Over the years, we’ve observed that government-leased build-to-suit (or, in GSA parlance, “lease-construct”) projects often seem to price at or near the prospectus-approved rent cap. We decided to take a look at the trend using the FBI’s field office construction program as our test bed. We did this largely because the FBI field office Program of Requirements […]
Because of the high number of leases in the National Capital Region, the GSA developed a system known as the Advanced Acquisition Program (AAP) back in the early or mid-1990’s. Once per year, the GSA would issue a generic Solicitation for Offer (SFO) requesting proposals from area landlords for office or warehouse space ranging from 2,000 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 financial crises have unique causes and characteristics, and this current one certainly does too. Warsh noted that simply cutting […]
Last week the Society of Industrial and Office Realtors (SIOR) held its Spring World Conference in Washington, DC. I was fortunate to be asked to participate in a panel discussion entitled “Federal Real Estate Opportunities” alongside, Allison Azevedo, GSA’s Assistant Commissioner for Leasing, and Ron Kendall, Executive Vice President of Government Relations at Easterly Government […]
The American Recovery and Reinvestment Act (ARRA), signed by President Obama on February 13, 2009, called for major new construction and the energy-efficient modernization of federal office buildings, courthouses and land ports across the country. This article—which…
Colliers recently released its U.S. 2021 Investor Sentiment Survey Results, an annual look at the mood of the investor community at the start of the New Year. Not surprisingly, more than half of all investors surveyed…
“Before” and “After” Photos of the Edith Green-Wendell Wyatt Building Renovation. On May 30, Portland, Oregon, celebrated the completion of a $139 million renovation of the 18-story Edith Green-Wendell Wyatt Federal Building (EGWW). First opened in 1975, the boxy, concrete-and-steel high rise, aging home to the IRS, FBI, BLM, and other agencies, was transformed over […]
The U.S. General Services Administration (GSA) is the federal government’s “workplace solutions provider.” It aims to leverage its enormous buying power to reduce costs, increase efficiencies and enhance flexibility and convenience for both federal agencies and their customers. Through its two largest offices—the Federal Acquisition Service and the Public Buildings Service (PBS)—GSA facilitates the purchase […]
August is Tree Check Month, thanks to the Animal and Plant Health Inspection Service (APHIS), which urges each of us to examine tree bark for signs of Asian Longhorned Beetle damage. Protecting the nation’s forests from…
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” policy pursued by the current and previous administrations. SSA reduced its total square footage by about 5% between 2012 […]
The following is a guest post written by Mark Miller, the head of Colliers’ national Energy & Sustainability team. To learn more about Colliers’ Energy and Sustainability services, click here. The Federal Government is taking aggressive steps to…
The following is a guest post written by Mark Miller, the head of Colliers’ national Energy & Sustainability team. To learn more about Colliers’ Energy and Sustainability services, click here. The Federal Government is taking aggressive steps to reduce greenhouse gas emissions and drive sustainability in its owned and leased real estate portfolio. Two new initiatives taken in the […]
Workplace injuries resulted in 4,383 worker deaths in 2012, the second lowest total since the census began in 1992. The leading causes, known as the “fatal four,” were falling, being struck by an object, electrocution, and…
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 […]
