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NATIONAL REAL ESTATE INVESTOR
the green sheet
A Sustainability Initiative produced by
IN THE November 14, 2011 ISSUE
 Destiny USA's Green Vision
 Shorenstein Cuts Energy Costs Throughout its Portfolio
 American Council for an Energy-Efficient Economy Releases Annual Scorecard

Top Story

Destiny USA's Green Vision
By Susan Piperato, Managing Editor

Destiny USA isn’t only the name of the project that’s on track to become the largest LEED Gold-certified retail building in the country and the first to boast only LEED Gold-certified tenants, it might also be a metaphor for the evolution of the American shopping mall.

Or so Pyramid Cos. developer Robert J. Congel hopes. When Destiny USA opens in Syracuse, N.Y. in spring 2012, it will replace the 21-year-old Carousel Center mall and the former adjoining “Oil City,” a 120-acre oil tank wasteland and scrap yard and longtime local eyesore, which Congel remediated in partnership with the City of Syracuse.

Congel, a Syracuse native and founder of Pyramid Cos., which owns 17 malls in the Syracuse area, including Carousel Center, has undertaken Destiny USA as his company’s premier green project following a personal interest in green building that began with a conference held in his home in 2002, says Destiny USA executive Sara Wallace.

According to David Aitken, Destiny USA executive in charge of development, Congel initiated the project because having grown up near Oil City “makes him very passionate about developing an environmentally sustainable and energy-efficient project” and one that promotes regional economic development.

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Q&A

Shorenstein Cuts Energy Costs Throughout its Portfolio
By Susan Piperato, Managing Editor

Is implementing energy-efficiency practices worth the effort when the portfolio is spread out across the country?

Shorenstein Properties thinks so. A privately owned company headquartered in San Francisco, Shorenstein is one of the oldest real estate companies in the U.S., with a national portfolio of 18.5 million sq. ft., valued at $6.2 billion, and a reputation for innovation. A portfolio-wide campaign to reduce energy consumption saved the company $1.7 million in energy costs in 2010.

In addition, Shorenstein Realty Services, the property management arm of Shorenstein Properties, recently launched the first phase of a targeted energy conservation education program, aimed at its thousands of tenants across the country, by conducting an energy awareness road show at several of its buildings.

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Roundups

American Council for an Energy-Efficient Economy Releases Annual Scorecard
Staff Reports

The American Council for an Energy-Efficient Economy (ACEEE) released its annual 50-state Energy Efficiency Scorecard on October 20.

The ACCEE ranking covers all 50 states, with special attention paid to the top 10 states, the 10 states most in need of improvement and the five states showing the biggest positive movement.

Other names in green news include WSP Flack + Kurtz, the Gas Technology Institute, CBRE and the Appraisal Institute.

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About This Newsletter

Editorial Director
David Bodamer
david.bodamer@penton.com
Practice Leader
Jonathan A. Schein
jonathan.schein@penton.com
Managing Editor
Susan Piperato
susan.piperato@penton.com

Senior Associate Editor
Elaine Misonzhnik
elaine.misonzhnik@penton.com
Publisher
Marianne Rivera
marianne.rivera@penton.com

Northeast Sales Manager
Leigh Ann Beal
leighann.beal@penton.com
Western Sales Manager
Neil Dant
neil.dant@penton.com

New England Sales Manager
Matt Butcher
matt.butcher@penton.com

Do you have editorial comments or ideas regarding NREI Green Sheet e-newsletter? Contact Susan Piperato at email

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