Through building optimization, Goldman Sachs Asset Management has been able to find ways to increase property value and reduce costs while helping mitigate climate change. Two properties that exemplified these efforts in 2020 are 895 Dove and 2001 Broadway.
RUDIN MANAGEMENT COMPANY, a private and diversified real estate owner, began investing in real estate technology in 2009. Rudin’s strategy is to invest in technologies that enhance its business by making buildings run more efficiently, lease up faster, and improve tenant retention. Rudin is committed to the sustainable management of its portfolio and constantly evaluates its portfolio for opportunities to upgrade building systems and components with state-of-the-art, efficient equipment and technologies.
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.
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.
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.
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.
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 […]
The historic Hahne & Co. building was redeveloped by a joint venture between affiliates of L+M Development Partners Inc., Prudential, and Goldman Sachs from a once grand but vacant department store into a lively mixed-use development in the heart of downtown Newark, New Jersey.