Trump Vows To Cancel FBI Move To Greenbelt

The plan to move the FBI’s headquarters from downtown D.C. to Greenbelt, Maryland, appears to be dead.

X/The White House

“We’re going to stop it — not going to let that happen,” President Donald Trump said at a press conference Friday at the Department of Justice.

“We’re going to build another big FBI building right where it is, which would have been the right place because the FBI and the DOJ have to be near each other,” he said. “We’re going to get a great building built. It’s going to be a magnificent building.”

But a few sentences later, he said that FBI Director Kash Patel had another idea.

— Emily Wishingrad

Today's Rundown

Agency Cancels New HQ Lease: The U.S. Agency for Global Media announced it has canceled a 15-year headquarters lease it signed in September. USAGM, the parent agency for Voice of America, also placed more than 1,000 of its employees on leave — moves the agency said were in response to an executive order from President Donald Trump on Friday. Read more.

‘Pure Chaos’ As DOGE Slashes Leases: The federal government’s push to slash leases at a rapid rate is sending shockwaves across the commercial real estate world. Owners are panicking as they receive termination letters, which have included erroneous information, and don’t know who to call. Others are waiting with bated breath to learn their fate — from an agency that has been gutted. Read more.

D.C. Budget Drama: Along with its bill to avert a government shutdown Friday night, the Senate passed standalone legislation allowing D.C. to spend its full budget after the House-passed budget bill would have forced more than $1B in cuts. Now, Mayor Muriel Bowser is calling on the House, which is currently in recess, to act swiftly to pass the D.C. bill. Read more.

What Else Is Happening?

Turner Construction Launches VC Program For Sustainability-Focused Startups

Forever 21 Files For Bankruptcy, Will Close 359 Stores

DeepSeek May Have Been More Smoke Than Fire, But Panic Shows Data Centers Are 'Too Big To Fail'

Political Storm Clouds Loom Over MIPIM Amid Signs Of New Real Estate Cycle

The Finish Line

It’s the most wonderful time of the year … March Madness.

The brackets for the NCAA men’s and women’s basketball tournaments were released last night, and they feature a few D.C.-area teams. Maryland is a No. 4 seed in both the men’s and women’s tournaments. American University is a 16 seed in the men’s tournament, and George Mason is an 11 seed in the women’s tournament.

Our colleagues at the First Draft newsletter created a March Madness pool for Bisnow readers. Here’s the link to join. Do you have any of our local teams making a run in your bracket?

The D.C. Rundown is written by D.C. Reporter Emily Wishingrad and edited by Deputy East Coast Editor Jon Banister. We'd love your feedback and news tips: emily.wishingrad@bisnow.com and jon.banister@bisnow.com. We’re also on encrypted messaging app Signal at JBanister.82 and emilywishingrad.37.

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