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…
Tag: Kurt Stout
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…
Spotlight: FBI
The Federal Bureau of Investigation (FBI), the principal investigative arm of the U.S. Department of Justice, serves as both a federal criminal investigative body and an internal intelligence agency. It was established in 1908 as an…
National Capital Area Counties Vie for New FBI HQ
At least three Washington, D.C., area counties have expressed interest housing a new $1.2 billion FBI headquarters complex and the nearly 12,000 jobs it will bring. On December 8, 2011, the Senate Committee on Environment and…
GSA’s Space Reduction Plan
On Federal News Radio this past Friday, Elaine Clancy, GSA’s Director of Leasing, was interviewed regarding GSA’s efforts at space reduction and consolidation and her answers underscored a broader theme growing ever louder at GSA: the…
Obama Seeks Power to Merge Agencies
President Obama last week announced that he is asking Congress for the authority to merge six trade and commerce entities into a single department tasked with boosting American business and promoting competitiveness. Specifically, his plan would…
Social Security Data Center Contractor Selected
Hensel Phelps was recently awarded the $192 million contract to build a new data center for the U.S. Social Security Administration (SSA) in Urbana, Maryland. The data center will be constructed on a 65 acre site…
Spotlight: CBP
U.S. Customs and Border Protection (CBP) is one of the largest and most complex components of the Department of Homeland Security (DHS). It also is the largest law enforcement agency in the United States, with a workforce of…
GovSpeak: “Prospectus”
If you find yourself working on a large lease transaction, you’ll eventually hear the term “Prospectus”. The Prospectus refers to the document that GSA produces each time it seeks to execute a lease over a specified…
Postal Expansion!
OK, so the Postal Service isn’t expanding – quite the opposite. But, with all of the recent discussion of the decline of the U.S. Postal Service, we were intrigued by the attached, very cool, graphic illustrating…