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Posts Tagged ‘defense real estate’

Groups Continue Negotiations over Managing Federal City Project

  • September 28, 2012
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The New Orleans Federal Alliance and the Algiers Development District so far have been unable to reach an agreement over jointly managing the Federal City project, a public-private development located at the former Naval Support Activity New Orleans. On Monday, the Algiers board agreed to send NOFA a new version of a proposed cooperative endeavor agreement for overseeing the mixed-used development anchored by the 29-acre Marine Corps Support Facility New Orleans …

Credit Rating Agency Revises Criteria for Military Housing

  • September 24, 2012
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Fitch Ratings, one of the major credit rating agencies, last week updated its criteria for rating military housing bonds. Fitch has identified five key rating drivers that affect the credit quality of military housing bonds: basic allowance for housing and occupancy, existing unit cash flow, meeting project construction schedule, BRAC and base essentiality …

Navy Cancels Saufley Field EUL

  • September 13, 2012
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The Navy has terminated ongoing negotiations with a developer over an enhanced use lease that would have turned 104 acres at Saufley Field into a research/business park due to the cost of moving several facilities to nearby Naval Air Station Pensacola on the Florida Panhandle. The Navy would need to move three commands at Saufley, an effort which would require costly renovation of buildings at the naval air station, for the effort to go ahead …

Aberdeen Housing Relies on Civilian Residents

  • September 13, 2012
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Only a little more than half of the family housing at Aberdeen Proving Ground in northeastern Maryland is occupied by active members of the military, a direct consequence of the installation’s shift from a training base to a research and development mission largely staffed by civilians. Civilian federal workers and military retirees are living in 44 percent of the facility’s occupied homes, according to Picerne Military Housing, the Army’s housing privatization partner …

Los Angeles VA Campus Profits from Leases to Unrelated Tenants

  • September 11, 2012
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The Veterans Affairs Medical Center in west Los Angeles has generated at least $28 million in rental income over the last dozen years from a variety of enterprises unrelated to helping veterans, including a baseball stadium for UCLA and a laundry facility for Marriott Hotels, reports NPR. The 400-acre medical center is able to skirt legislation preventing it from leasing property by “sharing” it, according to NPR, which estimated its rental income could be even higher than $40 million …

Community Group Challenges Navy’s Broadway Complex

  • September 11, 2012
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An environmental group on Monday planned to file a lawsuit in federal court blocking the Navy’s plan to redevelop the Broadway Complex on the San Diego waterfront. The goal of the Navy Broadway Coalition is to alter the Navy’s plan to build a new headquarters, primarily by providing more open space and fewer hotels, reported KPBS Radio. The Navy reached an agreement with a local developer in 2006 to build it new offices in exchange for a 99-year lease to develop the waterfront property, meeting a deadline imposed by the 2005 BRAC Commission for avoiding closure of the site …

Arduous Road to Streamlining Disposal Process for Civilian Properties

  • September 11, 2012
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The path to a streamlined process for disposing of thousands of unneeded federal properties while raising billions in government revenue is filled with a variety of roadblocks, including competing legislative proposals, opposition over an exemption to a rule intended to benefit homeless groups and overly optimistic valuations of surplus buildings. Later this month, the Senate is expected to debate a proposal introduced by Thomas Carper (D-Del.) that would establish a five-year pilot program for agencies to eliminate excess properties, reports CQ Today …

Robyn Could Jump Start GSA Effort to Shed Excess Properties, Panel Chairman Says

  • September 6, 2012
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The leading proponent of legislation that would create a civilian BRAC commission to expedite the disposal of thousands of unneeded federal properties is pushing the General Services Administration to adopt his proposal, citing this week’s appointment of Dorothy Robyn, DOD’s installations chief, to commissioner of GSA’s Public Buildings Service as a possible first step toward that goal. “We are hopeful that Dr. Robyn’s experience working with the DOD’s BRAC process will encourage greater innovation and cost efficiency within the GSA by utilizing CPRA [Civilian Property Realignment Act] to streamline the process and ensure the effective and efficient sale or consolidation of these properties …

Lend Lease to Convert Ft. Knox Neighborhood to Energy-Efficient Light Bulbs

  • September 5, 2012
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The Oak Park neighborhood at Fort Knox, Ky., will become the largest residential LED community in the world after Lend Lease replaces the lighting in 164 homes with energy-efficient light bulbs, the developer announced Wednesday. Lend Lease, the Army’s family housing privatization partner at Fort Knox, will work with PolyBrite International to install more than 9,500 Borealis LED light bulbs in the neighborhood by the end of October. The retrofit is expected to reduce the community’s annual energy costs by $34,000 …

In Wake of 2010 Tornado, Replacement Housing at Ft. Leonard Wood includes Safe Rooms

  • August 30, 2012
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Fort Leonard Wood officials plan to hold a ribbon cutting in November for up to 20 homes built to replace those demolished by a tornado that struck central Missouri on the last day of 2010. Each of the new homes — part of Balfour Beatty Communities’ privatized housing project at Leonard Wood — will have a safe room capable of withstanding a 250-mile-per-hour, three-second burst of wind along with the impact of a 15-pound, two-by-four piece of wood moving at 100 miles per hour horizontally …

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