Government Downsizing and the "Big Beautiful Bill": Potential Impacts of Federal Policies on Real Estate
The Trump Administration has made downsizing the Federal Government, including its real estate occupancy needs, a significant priority. An early focus of the Administration was termination of leases for spaces leased by the General Services Administration (GSA) to federal tenant agencies across the US. Additionally, the Big Beautiful Bill, enacted by Congress in July, contains a number of provisions directly applicable to real estate. This program will review the idiosyncrasies of GSA leases, especially from the standpoint of financing and lease termination issues. The program will also review the key elements of the Big Beautiful Bill and other recent Federal legislation as they relate to real property.
