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U.S. Treasury Department to Consolidate Two Agency Leases in D.C.

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U.S. Treasury Department to Consolidate Two Agency Leases in D.C.


The General Services Administration’s downsize of the federal government’s office footprint continues, with the Treasury Department as the latest lucky contestant. 

The GSA late last month awarded a lease contract to Duwaliya US Real Estate to house two Treasury agencies — its Office of Management and Office of Technical Assistance — in 65,000 square feet of space at 1575 I Street NW, according to the Business Journal, which cited a source familiar with the deal. 

SEE ALSO: FECR Lands Five New Tenants at 1101 Brickell in Downtown Miami

The new consolidation is a hefty cutback in space for the agencies, which will vacate four leases at 1750 Pennsylvania Avenue NW (121,000 square feet) and 1722 I Street NW (75,000 square feet). Their new home is in the 12-story, 288,798-square-foot building at 1575 I Street just two blocks north of the White House. It’s also known as the ASAE Building for its tenant the American Society of Association Executives.

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The Treasury agencies’ leases are set to expire in August of next year, according to a 2023 GSA prospectus for the department. Though the existing leases will likely extend into the second half of 2026, per the Business Journal.

In the prospectus, the GSA proposed a downsize to 103,000 square feet for the agencies — nearly double the amount of space they’re set to take at the ASAE Building — a consolidation it justifies as a means to enable a “more robust telework program.”

“Approximately half of the currently housed personnel are moving to increased telework and will not be accommodated under the replacement transaction,” the prospectus says. “A small percentage will go into other existing Treasury spaces. By consolidating the currently separate locations, the proposed lease will increase efficiency, streamline operations, and eliminate redundant space while maintaining mission readiness.”

Duwaliya US Real Estate is an affiliate of Sheikh Khalid Thani A. Al Thani, a Qatari businessman and member of the Qatari royal family, per the Business Journal. His affiliate organization bought the property for $107.9 million in 2015 from Carr Properties, per property records.

The GSA is in the midst of slashing the government’s office space, a trend it started in recent years in order to reconfigure leases and properties it already owns and ditch properties it no longer needs. 

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D.C. recorded over 537,000 square feet of negative office space absorption this past quarter, with the city now in its fifth straight year of negative quarterly absorption, according to a recent D.C. office market report from CBRE. The GSA’s office cuts are a large part of that downward trend, accounting for nearly half of recent occupancy loss in the District, per CBRE.

Nick Trombola can be reached at ntrombola@commercialobserver.com.



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IndyCar announces start time for highly anticipated Freedom 250 Grand Prix on the streets of Washington, DC

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IndyCar announces start time for highly anticipated Freedom 250 Grand Prix on the streets of Washington, DC


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The NTT IndyCar Series is gearing up to hit the streets of Washington, D.C., for the first time Aug. 23, and now we know when the green flag will wave.

There is no question about it: The Freedom 250 Grand Prix of Washington, D.C., is going to be a full-on spectacle as cars race past some of the most iconic monuments our nation has to offer.

It’s getting the level of coverage it deserves.

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TRUMP TOUTS INDYCAR DRIVERS’ ‘SPECIAL’ ABILITY AT FREEDOM 250 GRAND PRIX SHOWCASE, SEEMINGLY ENDING HOT DEBATE

Practice sessions 1 and 2 will air Saturday, Aug. 22, on FS1 and FS2, respectively. Qualifying will take place that evening from 5-6:30 p.m. ET on FS2.

Then, Sunday morning, the IndyCar broadcast booth regulars — lap-by-lap commentator Will Buxton and former drivers-turned-broadcasters Townsend Bell and James Hinchcliffe — will call the warmup from 9-10 a.m. ET on FS1.

IndyCar will celebrate America’s 250th birthday with the Freedom 250 Grand Prix of Washington, D.C. (Andrew Harnik/Getty Images)

After that, expanded pre-race coverage will get underway on FOX at 11:30 a.m. ET, with the race getting started shortly after 1 p.m. ET.

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SCOTT DIXON LEAVING CHIP GANASSI RACING THROWS A HUGE WRENCH INTO INDYCAR’S SILLY SEASON

On top of the IndyCar action, the International Race of Champions, or IROC, will make its return as a support series for the weekend. 

That race is scheduled for Saturday with IndyCar greats Helio Castroneves, Dario Franchitti and Tony Kanaan taking part alongside NASCAR legends Jeff Gordon, Kurt Busch, Bobby Labonte, Rusty Wallace and Bill Elliott using the same Pontiac Firebirds the original IROC series used from 1996 to 2006.

IndyCar drivers (from left) David Malukas, Felix Rosenqvist and Alex Palou visited the White House this week. (Aaron Schwartz/CNP/Bloomberg)

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There’s a lot of excitement around this one-of-a-kind addition to the 2026 IndyCar calendar, and, this week, reigning series champ Alex Palou, Indy 500 champ Felix Rosenqvist and Team Penske’s David Malukas were all at the White House to meet with President Donald Trump and to knock out some pit stop practice.

IndyCar has another big weekend ahead. The series heads to Nashville Superspeedway for the Borchetta Bourbon Music City Grand Prix on Sunday, which will air on FOX immediately after the 2026 FIFA World Cup Final.



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Calls grow for Green to recall Hawaii National Guard from DC | Honolulu Star-Advertiser

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Calls grow for Green to recall Hawaii National Guard from DC | Honolulu Star-Advertiser




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National Guard continuing DC deployment through Inauguration ’29

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National Guard continuing DC deployment through Inauguration ’29


The U.S. Department of Defense confirmed Wednesday the National Guard will remain deployed in Washington, D.C., through Inauguration Day 2029.

Mayor Muriel Bowser and other city officials have been against deployment since it began last summer, but pushing back has been an uphill battle.

More than 5,000 National Guard troops are deployed in the city after President Donald Trump signed an executive order declaring a crime emergency, and that number swelled for the Fourth of July.

City leaders made it clear they want the National Guard to leave, but the Defense Department says the troops will stay through the end of the Trump administration.

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City leaders argue the National Guard is unnecessary, the soldiers are not trained in law enforcement and it’s bad for business. A lawsuit filed by the D.C. attorney general was overturned on appeal pending further litigation.

“My understanding is that there’s going to be some sort of proceeding in September, and so the city is still litigating that we don’t want these National Guard troops from other states here,” D.C. Council Chairman Phil Mendelson said.

On July 9, the D.C. Council sent letters to Michigan Gov. Gretchen Whitmer and U.S. Virgin Islands Gov. Albert Bryan asking them to withdraw their National Guard soldiers that were sent for the Fourth of July celebrations.

“We respectfully ask that you recall all Michigan National Guard personnel as soon as practicable and decline any extension of their current deployment,” Council wrote to Whitmer.

“To have National Guard troops sent here from states across the nation who are armed, who are not trained in our laws, does not help us advance public safety and is not the right path forward,” Councilmember Brooke Pinto said.

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The Council did not reach out to any other governors with troops deployed to Washington.

Bowser declined to comment on the extension of the guard’s deployment.

News4 reached out to both governors’ offices for comment but has not heard back.



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