GSA announced this afternoon that it has chosen the Trump Organization as the preferred team to redevelop the historic Old Post Office building. This apparently concludes an effort which has been going on for more than…
Tag: Colliers
Federal Employment Expected to Decline
This week Bureau of Labor Statistics (BLS) published its employment forecasts for the decade from 2010-2020. The good news is that BLS predicts an increase of nearly 20.5 million jobs over the course of this decade,…
Spotlight: GPO
What federal agency has shrunk to its smallest size in more than a century? The answer—the U.S. Government Printing Office (GPO)—is no surprise, given the huge changes in printing and information technology that have taken place…
Why The Termination Rights?
One of the great frustrations landlords encounter with GSA is the Government’s frequent and seemingly reflexive insistence on termination rights. We conducted a quick analysis of 1,165 procurements conducted by GSA in the past 7 years…
DARPA Has Begun Occupancy at Founders Square
The John Shooshan Company has completed the 13-story, 350,000 square foot home of the Defense Advanced Research Projects Agency (DARPA) at Founders Square, 675 N Randolph Street in Arlington, Virginia. DARPA reportedly signed its first rent commencement…
GovSpeak: “BRAC”
“BRAC” is the abbreviation for Base Realignment and Closure. Though, to be technically correct, it is formally used by DoD as the acronym for Base Closure and Realignment. Either way, BRAC is the process by which…
Spotlight: NOAA
The roots of the National Oceanic and Atmospheric Administration (NOAA) date back more than 200 years, to 1807, when the nation’s first scientific agency, the Survey of the Coast (later known as the U.S. Coast and…
BRAC is Back?
The last round of Base Closure and Realignment (BRAC) was announced in 2005 and completed officially last year. In a press conference today, Secretary of Defense Leon Panetta announced that DoD is planning for another BRAC…
Long-Term, GSA-Leased Investment Opportunities Are Limited
The investment market for GSA-leased properties has become progressively robust as investors seek to place capital in long-term leased, stable assets. To the degree that these can be bought with 10+ years remaining (and a properly…
More Downsizing Indicators
As further evidence that the federal government has begun the process of downsizing, a number of federal agencies have recently made —or will soon make—voluntary buyout and early retirement offers to employees. More than a dozen…