“BRAC” is the abbreviation for Base Realignment and Closure. Though, to be technically correct, it is formally used by DoD as the acronym for Base Closure and Realignment. Either way, BRAC is the process by which the military closes bases and realigns its forces around the globe. Up until the 1970s, the decision to close […]
“With COVID–19, basically, each home has become an enterprise.” So says Mark Pringle, senior vice president in charge of corporate real estate and global facilities at Dell Technologies and one of three outside authorities called on to speak to members of the US Senate Committee on Environment and Public Works on July 29, 2020. The […]
We’ve often said on this blog that you need only look at GSA’s budget as the bellwether for leasing demand. In recent years we’ve noted that budget reductions imposed by Congress have put GSA in a position where its owned inventory suffered and demand for leased space was buttressed. Despite the agency’s stated goal of […]
Thanks to extensive media coverage, both positive and negative, and to countless spy novels and movies, the Central Intelligence Agency (CIA) is the best-known intelligence unit within the U.S. government, virtually synonymous with intelligence generally. In…
Last week, the U.S. Office of Personnel Management (OPM) released the first comprehensive overview of telework practices throughout the federal government since the enactment of the Telework Enhancement Act of 2010. Titled “2012 Status of Telework in the Federal Government: Report to the Congress,” the July 6 document provides a baseline for evaluating federal telework programs. […]
Rep. John Mica wants to move the FTC into available office space at Constitution Center (pictured above) House Transportation and Infrastructure Committee Chairman John Mica’s (R-Fla.) plan to transfer the Federal Trade Commission (FTC) headquarters building to the National Gallery of Art (NGA) suffered a blow this week, when GSA Acting Administrator Dan Tangherlini sent […]
With over 1,000 leased facilities, often in single-tenant buildings, the Social Security Administration (SSA) is a staple of many federal investor portfolios. Like other federal agencies, however, SSA has been dutifully implementing the “Reduce the Footprint”…
In mid-June of this year, the US Supreme Court issued a rare unanimous decision directed at the Department of Veterans Affairs—but that may affect all federal agencies in time as they engage with private contractors for goods and services. In the case of Kingdomware Technologies, Inc., v. United States, a Maryland supplier sued in the […]
In a recent blog article on Colliers’ Knowledge Leader site, National Director of Office Research Stephen Newbold reveals the scale of COVID-19 pandemic-driven occupancy decline in 2020. Newbold notes that the negative net absorption that has…
Both the House and Senate have been working on their respective versions of legislation designed to improve the process by which the federal government can dispose of unneeded and underutilized properties. This legislation has bi-partisan support and it is likely that a bill will eventually be passed. Improving asset management, disposing of unneeded assets, reducing […]
In 2010, the Office of Management and Budget (OMB), the fiscal watchdog within the federal government, issued an order requiring that federal agencies consolidate data centers in order to save money and reduce redundancies. Twenty-four agencies,…
The predominant federal leasing trend since the Great Recession is that the GSA-leased space inventory is shrinking. Though this overall inventory reduction has been occurring at a relatively moderate pace, the number of long-term leased properties has fallen much more rapidly, as we’ve reported previously. The decline is because GSA is still entering into many […]
The SBA recently (September 25, 2012) issued three final rules in the Federal Register, effective October 24, that increase the size standards for some types of firms in three North American Industry Classification System (NAICS) sectors, including…
The mission of the U.S. Securities and Exchange Commission (SEC) is to “protect investors, maintain fair, orderly and efficient markets and facilitate capital formation.” It was created by the Securities Exchange Act of 1934 to restore investor confidence in U.S. capital markets during the Great Depression by “providing investors and the markets with more reliable […]
