In November 2013, I published a brief analysis looking at the cap rate trend for FBI field office sales tracked from the end of the Global Financial Collapse. FBI field offices are a good subject for this…
Category: FBI
FBI Field Office Sales Trend
It’s clear that cap rates for long-term, GSA-leased properties have fallen steadily since the end of the 2008 recession. Yet, we’ve been challenged to demonstrate that in a meaningful way. The problem is that merely reporting…
FBI HQ Consolidation Hearing
Rep. Lou Barletta (R-Pa.) held his first hearing as chairman of the House Committee on Transportation and Infrastructure’s Subcommittee on Economic Development, Public Buildings, and Emergency Management yesterday (Wednesday, March 13). The hearing examined the proposal to…
House Questions FBI HQ Consolidation Process
The FBI’s search for a new headquarters—as well as GSA’s proposal to swap the dated J. Edgar Hoover (JEH) Building for a new FBI campus outside of downtown Washington, D.C.—could be complicated by the House committee…
FBI Industry Day Conference
Yesterday (January 17) GSA hosted an “industry day” conference to provide additional background relating to their Request For Information soliciting developer input on ideas to replace the existing J. Edgar Hoover (JEH) Building, FBI’s headquarters since…
2012: Government Real Estate Year In Review
If you think the world of government real estate is a staid and boring place, think again. There is a lot going on: big transactions, important policy and outright scandal. 2012 was no exception. We published…
GSA Issues RFIs for FBI HQ, Federal Triangle South
Yesterday (Monday, December 3, 2012), GSA formally sought new ideas on how to develop a consolidated FBI headquarters campus—possibly by exchanging the much maligned J. Edgar Hoover (JEH) FBI Building (and the land on which it…
Fairfax County Wants New FBI Headquarters in Springfield
View Larger Map As we noted in the previous post, GSA has begun setting the stage for the construction of a massive new FBI headquarters complex somewhere in the National Capital Region. Exactly where that complex…
New FBI HQ Update
As we reported back in January, the Senate Environment and Public Works Committee passed a resolution on December 8, 2011, authorizing GSA to seek a location for a new consolidated FBI headquarters to replace the aging J. Edgar Hoover Building at 935 Pennsylvania…
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,…