Environmental, Social and Governance (ESG) and decarbonization initiatives can yield significant advances across the industry, from the important climate benefits to improved investor and community relations. While these are not new concepts – the first solar panels date back to 1954 – they are fresher to commercial real estate as owners and developers as they evaluate how to retrofit existing properties and incorporate elements of sustainability into their projects.
“We’ve been modeling for the U.S. to enter recession this quarter for the last year now,” began Dana M. Peterson, chief economic and center leader for economy, strategy and finance at The Conference Board, to a sold-out audience in a keynote at NAIOP’s I.CON East this week in Jersey City, New Jersey. She explained what a recession would look like, emerging economic trends, and their implications for industrial real estate.
I.CON East: The Industrial Conference tour attendees had the opportunity to see New York from two very different perspectives. With an eye to the past, they explored the historic Brooklyn Army Terminal. With an eye to the future, they visited sites on Staten Island ready to embrace the nascent offshore wind industry.
The NAIOP Research Foundation, as part of its Industry Trends meeting, recently hosted a panel discussion on what’s next for the office sector. The panelists agreed that the sector will undergo a shakeout that will include transformation, streamlining, new approaches to work and holistic solutions.
Members of NAIOP’s National Forums toured two components of the Boston seaport during their annual Symposium, hearing from the developers, investors and advisors shaping the site today.
California’s Title 24, the state’s energy code, has required solar for all low-rise multifamily projects since 2016, but new provisions have gone into effect this year, impacting any projects permitted since Jan. 1, 2023.
McKenzie Darr, a recipient of the 2022 Developing Leaders Award, has a career goal of building bridges – metaphorical ones, that is, between public and private sectors – to advance communities.