Congress has been busy this year working on bills meant to pave the way for the disposition of thousands of unneeded or underutilized properties. This is one of those rare instances where the Republican House and…
Category: Dispositions
Washington Office Center / Washington Design Center Sale
Today the Washington Business Journal reported that Vornado has selected a buyer for its Washington Office Center (409 3rd Street, SW) and Washington Design Center (300 D Street, SW) properties in Washington, DC’s Southwest submarket. The two…
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…
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…
Excess Properties for Sale!
As we reported yesterday, the federal government—the biggest property owner in the United States—is now in the process of disposing of billions of dollars worth of properties that it no longer needs. While the disposal process is…
Federal Real Estate Sales on Track
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…
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…
An Introduction to the Cotton Annex
Last week, the House Transportation and Infrastructure Committee held a hearing in the Cotton Annex, a vacant federal building just south of the National Mall. This hearing was the latest installment of the committee’s “Stop Sitting…
USPS Closing, Consolidating More Facilities
Facing a projected budget deficit of more than $14 billion, the U.S. Postal Service (USPS) announced last month (on February 23) that it will slash the size of its mail processing network by almost half. Of…