News: Green Buildings

CB Richard Ellis receives the 2008 U.S. Green Building Council Leadership Award for Organizational Excellence

CB Richard Ellis recently received the 2008 U.S. Green Building Council (USGBC) Leadership Award for Organizational Excellence at the 7th annual USGBC Greenbuild International Conference and Expo. The firm was recognized for leadership in environmental corporate responsibility and for significant vision and commitment to the evolution of green building design and construction. The USGBC, a nonprofit membership organization dedicated to sustainable building design and construction, presented awards in 6 categories including community, education, LEED, organizational excellence, research and advocacy. CB Richard Ellis, which shared the award for Organizational Excellence with the American Institute of Architects (AIA), was recognized as the first major real estate services firms to pledge to be carbon neutral by 2010. To help achieve this goal, CB Richard Ellis has established an international task force to develop internal policies and business practices, aggregate best practices on a global basis, and develop educational programs for clients and employees. In the U.S., the firm has instituted a wide range of energy efficiency programs for the commercial buildings it manages; more than 150 buildings currently managed by CBRE are undergoing evaluation for inclusion in a pilot portfolio LEED EB program in conjunction with the USGBC. A recent study by CBRE found that more than two thirds of the buildings it surveyed are taking proactive steps toward enhancing energy efficiency, reducing water usage and introducing paper recycling programs, and more than 100 of the company's professionals have received LEED AP accreditation. CBRE was also recognized for compliance with the Environmental Protection Agency's (EPA) Energy Star program and the adoption of the Building Owners and Managers Association's Building Energy Efficiency Program, an extensive education program that teaches commercial real estate professionals how to reduce energy consumption. Earlier this year, the EPA named CB Richard Ellis an Energy Star Partner of the Year for outstanding energy management and reductions in greenhouse gas emissions.
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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