LASALLE INVESTMENT MANAGEMENT, a global real estate investment manager, is committed to reducing the environmental impact of its business and collaborating with stakeholders to sustainably manage properties. LaSalle’s sustainability team relies on property managers and building staff to support and implement sustainable operations. LaSalle’s Sustainability Management Program engages these teams by conducting property-specific outreach on a quarterly basis and providing all properties with training, tools, and resources, such as its GreenGuide, which highlights 10 best practices, from energy efficiency to staff education strategies.
HEITMAN invests today with a focus on the future, believing environmental, social, and governance excellence leads to a better tomorrow. In 2017, Heitman certified 26 properties under the Institute of Real Estate Management’s (IREM) Certified Sustainable Property (CSP) volume certification and two years later, in 2019, Heitman certified 35 properties under IREM’s CSP.
JAMESTOWN is a design-focused real estate investment and management company that specializes in adaptive reuse, with a mission to transform spaces into innovation hubs and community centers. Jamestown’s Ponce City Market is a result of the transformation of a former Sears, Roebuck & Co. building, originally constructed in 1926, into a mixed-use community hub with office space, retail space, restaurants, and 259 multifamily residential units. The project, which opened in 2015, highlights the impact that building reuse has on a project’s ability to reduce material waste and increase authentic placemaking.
At LENDLEASE, an international property and infrastructure group, sustainability is integrated across all lines of business. The company’s approach is guided by its Sustainability Framework and measured against sustainability performance targets. When Lendlease operates as a construction contractor, one key area of opportunity is to prevent, reduce, and ultimately aim to eliminate construction waste at job sites
GERDING EDLEN—a real estate investment, development, and asset and property management firm—pursues green certifications for each asset in its portfolio, aiming to achieve LEED Gold certification or higher for all new developments.
CRESCENT COMMUNITIES—a real estate investor, developer, and operator of mixed-use communities in the United States-designs all commercial properties with a focus on individual tenants and their health and happiness. To ensure that sustainability and wellness standards are incorporated into all new building designs and to optimize the building design process by providing architects and engineers with clear guidelines, Crescent Communities seeks green building certifications for its properties.
BROOKFIELD PROPERTIES’ development group, a real estate operating company within Brookfield Asset Management, integrates ESG principles throughout all new mixed-use developments. To guide the design process, Brookfield created a set of design standards that assist all project teams in identifying best practices in sustainability, health and well-being, technology, design, and procurement. Although these standards represent a baseline for quality that all Brookfield assets are expected to attain, there is also room for innovation within individual projects and evolution as technologies and market expectations change. These standards leverage lessons learned and cover a wide range of categories:
The redevelopment of LBA Realty’s Park Place corporate campus in Irvine, California, achieved significant energy reductions translating to US$142,000 in savings through lighting improvements as part of a larger property renovation. The campus spans 1.8 million square feet and has 105 acres of mixed-use assets including office, residential, and retail.
LaSalle Investment Management acquired and started renovations on Shanghai International Plaza (SIP), a mixed-use office and retail property in 2018. Upon completion, LaSalle began an occupant waste diversion initiative with tenant engagement reaching almost all tenants for participation in waste reduction efforts within a four-month period.
AXA Investment Managers (AXA IM) installed temperature sensors in its Finnish multifamily assets to optimize heating management. In colder-climate winter months, heating costs and use can add up quickly and significantly affect energy savings potential, as well as net operating income and net rental income.
