BOMA International testified before congress on June 6 about making the General Services Administration (GSA) lease and construction process efficient, transparent and user-friendly. Gail Seekins, senior property manager with Akridge and a past president of the Apartment and Office Building Association in Washington, D.C., represented BOMA before a house hearing of the Subcommittee on Economic Development, Public Buildings and Emergency Management Committee on Transportation and Infrastructure.
Seekins praised GSA as one of BOMA's largest and most valued members, stressing that all comments were intended to highlight improvement opportunities to help the federal government and the private sector companies that build and lease to government agencies, and to better streamline the processes to save money for all parties involved.
Speaking about the construction process, Seekins discussed some of the problematic aspects of GSA's construction process, including complications with the scoring rules created by federal mandate. Seekins also spoke to the committee about some of the barriers that occur during the leasing process, such as prospectus rental rates that have not kept up with the rapid increases in construction materials and labor costs, as well as leases that are not always landlord-friendly. On the staffing and operations side, Seekins recommended that GSA consider modifying its excellent intern program to include more technical training in the leasing and facilities management area and target specific hires for careers in real estate leasing.
Manhattan, NY 200E20TH, the CetraRuddy-designed architectural masterwork that brought a curved, contemporary sensibility to Gramercy’s Beaux-Arts streetscape, has
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for