| IN THE
June 11,
2009 ISSUE |
Starting From Scratch, Developer Plans America’s First Eco City
in Florida
Long before Anthony Pugliese bought 27,000 acres located
in Osceola County in Central Florida, he considered himself an artist
and designer of sorts. Growing up in New Jersey, his childhood role
models included Thomas Edison and Leonardo DaVinci, men who invented and
created their bold new ideas.
In his early career, Pugliese invented the Natural Look Pool, still
available today through a New Jersey-based family business, Pugliese
Pools. It was during the harsh northern winter when the pool business
slumped that the entrepreneur turned to buying and rehabbing distressed
industrial properties to keep the pool employees busy.
What Tenants Should Know About Green
Leases
By
Claire Woolley, vice president, Howard Ecker + Co.
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Green leasing seems headed toward becoming part of the
mainstream real estate discussion. However, there is still widespread
uncertainty about what green leasing actually is. As such, both
landlords and tenants are unsure of the advantages — and disadvantages
— that a green lease can afford them. This is a missed opportunity,
because a green lease is an excellent vehicle for both tenants and
landlords to work together to achieve and retain a green-operated
building, and critically in these tight times, benefit from reduced
operating costs.
Moreover, for landlords, studies show that going green can substantially
increase an asset’s value, and lead to higher rents and occupancy
rates.
Green Tidbits
Law firm O’Melveny & Myers has been awarded LEED gold
certification for commercial interiors in an existing building for its
San Francisco office…. Hines has been awarded LEED certification for
101 California, a 48-story office building that the company owns, leases
and manages…. Watt Cos. has been awarded LEED gold certification for
operations and maintenance of its twin 23-story office tower complex in
Century City, Calif…. Property manager CB Richard Ellis and owner FC
Tower Property Partners have received LEED gold certification for
existing buildings for the 49-story First City Tower office building in
Houston.
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