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Posts Tagged ‘defense real estate’

Public-Private Projects Should Be Accounted for in BRAC Analysis, GAO Recommends

  • April 18, 2013
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In a review of the impact of the growing number of privatization projects on military installations, the Government Accountability Office concluded that future base closure rounds would benefit from the Defense Department providing more comprehensive information about the potential costs created when DOD terminates project agreements with the private sector. The congressional watchdog agency found that the department likely would incur liabilities following a BRAC round for renewable energy and privatized utility projects on affected installations …

Senate Report Criticizes Planned Housing Privatization Project in Korea

  • April 17, 2013
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Pentagon spending to support a permanent military presence in Germany, South Korea and Japan is subject to little oversight and rising faster than anticipated, according to a report released Wednesday by the Senate Armed Services Committee. Nearly 70 percent of the $10 billion DOD spends on overseas installations goes to facilities in those three countries. The committee’s review looked at how the burden of costs is shared between the United States and its allies, the impact of planned posture changes on those costs, and the spending and oversight of foreign governments’ in-kind payments used for military construction projects …

Reforming Federal Property Disposal Still a Priority of Congress, White House

  • April 9, 2013
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Despite recently auctioning off a high-profile property in Northwest Washington, D.C., the federal government still has a way to go in its effort to streamline the process for agencies to dispose of excess properties. Last month a development team submitted the winning bid of $19.5 million to purchase the Georgetown West Heating Plant, a vacant property over the past decade that has cost $3.5 million in annual upkeep. Still, only a minority of the savings made in response to President Obama’s initiative to cut real estate spending has come from getting rid of some of the federal government’s 14,000 excess properties …

Lend Lease Closes on Fourth Phase of Construction at Carolina Marine Corps Bases

  • April 2, 2013
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Lend Lease is set to start construction of new homes and other facilities after closing Monday on $78.9 million in government funding for phase four of its housing privatization project covering Marine Corps installations in four states. Much of the new construction under phase four for Atlantic Marine Corps Communities LLC — the 50-year partnership between Lend Lease and the Navy — will take place at Marine Corp Base Camp Lejeune, N.C. …

Florida Legislature to Debate Bill to Exempt Base Housing from Local Taxes

  • March 31, 2013
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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 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 …

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