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Financial Incentives Move Developers to Green

WASHINGTON, DC-Some 350 real estate practitioners, developers, owners, investors and financiers are expected to attend Real Estate Media's RealShare Green Building conference.

By Erika Morphy | Updated on May 20, 2008

WASHINGTON, DC-Building valuations in many commercial real estate markets are in flux; the debt markets for finance remain frozen solid. Yet real estate developers, owners and investors are eager to investigate the return on investment in both developing green buildings and retrofitting existing ones to sustainable standards. Interest in green building has become a marked trend in the commercial real estate space, Real Estate Media’s RealShare conference producer Jason Young tells GlobeSt.com. “The interest is being driven by two main factors: one is the environment aspect, of course. But the other is the economic business case–how improvements, for instance, can add significant resale value to an asset and how a green building can deliver lower operating costs over a period of time.”

In two weeks, on June 3, approximately 350 people will be attending RealShare’s Green Buildings Conference here at the Grand Hyatt Washington. “It is important to note that this will not be a green building 101-type of event,” Young adds. “We will be looking at very sophisticated angles on this subject, most of which are focused on the economics or business case of green building.”

After opening remarks, the conference will kick off with a panel discussion called “the State of the Green Building Market.” Raymond Quartararo, managing director for the northeast region of Jones Lang LaSalle, will be moderating the panel, which will include Paul Beckwith, vice president of Construction at Northeast for Regency Centers, Aaron Binkley, director of Sustainability Programs at AMB Property Corp., James Finlay, vice president at Wells Fargo Bank and Aaron Liebert, SVP and area managing partner at JPI.

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