Who put the Green in commercial real estate

Some articles on Green Commercial Real Estate in the news over the last month.

Green buildings and the federal election – The Royal Architectural Institute of Canada (RAIC) and the Canada Green Building Council (CaGBC) have adopted goals for reducing green house gas emissions and introducing environmentally sustainable building practices by certain times. How do their goals compare to those established by the current Federal Government and the Parties running in the Federal Election?
Real Estate News Exchange, Sep 30, 2008

Global growth for green building projected in study – A study of construction professionals around the world has found that the majority expect more than 60 percent of their projects will be focused on green building within the next five years. Environmentally friendly building currently accounts for more than 10% of domestic projects in the U.S. for almost a third of the respondents who participated in the study. It is the first to examine green building market trends and drivers on a global scale, according to McGraw-Hill Construction Analytics.
GreenerBuildings.com, Oct 01, 2008

Oxford Properties Calculates its Carbon Footprintoxfordproperties.com – As one of the largest real estate investment firms in Canada, Oxford has recognized that it has an important role to play in the fight against climate change, launching Oxford Sustainable Intelligence to integrate sustainability into their global operations. Recognizing the opportunities Oxford has committed to becoming an industry leader in adopting the principles of sustainability – and in putting them into measurable action.
Partners in Project Green, Sep 30, 2008

Woodbine Recognized for Green Initiativeswoodbineentertainment.com – Woodbine Entertainment Group (WEG) was the only Canadian organization to appear Buildings Magazine’s 2008 Honour Roll. Since its inception in 1906 Buildings Magazine has been recognizing companies and organizations that have helped define the commercial and institutional building industry. WEG, recognized for its horse-racing operations, is on the fast track to environmental sustainability and smaller energy bills.
Partnership in Project Green, Sep 30, 2008

Honeywell opens green office complex – Honeywell held a grand opening for a new, green office complex in the Town of Markham, which is part of North America’s largest mixed-use, sustainable development. Honeywell, a global leader in energy services and green building solutions, consolidated two of its offices, moving approximately 400 employees into the Leadership in Energy and Environmental Design(R) (LEED)-registered complex. The office will serve as the new Canadian headquarters for the Honeywell Building Solutions business.
Canada News Wire, Sep 25, 2008

Greenbelt Contributes $2.6B to Local Economy: Report – A new report released by the David Suzuki Foundation with support from the Friends of the Greenbelt Foundation has found that Ontario’s Greenbelt contributes $2.6 billion worth of non-market ecological services to the province each year, an average value of $3,487 per hectare. “[This figure] is a good reminder to decision-makers that if we don’t protect our greenspaces, we’ll end up paying a higher price in the future, not just with our health and the planet’s health, but economically as well,” said Dr. David Suzuki, co-founder of the David Suzuki Foundation.
Renew Canada, Sep 12, 2008

Greening Your Commercial Space – Historically, when supply far exceeds demand, tenants gravitate to properties where rental rates are low, operating expense reimbursements are minimized, tenant improvement dollars are maximized and other tenant benefits—such as multiple options on renewal periods—are offered to them when deals are struck. However, a new category of tenant benefits has arisen. Call it the ‘greening’ of the commercial real estate industry, where sustainable environments are increasingly important within the workplace.
Globe St., Sep 19, 2008

Water Savings 101: Top 10 Tips for Commercial Buildings – As the hurricane season begins to bring torrential downpours from Texas through the Southeast and up to the mid-Atlantic states, it makes folks forget that wide swaths of the country are still suffering through persistent drought and low levels of water supply. While agriculture, power generation and other industrial uses account for a large portion of water consumption in the U.S., the built environment is responsible for a significant portion.
GreenerBuildings.com, Sep 12, 2008

Green condo roofs gain popularity in Toronto – Green has hit the condominium roof. Although the greening of roofs is relatively new in Canada, Toronto is the country’s leader in green roofs. In fact, the city claimed the Canadian top spot in 2007 for the most green roof space added in a year (more than 7,700 square-metres). Environment Canada’s 2002 Green Roof report estimated that greening 6% of Toronto’s rooftops – about 6.5 million square metres would reduce the city’s summer air temperatures by 1 to 2 degrees Celsius.
Toronto Star, Sep 28, 2008

Toronto plan targets faulty apartment towers – Toronto can use its aging highrise apartment towers to curb climate change, create jobs and foster vibrant new neighbourhoods, says Mayor David Miller. But some skeptical councillors warned that Miller’s tower renewal project will provoke resistance from local residents. Miller’s proposal to reinvigorate more than 1,000 apartment towers built in the 1950s, `60s and `70s has two prongs. The first is environmental: The towers were built when energy was cheap.
Toronto Star, Sep 12, 2008 Globe and Mail, Sep 12, 2008


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