Published November 2023 As concerns over climate change intensify and regulations evolve, commercial real estate investors and owners are under increasing pressure to reduce carbon footprints of their properties, or “decarbonize” them. Most recently, California passed the Climate Accountability Package, which will require a large number public and private companies conducting business in the state […]
23
Oct
Oct
California Code of Regulations Section 2644.9 – Consideration of Mitigation Factors; Wildfire Risk Models Wildfires have become a concern in California over the past several years, with catastrophic events leading to billions of dollars in damage. With changing climate patterns and extended periods of drought, the frequency and intensity of these wildfires have heightened. In […]
10
Oct
Oct
On October 7, 2023, California Governor Gavin Newsom signed into law two climate disclosure and reporting bills: the Climate Corporate Data Accountability Act or Senate Bill (SB) 253, and Climate-Related Financial Risk Act (SB 261). These two laws, together known as the Climate Accountability Package, will require certain public and private companies that conduct business […]
03
Oct
Oct
The need for EV charging stations is increasing as more consumers switch to electric vehicles. As federal and state programs push for the installation of EV charging stations to help with net-zero goals, now is the best time to consider investing in EV charging for your properties. There is a plethora of EV charging funding […]
02
Oct
Oct
Published September 2023 As CRE investors and stakeholders continue to pursue sustainability and decarbonization efforts to support their ESG policies, one effort should not be overlooked when assessing the overall efficiency of a property. The installation of electric vehicle (EV) charging stations on commercial real estate properties has multiple benefits, not only contributing to a […]
25
Sep
Sep
Multifamily buildings are a significant source of energy consumption and greenhouse gas emissions in the United States. According to the U.S. Energy Information Administration (EIA), multifamily buildings account for 17% of the total residential energy use and 14% of the residential CO2 emissions in 20191. Most of this energy is used for space heating and […]
18
Sep
Sep
Partner Energy’s Green Certification consulting practice has grown over the years, and is seeing a continuous demand for certifications in commercial real estate. In the last year, Partner Energy has also begun offering certification consulting and support for BREEAM and IREM Certified Sustainable Property (CSP) in addition to other well-established certifications such as ENERGY STAR®, […]
29
Aug
Aug
With increasingly unpredictable weather patterns and the growing threat of wildfires, the importance of property resilience measures cannot be overstated. Implementing such measures help to fortify properties against natural disasters, minimize the potential damages, reduce downtime, and increase property value. The lone “miracle house” that survived relatively unscathed after the Maui fire while the houses […]
23
Aug
Aug
Published August 2023 The withdrawal of larger insurance companies from certain markets has left property owners in a scramble to secure coverage since property insurance is required by lenders. While insurance policies and premiums may require time to catch up with property resiliency efforts, property owners and investors should consider proactively upgrading their properties. In […]
03
Aug
Aug
by J.R. Lephew and Molly Gracia Since the signing of the Inflation Reduction Act (IRA) in late summer 2022, the commercial real estate industry has been aglow from the potential for much needed funding to support their ventures and bolster transaction volume. The overall goal and mission of the many Partners, such as investors, developers, […]