The Office of Management and Budget (OMB) announced today that the Obama administration is on track to meet or exceed two major real estate–related goals. In June 2010, President Obama directed agencies to eliminate billions of…
Author: Kurt Stout
GovSpeak: “Davis-Bacon”
In the course of executing large construction transactions we often refer to “Davis-Bacon”. The Davis-Bacon Act, which was passed by Congress and signed into law by President Herbert Hoover on March 3, 1931, requires private contractors…
Want to be a Lighthouse Keeper?
“I want to marry a lighthouse keeper And keep him company I want to marry a lighthouse keeper And live by the side of the sea…” For more than a decade, ever since the passage of…
IBM Wins GSA Smart Building Technology Contract
Last Monday (May 21, 2012), GSA awarded IBM with a contract, worth up to $11.5 million, to develop and install advanced smart building technology systems in 50 of the federal government’s highest energy-consuming buildings. Part of…
Memorial Day
Sleep, comrades, sleep and rest On this Field of the Grounded Arms, Where foes no more molest, Nor sentry’s shot alarms! Ye have slept on the ground before, And started to your feet At the cannon’s…
The Building of the Pentagon
“I like it because nothing like it has ever been done that way before.” – Pres. Franklin D. Roosevelt commenting on the unique design of the planned War Department headquarters This “Sunday Edition” of our Memorial…
Defense-Related Spending Trend
Learn About Tableau It’s Memorial Day weekend and it happens to also be the first weekend of a new endeavor by our team to post a new article every single calendar day. So, while others frolic…
GSA’s Dwindling Lease Term
The government right now is, well, it’s in turmoil. That’s voiced as an opinion but it feels like actual, quantifiable fact. The United States is still fighting its way out of a deep and prolonged recession,…
Government-Leased Sales Trend
Most investors would probably agree that cap rates for government-leased properties are trending downward. We took a quick look at sales of government-leased properties (90+% leased by the federal government) over the past decade. The trend…
GovSpeak: The “OA”
When a landlord leases space to the federal government, it is most often a U.S. General Services Administration (GSA) contracting officer who signs the lease for the United States of America. In fact, as of this…