Meeting Minutes - US Department of State
Meeting Minutes - US Department of State
Meeting Minutes - US Department of State
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GENERAL WILLIAMS: Good afternoon.<br />
151<br />
MR. STOMBER: Good afternoon panel members.<br />
The question is, "What is new in property<br />
acquisition and disposition?" And my name is Steve<br />
Stomber. I'm the managing director right now for<br />
real estate. The answer, basically, is nothing.<br />
We've done tons <strong>of</strong> research and we haven't<br />
found too much new. But we can tell you that the<br />
key to real estate has always been location,<br />
location, location. And it still is for the<br />
<strong>Department</strong> <strong>of</strong> <strong>State</strong> in trying to find land for<br />
buildings. And the main thing that does change in<br />
real estate are trends. And I think the most<br />
current trend that I have seen is basically the<br />
problem in the American's subprime mortgage market<br />
has affected the finance market, which has affected<br />
some international real estate circles and prices on<br />
buildings and acquisitions.<br />
But I think the best way for us to talk<br />
about what is new in property acquisitions and<br />
disposition is for Mr. Wilkie to tell you what we've<br />
done for accomplishments in the past year. Keith?<br />
MR. WILKIE: Thank you. Good afternoon.<br />
Of course, you know that being the real estate guy<br />
coming on in the middle <strong>of</strong> the afternoon is a little<br />
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