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…
Tag: Capitol Markets
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…
Spotlight: NASA
In honor of the Mars rover Curiosity’s successful landing on the Red Planet early yesterday morning (Monday, August 6), we’ve decided to take a look at the agency behind that impressive feat: the National Aeronautics and…
GovSpeak: “The Fiscal Cliff”
“Fiscal cliff,” a phrase coined by Federal Reserve Board Chairman Ben Bernanke, is shorthand for the “many major fiscal events” that could happen simultaneously at the end of this year and in January 2013. Congress faces…
Spotlight: USACE
Which federal agency is the world’s largest public engineering, design and construction management agency? The U.S. Army Corps of Engineers (also known as USACE or simply “the Corps”) is made up of some 37,000 civilian and…
Yet Another GSA Conference Scandal Hearing
The House Committee on Transportation and Infrastructure held yet another GSA oversight hearing yesterday (Wednesday, August 1), titled “GSA: A Review of Agency Mismanagement and Wasteful Spending—Part 2.” Following on the tails of the April House…
So, You Want to Invest in GSA-Leased Properties?
We are often asked to talk about the GSA-leased inventory and we enjoy doing it. In particular, investors and lenders challenge us to help them understand the true breadth of the GSA-leased property portfolio. How big…
Looking Back on BRAC: Aberdeen Proving Ground
View Larger Map As we’ve reported in numerous postings throughout the past year (click on “BRAC” in the “Categories” to the right), the Base Closure and Realignment (BRAC) process has led to the closure of more…
Spotlight: VBA
The Veterans Benefits Administration (VBA) is one of three organizational elements within the U.S. Department of Veterans Affairs (VA). (The other two are the Veterans Health Administration and the National Cemetery Administration.) VBA is responsible for…
July Heat in Washington
This July is on pace to be not only the hottest month in U.S. history but also the hottest month in the ever-simmering feud between GSA and the House committee that oversees that agency. Perhaps it…