Posts Tagged ‘defense real estate’

A measure to exempt military housing owned by the private sector from local property taxes has been steadily moving through both chambers of the Florida Legislature. On Thursday the legislation cleared the last of several House committees and now will go to that chamber’s floor. A version of the bill also has moved through multiple Senate panels, and is expected to be debated in that chamber this week …

Air Force officials have set a goal of realizing $5 billion in net present value through the service’s enhanced use leasing program by 2020. The net present value of existing EULs is an estimated $249.2 million, reports the Air Force Civil Engineer Center. The center also has 25 projects in different EUL development phases worth an estimated $696 million in net present value …

The House Oversight and Government Reform Committee on Wednesday approved a measure that would establish a five-year pilot program to expedite the disposal of the federal government’s most profitable surplus properties. H.R. 328, the Excess Federal Building and Property Disposal Act, would remove red tape and increase transparency by creating an online database for all property owned by the federal government …

The Office of Management and Budget is imposing a “Freeze the Footprint” policy on federal agencies designed to restrict the growth in their office and warehouse space. To avoid a net increase in their real property assets, compared to a fiscal 2012 baseline, agencies will be encouraged to pursue more co-locations and consolidations while selling off unneeded properties …

Northrop Grumman has committed to be an anchor tenant at an enhanced use leasing project focused on unmanned aerial systems technology and training at Grand Forks Air Force Base that a partnership composed of multiple groups is working toward. The company would join the Grand Forks Base Realignment Impact Committee, University of North Dakota, UND Aerospace Foundation and Northland Aerospace Foundation to lease space at the installation in northeastern North Dakota from the Air Force …

Two years after breaking ground on Redstone Gateway, the enhanced use leasing project at Redstone Arsenal in Huntsville, Ala., is starting to take shape — the office park’s first building is complete and two more are under construction. The development team — Corporate Office Properties Trust and Jim Wilson and Associates — now is moving toward a lease agreement with the project’s first major tenant, Boeing, which will occupy 363,000 square feet in a three-building office complex …

The Army and its partner Picerne Military Housing held a groundbreaking Wednesday at Fort Meade, Md., for the service’s first privately built, garden-style apartment complex designed for unaccompanied junior enlisted personnel. The $72 million project is intended to relieve the shortage of barracks on-base for junior enlisted personnel and save some of the 1,300 single service members at Fort Meade who live off post from commuting …

With funding expected to be constrained for the foreseeable future, the Air Force Civil Engineer Center increasingly is looking to the private sector to help the service’s installations meet their environmental remediation, renewable energy development and maintenance needs, Center Director Joe Sciabica wrote this week in a commentary. “We can no longer count on consistent and predictable funding to meet our sustainability needs …

While federal agencies report a variety of benefits from their enhanced use leasing programs — more efficient use of underutilized property, a new stream of revenue and enhanced mission activities — the net benefits are not clear since some agencies do not report all costs associated with their EUL programs, according to a new report from the Government Accountability Office. For example, the Department of Veterans Affairs and the State Department do not consistently attribute the costs of consultant staff who administer the leases, and VA does not attribute various administrative costs that offset EUL benefits …

“Early communication” between the Air Force and prospective developers about upcoming projects that rely on either enhanced use leasing (EUL) or power purchase agreements (PPAs) is key to ensuring the success of those ventures by reducing the chances that unexpected hurdles will slow their progress. That observation was one of many that resulted from a partnership discussion among Air Force officials, developers and community leaders held last week during ADC’s Installation Innovation Forum in San Antonio …