This week Bureau of Labor Statistics (BLS) published its employment forecasts for the decade from 2010-2020. The good news is that BLS predicts an increase of nearly 20.5 million jobs over the course of this decade,…
Author: Kurt Stout
Why The Termination Rights?
One of the great frustrations landlords encounter with GSA is the Government’s frequent and seemingly reflexive insistence on termination rights. We conducted a quick analysis of 1,165 procurements conducted by GSA in the past 7 years…
DARPA Has Begun Occupancy at Founders Square
The John Shooshan Company has completed the 13-story, 350,000 square foot home of the Defense Advanced Research Projects Agency (DARPA) at Founders Square, 675 N Randolph Street in Arlington, Virginia. DARPA reportedly signed its first rent commencement…
GovSpeak: “BRAC”
“BRAC” is the abbreviation for Base Realignment and Closure. Though, to be technically correct, it is formally used by DoD as the acronym for Base Closure and Realignment. Either way, BRAC is the process by which…
BRAC is Back?
The last round of Base Closure and Realignment (BRAC) was announced in 2005 and completed officially last year. In a press conference today, Secretary of Defense Leon Panetta announced that DoD is planning for another BRAC…
Long-Term, GSA-Leased Investment Opportunities Are Limited
The investment market for GSA-leased properties has become progressively robust as investors seek to place capital in long-term leased, stable assets. To the degree that these can be bought with 10+ years remaining (and a properly…
More Downsizing Indicators
As further evidence that the federal government has begun the process of downsizing, a number of federal agencies have recently made —or will soon make—voluntary buyout and early retirement offers to employees. More than a dozen…
National Capital Area Counties Vie for New FBI HQ
At least three Washington, D.C., area counties have expressed interest housing a new $1.2 billion FBI headquarters complex and the nearly 12,000 jobs it will bring. On December 8, 2011, the Senate Committee on Environment and…
GSA’s Space Reduction Plan
On Federal News Radio this past Friday, Elaine Clancy, GSA’s Director of Leasing, was interviewed regarding GSA’s efforts at space reduction and consolidation and her answers underscored a broader theme growing ever louder at GSA: the…
Obama Seeks Power to Merge Agencies
President Obama last week announced that he is asking Congress for the authority to merge six trade and commerce entities into a single department tasked with boosting American business and promoting competitiveness. Specifically, his plan would…