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NATIONAL REAL ESTATE INVESTOR
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IN THE February 2, 2009 ISSUE
 Stimulus Bill’s Sustainability Elements Disappoint Commercial Landlords
 Regency Centers Makes A Splash with Outdoor Water Conservation Efforts
 Employee Program Offers Sweet Green Benefits
 Major Changes Ahead for LEED APs

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Stimulus Bill’s Sustainability Elements Disappoint Commercial Landlords
By Matt Hudgins

A version of the American Recovery and Reinvestment Act that passed a vote in the House last week will boost energy efficiency in the residential and public sectors but falls short of expectations for commercial real estate owners, experts say.

“While we understand the nature of the stimulus package and how they’re trying to incentivize immediate growth in the economy, we are disappointed they chose not to incentivize building energy retrofits to the extent that we would like to have seen,” says Karen Penafiel, vice president of advocacy at the Building Owners and Managers Association International (BOMA).

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Regency Centers Makes A Splash with Outdoor Water Conservation Efforts
By Sibley Fleming

Regency Centers has launched an irrigation pilot program that will save water and money.

The owner, operator and developer of grocery-anchored and community shopping centers expects to save 42 million gallons of water per year over the 36 pilot properties, or a total of $125,000. The payback period is less than two years. “It will also minimize sewer overcharges, landscape replacement and maintenance costs that can result from over-watering,” says Mark Peternell, vice president of sustainability for Regency Centers. The company is headquartered in Jacksonville, Fla.

All 36 properties have been retrofitted with “smart” irrigation controllers. “[The smart controllers] replace your conventional controllers, which are typically just time clocks — you want the irrigation on for an hour every day in the morning and an hour every day in the afternoon,” explains Peternell.

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Q&A

Employee Program Offers Sweet Green Benefits
By Sibley Fleming

Could corn mugs and transportation incentives make an architectural firm a better place to work? Dustin Watson, principal of Development Design Group (DDG) based in Baltimore, Md., thinks so. That’s why the architect launched DDGgreen in 2007.

Today, out of a firm of 110 people, 20 are active members of DDG’s green team. These environmentally minded employees have made significant changes in their workplace — from transportation incentives to the use of recycled paper in the company’s large, in-house printing operations. NREI recently spoke to Watson about the program.

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Guest Column

Major Changes Ahead for LEED APs
By Keith McGlamery

Implementation of a number of significant changes is underway that affect LEED Accredited Professionals, or LEED APs, the designated keepers of the flame of the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) Rating Systems for green buildings.

Developers who are well versed in securing building certification under one of the LEED systems agree that a thorough knowledge of LEED procedures, credits, submission requirements and strategies is critical to success. A primary means of transmitting knowledge of LEED is the LEED AP program developed by the Green Building Council and currently administered by its related organization, the Green Building Certification Institute (GBCI).

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