In the 2015 tax year the District of Columbia will implement a new assessment method that will substantially increase real estate taxes for most office properties. This method relies on comparable sales instead of evaluating net…
Tag: GSA
Sales Market Insights – Spring 2014
GSAXCHANGE, the investment sales arm of Colliers Government Solutions, has published its Spring 2014 “Government-Leased Assets” report, which includes an overview of sales activity and trends in the federal sector. Driven by the lack of product…
Spotlight: CBER
The sprawling Food and Drug Administration (FDA) campus in Silver Spring, Maryland, will soon be welcoming another major regulatory component of the agency: the Center for Biologics Evaluation and Research (CBER). Beginning about May 1, moving vans…
Polar Vortex Not Chilling WDC Core Office Sales
Our investment sales team was especially prolific last week, issuing two new reports on the Washington, DC area property market. The 2013 Year End Washington, DC Capital Markets Report noted that many primary and secondary markets around the…
Alternative Approaches to Funding for Federal Real Property
A recent bounce in GSA’s funds from Congress has modestly improved the agency’s ability to reduce the federal footprint and shift more toward owned space, as we discussed earlier this month. But the slight budget relief…
Better Buildings Bill Update
Thirty-two U.S. Senators stayed up all night on March 10, speaking non-stop to stir Congressional colleagues into action on climate change. Overnight talking points emphasized state-by-state economic damage such as crop losses from California droughts, coastal…
The Bounceback: GSA’s Budget Returns to “Normal” (and what that means for lessors)
We’ve often said on this blog that you need only look at GSA’s budget as the bellwether for leasing demand. In recent years we’ve noted that budget reductions imposed by Congress have put GSA in a…
New Cybersecurity Center Planned
The President’s 218-page FY 2015 federal budget request was released a week ago and it underscores the growing importance of cybersecurity. The word “cyber”, for example, appears 40 times in the budget. Collaboration is another major…
Spotlight: Federal Bureau of Prisons
A highly-efficient HVAC system, locally sourced stone and recycled construction waste are just a few of the sustainable features at a new federal building complex in Hazelton, West Virginia. An innovative laundry water recycling system is…
Spotlight: Executive Office for Immigration Review
President Obama has said that immigration reform is the most important domestic policy agenda of his second term, and hope springs that Congress will pass legislation acceptable to both parties. But in the meantime, it’s worthwhile…