The General Services Administration (GSA) announced on Wednesday (Feb. 15) that it will relocate about 1,000 employees from its Heartland Region headquarters at the Bannister Federal Complex—a 5.1 million-square-foot former defense plant in south Kansas City—to leased space in downtown Kansas City, Missouri (GSA’s Region 6 office manages more than 400 federally owned and leased […]
Recently, Ross Litkenhous of Altus Group invited me to participate as a guest on his CRE Insider podcast series. We covered a variety of subjects including the SWAMP Act, downsizing, GSA lease terminations and more. The conversation was fun for me and (hopefully) informative for you. You can listen to the episode here.
This week the House of Representatives passed H.R. 1734, known as the Civilian Property Realignment Act (CPRA), with voting carried by the Republican-led House, largely along party lines. The legislation describes its purpose as “To decrease the…
Since the end of 2012, GSA has been actively working to reduce the size of its leased footprint. Progress has been modest but consistent. At its December 2012 zenith, GSA leased 198.6 million square feet of space (MSF) across the United States. Since then the agency has shed almost 10.9 MSF, yielding an overall reduction of […]
“Extreme Leasing” is a periodic feature profiling the biggest, smallest, highest, oldest, newest and other extremes in the government lease inventory. The largest GSA lease in the United States can be found in Alexandria, VA. It…
The General Services Administration (GSA) is typically referred to as the landlord for the federal government. On behalf of federal agencies it leases 191 million square feet in roughly 8,700 office, storage, lab and other types of leased locations across the United States and its territories. The map below highlights those space concentrations. It’s no […]
The House of Representatives passed a bill yesterday designed to speed up the sale of large amounts of excess federal properties. The Civilian Property Alignment Act (H.R. 1734), commonly referred to as the “Civilian BRAC” bill),…
Marilyn Tavenner, administrator of the Centers for Medicare and Medicaid Services (CMS), has been on the hot seat lately, in congressional hearings over the troubled Healthcare.gov website. But overseeing much of the Affordable Care Act implementation is only one responsibility of the sprawling CMS, a branch of the Department of Health and Human Services (HHS). Other […]
Since its heyday in the Kennedy Administration more than half a century ago, nonmilitary foreign aid has had detractors and defenders in roughly equal measure. On the con side, critics urge that money spent building power plants in some tropical nation across the ocean would be better spent mending broken infrastructure here at home. On […]
The U.S. General Services Administration (GSA) leases private property at a cost of billions of dollars—$5.7 billion annually, to be precise, spread out over more than 8,000 leases. Every year, the agency claims, it saves taxpayers…
GSA’s effort toward execution of long-term leases has been a popular topic among investors. Going back to the earliest days of this blog, we observed that the remaining term of GSA leases was dwindling. When GSA began to embrace long-term leases as a means to achieve better rents, we chronicled the agency’s efforts to execute […]
The National Nuclear Security Administration (NNSA)—a semi-autonomous agency within the U. S. Department of Energy (DoE)—is responsible for the management and security of the nation’s nuclear weapons, nuclear nonproliferation and naval reactor programs—serious work, indeed. Its mission is to: Manage the U.S. nuclear weapons stockpile; Reduce the global danger from weapons of mass destruction and […]
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 fact, CIA (it’s “the Agency,” or “Central Intelligence,” or “the Central Intelligence Agency,” but never “the CIA”) is only […]
A century and a half ago, after the Civil War had ended, the federal government began an ambitious program of building national hospitals for wounded veterans—a few at first, and then, as those veterans became elderly,…
