“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…
Tag: Kurt Stout
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…
Highwoods Pares Its Government Leased Property Portfolio
Highwoods Properties, Inc. (NYSE: HIW) has announced that it has sold three government leased properties encompassing 553,000 square feet for $86.5 million or $156.42 PRSF. While the pricing may appear somewhat low on a PRSF basis,…
Spotlight: USCIS
Which federal agency has been part of five different departments? The U.S. Citizenship and Immigration Services (USCIS) began in 1891 as the Office of Superintendent of Immigration in the Treasury Department. In 1903, the by-then renamed…
GSA Regional Energy Monitoring System Nears Completion
GSA is on track to complete a two-year, $39 million project to link the building systems at 39 of its high-energy-use buildings in Arkansas, Louisiana, New Mexico and Texas on schedule in October, Federal Times reported…