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Search Tags: federal property
The House unanimously voted Tuesday to create a new process for disposing of the federal government's 14,000 excess properties, beginning with a pilot program to sell off more than a dozen of the most profitable facilities. Under the law, agencies would be able to keep a portion of the proceeds from the sale of real property. The bill would also create a comprehensive database compiling a list of all of the federal government's real property.
Congressional gridlock and "stalling economic growth" could combine to put a freeze on many new federal leasing options, a recent report from Jones Lang LaSalle predicts. Kevin Wayer, co-president of the public institutes practice at Jones Lang LaSalle, joined In Depth with Francis Rose to discuss what the federal real estate market could look like in the coming year.
Rep. Jeff Denham, who is sponsoring a proposal that would create a civilian BRAC-style process for federal buildings, joined the Federal Drive with Tom Temin and Amy Morris to discuss the proposal.