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Unpacking the Net Zero Building: What Developers Need to Know
Net zero buildings, or properties that produce as much energy as is consumed over the year, may soon become an important part of your firm’s efforts to meet Environmental, Social, and Governance (ESG) targets. The White House set a goal to make zero emissions new construction and retrofit common practice by 2030. To help public…
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A Real Estate Developer’s Inflation Reduction Act Guidebook
The Biden Administration signed the Inflation Reduction Act into law in August of 2023, and the legislation is intended to strengthen the economy, invest in energy security, promote climate resilience, and lower healthcare costs for consumers. The United States Department of Treasury will be responsible for implementing major components of the law, such as tax…
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How Tech Makes Real Estate Development Sustainable and Profitable
Sustainability is transforming commercial real estate. Commercial properties are responsible for 40% of global emissions, and as climate change poses an increasing risk, real estate stakeholders are investing in solutions to preserve the returns and longevity of assets. As a result, sustainable development practices and Environmental, Social and Governance (ESG) initiatives have become the largest…
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How Shifting Parking Minimums Impact CRE Development
Parking minimums, which mandate a fixed number of off-street parking spots owners must provide for every residential, commercial, or office building, have been a part of state and local policy in the United States since the post-war era. Zoning codes started to include parking requirements to address concerns around congestion, ensure businesses could succeed, and…
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CRE Developers’ Guide to Transit-Oriented Community Incentives
Efforts to boost housing production and encourage sustainable communities often include transit-oriented development initiatives and incentives. Transit-oriented development (TOD) is a trend toward integrated urban spaces that allow for people, buildings, and public space to coexist, with easy cycling or walking access and transit service to job-rich city areas. In order to spur housing production…
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Shifts in U.S. Industrial Hotspots Forge New Development Opportunities
The pandemic was an epic disruptor. In a matter of weeks, it grounded international travel, sent millions of workers home from the office, froze commerce and upended global supply chains. The long-term effects of these changes are still manifesting, but they are proving to be significant. While the commercial real estate industry has focused on…
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5 Ways Sustainable Building Materials Are Replacing Old Standards
In the last few years, the commercial real estate industry has made an ardent effort to confront climate change. Commercial buildings are responsible for 39% of global energy-related carbon emissions, according to the World Green Building Council. Building operations, like heating, cooling and power, are responsible for the majority—about 75%—of a building’s carbon footprint; so,…
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Why You Should Pay Attention to the Accessory Dwelling Unit (ADU) Debate
Housing shortages in the United States are driving an increased interest in accessory dwelling units (ADUs) among cities, counties, and homeowners. ADUs, which have strong appeal as a housing option for young people, couples, small families, or seniors, are self-contained apartments, cottages, or other small residential units located on the same property as a separate…
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Green Initiatives Shaping the Future of Mixed-Use Construction
Mixed-use development projects are a cornerstone of sustainable urban planning, providing high-density housing near transportation and promoting walkable communities. Green initiatives are continuing to shape the future of mixed-use construction, and your development team will want to stay out front of these trends. From Leadership in Energy and Environmental Design (LEED) certification to adaptive…