The Federal Real Property Profile (FRPP) is a comprehensive and descriptive database of “all real property under the custody and control of all executive branch agencies, except when otherwise required for reasons of national security, in…
Author: Kurt Stout
GovSpeak: “FRPC”
The interagency Federal Real Property Council (FRPC) was created by provisions in Executive Order 13327, “Federal Real Property Asset Management,” which President George W. Bush signed on February 4, 2004. Executive Order 13327 states: “The policy…
Senate Committee Set to Approve Federal Property Disposition Bill
UPDATE: The Homeland Security and Governmental Affairs Committee approved this legislation on June 29th. The Senate Homeland Security and Government Affairs Committee is set to approve S. 2178, the Federal Real Property Asset Management Reform Act,…
Better Data, National Strategy Needed to Manage Excess and Underused Federal Property
A report released last Wednesday (June 20, 2012) by the U.S. Government Accountability Office (GAO) determined that the federal government lacks reliable data about some of its real estate assets, including information about the conditions of…
Extreme Leasing: The Nation’s Most Expensive Office Lease
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…
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…
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…
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…