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Posts Tagged ‘defense real estate’

Unaccompanied Housing Project at Ft. Meade Presents Gamble for Corvias

  • July 25, 2013
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Last year’s decision by East Greenwich, R.I.-based Corvias Military Living to fund the entire $72 billion cost of building apartments for single soldiers at Fort Meade, Md., poses a degree of risk for the company, which until April was known as Picerne Military Housing. The project — garden-style apartments for more than 1,400 soldiers — is the Army’s first privately-developed, on-post apartment community for unaccompanied junior enlisted soldiers …

Congress, GSA Look to P3 to Tame Federal Real Estate Costs

  • July 24, 2013
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House lawmakers and federal officials believe public-private partnerships (P3s) are the key to helping the federal government dispose of excess properties as well as reduce its real estate costs. “The question is, can we provide that space in a more cost effective manner? P3s effectively used have the potential to help leverage private expertise in meeting those needs and developing and restoring agency properties,” said Rep. Lou Barletta …

Spending Bill Amendment Aimed at Underutilized Facilities

  • July 24, 2013
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Language adopted Tuesday by House lawmakers barring the Defense Department from spending money maintaining facilities it no longer uses is intended to eliminate wasteful spending, according to the office of Florida Rep. Patrick Murphy, who sponsored the amendment. The provision, approved during debate over the fiscal 2014 defense appropriations measure, is not targeted at installations closed through BRAC …

Air Force to Consider Offshore Drilling at Vandenberg

  • July 21, 2013
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The Air Force plans to study the feasibility of extracting oil and gas off the coast of Vandenberg Air Force Base in central California. If officials determine that extended reach drilling is feasible and is compatible with the base’s mission, the Air Force would enter into an enhanced use lease with a company interested in pursuing the production rights. The study, expected to take two to three months to complete, would assess the viability of using “slant drilling” to reach offshore oil deposits …

Resort Takes Shape on Florida Panhandle under EUL Program

  • July 18, 2013
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Construction crews are less than a year away from completing a resort on the Florida Panhandle being developed under an enhanced use lease (EUL) with the Air Force. The Holiday Inn Resort, which is scheduled to open in time for the spring 2014 vacation season, is being built on 17 acres of land on Santa Rosa Island owned by Eglin Air Force Base …

Policy Bill Language Could Boost Use of EULs

  • July 8, 2013
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Installation officials no longer would need to commit base support funding for administrative expenses associated with assessing potential enhanced use leasing (EUL) projects and managing the acquisition process to select a developer, under language included in the Senate version of the fiscal 2014 defense authorization bill. The provision, section 2811 of S. 1197, would allow installation officials to use the proceeds from EUL projects — as well as easements — to cover the administrative costs of launching and managing new projects, a change that could make it easier for officials to consider new EUL projects …

GSA Eager to Streamline Federal Property Footprint

  • June 20, 2013
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Dan Tangherlini, acting administrator of the General Services Administration (GSA), told lawmakers he’s eager to work with Congress to ease the process for disposing of excess property. “I think the three ingredients you need to cook anything up in Washington are there. You have a proposal from the administration, you have a version of the bill from the House and you have your own version of a bill here in the Senate …

GSA Seeks Offers to Restore Moffett Field Hangar

  • May 21, 2013
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The General Services Administration is expected to seek proposals shortly to restore and lease historic Hangar One at Moffett Field in northern California. GSA will rely on section 111 of the National Historic Preservation Act to free the winning developer from using the hangar for activities related to the mission of the NASA Ames Research Center, reported the Mountain View Voice. “Section 111 gives us unique authority,” said David Haase, branch chief of the GSA. “Unlike enhanced use leasing authority NASA has used in the past, this will allow tenants to use the property for any use [they] would want to see within [section 111]. Before partners would need to have some direct connection to NASA,” he said. GSA will also offer companies the option of operating the airfield.

Lend Lease Closes on Third Phase of Lodging Privatization Program

  • May 1, 2013
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Lend Lease Corp. closed on the third phase of the Army’s Privatization of Army Lodging program, securing $465 million in project debt to expand the initiative to 18 new posts, the international property and infrastructure group said Wednesday. Over the next eight years, Lend Lease will deliver 1,018 new Candlewood Suites brand hotel rooms and renovate 2,745 hotel rooms to Holiday Inn Express brand standards. The 18 installations under phase three cover about 3,800 hotel rooms throughout the United States …

Developer to Purchase Former Navy Hotel, Housing at Brunswick NAS

  • April 28, 2013
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A local developer plans to lease the hotel and bachelor housing at the former Brunswick Naval Air Station, Maine, to the Navy to house sailors assigned to nearby Bath Iron Works. George Schott has agreed to purchase the 248-room hotel and 190 bachelor apartments for $6 million, Steve Levesque, executive director of the Midcoast Regional Redevelopment Authority, told the Bangor Daily News. Scott previously purchased about 700 units of former housing at the air station, now renamed Brunswick Landing. The LRA initially hoped the former Navy hotel could continue to be operated as a hotel, but a feasibility study concluded the community could not support it. “The fact that [Schott] is going to use [the housing] for what it was initially designed for — to support sailors — is fine with us,” Levesque said.

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