BOMA, CCI Deliver Pioneering Energy Efficient Retrofit Solutions to Commercial Real Estate
WASHINGTON–(BUSINESS WIRE)–The Building Owners and Managers Association (BOMA) International and the Clinton Climate Initiative (CCI) are pleased to announce the development of the BOMA Energy Performance Contracting (BEPC) model, a pioneering model contract and supporting documents that allow building owners and operators to execute sophisticated energy efficiency retrofits to existing buildings. BOMA and CCI, in [...]
Pacific Retirement Services Launches Silverchair Learning System
MEDFORD, Ore.–(BUSINESS WIRE)–Pacific Retirement Services, Inc. (PRS), a national leader in the senior living and health care industry (www.retirement.org), announced today that it is launching the Silverchair Learning Management System across its family of retirement communities in five states. Training began in September 2008 at PRS headquarters, seven affiliated Continuing Care Retirement Communities, and two [...]
Rain Bird’s Entertaining Expedition Float Takes Top Honors in the 2009 Rose Parade
PASADENA, Calif.–(BUSINESS WIRE)–Rain Bird, the leading manufacturer and provider of irrigation products and services, was awarded the Tournament of Roses Sweepstakes Trophy today in recognition of its 2009 Tournament of Roses Parade entry, Entertaining Expedition. Awarded to the float entry deemed the most beautiful by a panel of expert judges, the 2009 Sweepstakes Trophy win [...]
The Expert – San Francisco Tops Apartment Market Again
San Francisco claimed the top spot of Marcus & Millichap Research Services’ National Apartment Index for the second consecutive year. While the metropolitan area’s large concentration of professional and financial firms is expected to result in job cuts, it ranked close to the top in almost all of the other measurements used in the index.
‘Edge Cities’ Set to Move to Forefront
At first glance, it may appear that the country’s largest cities will reap the biggest benefits under President-elect Barack Obama’s planned infrastructure initiatives, partially due to his connections to metropolitan areas like Chicago. But according to urban planner Douglas McCoach, vice president of planning and urban design for global design firm RTKL Associates Inc., perimeter suburban and exurban areas surrounding large U.S.cities–locations he describes as “edge cities”–may gain the most from new infrastructure funding.
Riverstone Wins Management of 15,000-Unit BlackRock Portfolio
Riverstone Residential has been awarded the management of more than 15,000 apartment units in the portfolio of BlackRock Realty Advisors Inc., the real estate equity arm of BlackRock Inc.
CBRE to Handle FDIC’s Portfolio of Owned Real Estate
CB Richard Ellis Inc. has netted a major client: The Federal Deposit Insurance Corp. has tapped the services firm to serve as primary advisor for the residential and commercial real estate it acquires from failed financial institutions. Terms of the deal were not revealed. CBRE will be tasked with the property management, leasing and ultimate disposition of these assets across the country, Puerto Rico and the U.S. Virgin Islands.
Investing in Carbon-Neutral Luxury in the Philippines
The Cacao Pearl, located in Palawan, Philippines, is designed to become the world’s first non-profit and luxury eco-resort community to commit 100 percent of operating profits to environmental protection and social improvements. It is a low-density boutique resort being built in accordance with sustainable development principles, with 60 condominiums achieving zero carbon cost. Units range from $210,000 to $250,000.
Despite Economy, Greening of Building Portfolios Remains a Priority
(BOSTON—Nov. 19, 2008) Despite a faltering economy, commercial building owners are continuing to allocate funds and resources to green their portfolios. According to the “2008 Green Survey: Existing Buildings,” the second annual national survey of the commercial real estate sector, more than 80 percent of respondents have allocated funds to green initiatives this year, while [...]
NAAEI and NAHMA Announce New Credential for Green Property Management
Alexandria, VA, October 13, 2008 – The National Apartment Association Educational Institute (NAAEI) and the National Affordable Housing Management Association (NAHMA) have jointly launched a new Credential for Green Property Management (CGPM) designed for on-site managers, maintenance staff and supervisors of front-line staff. The new credential meets the requirements of the voluntary Green Initiative established [...]