News: Green Buildings

The return of Commercial Buildings Energy Consumption Survey

The Commercial Buildings Energy Consumption Survey (CBECS) is a well-known national survey that collects key benchmark information on U.S. commercial buildings, providing data on energy use and other related characteristics. It is used by private and public stakeholders to track industry progress, gain high-level understanding of how buildings compare to similar peers and inform policy decisions. The release of the 2007 CBECS survey results - which used a new lower-cost methodology - were infamously canceled when the Energy Information Administration deemed that the data was not statistically significant. Then, in 2011 the EIA canceled the project entirely when its budget was cut. The move left the energy efficiency industry reliant on information from the 2003 survey and received widespread (negative) national media attention from places like The New York Times. In a turn of events that largely flew under the radar, the EIA recently announced on its website that work on CBECS will be resumed. While a survey like CBECS can always be improved, we view this as a positive for the industry as it will provide publically available, up-to-date information of commercial building energy consumption. CBECS followers will need to remain patient, as the EIA will field a survey for the reference year 2012 in April 2013, and will not publish the results until 1H 2014. Bennett Fisher is the CEO and co-founder of Retroficiency, Boston.
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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