NREI_THE GREEN SHEET_ Penton Media August 3, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/nrei/v/723 TOP STORY --Energy Bill: Greater Transparency or Higher Cost for Commercial Real Estate? By Sibley Fleming If landmark energy legislation is signed into law this year, the impact on commercial real estate could be a burden or a boon, depending on your point of view. With the American Clean Energy and Security Act of 2009 sponsored by Henry Waxman (D--Calif.) and Edward Markey (D--Mass.) clearing the U.S. House of Representatives on June 26, the potential for passage is gathering steam. The U.S. Senate is poised to take up the bill when it returns to work after Labor Day. "Jones Lang LaSalle supports government measures that encourage companies to maximize the energy efficiency of their facilities, and that enhance transparency and consistency in the measurement and reporting of energy use and greenhouse gas emissions," said Dan Probst, chairman of energy and sustainability services for Chicago-based brokerage Jones Lang LaSalle, in a prepared statement. "Moreover, the bill as it currently stands offers financial incentives for energy retrofits to help owners achieve sustainable goals." To view the full article go to: http://nreionline.com/brokernews/greenbuildingnews/news/energy_bill_0803/ ONLINE EXCLUSIVE --Sustainable Design Helps Seal Deal for New Office Lease in Los Angeles County Staff Report In a clear sign that green buildings play a critical role in site selection and lease negotiations, Advanced Bionics has agreed to take 146,385 sq. ft. at Summit Oaks, a newly constructed Class-A office building in Santa Clarita that has earned LEED Silver certification. The 10-year deal is the largest new office lease in Los Angeles County so far this year. The five-story building is in a prime location at the entrance to Valencia Gateway, Los Angeles County's largest master-planned development for business technology and industry. Advanced Bionics, a manufacturer of cochlear implants for people with profound hearing loss, will take the entire space. The company is consolidating two locations into the new space and will begin the move-in process during the third quarter of this year. To view the full article go to: http://nreionline.com/brokernews/greenbuildingnews/news/sustainable_design_new_office_lease_0803/ ROUNDUPS --100 Park Avenue Achieves LEED Silver Staff report SL Green Realty Corp.'s 100 Park Avenue, the 1950s completely redeveloped trophy tower across from Grand Central Terminal, has officially achieved LEED silver certification from the U.S. Green Building Council. "Since completion of its redevelopment, [100 Park Avenue] has experienced unprecedented success and recognition as a trophy property within the SL Green portfolio," says Edward Piccinich, executive vice president of SL Green. "There's no doubt that our recent renovation of the property certainly served as a vehicle for renewed interest and public attention." To view the full article go to: http://nreionline.com/brokernews/greenbuildingnews/news/park_avenue_achieves_leed_silver_0803/ Advertisement ---------------------------------------- IREM is your portal to everything GREEN! Visit the IREMFIRST.org Sustainable Knowledge Center for access to information on a practical energy guide, a Sustainable Real Estate Management Course, Green Webinars, and other environmentally sustainable strategies and solutions to be green and save green. http://www.irem.org/greenpage ---------------------------------------- Featured Research ---------------------------------------- *Top 25 Brokerages 2009 (http://nreionline.com/research/nrei-top-25-brokerages-0401/) *Seniors Housing Research (http://nreionline.com/seniorshousing/research-offer/index.html) *Distressed Real Estate (http://nreionline.com/distressedinventory/) *2009 Real Estate Investment Outlook (http://nreionline.com/research/2009_real_estate_investment_outlook/) ---------------------------------------- Advertisement ---------------------------------------- To explore the latest and most innovative energy retrofit funding available to property owners, managers and investors, attend our webinar on Thursday, Aug. 20 at 2:00 p.m. EST. Find out why your energy retrofits could be free, how to self-finance, new government incentives plus much more. http://w.on24.com/r.htm?e=156154&s=1&k=7AA55902E5EF157F92FF259C74026569&partnerref=nreinl ---------------------------------------- NREI Interactive Products ---------------------------------------- THE ALTER GROUP Larry Armstrong on Architecture in a Recession (http://nreionline.com/images/larry-armstrong-architecture.mp3) Larry Armstrong, President, Ware Malcomb, an international architecture firm, says that in times of recession, survival is dependant on having a strong strategic plan in place and creating functional work vs. extravagent projects to meet clients' needs... WHITE PAPER Back To Basics To Stay Strong In Commercial Real Estate (http://nreionline.com/research/ge-capital-real-estate-0729/) To succeed in this real estate market, investors and managers need a new kind of toolbox... ---------------------------------------- Advertisement ---------------------------------------- Annual Green Building Interactive Resource Center For the third consecutive year, the editors of National Real Estate Investor, Retail Traffic and Lodging Hospitality have teamed up to present their annual Green Building Interactive Resource Center -- publishing in November. Includes a comprehensive directory of green product and service suppliers in more than 40 categories. Get listed. http://nreionline.com/greenguide-landing/index/ ---------------------------------------- ABOUT THIS NEWSLETTER Do you have editorial comments or ideas regarding NREI Green Sheet e-newletter? 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