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March 2012 Archives – 2/2 – Capitol Markets

The table above lists the long term savings submitted by the House Committee on Transportation and Infrastructure on 3/8/12. Savings are calculated as the difference between the maximum rent originally requested by GSA and the maximum rent ultimately approved by the House.  However, the savings represented for the Office of the Director of National Intelligence are […]

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September 2012 Archives – 2/2 – Capitol Markets

200 Third Street, one of several buildings the Bureau of Public Debt occupies in Parkersburg, WV As we reported in two recent Spotlight pieces, President Obama’s FY 2013 budget proposes consolidating two U.S. Department of the Treasury bureaus—the Bureau of the Public Debt (BPD) and the Financial Management Service (FMS)—into a single organization with a budget […]

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Three Misleading Stats | Capitol Markets

It’s that time of year. Market reports are published, conferences held and presentations delivered. We are all talking about the market: “What happened last year?” and “What can we forecast for this next year and beyond?” Unfortunately, some of the answers can be misleading. Here are three stats that are often cited in fundamentally incorrect ways: […]

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May 2012 Archives – 2/3 – Capitol Markets

View Larger Map Barrow, Alaska proudly names itself “The Farthest North American City” so it’s no surprise that it would also be home to the northernmost federal lease.  If you’ve ever visited Alaska you know that it’s lifeblood is a series of airports that connect cities throughout the state.  Where there are commercial airports there […]

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January 2012 Archives – 2/2 – Capitol Markets

Hensel Phelps was recently awarded the $192 million contract to build a new data center for the U.S. Social Security Administration (SSA)  in Urbana, Maryland. The data center will be constructed on a 65 acre site SSA purchased last Fall.   The 400,000 square foot National Service Center will perform the primary data operations of […]

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October 2012 Archives – 2/2 – Capitol Markets

The heart of the SAMMC complex including the 760,000 Consolidated Tower project funded through the 2005 BRAC. Located in the heart of San Antonio, Fort Sam Houston is one of the nation’s oldest Army bases. It was established in 1845—in rented buildings and a quartermaster supply depot in the Alamo—as the Post at San Antonio, […]

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February 2012 Archives – 2/3 – Capitol Markets

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 […]

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February 2013 Archives – 2/2 – Capitol Markets

Sen. John Cornyn (R-Tex.) Sen. John Cornyn (R-Texas) introduced a bill last week (Thursday, January 30) that would empower U.S. Customs and Border Protection (CBP) to enter into agreements with local governments or private entities to fund improvements at land ports of entry. The Cross-Border Trade Enhancement Act of 2013 (S. 178, a reintroduction of S. […]

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April 2012 Archives – 2/2 – Capitol Markets

“CEA” is the abbreviation for “Central Employment Area”.  The term has significance in federal leasing dating back to August 16, 1978, when President Jimmy Carter signed Executive Order 12072.  The Executive Order included a key provision that has greatly impacted the location of federal offices ever since: Except where such selection is otherwise prohibited, the […]

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Will Moody’s Downgrade U.S. Credit Rating? | Capitol Markets

According to Moody’s Investors Service, last week’s election has not changed the “highly polarized and unpredictable” political landscape that still threatens the nation’s credit rating. In an analysis released today and outlined in a set of research notes yesterday, the ratings agency described how the presidential election and the prospect of a continuing standoff on […]

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USPS Speeds Up Plant Closings | Capitol Markets

Photo: Press TV (www.presstv.ir) The U.S. Postal Service (USPS) is accelerating its plans to consolidate mail processing plants, adding dozens of those originally scheduled to be closed in 2014 to the list of facilities already set to be shuttered this year.  It made the announcement in a letter it sent last Thursday (March 28) to […]

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Energy Savings Performance Contracts Leverage Scarce Federal Dollars | Capitol Markets

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 Savings Performance Contract (ESPC) to install energy-saving retrofits and renewable energy sources at the IRS New Carrollton Financial Service […]

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GSA Reports That FTC Should Not Vacate HQ | Capitol Markets

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 […]

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The Background on Mica vs FTC | Capitol Markets

The historic Apex Building is the object of the power struggle between Rep. Mica and the FTC Since 2005, House Transportation and Infrastructure Committee Chairman John Mica (R-Fla.) has been attempting to transfer the historic Apex Building from the FTC—which has been headquartered  there since the building opened in 1938 —to the National Gallery of Art […]

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