6505 Belcrest Road, a short walk from the Prince George’s Plaza Metro Station. Prince George’s County leaders and their Congressional representatives have long complained that they have been spurned by the GSA. As evidence, they point to a 2007 University of Maryland report, which determined that the County is home to only 3.9% of the […]
Sen. Barbara Boxer (D-Ca.) Last week, (Monday, January 21) in his second inaugural address, President Obama highlighted the need to mitigate the growing impacts of climate change, saying “We will respond to the threat of climate change, knowing the failure to do so would betray our children and future generations.” The next day—the first of […]
In January 2018, then–Secretary of the Interior Ryan Zinke announced a sweeping program to reorganize the department, the largest such reorganization since its founding in 1849. Zinke’s plan involved dividing the United States into thirteen regions,…
Looming large in the federal lease portfolio and in the minds of federal property investors is the “prospectus lease.” Numbering just over 200 nationwide, these are the GSA leases that exceed $3.095 million in annual levelized…
The title of a new report by the US General Services Administration (GSA), issued on January 30, 2020, speaks volumes: “Child Care Centers in GSA-Controlled Buildings Have Significant Security Vulnerabilities.” The 30-page report that follows, drawing…
On January 8th, as anticipated at the close of the 113th Congress, the House of Representatives and Senate voted overwhelmingly to reauthorize the Terrorism Risk Insurance Act (TRIA). In one of the first pieces of legislative business to be conducted since the convocation of the 114th Congress, the House voted 416–5 on January 7 to […]
Looming large in the federal lease portfolio and in the minds of federal property investors is the “prospectus lease.” Numbering just over 200 nationwide, these are the GSA leases that exceed $3.095 million in annual levelized…
We originally discussed the history and implementation of the Automated Advanced Acquisition Program (AAAP) last year here on this blog. Originally created for the purpose of consolidating and streamlining the leasing process for a large volume of small leases, AAAP has evolved into a platform for awarding general office space requirements ranging from 5,000 SF […]
Kevin Warsh, a Federal Reserve governor during the Great Recession, noted in a Wall Street Journal op-ed earlier this year, “If you’ve seen one financial crisis, you’ve seen one financial crisis.” That is to say, all…
Which little-known federal agency has been home to four researchers who have won Nobel Prizes in physics (and one who received the Nobel Prize in chemistry)? The National Institute of Standards and Technology (NIST) made the news again this month (October 9), when Boulder, Colo.–based NIST physicist David Wineland (with French colleague Serge Haroche) became […]
# of Locations Total GSA Lease RSF Capitalized Value 0% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 50% 4% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 14% % Government Leased Government Leased RSF Remaining Total Term (Yrs) Remaining Firm Term (Yrs)
Several times on this blog I’ve observed that GSA has been engaged in a spirited game of can-kicking when it comes to leasing. Much of this has been due to intense budget distress from record deficits, rising…
Colliers recently issued a profile of the Top 25 U.S. office markets, which observed that net absorption fell into negative territory for the first time in a decade and vacancy rates posted their sharpest increase over…
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”…
