Southern California Green Real Estate Blog

SEE…DOE…HUD…DOT…EPA…NGA… IS BIG BROTHER WATCHING? SOCIALIZING URBAN DEVELOPMENT IN THE UNITED STATES

By Jodi Summers

Loyal readers of this blog are well aware that the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Transportation (DOT) are working together in hopes of helping American families gain better access to affordable housing, more transportation options, and lower transportation costs by creating affordable, sustainable communities.

Taking further steps in that direction, more government agencies are getting involved to attempt to make our new millennium existence easier all around. The U.S. Environmental Protection Agency (EPA) and the Department of Energy (DOE) have formed the State Energy Efficiency (SEE) Action Network to help states achieve the maximum cost-effective energy efficiency improvements possible in offices, buildings, industries and homes by 2020.

SEE…DOE…HUD…DOT…EPA…that’s a lot of government agencies making sure cities develop in the “proper” manner…socialized urban growth.

But, oops we wander, back to SEE…under the oversight of the EPA and the DOE, SEE will work with representatives from state and municipal governments, business leaders, public utility commissioners and others to make life in this country of energy efficiency for all.

The group plans to work from the framework set by the National Action Plan for Energy

Efficiency Vision for 2025, which was laid out in 2006…only the new goal is to make it a 2020 initiative…following the model set forth by California. You know AB 32 - California’s landmark 2006 global warming initiative.

(Not only has AB 32 been adopted by the Obama Administration, the International Code Council announced the state’s newly adopted Green Building Standards Code will serve as a foundation for commercial buildings worldwide AND California participated in the launch of China’s first GHG emissions registry. When his term comes to an end in November, Arnold Schwarzenegger should follow in the steps of former Vice President Al Gore in becoming a champion for energy programs that influence national and international policies…perhaps even work warmly with Mayor Antonio Villaraigosa on Los Angeles’ 30/10 initiative…ah but we dream….)

SEE will offer technical assistance, and help with specific policy and program issues to advance energy efficiency efforts. Efforts may include financing solutions, residential efficiency programs and improving availability of energy usage information, etc…

Already the DOE and EPA have a request list that includes 32 state public utility commissions wanting assistance with energy efficiency programs.

SEE…DOE…HUD…DOT…EPA…and don’t forget the NGA…the National Governors Association is another national agency championing states with energy efficiency efforts.

Earlier this year, the National Governors Association Center for Best Practices selected six states - Colorado, Hawaii, Massachusetts, North Carolina, Utah and Wisconsin - to participate in the organization’s Policy Academy on State Building Efficiency Retrofit Programs.

The academy, funded by the DOE (you remember them, working with DOT among other liaisons…), is designed to help states develop strategies and action plans to improve the energy efficiency of existing building and reduce costs and emissions.

SEE…DOE…HUD…DOT…EPA…NGA… is Big Brother is watching?

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http://www.businessgreen.com/business-green/news/2257243/agencies-action-buildings

http://www.socalgreenrealestateblog.com/?p=691

http://www.socalindustrialrealestateblog.com/?p=434

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REAL ESTATE RETROFITTING STATISTICS

Edited by Jodi Summers

* Residential and commercial buildings consume 40 percent of the energy and represent 40 percent of the carbon emissions in the United States. Building efficiency represents one of the easiest, most immediate and most cost effective ways to reduce carbon emissions and save money on energy bills while creating new jobs.

* Existing techniques and technologies in energy efficiency retrofitting can reduce energy use by up to 40 percent per home and lower total associated greenhouse gas emissions by up to 160 million metric tons annually.

* Residential and commercial retrofits also have the potential to cut energy bills by $40 billion annually.

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http://www.energy.gov/news/8870.htm

http://www.matternetwork.com/images/Matter/house_insulation_installation_3251.jpg

http://apolloalliance.org/wp-content/uploads/2010/04/evergreen_solarmed2.jpg

http://content.usatoday.com/communities/greenhouse/post/2010/04/white-house-awards-452-million-to-retrofit-homes-businesses/1

TWO SOCAL BUILDINGS ARE EPA EFFICIENCY CONTEST FINALISTS

By Jodi Summers

The U.S. Environmental Protection Agency (EPA) has picked 14 commercial buildings for their first national energy efficiency contest – and two of the finalists are in Southern California. Kudos to the Courtyard by Marriott San Diego Downtown - San Diego, CA and JCPenney Store # 1778 - Orange, CA will be competing with 12 other commercial structures around the country to best streamline their energy usage and be heralded the winner.

Two hundred buildings entered the competition, which will run through October 26, 2010. Fourteen finalists were chosen for undisclosed reasons. (Meet the contenders @ http://www.energystar.gov/index.cfm?fuseaction=buildingcontest..contestants)

Each entrant was tagged with an energy use intensity (EUI) number portraying the building’s energy use. A building’s EUI is calculated by taking the total energy consumed in one year (measured in kBtu) and dividing it by the total floorspace of the building. The winner is the one who lowers their EUI by the greatest percentage. Obviously a candidate such as the Van Holten Primary School - Bridgewater, NJ (EUI 150) will use relatively little energy (particularly when school’s out) compared to the Solon Family Health Center in Cleveland, OH (EUI 318) or an office building 522 5th Avenue - New York, NY (EUI 242) . Each building will be judged on the percentage of reduction they achieve in their EUI.

The nominees will measure and track their building’s monthly energy consumption using Portfolio Manager, the EPA’s online energy tracking tool. The building that demonstrates the greatest percentage-based reduction through October 26^th will be recognized as the winner.

Now, a little about our local contestants -

The team name for the Courtyard by Marriott San Diego Downtown is “Money in the Bank” – appropriately named because the hotel is located in the historic San Diego Trust & Savings Bank building in the city’s Gaslamp district. Ten years ago, the building went through a spectacular adaptive reuse, transitioning from a bank and office building to the Courtyard by Marriott Downtown San Diego hotel with 245 guest rooms. The 1920s bank building has guest rooms and common areas retrofitted with efficient sensors and technology. The hotel lists four reasons why it is important for it to save energy, money, and reduce greenhouse gas emissions: 1) Its guests expect it, 2) Its owners require it, 3) Its employees know it is the right thing to do, and 4) It owes it to their community. MSD’s starting EUI is 162.

JCPenney Store # 1778 - Orange, CA is calling their crew the Orange Power Rangers. That JCPenney Store opened in 1977. The store covers 100,853 gross square feet with a net sales floor space of 69,723 square feet. The Orange store is part of a group of 63 JCPenney stores that participate in the company’s Advanced Energy Management (AEM) Program, which focuses on energy awareness on both the facility maintenance and store associate level. With the help of an Interval Data Recorder (IDR) meter, the energy usage of this store is monitored on a next-day basis, and daily store energy use reports for all associates to see. JC Penny Orange is already using 35% less energy than it was last year. 1778. Their starting EUI: 165

Good luck to all of the finalists, may you make the world a better place. Btw, does anyone else know what the winner gets, other than a trophy and/or plaque to proudly display?

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http://www.energystar.gov/index.cfm?fuseaction=buildingcontest.contestants

http://www.bustler.net/index.php/article/14_finalists_picked_in_epas_national_building_competition/

http://www.energyboom.com/emerging/epa-and-energy-stars-new-national-building-competition?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A%20energyboom%20%28EnergyBoom%20Daily%20Briefing%29

http://blog.syracuse.com/storefront/2009/09/large_penney.JPG

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THE GOVERNMENT HAS $42 BILLION FOR GREEN REAL ESTATE

By Jodi Summers

Experts have calculated that the Obama administration has put together more than 30 programs worth $72 billion that can be used to increase energy efficiency in commercial buildings and multifamily housing.

“The Obama Administration has tremendous, untapped opportunities to use legal tools already at its disposal to enhance the energy efficiency and sustainability of the nation’s multifamily and commercial buildings — all without seeking new funds or authority from Congress,” observes a report prepared by Van Ness Feldman. “All told, the programs identified in this report have the potential to directly provide or facilitate over $72 billion in funding or loan guarantees, and can leverage hundreds of billions of dollars in private investment through instruments such as mortgage insurance and regulation of the real estate lending market.”

Titled “Using Executive Authority to Achieve Greener Buildings: A Guide for Policymakers to Enhance Sustainability and Efficiency in Multifamily Housing and Commercial Buildings,” the legal analysis, suggests several ways the Obama administration can use existing programs to enhance building efficiency:

* Reforming appraisal and underwriting practices at Fannie Mae and Freddie Mac Greening federal banking regulations

* Promoting flexible FHA insurance products

* Integrating energy efficiency and sustainability criteria into competitive grants and funding formulas

* Strengthening minimum property standards for federal housing and economic development programs to reflect energy efficiency and sustainability standards

* Improving performance standards applicable to federal buildings and leases

* Refining guidance applicable to the energy efficient commercial buildings tax deduction and the national historic preservation tax credit

* Using SBA funding mechanisms to support small business energy efficiency investments

* Streamlining Title 17 loan guarantees to make them suitable for buildings

“As an early adopter of green buildings and the LEED green building certification system, the federal government has been a leader in bringing green buildings to cities and towns across America,” said Roger Platt, the USGBC’s senior vice president of Global Policy & Law declared. “This new report unveils an even larger opportunity for the Obama Administration to increase our nation’s energy efficiency, while creating thousands of jobs and saving taxpayers money.”

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http://www.usgbc.org/government

http://www.greenbiz.com/news/2010/04/30/obama-already-has-72b-tap-green-buildings-study-says

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LOS ANGELES IS AWARDED $30 MILLION FOR RETROFITTING REAL ESTATE

By Jodi Summers

All the banter that Los Angeles mayor, Antonio Villiarigosa has been causing in Washington with his green / energy saving ideas for Los Angeles are paying off. Recently, Vice President Biden announced that Los Angeles County was awarded $30 million to “ramp-up” energy efficiency building retrofits.

Los Angeles was one of 25 communities selected to receive a slice of $452 million in Recovery Act funding under the Department of Energy’s Retrofit Ramp-Up Initiative. The initiative promotes the concept that communities, governments, private sector companies and non-profit organizations will work together on pioneering and innovative programs for concentrated and broad-based retrofit projects.

A simple example of how the Retrofit Ramp-Up Initiative would work would be to have the same construction crew upgrade all the homes on the same block at the same time. The White House notes that this way of doing business, “…Saves contractors time and money. They can pass the savings on to their customers. And it’s just a much more efficient way to operate.”

Biden said the program, part of $80 billion in the Recovery Act for a clean energy economy, will help consumers save money on their energy bills, lower greenhouse gas emissions and create green jobs.

The models created through this program are expected to save households and businesses about a $100 million annually in utility bills, while leveraging private sector resources, to create what funding recipients estimate at about 30,000 jobs across the country during the next three years.

“Investing in retrofits is a triple win,” Vice President Biden observed, adding the program will result in retrofits for hundreds of thousands of U.S. homes and businesses over the next three years.

“This initiative will help overcome the barriers to making energy efficiency easy and accessible to all – inconvenience, lack of information, and lack of financing,” said Energy Secretary Steven Chu. “Block by block, neighborhood by neighborhood, we will make our communities more energy efficient and help families save money. At the same time, we’ll create thousands of jobs and strengthen our economy.”

In addition to the $452 million Recovery Act investment, the 25 projects will leverage an estimated $2.8 billion from other sources over the next 3 years to retrofit hundreds of thousands of homes and businesses across the country. The government noted gleefully, that the program funding was eight times oversubscribed, with more than $3.5 billion in applications received for the just over $450 million in Recovery Act funds available, (kind of like applying for UCLA). That puts it in course for additional investment in energy-saving and job-creating projects like these nationwide.

Retrofit Ramp-Up Awards

The following governments and non-profit organizations have been selected for Retrofit Ramp-Up awards. These projects are planned to begin in fall 2010. Final award amounts are subject to negotiation:

Austin, Texas - $10 million

Boulder County, Colorado - $25 million

Camden, New Jersey - $5 million

Chicago Metropolitan Agency for Planning - $25 million

Greater Cincinnati Energy Alliance, Ohio - $17 million

Greensboro, North Carolina - $5 million

Indianapolis, Indiana - $10 million

Kansas City, Missouri - $20 million

Los Angeles County, California - $30 million

Lowell, Massachusetts - $5 million

State of Maine - $30 million

State of Maryland - $20 million

State of Michigan - $30 million

State of Missouri - $5 million

Omaha, Nebraska - $10 million

State of New Hampshire - $10 million

New York State Research and Development Authority - $40 million

Philadelphia, Pennsylvania - $25 million

Phoenix, Arizona - $25 million

Portland, Oregon - $20 million

San Antonio, Texas - $10 million

Seattle, Washington - $20 million

Southeast Energy Efficiency Alliance - $20 million

Toledo-Lucas County Port Authority, Ohio - $15 million

Wisconsin Energy Conservation Corporation - $20 million

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http://www.energy.gov/news/8870.htm

http://www.whitehouse.gov/the-press-office/vice-president-biden-kicks-five-days-earth-day-activities-with-announcement-major-n

http://content.usatoday.com/communities/greenhouse/post/2010/04/white-house-awards-452-million-to-retrofit-homes-businesses/1

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GREEN REAL ESTATE – GOOD FOR CALIFORNIA, GOOD FOR THE COUNTRY?

By Jodi Summers

Once again, when it comes to green, what’s good for California tends to become good for the country. The US Environmental Protection Agency and the Department of Energy have formed an action group to help states achieve the maximum cost-effective energy efficiency improvements possible in offices, buildings, industries and homes by 2020. Dubbed the State Energy Efficiency (SEE) Action Network, they are seeking to create a national version our statewide CALGREEN building code.

The CALGREEN Code was devised California Building Standards Commission is setting minimum green-building criterion that may, at the discretion of any local government entity, be applied.

“You will have a whole bunch of cities that never would have included this in their building doing it, and doing it in a way that won’t kill the economy,” observes Matthew Hargrove, a vice president with the California Business Properties Association. “Outside the coastal areas it will be helpful - like in West Sacramento, where they looked into creating a green building code but balked because it’s cumbersome to develop and they didn’t have the resources.”

Take the whole bunch of cities concept and spread it across a bunch of states. The DOE and EPA noted that 32 state public utility commissions requested help from the agencies last year regarding energy efficiency programs. SEE will be working with states to provide technical assistance and policy and program issues to advance energy efficiency efforts. Those state efforts may include financing solutions, residential efficiency programs and improving availability of energy usage information.

No doubt SEE’s goals will be similar to what we set forth in California. The purpose of CALGREEN’s codes is to improve public health, safety and general welfare by enhancing the design and construction of buildings through the use of building concepts that have a positive environmental impact, and by encouraging sustainable construction practices in the following categories:

• Planning and design

• Energy efficiency

• Water efficiency and conservation

• Material conservation and resource efficiency

• Environmental air quality

As California did with CALGREEN, now SEE and other DOE programs will help states develop strategies and action plans to improve the energy efficiency of existing building and reduce costs and emissions.

One small step for man, one giant leap for mankind.

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http://www.businessgreen.com/business-green/news/2257243/agencies-action-buildings

http://www.socalmultiunitrealestateblog.com/?p=673

http://www.socalgreenrealestateblog.com/?p=764

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LOS ANGELES WINS THE ENERGY STAR GRAND PRIZE…AGAIN

By Jodi Summers

Bravo to all of you greening your properties. According to our friends at the environmental protection agency, approximately 3,900 commercial buildings earned the Energy Star rating in 2009, representing annual savings of more than $900 million in utility bills and more than 4.7 million metric tons of carbon dioxide emissions. Impressively, nearly 9,000 buildings across the nation have earned the Energy Star for superior energy efficiency during the past 11 years.

A standing ovation for our beloved Los Angeles. The EPA ranked us as first on its annual list of metro areas with the most energy-efficient buildings. We led the field with 293 buildings labeled Energy Star in 2009, up from the 262 that qualified the city as No. 1 in 2008.

Kudos also go to our nation’s capitol. Washington, DC, ranked fourth place in 2008, is now in second, with 204 Energy Star buildings, up from 136 the previous year.

Energy Star is a voluntary labeling program run by the EPA and U.S. Department of Energy. In order to qualify, a building or manufacturing plant must score in the top 25 percent based , on the agency’s National Energy Performance Rating System and use less energy, reduce operating expenses and cause fewer greenhouse gas emissions.

Roll the credits - the top 25 cities with the most energy star labeled buildings in 2009 are:

1. Los Angeles, CA

2. Washington, DC

3. San Francisco, CA

4. Denver, CO

5. Chicago, IL

6. Houston, TX

7. Lakeland, FL

8. Dallas-Fort Worth, TX

9. Atlanta, GA

10. New York, NY

11. Minneapolis-St. Paul, MN

12. Portland, OR

13. Boston, MA

14. Seattle, WA

15. Detroit, MI

16. Sacramento, CA

17. San Diego, CA

18. Austin, TX

19. Miami, FL

20. Phoenix, AZ

21. Ogden, UT

22. Charlotte, NC

23. Indianapolis, IN

24. Des Moines, IA/Fort Collins, CO/Philadelphia, PA

25. Louisville, KY

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http://www.greenbiz.com/news/2010/03/23/la-takes-top-spot-epa-green-building-rankings

http://www.costar.com/News/Article.aspx?id=624F645516667EF93A09A56906607F8E&ref=100&iid=174&cid=383F14EEE265B182474DA2442BACBBBF

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LOS ANGELES NEEDS AN INDUSTRIAL ECOLOGIST

By Jodi Summers

Industrial Ecologist > the job description would be: To ascertain, catalog and cross reference the inflow and outflow of materials involved in manufacturing conducted in a given geographic area and figure out how one manufacturer’s excretion becomes another manufacturer’s production components. Low temperature steam anyone?

Industrial Ecology is based on the ideology of nature. It claims that industrial ecosystem may behave similar to the natural ecosystem where everything gets recycled. It involves the shifting of industrial processes from open systems to closed systems. The difference? An open system is “a system where matter or energy can flow into and/or out of the system, in contrast to a closed system, where energy can enter or leave but matter may not.”

Industrial open systems may involve the sharing of information, services, utility, and stem by-product resources > the outcome is always intended to add value, reduce costs and improve the environment. This flow is called industrial symbiosis - a type of eco-industrial development which expounds upon the theory industrial ecology.

The most traditional form of industrial ecology is the inflow and emission of materials - energy, water, by-products, finished goods, waste.

Geographic proximity is an obvious factor – which is why warehousing near LAX (in areas like Inglewood + Lennox) + the ports (Long Beach, San Pedro, Torrance, Carson), will always be valuable.

An area offering a superior example of a closed industrial system is the municipality of Kalundborg, Denmark. There is an industrial co-operation taking place between a number of companies and Kalundborg Municipality which mutually exploits each other’s by-products. The brilliant industrial symbiosis of Kalundborg has evolved over several decades, and has grown to encompass some 20 projects. All projects are environmentally and financially sustainable.

It is a beautiful example of industrial recycling which could perhaps be implemented in nearby industrial regions around L.A. As environmental regulations became stricter, firms will become more motivated reduce the cost of compliance, and turn their by-products into economic products.

An added benefit - rekeying industrial usage is a great way to cost justify the expense of greening an industrial property and tapping into those government benefits.

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http://greeneconomypost.com/retrofitting-industrial-ecology-for-increased-profitability-and-environmental-improvement-7663.htm?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+TheGreenEconomyPost+%28The+Green+Economy+Post%29

http://en.wikipedia.org/wiki/Open_system

http://en.wikipedia.org/wiki/Industrial_symbiosis

http://www.symbiosis.dk/industrial-symbiosis.aspx

http://www.bsdglobal.com/viewcasestudy.asp?id=77

http://www.industrialecologyinpractice.com/msc-programme

MAYOR VILLARAIGOSA’S 30/10 INITIATIVE WILL CONTINUE TO GREEN LOS ANGELES

By Jodi Summers

“How do we transform places of poverty and crime into urban villages where they are sustainable, not only economically for the people that are there, but also sustainably green and financially sustainable,” asks Rudolf Montiel, CEO of the Housing Authority of Los Angeles.

The solution is believed to be Mayor Antonio Villaraigosa’s 30/10 initiative. The 30/10 initiative is the mass transit financing method that the mayor proposed to the federal government so that Los Angeles can build their 30-year mass transit model in 10 years’ time.

The 30/10 proposal would curtail traffic and pollution making Los Angeles a greener, more livable city. Suddenly, we will all be able to get around more easily, as the 30/10 proposal would allow Metro to construct the full Westside extension, but also two easterly extensions of the Gold Line, two new branches for the Green Line, several busways in San Fernando Valley, a link along I-405, and new light rail lines downtown, along Crenshaw Boulevard, to Santa Monica, and via the West Santa Ana branch corridor. The West Santa Ana branch corridor would be served by commuter rail. All by 2020. Green multiunit complexes would dot the new transportation lines.

“We are trying to define density not as a bad word, but as a word that can have elegance to it, and be green, and be smart,” the mayor said. “Yet the city needs to change even more, and the 30/10 plan is one of the routes to that change.”

The 30/10 proposal that could quickly green Los Angeles went to Washington looks something like this:

o Current long-range transportation plan assumes $18.3 billion in transit expenditures over 30 years. 65% of funds would come from Measure R, with 23% from New Starts and 12% from other sources.

o The 30/10 Initiative would allow total expenditures to be reduced to $14.7 billion because of avoided inflation, since projects would be completed in ten years, twenty years ahead of schedule. More cost savings could also be possible because of a cheaper construction market.

o Of that $14.7 billion, $5.8 billion is expected to be available from existing sources, with around $8.8 billion still necessary, which could be provided through a loan from the federal government.

o Measure R would then pay back its $8.8 billion in debts for projects completed between 2010 and 2020 with $10.4 billion in tax revenue received between 2020 and 2040.

In Washington, Mayor Villiarigosa got support Oregon Democratic Representative Peter DeFazio, who chairs the House Subcommittee on Highways and Transit. California Democratic Senator Barbara Boxer also supports the effort. Secretary of Transportation Ray LaHood signaled that he was open to the opportunity in a meeting in Los Angeles

“Four years ago, when I talked about the subway to the sea, people laughed,”

Villaraigosa recalls. “But we are going to build it. All of these transit plans will happen.”

Initiatives like the 30/10 plan are part of a way of thinking that cities must pursue in order to remain successful, the mayor concludes. “Continue to think through what cities need to do to be more sustainable, to develop their assets, and to leverage the many important components of what a livable city should be like.”

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http://www.laedc.org/businessscan/index.html

http://www.globest.com/newspics/la_urbanmarketplacepanel.jpg

http://www.thetransportpolitic.com/2010/03/01/how-feasible-is-antonio-villaraigosas-3010-gambit-for-los-angeles-transit/

http://la.streetsblog.org/2010/04/22/3010-survives-the-metro-board-of-directors/

http://articles.latimes.com/2010/feb/26/opinion/la-oe-rutten27-2010feb27

http://www.globest.com/news/1622_1622/losangeles/184054-1.html

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STUDIES SHOW GREENING BUILDINGS IS GOOD FOR THE BOTTOM LINE

by Jodi Summers

It’s been studied and documented, greening your office building improves your bottom line. Let us share a round of facts with you.

“Increasing energy efficiency in our buildings can increase occupancy rates, leasing prices and sale prices — all in a highly-competitive environment,” confirms a new report from Ceres and Mercer titled “Energy Efficiency and Real Estate: Opportunities for Investors”

The report also concluded that real estate managers who don’t put energy efficiency measures into their properties risk lower profits in the future.

And having said that, if you’re adhering to our statewide CALGREEN Code, you’re already ahead of the game. The California Building Standards Commission is setting minimum green-building criterion that may, at the discretion of any local government entity, be applied.

Buildings currently account for 39 percent of the energy used in the United States, 71 percent of electricity use, and 39 percent of C02 emissions. A recent report by McKinsey & Company notes that the U.S. economy has the potential to reduce annual non-transportation energy consumption by roughly 23 percent by 2020, eliminating more than $1.2 trillion in waste.

Republicans and Democrats actually agree that green real estate is important. In June 2009, legislation was approved by the House of Representatives to control climate change by limiting heat- trapping pollution and creating a trading system for pollution permits. The bill calls for cutting greenhouse-gas emissions from 2005 levels by 17 percent by 2020, and 83 percent by mid- century.

So everyone thinks this is a great idea, but how does this affect your bottom line? A 2009 Maastricht University study that showed rental premiums of 3.5 percent on “green” U.S. office properties, while Energy Star buildings had 6 percent higher occupancy rates and sold for a premium of 16-17 percent per square foot.

Here are some of the noteworthy conclusions from these reports about investing in energy efficient real estate:

- Energy efficient buildings offer a measurable financial benefit over non-green buildings, in the form of higher rent, occupancy, valuation and lower operating costs.

- No- or low-cost energy efficiency improvements can have quick and dramatic impacts on property operating costs.

- Poorly performing buildings represent an opportunity for a significant investment gain when it comes to energy efficiency.

- Additional improvements require planning, partnerships and initial investments, but can also decrease operating expenses and raise resale and leasing value.

- Investment managers and products that consider energy efficiency and green building practices are increasingly available to investors.

- Barriers to implementing energy efficiency improvements are eroding as demand grows, research on the benefits continues, and supporting products and services improve feasibility and cost-effectiveness.

Essentially, greening your building is the best thing for your bottom line. In confirmation, we’ll site a report from KPMG, which finds that energy consumption in buildings can be cut by 30 to 50 percent and still produce a positive return on investments.

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http://www.environmentalleader.com/2009/12/22/energy-efficiency-and-real-estate-profits-go-hand-in-hand/

http://www.socalofficerealestateblog.com/?p=953

http://www.socalofficerealestateblog.com/?p=965

http://www.tiaa-cref.org/public/about/index.html

http://www.socalindustrialrealestateblog.com/?p=325

http://abeldesigngroup.files.wordpress.com/2009/07/green-building.jpg

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http://allgreen.com/site/images/stories/office_windows_trees_reflected.jpg

http://www.metaefficient.com/images/fukuoka_green_roof.jpg