2 days agoGSA OIG Flags Incomplete PBS Contract Files and CUI Marking Gaps
A GSA Office of Inspector General audit found all 11 sampled Public Buildings Service contract files incomplete in EASi and identified inconsistent marking of controlled unclassified information. PBS agreed with four recommendations and is developing a corrective action plan, with implications for acquisition recordkeeping, CUI handling, and contractor documentation support.
16 days agoFederal Office Space Declined in FY2025 as Annual Costs Rose $65.9 Million
A social media post says federal office space declined in FY2025 while annual costs increased by $65.9 million, but provides no source, agency-level data, or cost breakdown. For contractors and agencies, the report is an unverified signal to separate lease-exit expenses from ongoing occupancy costs—not evidence of a specific procurement or confirmed market-wide cause.
132 days agoGSA Divests San Antonio Federal Building for $30 Million, Enabling City Development
The GSA's $30 million sale of the San Antonio Federal Building enables the city's downtown redevelopment initiatives, including a new Spurs arena. This transaction supports GSA's strategy to reduce federal real estate holdings while promoting local economic growth through urban development contracts.
157 days agoGSA Finalizes Sale of Historic Old Post Office to Streamline Federal Real Estate Holdings
The General Services Administration has sold the Old Post Office Building in Washington, D.C., as part of its strategy to optimize federal property portfolios. The transaction preserves the building's historic architecture while providing opportunities for private management in federal real estate.
178 days agoGSA Auctions Grand Rapids Former Military Property with Significant Redevelopment Potential
The GSA is auctioning a former Navy and Marine Corps Reserve Center in Grand Rapids, Michigan, with bids starting at **$1.5 million**. This initiative aims to reduce excess federal properties, saving taxpayers **$350,000** annually and avoiding **$27 million** in future costs.
191 days agoGSA Announces Strategic Relocations of Federal Headquarters in Washington, D.C.
The GSA, in collaboration with DOE and ED, will significantly downsize federal headquarters in D.C. DOE's move is projected to save taxpayers over **$350 million**, while ED anticipates annual savings of **$4.8 million** in rent. These relocations signal new procurement opportunities in facility management and construction.
191 days agoGSA Announces Disposition of Strom Thurmond Federal Building in Columbia, SC
The GSA will dispose of the Strom Thurmond Federal Building, set to generate $59.4 million in savings. This initiative opens avenues for contractors in property transfer and redevelopment services, aligning with federal real estate consolidation efforts.