In Business CRE March 26th Edition

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Article by Anne exploring current trends in green building, commercial retrofits, American Recovery and Reinvestment Act of 2009 (ARRA) funding, Energy Savings Performance Contracting (ESPC), and Leadership in Energy and Environmental Design (LEED) certification:

"Real estate and construction markets are experiencing a growing interconnection of green building and our economy. “Show me the money!” now requires a green edge. The United States Green Building Council’s (USGBC) “Green Jobs Study” projects over 7.9 million jobs and $396 billion in labor earnings from green construction for 2009 through 2013. This is encouraging for our national and regional economic recovery...Recent studies and our own hands-on experience identify the following trends for 2010 and beyond:
• Green building growth led by existing building operations and tenant improvements
• Increased renewable energy production and energy conservation retrofits with American Recovery and Reinvestment Act of 2009 (ARRA) funding
• More use of energy savings performance contracting (ESPC) by commercial facility management
• “LEED Lite” economy approach to certification
• Green construction rating systems evolve with proven life-cycle data
• Changes to local government laws & fees, federal incentives & building codes promote green building
• “Integrated Bottom Line” overtakes “Triple Bottom Line”

read more at the Las Vegas Sun...

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