Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
January 14, 2021

EXCLUSIVE: GSA Real Estate Head Reflects On Accomplishments, Disappointments, The Future Of Federal Offices

[Digital Summit] DCBIA, HITT, Skanska, DAVIS Construction & More Discuss Overarching Trends & Projections For the District In 2021 Feb. 10

Dan Mathews has spent the last three and a half years in charge of the largest real estate portfolio in the U.S.

As the head of the General Services Administration's Public Buildings Service, Mathews oversees the federal government's portfolio of owned and leased real estate that spans 376M SF across 9,600 buildings. 

Mathews, a political appointee who will likely be replaced after President-elect Joe Biden takes office, spoke to Bisnow this week about the changes he has made to the GSA's real estate strategy and about the goals he wasn't able to accomplish that he hopes the next administration will prioritize. 

EXCLUSIVE: GSA Real Estate Head Reflects On Accomplishments, Disappointments, The Future Of Federal Offices

A former congressional staffer for the House subcommittee that oversees the GSA, Mathews was appointed by President Donald Trump in July 2017. Mathews said his most significant accomplishment during his three and a half years as PBS commissioner was the money he saved taxpayers by changing the GSA's leasing strategy.Roughly half of…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

How Marriott Is Fighting To Save The Golden Goose: Its Loyalty Program How Marriott Is Fighting To Save The Golden Goose: Its Loyalty Program
Saudi Crown Prince Announces New $100B City To Be Built In 170-KM Straight Line Saudi Crown Prince Announces New $100B City To Be Built In 170-KM Straight Line
NYC Fund Manager Bilked Investors Out Of $58M, SEC Alleges NYC Fund Manager Bilked Investors Out Of $58M, SEC Alleges
CRE Donor Class Among Benefactors Abandoning Trump And His Allies CRE Donor Class Among Benefactors Abandoning Trump And His Allies
Perforation

Brookfield Eliminates D.C. Office Leasing Division

Brookfield Eliminates D.C. Office Leasing Division  

Brookfield is fully outsourcing its office leasing in the D.C. area, cutting two leasing executives this week, Bisnow has learned. The company, one of the largest owners of real estate in the world and the D.C. region, had in-house leasing agents in…

Read Full Story

  Share:  
Perforation

Coworking Provider MakeOffices Is Closing Down

Coworking Provider MakeOffices Is Closing Down  

MakeOffices, a homegrown D.C. coworking provider with nine locations in the region, is closing down.  MakeOffices Chief Operating Officer Josh White told Bisnow Wednesday the company was forced to shutter because of the financial difficulties the pandemic has created for the coworking industry and the business world at large.…

Read Full Story

  Share:  
Perforation

In Case You Missed It...

Soaring Downtown Office Vacancies Pushing Developers Toward Apartment Conversions Soaring Downtown Office Vacancies Pushing Developers Toward Apartment Conversions
Wardman Park Hotel Owner Files For Bankruptcy, Plans To Sell Shuttered Property Wardman Park Hotel Owner Files For Bankruptcy, Plans To Sell Shuttered Property
Lerner Reaches Deal With MGM For Nationals Park Sportsbook Lerner Reaches Deal With MGM For Nationals Park Sportsbook
JBG Smith Buys Arlington Hotel, 2 Apartment Buildings JBG Smith Buys Arlington Hotel, 2 Apartment Buildings
Greystar Buys Arlington Site Carr Once Eyed For Office, Plans 220 Apartments Greystar Buys Arlington Site Carr Once Eyed For Office, Plans 220 Apartments
 
Perforation

Think A Biden Administration Will Bring Chinese CRE Investors Running Back? Think Again

In the early to mid-2010s, China-based investors flooded the coffers of U.S. commercial real estate. Multiple forces aligned to make the country the No. 1 foreign investor in the U.S. American real estate was hot, and the countries were fairly friendly as globalization ruled daily political discourse with minimal pushback.

A lot has changed since then. Investment from China has plummeted, and the political relationship between the U.S. and China is different. Don't expect a new administration to change all of that. The coronavirus pandemic and its economic aftermath have placed more public scrutiny on China, which could continue to affect CRE investment flow between the two countries.

"The flow of funds out of China are determined domestically and, at least at the moment, any administration will have very little influence and ability to shift this dynamic of less investment into the U.S.," JLL Senior Managing Director of Capital Markets Dan Cashdan said in a statement to Bisnow.

Read the full story here.

 
Perforation

Single-Building IPO Platform Raises $6M, Adds Brookfield's Ric Clark To Board

LEX, an online platform that allows people to buy and sell shares in individual commercial properties for as little as $250, has closed $6M in new financing and appointed a commercial real estate veteran to its board.

LEX co-founder and CEO Drew Sterrett, who formed the company in 2017, said in an interview that the platform has created the first commercial real estate securities market — one that essentially allows real estate owners to bring a portion of individual assets to the public market.

Read the full story here.

 
 
 
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 45206