The Leader - May/June 2008 - (Page 19)

half-page Carter ad Atl Sta Leader Mag 080012:Layout 1 Gr e e n r e a l e s t a te: WH a t You Really n eeD to kno W 1/11/2008 In the U.S., cities like Boston and Washington, D.C. are mandating LEED standards for privately owned buildings and renovations. Los Angeles and San Francisco will enact such measures this year. Expect many more cities to follow their lead over the next few years. California’s AB 32: Global Warming Solutions Act of 2006 commits the state to reducing its greenhouse gas emissions to 1990 levels by 2020 (that’s a 25 percent cut), and to 80 percent below 1990 levels by 2050. AB 32 incorporates legislation already on the books – including renewable energy and efficiency requirements – with the creation of new regulations that will target, among other things, buildings and development patterns. Where California goes on the environment, other states follow. Of particular importance, most U.S. corporations are now multi-national companies, with facilities and workers around the world, many in countries with green building regulations. These corporations must adopt a uniform company-wide green construction and renovation standard that can then be adjusted to meet local requirements. Green real estate trenDs ATLANTIC STATION IS; Easily accessible from all points of metro Atlanta, with immediate access to I-75 and I-85 Less than 30 minutes from Hartsfield-Jackson International Airport via automobile or MARTA train home to three of Atlanta’s top 20 law firms and two of the top four commercial banks in Georgia Corporate real estate and workplace executives also need to know about the current green real estate trends that will directly affect them, their buildings, and their companies in the near future. Trend #1: A Green Retrofit/Renovation Boom. “There are far more existing buildings in the U.S. than new buildings being constructed, basically a 99-to-1 ratio,” says Rick Fedrizzi of the USGBC. “Green will probably comprise 80 percent to 90 percent of the renovation/redevelopment market.” Trend #2: New Workplace Locations of Choice. Companies will begin selecting transit-oriented sites for new development, and buildings in pedestrian-friendly transit-oriented urban and suburban districts, to reduce their greenhouse gas emissions through external mobility and to improve their work force’s productivity. Smart companies will also move away from areas severely impacted by global climate change, including coastal cities prone to hurricanes and rising sea levels and cities with extreme temperatures, like Phoenix, Ariz., whose average temperature has already risen five degrees since the 1960s. Some experts predict that Phoenix’s average temperature will rise another 15 to 20 degrees over the next generation, because of the urban heat island effect. Summer temperatures regularly hit 110 degrees now. 201 17th Street; 350,000 RSF Class A office tower: 210,000 RSF available immediately: LEED certified “Gold” 271 17 th Street; 535,000 RSF Class A office tower under construction: 290,000 RSF available Spring 2009: LEED pre-certified “Gold” for additional information contact; Mike Shelly Sonia Winfield 404.888.3061 404.888.3195 mshelly@carterusa.com Developed by: swinfield@carterusa.com Leased and Managed by: Awarded NAIOP’s 2007 Office Developer of the Year in Atlanta t He l e a Der 19 M aY / j u n e 2 0 0 8 http://www.atlanticstation.com http://www.atlanticstation.com

Table of Contents Feed for the Digital Edition of The Leader - May/June 2008

The Leader - May/June 2008 Leadership Contents Message from the CEO Real Estate in the News Green Real Estate Work Without Boundries Building Flexibility Into the Business Strategy Multi-Generational Work-Force Design Work Force Longevity Analysis Wells Fargo's David Nelson Pennsylvania's Michael Rossman Globalization 2.0 Site Selection Consultant Directory The New York Report: A Core of Traditional and State-of-the-Art Opportunities Discovery Forum Findings Industry Tracker Young Leader Career Development Effective Leadership Economic Development in the News A Look Ahead In Our Next Issue Calendar of Seminars Index of Advertisers Executive Development Spotlight

The Leader - May/June 2008

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