News: Green Buildings

Mass. Environmental Policy Act

Since 2007, changes to the Massachusetts Environmental Policy Act ("MEPA"), have required certain projects to include a review of their impact on the quantity of greenhouse gas ("GHG") emissions to be generated; and to identify measures to avoid, minimize or mitigate such emissions. As mandated by the state's Global Warming Solutions Act of 2008, portions of the MEPA statute were amended to require consideration of a project's reasonably foreseeable climate change impacts, including additional GHG emissions and predicted sea level rise. In February of 2010, a draft revised MEPA GHG Emission Policy (the "Policy") was released, designed to strengthen its mandate to "avoid, minimize and mitigate damage to the environment to the maximum extent feasible." Although no new MEPA review thresholds will be created, the draft includes: emission quantification for potential annual emissions for both direct and indirect mobile and stationary source emissions; GHG emission calculations performed for both the proposed project and the alternative, as well as other mitigation measures; and Opt-out provisions for projects that commit in advance to "exceptional GHG reduction measures", such as windfarms or large-scale solar installations. The public comment period on the draft proposed Policy will end mid-March. Susan Bernstein, attorney at law, Needham, MA
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Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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