THE SITUATION State and local building codes are moving toward higher and higher efficiency requirements, fueled by the goal of reducing U.S. carbon emissions. A key remaining challenge to advancing more quickly is the often higher construction costs associated with more efficient equipment and materials. Smart developers know that energy-efficient systems and green building designs…
PACE Equity has always been a financial tool that can serve the role of “gap-filling” in the capital stack. With construction lending tightening, many developers are seeing construction loan leverage between 45-60% Loan to Cost (LTC). Many developers have been increasing the equity contributions to cover rising costs and rates; these LTCs simply do not…
Moody’s Analytics Chief Economist Mark Zandi shared an assessment of commercial real estate sectors, delivered at an exclusive online briefing for CRE professionals organized by the C-PACE Alliance and sponsored by PACE Equity. The discussion was part of a broad assessment of risks to the economy he presented in terms of both their likelihood, and…
Cleveland, OH Cleveland developer group, Renew Partners, was the first to pursue and achieve a CIRRUS Low Carbon designation. Their redevelopment of the Residences at the Agora is an example of a high efficiency design for a multifamily project. Listen in while Shawn Neece, principal at Renew Partners, comments on how the CIRRUS Low Carbon…
Can a simple building plaque move the needle in commercial real estate? Answer: yes. It’s true that some tenants may not realize what the plaque signifies. But more and more, tenants & visitors recognize that a green building plaque means they are entering a place with state-of-the-art technology and design that saves energy costs, reduces…
Agenda: C-PACE Basics & the CIRRUS Low Carbon C-PACE program Join us for a 30 minute discussion about CPACE financing and how you can use it to capture lower rates from our CIRRUS Low Carbon program. We’ll introduce you to how CPACE works and how you can qualify for CIRRUS Low Carbon funding. We analyze…
WHAT IS THE LOW CARBON ECONOMY? A low carbon economy is one that uses energy wisely, with technologies that generate low levels of greenhouse gas emissions (GHG). The shift to a low carbon economy is underway globally as companies take on the challenge of carbon emissions that are causing global warming and climate change. As recently…
The priorities of developers and tenants may not have always been in sync in the past. Developers need to focus on strong returns, especially challenging in the current economic climate. Tenants seek healthy, efficient & comfortable spaces to live and work. According to the commercial real estate publication Commercial Observer, demands of tenants and occupants…
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