Mae HQ even if you see some minor shifts.

@a3 I've always been under the impression that Fannie is mandated to have an HQ presence downtown. No (rules) Games!

I have also heard this from a reputable source. Notice has been given to MTC landlord. In lieu of competency around the role FM serves in the market and the people that drive it, the nepo-triumvirate has been hyperfocused on doing a big real estate deal despite the analysis in previous years of the reason why it made good fiscal sense to no longer own the now-wegman's property.

I heard something about plan to reduce MTC footprints further

@bv they did, but this Pulte won't care about burning our money to fund his political win points with TACO.

Name source

Didn’t they extend the lease until like 2041 like 2 years ago?

There is no holiday party in MTC this year, our actual HQ.

Waning bells should be going off.

@OP what is the target date?

There are other lower cost sites outside of the Beltway being considered per my understanding.

Yes