With the recent surge in congressional activity towards infrastructure spending it is worth noting a Congressional Budget Office (CBO) report released in June entitled Federal Investment, 1962 to 2018. That report provides a great overview of…
Dear Lessor/prop. mgr. company/payee: This is in response to questions received from from GSA’s Lessor community regarding the effect of the current lapse in Federal appropriations on GSA leases. It is GSA’s expectation that landlords will continue to provide space and services to the Government in accordance with the specific terms and conditions of their […]
The U.S. Green Building Council (USGBC) is updating its LEED (Leadership in Energy and Environmental Design) program in response to concerns that the existing program rewards individual green features without ensuring that a building as a whole is environmentally sustainable, and that it considers initial construction at the expense of long-term performance. This third draft […]
“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…
The GSA reinforced its role as a key partner in achieving President Obama’s greenhouse gas and energy efficiency goals in an announcement on June 11 in Lanham, Maryland. Agency Administrator Dan Tangherlini revealed a major Energy…
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…
As of December 31, 2014, U.S. insurance companies will no long provide coverage against acts of terrorism, and neither will the U.S. government back them in doing so. Those are the likely immediate effects of Congress’s failure to extend the Terrorism Risk Insurance Act (TRIA), blocked on December 16 in the Senate after outgoing Senator […]
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”…
Protestors gathered on May 15 in front of the Federal Communications Commission’s (FCC) D.C. headquarters, hoisting banners demanding the commissioners “Save the Internet.” But the vote that day advanced a proposal fiercely opposed by many consumers and Silicon Valley companies as a threat to net neutrality. The FCC finds itself at the center of the […]
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…
There are more than 5,000 distinct owners of GSA-leased properties in the United States but the ten listed above stand apart because, together, their properties house 15% of the entire GSA lease inventory. (GSA, take note:…
Recently, pre-solicitation notices posted to the Federal Business Opportunities website (FBO) have been indicating GSA’s desire to enter into longer lease contracts. FBO notices advertise GSA’s requirements for upcoming procurements, including the length of lease term…
The U.S. General Services Administration (GSA) leases 194 million square feet of office, industrial and special purpose space on behalf of its tenant agencies. This space is distributed among 8,800 leases throughout the United States and its territories. Though government facilities may be found everywhere, it’s clear that the District of Columbia and a handful […]
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 […]
