News: Owners Developers & Managers

BOMA International honored with EPA Climate Protection Award

The U.S. Environmental Protection Agency (EPA) has recognized the Building Owners and Managers Association (BOMA) International with a 2009 Climate Protection Award in honor of BOMA's exceptional leadership, outstanding innovation, dedication and technical achievements in climate protection. Winners, which include individuals and organizations, are chosen on the basis of originality and public purpose; persuasive, moral or organizational leadership; global perspective and implication; and reduction of greenhouse gas emissions. This year's winners were honored at a ceremony at the Kennedy Center. "We are honored to receive this prestigious award for our green initiatives," said BOMA International chair and chief elected officer Richard Purtell, portfolio manager, Grubb Ellis Management Services, Inc. "We strive to provide solutions that benefit our members while also protecting the environment. This award is a testament to the fact that sustainability and profit go hand in hand." BOMA is being recognized for four initiatives: the BOMA Energy Efficiency Program, the 7-Point Challenge, BOMA's Green Lease Guide, and the BOMA Energy Performance Contract model. BEEP is an innovative operational excellence program that teaches commercial real estate professionals how to reduce energy consumption and costs with proven no- and low-cost strategies. To date more than 14,000 industry professionals have participated in the BEEP seminars. BOMA's 7-Point Challenge aims to reduce energy consumption by 30 percent by 2012 across real estate portfolios, as measured against an average building measuring a 50 on the Energy Star benchmarking tool. The 7-Point Challenge has gained universal industry acceptance. More than 110 companies and affiliated organization, representing more than two billion square feet of office space, have endorsed the Challenge. In 2008, BOMA released the industry's first green lease guide, an instant best-seller. The guide includes enforceable lease language to ensure tenants comply with the building's green priorities and includes annotations for ENERGY STAR, LEED and GBI rating programs. BOMA partnered with the Clinton Climate Initiative to launch the BOMA Energy Performance Contract, a model toolkit that makes major energy retrofits to existing buildings easier and more affordable than ever before. "BOMA International will continue to lead the way by delivering the solutions that will propel commercial real estate toward a sustainable and thriving future," said BOMA International 2007-2008 chair and chief elected officer Brenna Walraven, RPA, CPM, managing director, national property management, USAA Real Estate Company, and one of the chief architects of the BEEP program and BEPC model.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary