The General Services Administration (GSA) is selling a 940,000-square-foot office building in Washington, DC, to a housing developer for $24 million. The Wall Street Journal reports Dalian Development plans to transform the vacant GSA Regional Office Building near...
The US Department of Agriculture (USDA) announced it is moving out of its longtime headquarters at the South Building in Washington, DC. “More than 85% of the South Building is unoccupied and there is a $1.6 billion backlog in deferred maintenance,” said Agriculture...
The Department of Housing and Urban Development (HUD) may soon need to find new housing for itself. The department’s headquarters building in Washington, DC, was added to the list of federal buildings designated by the General Services Administration for “accelerated...
Housing and Urban Development (HUD) Secretary Scott Turner is eager to relocate his agency to a new headquarters. “You know, HUD is known as the ugliest building in DC, which is not a mantra I like,” said Turner about the Brutalist-style property in a Monday interview...
The newly inaugurated Trump administration is reportedly mulling the sale of two-thirds of the federal government’s office properties to the private sector. The Wall Street Journal, sourcing its coverage from unnamed “people familiar with the transition operations,”...
Starwood Property Trust Posts $390 Million Loss as Credit Provisions Rise
