CPN - February 2009 - (Page 23)

INDUSTRY PULSE SUSTAINABILITY Presidential Policies How Much Will Obama’s Energy Objectives Impact Commercial Property? By Jennifer Duell resident Barack Obama took his place in the White House with big plans to improve the country’s energy and environmental policies. If they go through as planned, his initiatives could have a significant impact on the commercial real estate industry, particularly developers and owners that house federal government agencies. In January, Obama spoke at George Mason University, outlining his American Recovery and Reinvestment Plan. During the speech, he addressed energy and energy efficiency.“To finally spark the creation of a clean-energy economy, we will double the production of alternative energy in the next three years,” he declared.“We will modernize more than 75 percent of federal buildings and improve the energy efficiency of 2 million American homes, saving consumers and taxpayers billions P The Energy Indepenon energy bills. In the dence and Security Act of process, we will put Ameri2007, signed into law by cans to work in new jobs President Bush in Decemthat pay well and can’t be ber 2007,has already estaboutsourced—jobs building lished the groundwork for solar panels and wind turObama’s goals, according bines, constructing fuel-effito David Winstead, who cient cars and buildings and served as the commissiondeveloping the new energy er of the General Services technologies that will lead to Administration’s Public even more jobs, more savBuildings Service for the ings and a cleaner, safer planThe General Services Administration’s 588,000-square-foot past three years. The act et in the bargain.” Social Security Administration building in Birmingham, Ala., Obama says he will developed by The Opus Group, features a raised floor system, requires all lighting in federal buildings to incorpomake the federal govern- natural light harvesting and an 83,145-square-foot green roof. rate Energy Star products, ment a leader in the green building market, focusing on of all federal buildings by 25 per- and new and renovated federal both new and existing federal cent and all new federal build- buildings must reduce fossil fuel buildings. The federal govern- ings by 40 percent within five use by 55 percent from 2003 levels ment is the world’s largest single years. Overall, he wants to reduce by 2010 and 80 percent by 2020.All consumer of energy, spending federal energy consumption by new federal buildings must be car$14.5 billion on energy con- 15 percent by 2015 and wants all Continued on page 26 ® sumption in 2008. Obama seeks new federal buildings to be carFor more development stories, visit www.cpnonline.com/development. to improve the energy efficiency bon neutral by 2025. Digital Resources for Commercial Real Estate Executives Tune in, view or blog when it’s convenient. Our digital resources are available to you 365/24/7. Exclusive interviews with high-profile industry experts, personalities and CPN Executive of the Year award winners John Cushman, chairman of Cushman & Wakefield Inc.; Mark Rauenhorst, chairman & CEO of Opus Group and Gordon DuGan; president & CEO of W. P. Carey & Co. discuss their outlook and strategies for this difficult market. Launching CPN’s CEO Series, Cushman & Wakefield Inc. chairman John Cushman, CPN’s Lifetime Achievement award winner, offers his insights into the commercial real estate industry’s past and current shifts and how it will have to change for the future. Daily broadcasts and weekly updates on the industry, economy and commercial real estate sectors. Now featuring broadcasts from major industry authorities RICS, RDM and USGBC. CPN expert blog site, including video! Join the discussion… The digital edition of our monthly magazine Webcasts/Webinars – Special audio and video Webcast series with panel discussions, Q&A and more. www.cpnonline.com www.cpnonline.com • February 2009 • COMMERCIAL PROPERTY NEWS 23 http://www.cpnonline.com/development http://www.cpnonline.com http://www.cpnonline.com http://www.cpnonline.com http://www.cpnonline.com

Table of Contents Feed for the Digital Edition of CPN - February 2009

CPN - February 2009 Contents Starting Line Buzzworthy Office Data/Analysis Washington, D.C., Market Profile Ranking: Mortgage Banks & Brokerage Firms Top Deals of 2008 Mortgage Banking Mexico Brokerage Sustainability CPN-Nielsen Claritas Special Report Resource Guide

CPN - February 2009

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