News: Brokerage

BOMA's 7 Point Challenge hits 100 endorser milestone

An energy efficiency milestone was reached by the Building Owners and Managers Association (BOMA) International that its ground-breaking 7-Point Challenge initiative has reached 100 endorsers. The 7-Point Challenge urges commercial real estate organizations to improve energy efficiency across their portfolios by 30% by 2012. The success of the challenge demonstrates commercial real estate's commitment to voluntarily reduce energy consumption to improve operational performance and reduce greenhouse gas emissions. Endorsers are using the Challenge as both a call to action and a template for developing sustainability programs. BOMA International introduced its Market Transformation Energy Plan, which includes the 7-Point Challenge, to its members in July 2007 as a strategy to reduce the use of natural resources, non-renewable energy sources and waste production in commercial buildings. The goals of the plan include decreasing energy consumption by 30 percent across portfolios by 2012 (in comparison to an average building scoring a 50 in Energy Star); benchmarking energy performance and water usage through the Environmental Protection Agency's Energy Star benchmarking tool; and providing education to building owners and operators and others involved in building operations to ensure that equipment is properly operated and maintained. Here are just a few of the sustainability strategies that BOMA members are implementing to meet the goals of the 7-Point Challenge: * Host a quarterly breakfast for engineers and other property management staff with a specific sustainability topic, such as water conservation and HVAC efficiency. (BOMA/Ft. Lauderdale & the Palm Beaches) * Form a green committee to spearhead sustainability efforts and coordinate strategic green initiatives. (BOMA/Boston) * Install waterless urinals to conserve large amounts of water. (River Rock Real Estate Group) * Install an Energy Management System that optimizes air-conditioning and lighting precision. (Bank of America Tower at International Place) * Host a workshop on how to benchmark your building's energy and water usage through Energy Star Portfolio Manager. (BOMA/Boise).
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent