>Too much space (why all those meeting rooms?) and too many employees, probably, but it's hardly Ion Storm.

Keep in mind that space in DC is anything but cheap [1][2] and LS has some prime locations.

1: http://www.businessnewsdaily.com/2855-most-expensive-commerc...

2: http://www.inc.com/news/articles/2010/10/washington-dc-rents...