The House Committee on Transportation and Infrastructure held yet another GSA oversight hearing yesterday (Wednesday, August 1), titled “GSA: A Review of Agency Mismanagement and Wasteful Spending—Part 2.” Following on the tails of the April House…
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So, You Want to Invest in GSA-Leased Properties?
We are often asked to talk about the GSA-leased inventory and we enjoy doing it. In particular, investors and lenders challenge us to help them understand the true breadth of the GSA-leased property portfolio. How big…
Looking Back on BRAC: Aberdeen Proving Ground
View Larger Map As we’ve reported in numerous postings throughout the past year (click on “BRAC” in the “Categories” to the right), the Base Closure and Realignment (BRAC) process has led to the closure of more…
Spotlight: VBA
The Veterans Benefits Administration (VBA) is one of three organizational elements within the U.S. Department of Veterans Affairs (VA). (The other two are the Veterans Health Administration and the National Cemetery Administration.) VBA is responsible for…
July Heat in Washington
This July is on pace to be not only the hottest month in U.S. history but also the hottest month in the ever-simmering feud between GSA and the House committee that oversees that agency. Perhaps it…
Highwoods Pares Its Government Leased Property Portfolio
Highwoods Properties, Inc. (NYSE: HIW) has announced that it has sold three government leased properties encompassing 553,000 square feet for $86.5 million or $156.42 PRSF. While the pricing may appear somewhat low on a PRSF basis,…
Spotlight: USCIS
Which federal agency has been part of five different departments? The U.S. Citizenship and Immigration Services (USCIS) began in 1891 as the Office of Superintendent of Immigration in the Treasury Department. In 1903, the by-then renamed…
GSA Regional Energy Monitoring System Nears Completion
GSA is on track to complete a two-year, $39 million project to link the building systems at 39 of its high-energy-use buildings in Arkansas, Louisiana, New Mexico and Texas on schedule in October, Federal Times reported…
Your Stimulus Dollars at Work: Bishop Henry Whipple Federal Building
The Bishop Henry Whipple Federal Building is a seven-story, 617,600-square-foot structure in Fort Snelling, Minnesota, near the Minneapolis–St. Paul International Airport. Designed by Cerny Associates in the austere modernist style popular in the 1960s and completed…
Will Sequestration = 2.14 Million Lost Jobs?
As the threat of sequestration looms ever larger, the results of a new study released this week (on Tuesday, July 17) by the Aerospace Industries Association (AIA) indicate that more than 2.14 million U.S. jobs—including about…