Business Specialties  Development
Green Building Council Steps Up LEED Requirements
Jun 29, 2009
By: Barbra Murray, Contributing Editor

With an eye toward maintaining long-term sustainability, as opposed to rewarding good intentions, the U.S. Green Building Council has just added a new requirement for owners pursuing LEED Certified status for their properties.

 As an update to LEED v3--USGBC's most recent version of its program for environmentally sustainable building design, construction, operations and maintenance--the organization now requires building owners to routinely present operational performance data before attaining certification. The new requirement is a move to eliminate the disparity between what is planned for in the design process, and the actual state of the building's operations in the post-development state.

"We're convinced that ongoing monitoring and reporting of data is the single best way to drive higher building performance because it will bring to light external issues such as occupant behavior or unanticipated building usage patterns, all key factors that influence performance," Scot Horst, USGBC's senior vice president of LEED, noted in a prepared statement. While the new energy and water usage reporting stipulation is designed to enhance LEED standards, it is not designed to box in applicants. Compliance can be achieved through the recertification of a building on a two-year cycle using the LEED for Existing Buildings guideline; the furnishing of energy and water usage data on an ongoing basis annually; or the property owner's signed release authorizing USGBC's access to the building's energy and water usage data directly from the building's utility provider.

The introduction of the performance data requirement comes just two months after LEED v3 was introduced. Yet, USGBC does not fear that the new prevision will discourage LEED certification seekers. "We think that this will actually help create awareness among building owners, while giving us data to inform future versions of the rating system," a USGBC spokesperson told CPN.

If the struggling economy is no deterrent, a new USGBC rule shouldn't be either. Despite the tough times all around, the green movement continues, with energy efficiency at the forefront. In April, Jones Lang LaSalle announced the Empire State Building Leadership in American Progress in Stability initiative, a collaborative effort designed to create a new methodology for incorporating major efficiency retrofits into existing structures, beginning with a $20 million retrofit of New York City's 2.6 million-square-foot Empire State Building. And just last week, news emerged of detailed plans for the $350 million retrofit of the city's 4.5 million-square-foot Sears Tower, soon be renamed the Willis Tower.

 
Recent Development  Headlines
Sustainability Issue Holds Strong, RICS-CPE Report Finds
Though the intensity of the economic crisis may be in the process ofdiminishing, it continues to have a vice-like grip on countries aroundthe world. Yet for the commercial real estate industry, investment insustainability remains a priority--although not necessarily for themost altruistic reasons. According to the second quarterly RICS-CPEGlobal Commercial Property Sustainability Survey, despite financialchallenges, real estate industry players remain willing to pay money togo green today, particularly with regard to energy consumption, inorder to benefit from cost savings tomorrow..
NJ Company Breaks Ground on Cold Storage Facility in China
Ground has broken on a 280,000-square-foot refrigerated warehouse at Lingang Logistics Park in Shanghai, China, for Newark, N.J.-based Preferred Freezer Storage. For China, the property will become the country's largest and most sophisticated single-story cold storage facility. For PFS, the build-to-suit structure marks the company's entrée into China, as well as the beginning of its pursuit to accommodate the burgeoning demand for cold storage facilities across the country.
Economic Update - Gaming Industry Bets Heavily That Economy Will Turn
Times are still tough for the subset of the hospitality industry that depends on gambling, but a few operators are betting on a return of the gambling masses as the economy turns.
Transwestern Wins Nearly 500,000-SF Property Management Assignment
Transwestern has been awarded management of One Central Park East, a 485,720-square- foot office project Mesirow Financial Real Estate is constructing at 50 East Van Buren in Downtown Phoenix. Under construction and scheduled to open in the third quarter of 2009, the 26-story Class A property will also include 9,000 square feet of retail space and an executive fitness center. A recipient of the AIA Western Mountain Region Design Citation Award, it includes an advanced insulated window wall glass system featuring exterior horizontal and vertical shade fins to combat the harsh Phoenix sun.
Songdo IBD to Unveil First Phase
South Korea’s $35 billion Songdo International Business District will open its first phase this week.