IKEA Surpasses 85% Solar Presence at U.S. Locations
IKEA surpasses 85 percent solar power for its U.S. buildings. In other news, the U.S. Government Services Administration officially advocates sustainable building. JPMorgan Chase joins NYC Mayor's Carbon Challenge. And Partners Group invests in a green building alternative to Hong Kong Island's offices.
Hines Fund Sells Two Manhattan Buildings for Combined $1B
A subsidiary of Hines U.S. Core Office Fund L.P. selected an institutional fund managed by American Realty Advisors as the buyer of 499 Park Avenue, and institutional investors advised by J.P. Morgan Asset Management as the buyers of 425 Lexington Avenue.
Bernards’ New LEED Silver HQ Reflects California’s Green Building Push
California is often touted as the most environmentally progressive state in the nation—and given the state’s new Net Zero Energy (NZE) initiative, that isn’t surprising.
NZE status requires that buildings generate as much energy as they consume, without creating a carbon footprint. California’s goal is ambitious: the state aims to reach statewide NZE status for all new commercial buildings by 2030 and residential buildings by 2020.