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The Maryland Green Building Council recommended a broad and deep expansion of green building leasing by state government and the Maryland Department of General Services has agreed to enlarge what is a “high performance building” for the purposes of state government leasing. public private partnerships are the de rigueur).
LEED Commercial Interiors projects present the best single opportunity for greening buildings. million existing commercial buildings in the United States today. million existing commercial buildings. greater than 80% exist in rented space within those existing commercial buildings. The proof is in the numbers.
I’ll say it again, 2010 was a rebuilding year for the commercial construction industry. So I’ve created a commercial construction checklist for what we considered the highs and lows of 2010 commercial construction trends. Low – Green building. There are still far too many distressed commercial properties on the market.
Look for a solid increase in commercial construction renovations verses new locations, which should hold especially true with new retail construction. 2. Green is Gold. Green buildings across all commercial construction sectors will continue to gain in popularity. According to the Dec. And as stated in No.
First of all, the time frame for leasing and building out a space – whether a dispensary or cultivation facility – is often dictated by when new laws around marijuana usage go into effect. The post Cannabis Retail Construction: How to Navigate the Green Rush first appeared on Hard Hat Chat.
As more building owners, managers, and tenants incorporate environmental stewardship and sustainability into their real estate operations, the concept of greenleasing has moved into the mainstream. A greenlease can cover fit-out materials, energy consumption, waste disposal, office equipment energy usage, and more.
Observations and Conversations about Commercial Construction, Development and Management. I get asked a lot about commercial construction trends. I get asked a lot about commercial construction trends. Each municipality brings its own costs, and different market cycles bring different lease rates.
As ever larger numbers of green buildings are bought and sold, due diligence related to the green features of commercial buildings takes on an increasing importance. Green Building Council, was also a co-originator of Phase I ASTM standard. It is curious that Mike Italiano, one of the three founders of the U.S.
Commercial real estate may be the best ESG supply chain opportunity. It offers a positive that the supply chain contract, the lease, is in writing. LEED, Green Globes and other third party verified green building rating systems provide certainty able to satisfy the E (environmental) in ESG for many organizations.
Our new office is bigger, brighter, more energy efficient and centrally located to our staff and Chicago commercial construction projects. And because we were our own client, we were only limited in our design build capabilities by our imagination and a little thing called a commercial construction budget. Don’t design in a silo.
It may well be commercialleasing will elevate blockchain in the marketplace ahead of deeds because leasing transactions do not require involvement of a government registrar. And progressive owners of green buildings and the like will all but certainly be at the forefront of this technological revolution.
But commonly, residential solar panel leases provide language similar to, You agree that the solar panel system is the Company’s personal property under the Uniform Commercial Code. You understand and agree that this is a lease and not a sale agreement. The Company owns the solar panel system for all purposes.
Regency Centers Corporation, a publicly traded REIT, completed the sale of $250 million of “green building bonds” on May 14, 2014. ” Only days before the green building bond sale, on May 12, 2014, Regency was honored by the U.S. Green building bonds are a new investment vehicle in the U.S.
Earlier this month, while few people were watching, the 20,000th LEED commercial project was certified! In the event you missed the huge happening on December 4th, it is a LEED 2009 Commercial Interior Certified project in Knoxville, Tennessee. Green Building Council and the existing built environment.
We are increasingly called upon to give legal opinions that a green building is LEED certified, ‘certifiable’ or otherwise really a green building. One might ask why they need an opinion from a lawyer that their building is green? a mortgage) a green building. ASHRAE 189.1
This law firm is increasingly called upon to give legal opinions that a green building is LEED certified, certifiable or otherwise ‘really’ a green building. One might ask why the need for an opinion from a lawyer that a building is green? The opinion we are most often asked to render is required by a lender.
This law firm is increasingly called upon to give legal opinions that a green building is LEED certified, certifiable or otherwise ‘really’ a green building. One might ask why the need for an opinion from a lawyer that a building is green? The opinion we are most often asked to render is required by a lender.
If solar panels are installed on the property, Buyer is advised to inquire about the terms under which the solar panels were installed, how to transfer the ownership or lease, and any costs associated with the transfer. You understand and agree that this is a lease and not a sale agreement.
But commonly, residential solar panel leases provide language similar to, You agree that the solar panel system is the Company’s personal property under the Uniform Commercial Code. You understand and agree that this is a lease and not a sale agreement. The Company owns the solar panel system for all purposes.
Green buildings generate large quantities of data. In an age when many have opinions about Edward Snowden’s disclosures, foreign state sponsored hacking, and Uber’s massive customer data hack, most people have not considered matters of data protection from their real estate, green building or otherwise. Others collect building data.
Just recently here at Wolfe Law Group , I had a client come to me with some ownership issues involving leases. Typically after a construction project is complete, especially in the commercial realm, there will be a lease of some type. The Louisiana Civil Code has an entire section on leases which starts with article 2668.
Despite that a frog told us all in a song lyric, “it’s not easy bein’ green,” it is easy to buy a green building, but. And there are many good reasons for purchasing a green building that is LEED Certified. LEED gave us the technologies and methodologies revolutionizing the way we construct and occupy buildings.
The potential applicability of the BFPP protection for a tenant who leases contaminated or formerly contaminated real estate and improvements has been the subject of debate for the decades since the CERCLA’s enactment. Phase l ESAs will now become much more common in commercial and industrial leasing.
The bill amends the Energy Independence and Security Act of 2007 to require the Department of Energy to “study” the feasibility of improving energy efficiency in commercial buildings through the design and construction of spaces with high-performance energy efficiency measures. Such is close enough for government work.
The potential applicability of the BFPP protection to a tenant who leases contaminated or formerly contaminated real estate has been the subject of debate for the decades since the CERCLA’s enactment. economy, when in any given year the vast majority of real estate transactions are leases and not contracts of sale. . § 9601 et seq.,
of Energy will spend $9 million to encourage investments in energy-saving technologies that can be tested and deployed in offices, shops, restaurants, hospitals, hotels and other types of commercial buildings. Examples include: • Greenleases that help building owners and lessees save money. read more.
The majority of our work in reviewing Phase I Environmental Site Assessments is for lenders across the country, much of that undertaken by a non law subsidiary of this law firm, but the fastest growing segment in this space, by far, is Phase Is for commercial tenants. 9601 et seq.,
The change is significant for buildings pursuing LEED or Green Globes certification, for buildings with GSA or other government space leases tied to an ENERGY STAR score of 75, for buildings in cities with mandatory benchmarking, and for the more than 450,000 commercial properties that have an ENERGY STAR score.
The potential applicability of the BFPP protection to a tenant who leases contaminated or formerly contaminated real estate and improvements has been the subject of debate for the decades since the CERCLA’s enactment. Phase l ESAs are now becoming much more common in commercial and industrial leasing.
Canary Wharf Group and Kadans Science Partner have secured planning approval from Tower Hamlets Council for a new commercial health and life sciences building. The 23-storey tower will provide 823,000 sq ft of of life sciences laboratories and workspace at the North Quay site next to Crossrail Station and new Elizabeth Line at Canary Wharf.
In another high profile application, Walmart just announced it is requiring suppliers of leafy green vegetables upload growing and shipping data to blockchain by September 2019. Cryptocurrency is only one (. although a high profile one) of an untold number of applications of blockchain. There is no requirement for a cryptocurrency (.
PACE state enabling statutes generally authorize local governments to engage private sector lenders to provide upfront low interest financing to commercial property owners for energy efficiency, water conservation and renewable energy projects (e.g., million existing commercial buildings in the U.S. So, what is wrong?
The Department of Energy says that there are active commercial (as opposed to residential) PACE programs in at least 9 states and DC and enabling laws enacted or programs in development in another 23 states. Commercial PACE programs are still very new. Maryland is typical.
Property assessed clean energy (PACE) programs, where payments for energy efficiency, water conservation and renewable energy improvements to commercial real estate are made through a building owner’s property tax bill are beginning to hit their stride. There were not similar concerns expressed about commercial loans.
Maryland residents may be eligible for a one time excise tax credit, up to $3,000.00, when they purchase or lease a qualifying plug-in electric vehicle through June 30, 2017. The rebate is 50% of the purchase and installation price capped for residential at $900, commercial at $5,000, and for retail service stations at $7,500.
A properly drafted Phase I can create huge dollar advantages serving as a marketing piece in an associated real estate transaction, be it a sale, a lease or a loan secured by real estate or., And in another blog post last month, I wrote, I Just Read my 1000 th Phase I Environmental Site Assessment this Year.
Office Buildings Engineers M/E/P Systems Reconstruction & Renovation Resiliency Sustainable Design and Construction The trend toward building electrification in commercial properties with a view toward decarbonization is increasingly at the forefront of the effort to mitigate climate change.
million to the University of Maryland to create a green energy research center. The goal of the Green Energy Institute—a collaboration between the University of Maryland Energy Research Center (UMERC) at the A. The new green energy research facility is the centerpiece of Gov. T he Maryland state legislature has allocated $7.5
This positive Gigaom posting puts the venture capital and “green building” initiative aspects into focus: Honest Buildings , a startup that aggregates information about buildings’ energy use and green characteristics, raised its first round of venture funding led by RockPort Capital and Mohr Davidow Ventures.
Carving out or adding a glass-enclosed area with couches and movable partitions creates a venue space that can convert between more intimate gatherings to larger functions, or even be leased to a local retailer or host rotating pop-up shops. was built before the start of the 21st century.
Key Incentives: Commercial Patent Incentives Tax Credit, Linked Deposit Loan, Film Industry Investment Act, “Five-For-Ten” Program. At cost” building construction and lease back. Buy down of lease cost on constructed facility. Free rent during initial phase of lease on building. GDP (All Industry 2010): $66.8
If GSA, as the “landlord of the federal government,” were to require or use something else, it would add cost to the building and leasing process across the building industry. 2 B Green Profitably. Airco Commercial Services, inc. Alabama Green Building Solutions & SLS Construction. Cascadia Green Building Council.
Plumbing Commercial Plumbing. Green Geothermal. Green Mechanical Awards. Prior to moving into the new plant this Spring, Bradley leased a smaller manufacturing facility in Milwaukee. Digital Issue. Back Issues. Newsletters. Contact Us. Plumbing Contractor. Residential Plumbing. Wastewater. Piping Fire Sprinklers.
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