NREI_THE GREEN SHEET NEW_ Penton Media January 6, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/nrei/v/646 GREEN SHEET EXCLUSIVE --New Growth in Green Real Estate Funds? By Matt Hudgins (http://nreionline.com/brokernews/greenbuildingnews/news/new_growth_green_real_estate_funds_0106/)A new capital fund for environmentally responsible projects has revived a dormant niche of commercial real estate finance while providing an object lesson on the effects of investors' diminished appetite for risk. Builder Shangri-La Industries based in Los Angeles and partner Thompson National Properties unveiled plans Dec. 10 for a $100 million fund that will invest in value-add commercial and industrial projects. Thompson National is an Irvine, Calif.-based investment and asset manager started last year by Tony Thompson, the founder of Triple Net Properties. Dubbed the TNP/SLI Green Building Fund, the venture will focus on assets that can be retrofitted, repositioned or redeveloped for greater energy efficiency and environmental sustainability. More specifically, the fund is intended to help companies that will use Shangri-La's design-build and consulting services to meet the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) certification criteria for their properties. To view the full article go to: http://nreionline.com/brokernews/greenbuildingnews/news/new_growth_green_real_estate_funds_0106/ Q&A --Why Capital Improvements Could Be Free By Sibley Fleming (http://nreionline.com/brokernews/greenbuildingnews/news/qanda_stephen_gossett_jr_0106/?smte=wl)Q&A with Stephen Gossett Jr., co-founder and vice president, Transcend Equity Development Corp. In 1997, Stephen Gossett Jr. predicted that commercial real estate would become a huge emerging market for retrofitting office buildings that are not energy efficient. As it turned out, Gossett was prescient given rising energy costs and forthcoming federal regulation that is anticipated to impact commercial real estate in the next few years. At the time, Gossett was employed by CSI Energy Solutions, an energy services company that primarily targets public sector buildings. There he began to develop the template for his future company, Dallas-based Transcend Equity Development Corp., which was launched in 2002 as an incubator company. To prove the business model, the firm began with a couple of low-risk projects -- 2 million sq. ft. of buildings under long-term lease to Bank of America and another 2 million sq. ft. of office buildings owned by publicly traded office real estate investment trust (REIT) Corporate Office Properties Trust. Transcend is now targeting the larger office market, including office REITs. To view the full article go to: http://nreionline.com/brokernews/greenbuildingnews/news/qanda_stephen_gossett_jr_0106/?smte=wl ROUNDUPS --Green Sheet Roundups Staff report Aging Holiday Inn Gets New Life as Green Courtyard by Marriott Staff Reports Grosvenor, the international property development, investment and fund management group, is embarking on a $35 million renovation and re-branding of an old Holiday Inn hotel located in Chevy Chase, Md. The property closed earlier this year and will reopen as a Courtyard by Marriott in spring 2009. Grosvenor is seeking a silver LEED (Leadership in Energy and Environmental Design) rating from the U.S. Green Building Council (USGBC) for the newly renovated hotel. To view the full article go to: http://nreionline.com/brokernews/greenbuildingnews/news/green_sheet_roundups_0106/ ---------------------------------------- MLIS Registration is Now Open Register today to meet leading lodging real estate industry experts, discuss important trends, and identify new opportunities. Experience intensive networking and education, designed to maximize your lodging investments. To register, click here: www.midwestlodginginvestors.com. Your PROMOTION CODE is E01. ---------------------------------------- ---------------------------------------- *2009 Real Estate Investment Outlook (http://nreionline.com/research/2009_real_estate_investment_outlook/) *ASHA 2008 (http://nreionline.com/research/issue_20080901_1/) *Top 25 Office Owners (http://nreionline.com/research/real_estate_top_office_owners_0701/) *Top 25 Apartment Owners (http://nreionline.com/research/real_estate_top_apartment_owners_0701/) ---------------------------------------- ---------------------------------------- The Penton Commercial Real Estate Group teamed up to produce a special research report about going green. Click here (http://nreionline.com/2008GreenBuilding.pdf) to download the Green Building Survey and Directory. For information on how to participate in the 2009 directory, please contact Marianne Rivera: mailto:marianne.rivera@penton.com. ---------------------------------------- ---------------------------------------- READER SURVEY NREI-CoreNet Global Readers Choice Award (http://nreionline.com/corenet/index.html) Make your choice among the top 10 CoreNet Global innovators... ON-DEMAND WEBINAR Transparency in TICs (https://event.on24.com/eventRegistration/EventLobbyServlet?target=registration.jsp&eventid=118240&sessionid=1&key=57C0EF10417024A116BEFFEBCB8B6986&partnerref=rrep3&sourcepage=registe) A complimentary Webcast explaining how Tenant-In-Common (TIC) properties are packaged, marketed ... JOHN P. LEVY PODCAST Keepin' it Real in an Unreal Market (http://nreionline.com/jblevypodcast/) Jodie Strum discusses several commercial finance options in light of the current tumultuous economic environment. ---------------------------------------- ---------------------------------------- Subscribe to Retail Traffic Online, the weekly e-newsletter for National Real Estate Investor's sister publication, and learn about the hottest deals and industry trends before the competition. Retail Traffic Online provides retail real estate decision makers with cutting edge analysis, trend information and demographic insights to help them make key decisions in locating retail space and in developing and operating shopping centers and retail establishments. To Subscribe Click here. (http://subscribe.retailtrafficmag.com/?tc=NLSUB) ---------------------------------------- ABOUT THIS NEWSLETTER Do you have editorial comments or ideas regarding NREI Green Sheet e-newletter? 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