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Posts Tagged ‘defense real estate’

Air Force Looks to Grow EUL Program

  • March 31, 2013
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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 …

House Panel Approves Bipartisan Measure to Accelerate Property Disposal

  • March 20, 2013
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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 …

Federal Agencies Directed to Streamline Real Estate Inventories

  • March 17, 2013
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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 …

Partners Work toward UAS Park at Grand Forks AFB

  • March 14, 2013
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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 …

Redstone Gateway Office Park Rises at Arsenal

  • March 12, 2013
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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 …

Apartments to Replace Barracks at Ft. Meade under Privatization Initiative

  • February 21, 2013
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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 …

Declining Budgets Reinforces Military’s Reliance on Industry, AFCEC Director Says

  • January 23, 2013
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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 …

Costs, Benefits of Federal EUL Programs Unclear, GAO Finds

  • January 22, 2013
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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 …

Air Force, Industry Talks Help Refine EUL, PPA Programs

  • January 21, 2013
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“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 …

Picerne to Build Army’s First Privatized Apartments for Single, Enlisted Personnel

  • December 19, 2012
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Picerne Military Housing on Tuesday announced today that it had closed on a $72 million public-private partnership deal to provide more than 1,400 junior enlisted, single soldiers garden-style apartments at Fort Meade, Md. The project is the Army’s first-ever privately-developed, on-post apartment community for unaccompanied junior enlisted soldiers …

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