NREI and Penton’s WealthManagement.com announced Dr. Raymond Torto, CBRE global chief economist, will be the lunchtime keynote speaker at the Commercial Real Estate/High Net Worth Investment Conference on Thursday, June 27.
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.
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.
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.
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?