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Posts Tagged ‘defense real estate’

SolarStrong Initiative Comes to Housing at Ft. Bliss, White Sands

  • November 16, 2012
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Up to 4,700 military homes will be outfitted with solar arrays at Fort Bliss, Texas, and White Sands Missile Range, N.M., starting in January, Balfour Beatty Communities and SolarCity announced this week. The project is the latest phase in SolarStrong, SolarCity’s five-year plan to build more than $1 billion in solar projects at up to 120,000 military homes across the nation. The 13.2-megawatt project is being developed under an equipment lease, primarily financed by Bank of America Merrill Lynch …

Development Team Closes on $25M Resort for EUL on Okaloosa Island

  • November 15, 2012
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The Emerald Breeze Resort Group acquired financing this week to construct a $25 million, 152-room Holiday Inn resort hotel in Fort Walton Beach on the Florida Panhandle. The Okaloosa Island project lies on Eglin Air Force Base property and is being developed under an enhanced use lease (EUL). Emerald Breeze Resort Group is a partnership between Gulf Coast-based Innisfree Hotels and the Poarch Band of Creek Indians. The general contractor and co-developer on the project is dck North America …

GSA Pushing Excess Properties to Market

  • November 12, 2012
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The General Services Administration is bolstering efforts to auction unneeded federal properties as part of a push to identify and dispose of surplus facilities. GSA is working with other agencies to accelerate the process of preparing unneeded properties for sale and moving them to market, reported Federal Times. Last year the agency sold 79 properties for $37 million, and this year it plans to surpass that pace …

‘Gang of Eight’ Continue Talks to Avoid Fiscal Cliff

  • October 10, 2012
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A bipartisan group of eight senators met Wednesday for the second day of a three-day session intended to craft a solution to the expiring Bush-era tax cuts and across-the-board spending reductions slated to occur at the beginning of next year. Aides have revealed little about the substance of the discussions among the “Gang of Eight,” but there is little expectation the group will announce shortly a detailed plan to replace the automatic budget cuts or overhaul the tax code …

New Air Force Agency to Transform Civil Engineering Support

  • October 2, 2012
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The newly launched Air Force Civil Engineer Center will help centralize, standardize and streamline the service’s core civil engineering activities, Air Force Civil Engineer Maj. Gen. Timothy Byers said Monday during the field operating agency’s activation ceremony at the former Kelly AFB in San Antonio. “From the major commands to the installations, civil engineers will take a more focused and centralized approach to installation management that prioritizes requirements across the service, aligns our scarce resources with the Air Force’s highest priorities, and minimizes the risk to airmen and the mission …

New Elementary School Opens at Ft. Riley

  • October 2, 2012
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The new Seitz Elementary School at Fort Riley, Kan., dedicated last month was funded through the Residential Communities Initiative program, the Army’s family housing privatization effort. Picerne Military Housing, the post’s RCI partner, was the project’s developer; the project’s other partner was Unified District 475 of Geary County Schools. This is the first time the partnership between Picerne and RCI has been used to build a school, which expedited the building process and allowed the school to open sooner …

Opposition Grows to Privatizing Exchanges

  • October 1, 2012
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The Coalition to Save Our Military Shopping Benefits — a group formed last year to fight legislative efforts to privatize military exchanges and commissaries, and eliminate their federal subsidy — has gained support from a handful of new organizations recently, reports CQ Weekly. The effort stems from a bill introduced by Sen. Richard Burr last year to privatize commissaries and exchanges. This year the coalition has been warning about the impact of sequestration, which it says could result in shorter hours or higher prices …

New Fiscal Year, New Air Force Agency to Handle Installation Support

  • September 30, 2012
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The Air Force is scheduled to hold a ceremony Monday morning in San Antonio to mark the merger of the service’s three civil engineering field operating agencies into a new organization responsible for installation support. The Air Force Civil Engineer Center merges the missions of the Air Force Real Property Agency and the Air Force Center for Engineering and the Environment with the Air Force Civil Engineer Support Agency in an effort to streamline operations and reduce manpower amid a climate of constrained funding …

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 …

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