On February 19, President Donald J. Trump signed an order directing the Pentagon to develop plans to establish a U.S. Space Force, with its mandate to “marshal its space resources to deter and counter threats in…
All Articles
Prospectus Authorization: What Does It Really Mean?
Looming large in the federal lease portfolio and in the minds of federal property investors is the “prospectus lease.” Numbering just over 200 nationwide, these are the GSA leases that exceed $3.095 million in annual levelized…
Nation’s Capital Bears the Brunt of Most GSA Lease Downsizing
Since the end of 2012, GSA has been actively working to reduce the size of its leased footprint. Progress has been modest but consistent. At its December 2012 zenith, GSA leased 198.6 million square feet of space…
GSA Lease Terms are Poised for Growth
Recently, pre-solicitation notices posted to the Federal Business Opportunities website (FBO) have been indicating GSA’s desire to enter into longer lease contracts. FBO notices advertise GSA’s requirements for upcoming procurements, including the length of lease term…
CRE Insider Podcast
Recently, Ross Litkenhous of Altus Group invited me to participate as a guest on his CRE Insider podcast series. We covered a variety of subjects including the SWAMP Act, downsizing, GSA lease terminations and more. The conversation…
Agency Profile: The U.S. Bureau of Reclamation
The U.S. Bureau of Reclamation, popularly known as BuRec, is not much heard of east of the Hundredth Meridian, but in the 16 mainland states to the west it plays a central role in managing water…
Agency Profile: The US Army Futures Command
If knowledge is power, as the English scientist and politician Sir Francis Bacon is credited with saying, then knowing how and when to use force can be thought of as a kind of superpower. It requires…
The REAL Reform Act of 2018
On June 27th, the House Transportation and Infrastructure Committee considered and ordered to be reported H.R. 6194, the Real Estate Assets and Leasing (REAL) Reform Act of 2018. The bill is a mostly recycled grab-bag of initiatives…
In Some Ways, the Swamp Has Already Been Drained
As a candidate for the presidency, Donald Trump famously pledged to “drain the swamp” by, among other things, reducing the size of the federal government. This would be accomplished in part by workforce attrition and in…
“Reduce the Footprint” Faces Public and Political Headwinds for the Social Security Administration
With over 1,000 leased facilities, often in single-tenant buildings, the Social Security Administration (SSA) is a staple of many federal investor portfolios. Like other federal agencies, however, SSA has been dutifully implementing the “Reduce the Footprint”…