Robert H. Smith School of Business
The Motley Fool

Market Foolery Featured Podcasts

  • MarketFoolery: 09.29.2014
    DreamWorks Animation soars on reports it’s about to be bought by SoftBank.  Starboard Value makes a public push for Yahoo to buy AOL.  We analyze those stories and dip into the Fool Mailbag.
  • MarketFoolery: 09.25.2014
    Bending phones and iOS 8 glitches, which is worse for Apple?  The FAA will allow movie and TV studios to use flying drones.  Are delivery companies next in line?  Plus we dip into the Fool Mailbag and discuss whether FOX, CBS, Yahoo and NBC will bid for the services of ESPN columnist Bill Simmons.
  • MarketFoolery: 09.24.2014
    Bed, Bath & Beyond rises on a surprising earnings report.  Plus we analyze BlackBerry’s new Passport phone and dip into the Fool Mailbag.
Capital Business
Posted at 12:33 PM ET, 03/06/2013

GSA receives 35 proposals for FBI headquarters


Federal Bureau of Investigation (FBI) headquarters in Washington. (Manuel Balce Ceneta - AP)
The FBI says it needs a new home and there are a lot of firms that would like to build it for them.

Under acting administrator Dan M. Tangherlini, the General Services Administration proposed swapping the FBI’s dated headquarters downtown for a new campus in the area and says it received 35 proposals by Monday’s deadline.

The GSA has not released details of the responses, but they include proposals from landowners, developers and local governments to either build a new headquarters for the FBI, buy the J. Edgar Hoover Building on Pennsylvania Avenue, or a combination of both.

The GSA issued a statement saying the responses demonstrated “significant interest from the private sector to assist in developing a new, consolidated facility in the National Capital Region.”

To move forward, Tangherlini and Dorothy Robyn, head of the GSA’s Public Buildings Service, would likely issue a more targeted request for a development partner.

Congress, however, has yet to weigh in definitively on the FBI’s search, which could consolidate 11,000 employees in one location. A House subcommittee planned to hold a hearing on the FBI search Wednesday morning, but postponed it due to the weather.

The enthusiasm among local governments and real estate companies likely represents growing urgency to secure jobs and office users as the region bears the across-the-board government cuts under sequestration.

As the deadline approached, more than a dozen landowners and local governments revealed details about their proposals. Fairfax County leaders talked up a federally owned warehouse in Springfield.

Prince George’s County Executive Rushern L. Baker III and Council Chairwoman Andrea Harrison suggested Greenbelt, although the developer of Westphalia Town Center submitted its own bid.

D.C. Mayor Vincent C. Gray (D) has offered up 10 acres on Poplar Point, in Southeast along the Anacostia River.

Loudoun officials made it known that they had eight available sites and Prince William County offered a site in its Potomac Shores town center project.

Earlier this week, the GSA announced that it had also received 10 proposals to redevelop Federal Triangle South, an area of drab federal office buildings along Independence Avenue south of the National Mall.

Follow Jonathan O’Connell on Twitter: @oconnellpostbiz

By  |  12:33 PM ET, 03/06/2013

Tags:  FBI, GSA, commercial real estate

 
Read what others are saying
     

    © 2011 The Washington Post Company