2012 is proving to be the year that the green lease fully enters the mainstream: the Department of Energy recently released an online Green Lease Library that assembles almost all of the key resources currently available to the industry.
Archive | March, 2012
While observers have touted Midtown South’s emerging “Silicon Alley” as the place to be for technology tenants, four home-grown NYC start-ups have quietly collected 110,000 square feet at this historic, George Post-designed property at Prince Street.
There’s been little progress over the past year in activating a 400-kilowatt fuel cell at Connecticut’s largest apartment building. Now, developer Bruce Becker is also waiting on $10 milllion in tax credits and $3.6 million in energy-efficiency grants that he claims the state owes to him.
What’s most interesting about two recent deals totaling 12,400 square feet at 7 WTC is that at least one of the tenants was attracted to the building’s LEED rating, in addition to its stunning views and Downtown location.
1 World Trade Center has been in the news quite a bit recently: we catch up on its new broadcasting facility, a lost lease, and its ongoing climb towards becoming New York City’s tallest building.
In what they describe as “the first direct study of the economic effects of political ideology on environmental certification and the valuation effects of industrial warehouses,” Professors David Harrison of Texas Tech and Michael Seiler of Old Dominion conclude that the geographic location of a green building plays a central role in its market value and occupancy rates.
The Urban Green Council – New York City’s local USGBC chapter – is sponsoring a Green Leasing Salon on Thursday, March 15 that will focus on the Energy-Aligned Lease Language, which the City hopes will serve as the backbone for future commercial office leasing across the five boroughs.
Norman Foster’s Hearst Tower is the first LEED for New Construction Gold-certified commercial office building in New York City to subsequently earn Platinum under the LEED for Existing Buildings: Operations and Maintenance rating system.
A lawsuit challenging Malkin Holdings’ plans to launch a publicly traded REIT could impact its efforts to implement advanced building technologies across a broader range of New York City commercial office buildings.
Although the tower doesn’t sport a LEED or an Energy Star label – yet – a recent deal at Malkin Properties’ historic 250 West 57th Street is notable for a number of important reasons.