Low Carbon Development in Downtown Las Vegas “If this Las Vegas hotel can build Low Carbon, so can you.” This was the title of the presentation given by Tricia Baker, Senior Vice President, at the 2024 Getting to Zero Forum. The “Las Vegas hotel” in this talk is the multi-branded Symphony Park AC Hotel by…
Commercial Property Assessed Clean Energy (C-PACE) financing is available in states and local municipalities after legislation is passed and voluntarily adopted on the community level. By enabling this innovative funding mechanism, governments unlock a strategic, flexible tool for commercial building developers and owners to complete their development budgets, recapitalize existing assets, and invest in energy…
There are three compliance paths for CIRRUS Low Carbon verification: the Prescriptive Path, the Performance Path, and the Green Building Certification Path. The Prescriptive Path is, stated simply, a checklist. It is the most commonly used compliance path for CIRRUS Low Carbon. Under the Prescriptive Path, a project’s design must meet a set of…
Ready to have your cake and eat it too? PACE Equity offers the CIRRUS Low Carbon program that includes a practical design specification along with a significantly lower interest rate. This results in improved NOI and project returns – plus a long-term boost to property value. How does Design Guidance work? We offer (at no…
Banks have pulled back on their lending, leaving many developers facing a financing void. Sound familiar? This financing gap reflects today’s reality of tighter lending and higher interest rates. The option of using Commercial Property Assessed Clean Energy (C-PACE) to solve this financing challenge is gaining popularity. Historically, developers have seen PACE Equity as…
Alaska, New Jersey, New York City, New Mexico, Hawaii, Michigan – what do they have in common? Newly updated C-PACE legislation. They have either newly passed legislation allowing for C-PACE financing or have expanded existing programs. And they’re not alone. To date, 38 states plus Washington, D.C. have passed PACE legislation. Among them, 33 have…
Ground Source Heat Pump systems are the leading technology chosen by building owners and entities seeking to achieve LEED®, Green Globes, Living Building and Net-Zero Energy Certifications.
PACE Equity financing allows commercial building owners and developers the opportunity to implement Ground Source Heat pumps in a financially advantageous way.
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…
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