Property Types  Office
Big Step for Green as CBRE Adds 225 Buildings to LEED Program List
Jul 08, 2009
By: Tonie Auer, Contributing Correspondent

The green trend continues in a big way, with CB Richard Ellis Inc. enrolling 225 office buildings in the U.S. Green Building Council's Leadership in Energy and Environmental Design - Existing Building program.

Enrollment of the properties is the first step in the process for attaining LEED EB certification, according to a CBRE spokesman.

At the end of 2007, CBRE committed to enroll a minimum 100 buildings in the then-emerging LEED EB process, and 18 months later the company is now the largest third-party manager of buildings in the leading program for environmental sustainability.

LEED is the nationally accepted benchmark for the design, construction and operation of high performance green buildings. The properties that CBRE enrolled in the LEED EB program total more than 57 million square feet and are owned by more than 55 different investors and corporations in 21 states. A CBRE spokesman said there were less than 60 buildings in the nation in 2007 with the LEED EB designation.

The trend is starting to pick up pace and building-owners are becoming more interested in the moves, too.

“LEED for Existing Buildings is our second most commonly used rating system behind LEED for New Construction,” Marie E. Coleman, communications coordinator for the U.S. Green Building Council (USGBC), told CPN.

“The LEED for Existing Buildings: O&M system focuses on building maintenance and operations. Unlike the other LEED standards, points are awarded for established programs and policies with measured results over time. Metrics are taken during a performance period lasting from three to 12 months. Like the LEED for new construction products, points are awarded in six categories: sustainable sites, water efficiency, energy and atmosphere, materials and resources, indoor environmental quality, and innovation in operations. There are a total of 92 available points, with a minimum of 34 required for the lowest level of certification,” according to “Leed For Existing Buildings: Operations & Maintenance: the future of existing facilities” produced by Houston-based Kirksey Architecture.

CBRE currently manages 17 buildings that have attained LEED EB certification, more than any other commercial property management firm. The total is expected to grow to 50 buildings by year end.

The U.S. Environmental Protection Agency (U.S. EPA) named CB Richard Ellis an ENERGY STAR Partner of the Year, the only commercial real estate services firm recognized with that award this year. More than 1,200 CBRE-managed buildings are participating in the program, significantly more than any other third party management company. Since 2008, more than 220 of these properties totaling 73 million square feet were recognized for exemplary performance by ENERGY STAR through the award of the ENERGY STAR plaque.

 
Recent Office Headlines
BOMA Chicago Initiates Country's First Office Building Smart Grid Program
The Building Owners and Managers Association of Chicago has launched an effort to develop the country's first commercial office building smart grid program, delivering a utility-scale, clean, virtual generator through implementation of smart grid technology in more than 260 commercial buildings in downtown Chicago. With the potential to provide as much as 200 megawatts of demand response capability, the program would lower costs and avoid the need to construct expensive new generation plants. It requires upgrading the buildings' electric metering infrastructure, with significant building-level upgrades. To help address the estimated $185.4 million program cost, the city's BOMA chapter filed an application for $92.7 million in matching funds from the U.S. Department of Energy's Smart Grid Investment Grant Program, which was formed under the recently passed American Reinvestment and Recovery Act.
Timberland Renews 246,000SF HQ Lease in New Hampshire
New England-based real estate firm Altid Enterprises L.L.C. has inked a 246,000-square-foot office lease renewal with apparel maker The Timberland Co., in Stratham, N.H.
SL Green Lands $145M for Refinancing of NYC Office High-Rise
Flying in the face of the still chilly credit market, SL Green Realty Corp. has managed to get its hands on a $145 million leasehold mortgage for the refinancing of the 1.2-million-square-foot office tower at 420 Lexington Ave. in Midtown Manhattan.
Vornado Secures $82.5M to Refinance Suburban D.C. Office Building
The chilly credit market apparently warmed up for Vornado Realty Trust, which just wrapped up the refinancing of its 442,000-square-foot office property just outside of Washington, D.C., in Arlington, Va., courtesy of an $82.5 million loan.
Phoenix-Area Medical Office Park Sold
Arrowhead Professional Park, a 40,000-square-foot medical office complex in Glendale, Ariz., has been sold to Jomike Realty Co.