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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.
ULI Greenprint Annual Performance Report Vol 11 – Lasalle Prioritizes Waste Reduction Through Occupant Engagement
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.
ULI Greenprint Annual Performance Report Vol 11 – AXA IM Optimizing Heating Management with Temperature Sensors
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.
Based in Singapore, a high-physical-risk city for water scarcity, according to the World Resources Institute, City Developments Limited (CDL) has a strong focus on sustainability, with water conservation being a top priority. CDL tackles water reduction with a holistic, life-cycle approach and analyzes its entire portfolio to achieve high levels of water reduction each year. In 2019, CDL was the only company in Southeast Asia and Hong Kong to achieve the CDP A List for water security, an affirmation of CDL’s effective water management strategy.
Kilroy Realty Corporation has initiated solar projects on 11 properties in California as part of the firm’s efforts to reduce carbon emissions across its 14.3 million-square-foot portfolio. The company has reduced energy consumption by 17 percent since 2010 and has committed to achieving carbon-neutral operations by the end of 2020.
ULI Greenprint Annual Performance Report Vol 11 – Centerpoint Industrial Repositioning with Indoor and Outdoor Water Savings
CenterPoint’s tight-timeline warehouse repositioning in Buena Park, California, was aimed at offering the building’s new tenant significant water reductions while also focusing on the overall sustainability and energy of the asset. As an infill warehouse near the ports of Los Angeles and Long Beach as well as Los Angeles International Airport, location was just one factor attracting a large tenant, Unified Network Information Services. The company signed a seven-year lease to occupy the 1.07 million-square-foot property in large part because CenterPoint’s US$20 million repositioning efforts offered significant water savings and other energy and sustainability features in the near and long terms.
Parkway began a major push in 2017, which continues today, to improve overall recycling rates and reduce waste-hauling costs across its portfolio. Continued focus on waste management programs has helped increase the recycling rate portfolio-wide to 52 percent in 2019, which is bringing the company closer to its goal of 75 percent waste diversion by 2025.
ULI Greenprint Annual Performance Report Vol 11 – Solar Facade at Hudson Pacific Property’s Epic Asset
Solar panels line the building envelope at EPIC, a Hudson Pacific Properties 13-story class A office complex in Los Angeles successfully marrying aesthetically pleasing design with carbon reductions. The asset is the first large commercial building in LA to implement building-integrated photovoltaics (BIPV).
Summary of Wyandanch Village Wyandanch Village is a 40-acre, community-led redevelopment project designed as a comprehensive, “smart growth” transit-oriented development (TOD) located in the hamlet of Wyandanch, a historically underserved community within the town of Babylon, in New York’s Suffolk County, located on Long Island. This comprehensive, multiphase, mixed-use, mixed-income project was made possible by […]