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[10 Mar 2014 | No Comment | ]

Investor interest in commercial solar projects has more than doubled in the last 12 months, according to a report by Mercatus, Inc., an investment analysis and decision making platform.
Mercatus’ year-end analysis of commercial solar project investment and development trends revealed that exploration — and investment dollars — for solar projects is skyrocketing.
Among the report’s findings, Mercatus reports growth by more than 200 percent in the number of projects evaluated for investors and developers from 2012 to 2013 using their industry leading platform, and over 150 percent in Q4 2013 vs …

Brokers Weekly, Construction & Design, Featured, Green Building »

[21 Feb 2014 | No Comment | ]
People in glass houses …

Everyone loves windows — the bigger the better. And modern highrises deliver in floor-to-ceiling spades.

But a recent study by the Urban Green Council highlighted a weakness in the shiny residential towers popping up around the city: old-fashioned brick and mortar construction has insulating properties that just aren’t found in glass.

“The best window in the world is a terrible insulator compared to a pretty standard wall,” said Russell Unger, executive director of the Urban Green Council.

Green Building, Property Managers »

[28 Jan 2014 | No Comment | ]

FirstService Residential has become the first property management firm to join the Mayor’s Carbon Challenge, a New York City program aimed at reducing energy use and greenhouse gas emissions in multifamily residential buildings.
With the residential sector accounting for 37 percent of the City’s total emissions, FirstService Residential jumped at the opportunity to further help its clients reduce their environmental impact.
The FirstService Residential portfolio of properties that participate in the program will pledge to reduce emissions by 30 percent in ten years.
In turn, participants receive help from a qualified …

Construction & Design, Green Building »

[17 Dec 2013 | No Comment | ]

Innovation by Con Edison engineers has enabled a restaurant supply company in the Bronx to install the largest solar array in New York City and feed excess power into the grid.
The 4,760 high-efficiency SunPower panels at Jetro Cash and Carry’s Restaurant Depot facility provide 1.56 megawatts of electricity for the refrigeration, freezers and other equipment at the business in Hunts Point.
“We are pleased that our smart grid innovations are helping this customer take advantage of solar power’s economic and environmental benefits,” said Margarett Jolly, director of Research and Development for …

Green Building, Mergers and Acquisitions, Property Managers »

[17 Dec 2013 | No Comment | ]

Direct Energy has completed its acquisition of Hess Corporation’s Energy Marketing Business (HEM).
According to Hess, the total consideration was $1.2 billion. The company has now raised a total of $4.5 billion this year as it divests itself of non-core business to focus on funding drilling-and-exploration.
HEM supplies natural gas and electricity to 23,000 commercial, industrial, and small-business customers in the eastern half of the US.
The combination of HEM and Direct Energy Business creates an industry leading energy marketing organization serving commercial and industrial customers across, North America. The new Direct Energy …

Construction & Design, Green Building »

[4 Dec 2013 | No Comment | ]

By Jonathan Pappas
For some, it might be difficult to believe that a city as densely populated as The Big Apple with nearly one million buildings crowding the landscape is in fact one of the greenest, most energy efficient cities in the U.S.
But for political officials, New Yorkers and especially those working in the construction and development industry, it’s simple to understand why.
Under the Bloomberg administration, New York has not only seen an incredible construction boom, but also a thriving green movement.
With initiatives like PlaNYC, a long-term program aimed at making …

Construction & Design, Green Building »

[4 Dec 2013 | One Comment | ]

New York’s Urban Green Council announced they have reached an agreement for sustainability training with the United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry of the United States, Canada and Australia, the leading international trade union for plumbers, pipefitters, sprinkler fitters and HVACR technicians.

Union members will receive training in sustainable practices as part of Urban Green Council’s Green Professional Building Skills Training program, known as GPRO. Next year the Building Trades Academy of AFL-CIO will begin rolling out GPRO to several other building trade unions.

Construction & Design, Green Building »

[22 Nov 2013 | No Comment | ]

By Jonathan F.P. Rose and Nilda Iris Ruiz
In the next 40 years, the population in the United States is projected to grow by more than 90 million people, with the majority of the expansion occurring in our nation’s cities .
The growth is concentrating in urban areas because in most parts of the country, job growth is significantly stronger in cities. This job growth is being driven by the knowledge and health care industries, which primarily employ younger, better educated workers who cluster near Universities, Museums and in old warehouse neighborhoods.
In …

Construction & Design, Featured, Green Building »

[24 Sep 2013 | No Comment | ]
Water fence installed to protect beloved carousel from storms

One of the lasting images of Sandy’s destruction was of Jane’s Carousel in Brooklyn Bridge Park submerged in floodwater.

Last week, David and Jane Walentas were joined by Brooklyn Bridge Park president Regina Myer in installing a state-of-the-art flood protection system, AquaFence, to ensure that the beloved neighborhood gem is safe from future storms.

The system consists of 44 marine-grade panels that can be quickly deployed when a storm is approaching.

Finance & Accounting, Green Building, Property Managers »

[24 Sep 2013 | 4 Comments | ]

By Steven J. Schleider, MAI, LEED-AP BD + C
president, Metropolitan Valuation Services
Reduce lighting costs — one of the highest operating expenses in a commercial building — and you increase net operating income.
Add to that the benefits of enhanced energy efficiency, better visual quality, glare reduction and positioning a building in the market more powerfully and competitively via sustainability, and reducing energy costs through lighting upgrades ultimately serves to increase property value.
The benefits of energy efficiency, whether retrofit or new-build, are numerous and compelling, but the question of what upgrades and …

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