From the December issue: Now that the light bulbs have been changed and the solar power panels have been harnessed, real estate firms in New York are gearing up for Sustainability 2.0.
In fact, just about every big New York firm has some sort of sustainability department or point person: Jones Lang LaSalle, Cushman & Wakefield, CBRE Group, Vornado, Silverstein Properties, the Durst Organization, Malkin Holdings, the Related Companies and SL Green, to name just a few.
And there’s good reason for that. Gone are the days of merely hanging out a sustainability shingle that touts a building owner for being concerned about the environment.
In recent years, investors have started paying closer attention to how green an asset is before deciding whether to pump their own greenbacks into the property. [more]
