Search
 

Panel: Green Revolution Is Already Here

NEW YORK CITY-Everyone from tenants to lenders to government is making sustainable buildings inevitable, says a panel convened by Incisive Media.

By Paul Bubny | Updated on November 12, 2008

These are excerpts from a roundtable discussion sponsored by Incisive Media and Williams Real Estate. The full text will appear in the December issue of Real Estate New York magazine.

NEW YORK CITY-Eighteen months ago, recalled construction attorney Kenneth Block, discussions about green building tended to revolve around the question of whether the cost and effort were justified. Now, said a panel of experts Monday evening, everyone from tenants to lenders to government is making it all but essential.

“The state of the art will be green,” said Block, partner at Tannenbaum Helpern Syracuse & Hirschtritt LLP. “There’s no question about that.” Block pointed out that as part of their more stringent standards, lenders will insist on the-state-of-the-art when it comes to financing new construction. Moreover, government is leading the way in mandating green standards, he added.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.