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February 22, 2011


Gerald Jones

$295M would be a 3.5% going-in cap. Not going to happen!


The building may be 96 percent occupied, but the business that supports its occupants is collapsing. The news business has been in decline for several years and the fall-off is accelerating. Journalists are being laid off in massive numbers. In 10 years, who will be left to work in the National Press Building? This will require building owners to scramble for new tenants at a time when the federal government will be downsizing, too. It's a nice building, to be sure, but purchasing it at a premium price will be a gamble.

Carolyn Campbell

As a school kid, I visited my mom's (Jo Campbell) office there in the 1950s. At seventeen she started as a "copy boy", a term she preferred, at the Washington Post, then as a staffer with Ben Kubasik PR, followed by several press services, and her last and favorite job, as a writer for USIA in the Near East and African branches where she retired after 35 years. I felt I was among an elite group of professionals; reporters, editors, PR representatives. I attended one luncheon as a teenager and it felt like a royal invitation. No surprise that 20 years later I would choose a career working with the media on a daily basis. It's a grand building filled with fond memories. Carolyn Campbell

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