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Posts Tagged ‘defense real estate’

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 …

Industry Prepares for Partial Sequestration

  • November 19, 2012
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The defense budget likely will not emerge unscathed from any deal that lawmakers and the White House reach to prevent the nation from going over the fiscal cliff, with many defense firms estimating the department will be forced to take a $25 billion hit to fiscal 2013 spending. “If they come up with a deal to avert sequestration, I think the defense portion of that deal will be cuts [at] about half the level that sequestration would require …

Army, Lend Lease Break Ground on Hotel at Ft. Hood

  • November 18, 2012
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Officials from Lend Lease (U.S.) Public Partnerships, InterContinental Hotels Group and the Army held a groundbreaking ceremony last week for a Candlewood Suites hotel at Fort Hood, Texas. The new 93-room, extended-stay hotel is designed to meet the needs of military travelers and will feature spacious studios or one-bedroom suites, fully-equipped kitchens and large work areas in each guest room …

SolarStrong Initiative Comes to Housing at Ft. Bliss, White Sands

  • November 16, 2012
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Up to 4,700 military homes will be outfitted with solar arrays at Fort Bliss, Texas, and White Sands Missile Range, N.M., starting in January, Balfour Beatty Communities and SolarCity announced this week. The project is the latest phase in SolarStrong, SolarCity’s five-year plan to build more than $1 billion in solar projects at up to 120,000 military homes across the nation. The 13.2-megawatt project is being developed under an equipment lease, primarily financed by Bank of America Merrill Lynch …

Development Team Closes on $25M Resort for EUL on Okaloosa Island

  • November 15, 2012
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The Emerald Breeze Resort Group acquired financing this week to construct a $25 million, 152-room Holiday Inn resort hotel in Fort Walton Beach on the Florida Panhandle. The Okaloosa Island project lies on Eglin Air Force Base property and is being developed under an enhanced use lease (EUL). Emerald Breeze Resort Group is a partnership between Gulf Coast-based Innisfree Hotels and the Poarch Band of Creek Indians. The general contractor and co-developer on the project is dck North America …

GSA Pushing Excess Properties to Market

  • November 12, 2012
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The General Services Administration is bolstering efforts to auction unneeded federal properties as part of a push to identify and dispose of surplus facilities. GSA is working with other agencies to accelerate the process of preparing unneeded properties for sale and moving them to market, reported Federal Times. Last year the agency sold 79 properties for $37 million, and this year it plans to surpass that pace …

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