When we searched for the GSA’s most expensive office lease (measured in rent per square foot) we expected to find it in New York, or Boston, or maybe San Francisco or L.A., but we never expected…
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House Committee Votes to Cut GSA Funding
The House Appropriations Committee voted last Wednesday (June 20, 2012) to cut about $100 million from the scandal-plagued GSA’s budget for next year. The legislation—as well as an amendment that denies bonuses to GSA officials under…
A Sneak Peek at the Next Round of Prospectus Resolutions
Earlier this month we reported that a dozen prospectus resolutions had been added to the House Transportation and Infrastructure Committee mark-up agenda – and then removed the day before the meeting. Their appearance tantalized us with…
Spotlight: Bureau of Land Management
Which agency administers more public land than any other federal agency? Located within the U.S. Department of the Interior, the Bureau of Land Management (BLM) administers more than 245 million surface acres (approximately one eighth of…
GSA’s Inventory of Large Leases
This graphic is interactive, click here. (for Internet Explorer users, version 9 or above is required) Investors often ask us a variety of common questions about the market for GSA leases. They ask: “How many…
Coming Soon: Georgetown West Heating Plant for Sale
House Republicans once again have gone “on location” to highlight another underutilized/vacant/surplus federal property in an attempt to convince GSA to dispose of it. In yet another “Sitting on Our Assets” hearing, the House Committee on…
GSA Expands the CEA (but not far enough)
In response to an official request by Mayor Gray and effective May 23, 2012, GSA has expanded the District of Columbia’s Central Employment Area (CEA) to include the St. Elizabeths East Campus and the Capitol Riverfront…
Making Sense of the USPS’ Plan for Facility Closures
The fiscal woes of the U.S. Postal Service (USPS) have been widely documented, discussed and dissected in recent years. The most recent 10-K posted by the USPS notes that it has accumulated a net deficiency of…
New North America Industrial Report
Colliers today released its Q1 report profiling the North America industrial market. It demonstrates that the overall outlook is bullish for manufacturing, intermodal transportation, port activity, and thus for industrial real estate. The increase in specialized manufacturing…
GSA Reports That FTC Should Not Vacate HQ
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…