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Posts Tagged ‘defense real estate’

Lawmakers Encouraged about Prospect of Moving Legislation to Shed Federal Properties

  • December 8, 2013
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A bipartisan push may be under way to enact legislation motivating the federal government to thin its portfolio of an estimated 14,000 unneeded properties. Multiple efforts since the beginning of 2011 to reform the process for federal property disposal have not advanced, but following a Capitol Hill roundtable last week featuring real estate experts and former federal officials, two lawmakers are eager to try again …

Lend Lease Hits Milestone for Community Development at Hickam Field

  • November 12, 2013
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Lend Lease Hawaii plans to undertake $44 million in major renovations to family housing projects on Oahu after it completes intermediate renovations in 2016. The news follows the firm’s announcement Friday that it completed $800 million in planned community development on Hickam Field at Joint Base Pearl Harbor-Hickam, reported Pacific Business News. The Hickam Communities project included building more than 1,200 homes, renovating more than 1,000 existing homes and constructing numerous community amenities. Hickam Communities also installed solar arrays on the homes’ rooftops with a potential for generating 4 megawatts of power.

Air Force Selects Team for Energy EUL at New Jersey Base

  • November 7, 2013
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The Air Force has selected the team of Starwood Siemens for an energy-based enhanced use lease (EUL) project at Joint Base McGuire-Dix-Lakehurst, N.J. Under the winning proposal — which includes lead developer Energy Management — three of six land parcels offered by the Air Force will be developed into various commercial energy ventures by a team made up of Starwood Energy Group, Siemens, Keenan Development Associates and CB&I, according to the Air Force Civil Engineer Center. Once lease term negotiations and environmental requirements are complete, the final lease document will be signed.

Carper, Coburn Point to GAO Report to Promote Bill Streamlining Property Disposal

  • October 27, 2013
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The chairman and the ranking member of the Senate Homeland Security and Governmental Affairs Committee underscored the findings of a new Government Accountability Office (GAO) report on the leasing of federal facilities to promote legislation intended to jump start the disposal of surplus buildings by the federal government. The GAO report calls on the General Services Administration (GSA) to improve how it operates leasing and capital planning programs by providing greater transparency and better management of high-value leases …

Grand Forks AFB to Sign EUL with County for UAS Technology Park

  • October 20, 2013
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The Air Force will sign an enhanced use lease (EUL) with Grand Forks County for the development of a business and technology park at Grand Forks Air Force Base designed to advance the development of unmanned aerial systems (UAS), North Dakota’s congressional delegation announced last week. The county is partnering with the Grand Forks Base Realignment Impact Committee and the Center for Innovation Foundation. Officials plan to sign the lease for the Grand Sky development, which will cover 217 acres, in December …

Judge Green Lights Lawsuits Alleging Mold in Military Housing

  • October 1, 2013
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A group of lawsuits claiming that mold in housing at three installations in southeastern Virginia is responsible for a variety of illnesses can proceed in federal court, a judge ruled last week. The ruling applies to cases filed by 11 plaintiffs covering residences managed by Lincoln Military Housing at Naval Station Norfolk, Joint Expeditionary Base Little Creek-Fort Story and Joint Base Langley-Eustis …

Corvias Closes on Continental Group of Air Force Bases

  • September 15, 2013
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Corvias Military Living assumed responsibility earlier this month for the development and management of family housing at six Air Force bases in a 50-year transaction involving more than 4,000 existing homes. The privatization project, valued at $455 million in total development costs, will provide new and renovated housing for 3,840 military families using only $87.2 million in government funding …

AFCEC Strategic Plan Spells out Agency’s Vision, Goals

  • September 9, 2013
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The Air Force Civil Engineer Center (AFCEC) will strive to provide “enterprise-wide solutions” to installations and the warfighter as it carries out its mission to sustain the service’s infrastructure, according to the first of three goals in the agency’s inaugural strategic plan. “We seek out opportunities to accelerate environmental restoration, restore useable acreage back to active-duty forces and unlock asset value through energy initiatives, leases or other public partnership engagements,” states the plan, titled “Battle Ready … Built Right …

Solar Project at New Jersey Base to Leverage Crowdsourced Funding

  • September 8, 2013
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A California company is using the Kickstarter model to attract financing for a project to outfit housing at Joint Base McGuire-Dix-Lakehurst in New Jersey with solar panels. Individuals can invest as little as $25 through Solar Mosaic’s website to help finance a 12.27-megawatt project intended to provide 30 percent of the power needs of service members and their families, reported the Daily Beast. The project will include 55,189 panels installed across 547 homes …

VA Uses EUL to Build Supportive Housing for Veterans at New York Medical Center

  • August 7, 2013
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The Department of Veterans Affairs is using an enhanced use lease to create housing for at-risk veterans and their families at the Canandaigua VA Medical Center in New York’s Finger Lakes region. Partnering with the VA on the $11.4 million project are the Finger Lakes Addiction Counseling and Referral Agency and Cazenovia Recovery Systems. Ohio-based KeyBank provided $5 million in Low Income Housing Tax Credit (LIHTC) equity to finance the project located on Cadence Square …

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