Sustainability
Nation’s Greenest Office Markets: CBRE Report
The study found that institutional owners continue to seek green building certifications across the 30 largest metros of the U.S. Of all the properties surveyed, 10.3 percent have Energy Star labels while 4.7 percent are LEED certified.
Natixis Facilitates First “Green Bond” CMBS Deal
The firm issued the first green-specific tranche in a CMBS to refinance part of Ivanhoé Cambridge and Callahan Capital Properties’ $358.6 million acquisition loan for New York City’s 85 Broad St.
Transwestern, Rivion Partner in Sustainability
Formerly Transwestern Sustainability Services, the firm will provide consulting services to commercial real estate owners, users and operators globally.
New 7MW Solar Farm to Serve Dillon County
The solar development is anticipated to provide power to 1,500 homes and is slated to begin commercial operation by the fourth quarter of 2017.
YgreneWorks Exceeds $600M in PACE Financing
YgreneWork’s PACE program has helped finance approximately 29,000 completed contracts, the equivalent of $639 million allocated for energy efficiency, renewable generation and water conservation improvements.
Dominion Energy Adds to Its VA Solar Portfolio
The company acquired Clarke County Solar, a 10-megawatt solar array, and plans to purchase the 20-megawatt Cherrydale facility, presently under construction in Northampton County, Va.
World’s First Panda-Shaped Solar Farm Begins Operations
The 50-megawatt solar farm is the first phase of a 100-megawatt solar facility and was recently connected to the grid.
NYC Benchmarking Law Tracks Energy Efficiency
Starting with 2018, owners of buildings measuring 25,000 square feet and larger need to submit reports to EPA’s Energy Star Portfolio Manager.
Six Drivers for Tomorrow’s Hot Cities
While U.S. gateway cities will continue to be popular, many investors and developers will shift into second-tier and interior markets during the next decade.
Castellum Builds Sweden’s First WELL-Certified Building
The company’s investment is estimated at $41 million, including the acquisition of land for the property. The building dubbed Eminent, will offer around 103,000 square feet of office space.