What can a green lease do for tenants? According to Meaghan Farrell, vice president and LEED Green Associate with Jones Lang LaSalle in Chicago, the benefits are tenfold, and more. Implementing a green lease strategy is not overwhelming, but it must be undertaken through a careful process to assure maximum effectiveness, sustainable success and savings.
The health care sector is in the midst of its largest construction boom. According to Engineering News-Record’s 2011 analysis, this market is ranked No. 2 for green building. Inherent to the strong construction activity within healthcare are common initiatives such as reducing energy usage, leveraging the most advanced technologies, and implementing sustainability practices and standards. We visit just 10 of the many health care facilities that have turned green recently.
Retail investment sales in the first half of 2013 may have fallen short compared to year-ago levels (by 11 percent), but research firm Real Capital Analytics reports that the volume of transactions has been quite respectable.
Skanska resigned as a member of the U.S. Chamber of Commerce to protest the organization’s backing of an initiative to ban use of LEED for government buildings. In other news, Power REIT closed on the acquisition of 100 acres that supports over 20MW of utility-scale solar projects located near Fresno, Calif., for $1.6 million. Los Angeles flipped the switch for its CLEAN Los Angeles rooftop solar incentive program, the nation's largest. Chambers Street Properties announced that a two-building, five-story office property in Malvern, Pa., has earned LEED Silver certification. And IKEA has extended its partnership with ECOtality Inc. with plans to add 24 Blink electric vehicle charging stations at eight more U.S. locations.