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…
Category: Dispositions
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…
Contract Awarded for New L.A. Courthouse
Downtown Los Angeles is one step closer to getting a new federal courthouse. Earlier this month (Dec. 10), GSA awarded a $318 million design-build contract for the project to Skidmore, Owings & Merrill (SOM) and Clark…
An Early Look at Trump’s Old Post Office Hotel
Earlier this year, GSA announced that it had selected the Trump Organization to redevelop the historic Old Post Office Pavilion and annex as a world-class luxury hotel. Since then, the Trump team (headed by the Donald’s daughter,…
Plum Island for Sale?
Expatriat British novelist and travel writer Lawrence Durrell, writing in Reflections on a Marine Venus, described a “rare but by no means unknown affliction of spirit” that he dubbed “islomania.” “These are people,” he stated, “who…
USPS Facilities Closures: The Odyssey Continues
A plan to close hundreds of postal facilities and eliminate overnight delivery of first-class mail would not save as much as the U.S. Postal Service (USPS) has projected—according, at least, to the Postal Regulatory Commission (PRC),…
The Last Island Prison: McNeil Island, Washington
“Paradise is an island. So is hell,” said German author Judith Schalansky in the introduction to Atlas of Remote Islands: Fifty Islands I Have Never Set Foot on and Never Will. Today we begin a new…
“Sitting on Our Assets” in Miami
House Committee on Transportation and Infrastructure Chairman John Mica (R-Fla.) took his ongoing “Sitting on Our Assets” campaign to Florida this week (Monday, August 6), holding a hearing at the long-vacant David W. Dyer Federal Building…
MetLife to Buy Constitution Center
As was recently reported in Real Estate Finance and Investment, MetLife is under contract to acquire Constitution Center for what could be the highest total price paid for a building in Washington, DC this year. David…
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,…