September 17, 2008
| Green Leases becoming the mainstay in California |
| California Real Estate Journal - September 8 |
Green leases are quickly becoming the mainstay in environmentally conscious California, according to The California Real Estate Journal, which quoted Richard C. Mallory, a partner with Allen Matkins. "In the last five years, half the leases we've done have had these elements in them," he said. Underscoring this point, the Building Owners & Managers International recently unveiled a new green lease guide to help members write sustainable operations and management practices into their green leases. A traditional lease becomes green by dialing in environmental standards into the related lease clauses, such as requiring Energy Star appliances or recycling according to the building's green waste policy. |
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Notable green building projects... TMG's Emeryville wins LEED platinum certification TMG Partners, one of the San Francisco Bay Area's largest mixed-use property developers, has received the first national Platinum Certification under the LEED for Neighborhood Development (LEED-ND) pilot program just completed by the USGBC. The new mixed-use development includes up to one million square feet of office, housing and retail spaces of mixed building types, to be built over the next 25 years. The project has approval for 670 units of housing with a mix of rental, sale and 15% below market rate homes. “Evo” Grand Opening set for September The South Group announces an event so big, it’s been five years in the making: LA’s first all-green high-rise community. Evo stands tall as the only new high-rise to grace the downtown skyline between now and 2010. Evo, expected to become only the third residential building downtown to earn the coveted LEED Silver certification, joins sister buildings Luma and Elleven which were LA’s and California’s first Gold certified buildings. The project is defying current real estate woes by becoming a bustling 24/7 neighborhood where fine dining, arts, culture and daily amenities meld into an eclectic and inviting mix on the block surrounding South. Entertainment options like LA Live, just a couple of blocks away, completes living experience Evo residents will enjoy. PCL provides LEED gold student housing for CSU PCL Constructors will build a $118-million design-build student housing project at California State University, Fullerton. The team of PCL and Steinberg Architects won the competition to build the project, which consists of 5 five-story buildings, 1,080 beds and dining. Medical Center in S. Carolina awarded LEED silver certification Lexington Medical Center of South Carolina has received LEED silver certification. Lexington Medical Center is the only LEED-certified health care building in the state, and one of 32 in the nation. |
