Last Monday (May 21, 2012), GSA awarded IBM with a contract, worth up to $11.5 million, to develop and install advanced smart building technology systems in 50 of the federal government’s highest energy-consuming buildings. Part of…
Tag: Colliers
The Building of the Pentagon
“I like it because nothing like it has ever been done that way before.” – Pres. Franklin D. Roosevelt commenting on the unique design of the planned War Department headquarters This “Sunday Edition” of our Memorial…
Defense-Related Spending Trend
Learn About Tableau It’s Memorial Day weekend and it happens to also be the first weekend of a new endeavor by our team to post a new article every single calendar day. So, while others frolic…
GSA’s Dwindling Lease Term
The government right now is, well, it’s in turmoil. That’s voiced as an opinion but it feels like actual, quantifiable fact. The United States is still fighting its way out of a deep and prolonged recession,…
Government-Leased Sales Trend
Most investors would probably agree that cap rates for government-leased properties are trending downward. We took a quick look at sales of government-leased properties (90+% leased by the federal government) over the past decade. The trend…
GovSpeak: The “OA”
When a landlord leases space to the federal government, it is most often a U.S. General Services Administration (GSA) contracting officer who signs the lease for the United States of America. In fact, as of this…
Extreme Leasing: The Northernmost GSA Lease
View Larger Map Barrow, Alaska proudly names itself “The Farthest North American City” so it’s no surprise that it would also be home to the northernmost federal lease. If you’ve ever visited Alaska you know that…
How Prospectus Governs Build-to-Suit Rents
Over the years, we’ve observed that government-leased build-to-suit (or, in GSA parlance, “lease-construct”) projects often seem to price at or near the prospectus-approved rent cap. We decided to take a look at the trend using the FBI’s field…
Northern Virginia’s Troublesome Prospectus Rent Trend
It’s tough to be a government landlord in Northern Virginia these days, especially if your building is tenanted by a large federal tenant where the lease size is above the prospectus threshold. The reason is…
House-Approved Defense Bill Prohibits BRAC
Yesterday, the House of Representatives voted 299-120 to pass the National Defense Authorization Act for Fiscal Year 2013 (H.R. 4310). The Act defies the President by adding $4 billion to the Administration’s requested budget and reversing…