3-Alarm Fire Destroys High-End Atlanta Apartment Building, 2 Arrested

Easterly Government Properties has picked up an East Point office building that recently landed a lease with the Transportation Security Administration for $163 per SF.

The Washington, D.C.-based REIT purchased 1500 Centre Parkway, a nearly 100K SF office building near Hartsfield-Jackson Atlanta International Airport, for $16M on Oct. 3, according to data compiled by Databank. The seller was a joint venture of SGP Real Estate, Hight Property Group and Knox Properties. Easterly CEO William Trimble discussed the…

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As debt markets have seized up, developers increasingly have pulled back from active construction projects, including a handful of hotels near convention centers in major U.S. cities. But rather than let those sites sit fallow, some local authorities have decided to step up as financial backers to ensure real estate developments they see as…

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This series goes deep with some of the most compelling figures in commercial real estate: the deal-makers, the game-changers, the city-shapers and the larger-than-life personalities that keep CRE interesting.

Elliot Doomes is no stranger to managing the federal real estate footprint. He has spent nearly his entire career behind the scenes, making crucial decisions about where and how the government uses space. 

But as of last month, he has a new role: the lead official overseeing the government’s more than 350M SF portfolio and the 5,800 employees who manage it. Doomes took over as the commissioner of the General Services Administration's Public Buildings Service on Oct. 13 after overseeing the GSA's D.C.-area footprint since January. He replaced Nina Albert, who moved to head D.C.'s real estate efforts as the city's deputy mayor for planning and economic development.

Doomes comes to the role as the GSA navigates seismic shifts to its leased and owned portfolio — and the clock is ticking on making those decisions. 

Nearly half of all federal leases expire within the next five years, and the agency is under more pressure than ever to shed extraneous space after the pandemic-induced shift to remote work. In response, the GSA has been moving to  reduce large chunks of federal office space, most recently from agencies…

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