Skip to comments.U.S. government a big commercial real estate player
Posted on 04/05/2010 7:18:38 AM PDT by Cheap_Hessian
Evidence of the federal government's growing influence on Washington area commercial real estate is illustrated in big deals it is working on both sides of the table: auctioning a 127,000-square-foot Bethesda building previously occupied by the National Institutes of Health and moving to snatch up vast spaces in buildings on the private market that have been vacant for months.
The General Services Administration is seeking to unload the 10-story building that the NIH vacated in 2002 when it consolidated offices into other buildings in Bethesda. The recommended opening bid for the online auction, which runs from April 30 to July 2, is $14 million.
At the same time, federal leasing activity is expanding, according to Jones Lang LaSalle, the real estate firm representing the government. The government signed deals for 750,000 square feet of space in the District in the first quarter of 2010, compared with 670,000 square feet in the city for all of 2009.
(Excerpt) Read more at washingtonpost.com ...
I could have told you that. In pretty much every major urban area in the United States the biggest commercial real estate titleholders will governmental agencies and religious entities.
The States should issue passports to ALL FEDERAL WORKERS...
AND re-claim ALL State property for benefit of State citizens.. since federal citizens do not exist..