News that Malkin Holdings has settled the lawsuit challenging the conversion of its ownership interest in the Empire State Building into a publicly traded real estate investment trust is also a win for advanced building technologies and green building generally.
Author Archive | Stephen Del Percio
In addition to presenting some important insights about the current state of the European green real estate market, a recent survey of property owners in France, Germany, and the United Kingdom concludes that investors are most interested in identifying green-related opportunities at the portfolio level.
A federal lawsuit alleging over $700,000 in fraud arising out of the sale of New Jersey solar renewable energy certificates by a North Jersey solar power provider to a New York-based hedge fund has settled, but highlights the ongoing pricing turmoil in the renewable energy markets.
The Carmine Carro Senior Center in Marine Park, Brooklyn is still under construction, and local residents are blaming the delay on the project’s green building features.
The Urban Green Council has published an FAQ document based on the New York City commercial real estate industry’s initial reaction to the organization’s Energy Aligned Lease Clause, which the city has committed to using in all of its leases.
The Ninth Circuit Court of Appeals has upheld the Western District of Washington’s decision in BIAW et al. v. Washington State Building Code Council, allowing disputed amendments to the state’s energy efficiency code to take effect under the building code exception to federal preemption in EPCA.
In Third Parties We Trust? The Growing Antitrust Impact of Third-Party Green Building Certification Systems for State and Local Governments has been published in the University of Oregon’s Journal of Environmental Law and Litigation and builds upon a small – but growing – volume of scholarship in this important area of green building law.
Although the City Council is on the verge of approving it, BOMA is objecting to a proposed ordinance that would require Philadelphia commercial buildings larger than 50,000 square feet to publicly disclose energy and water data in a form similar to Energy Star.
The House of Representatives’ Science, Space, and Technology Committee’s Subcommittee on Investigations and Oversight’s recent hearing “The Science Behind Green Building Rating Systems” is perhaps the highest-profile example that changes are on the horizon for federal green building policy.
On the heels of the Department of Energy creating a similar resource on the other side of the Atlantic, the Green Building Council of South Africa and the South African Property Owners’ Association have unveiled the same tool for the Rainbow Nation.