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Green Development Remains a Local Issue

LAKE BUENA VISTA, FL-Experts say building owners are on their own when dealing with cities.

By Carl Cronan | Updated on November 10, 2008

(Carl Cronan is editor of Real Estate Florida.)

LAKE BUENA VISTA, FL-Commercial real estate owners who want to make their buildings more environmentally sustainable will need to act on their own accord for the time being, at least until local governments can reach some sort of commonality as to which green steps are appropriate, say panelists at this year’s CoreNet Global Summit at Walt Disney World’s Dolphin Resort. While municipalities are pressing developers to build green, experts point out that those rules tend to vary from one metropolis to the next.

At least 900 members of the US Conference of Mayors, predominantly from the nation’s largest cities, have signed a Climate Protection Agreement aimed at reducing greenhouse gas emissions by 7% through 2012, based on a 1990 benchmark. However, ordinances set by those cities create potential confusion for office owners whose portfolios extend to several different markets, observed David Sykes, managing director of Cambridge, MA-based Remington Partners.

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