Welcome to the Commercial Real Estate Expert Blog! A host of industry leading real estate professionals, lawyers, and consultants providing the latest in real estate relevant news and advice.
Start End Conference Location 1 5 ICBA National Convention Orlando, FL 2 4 CLRM Roundtable Phoenix, AZ 3 3 CREJ: Multifamily Owners and Managers Conference and Expo Englewood, CO 3…
Partner Engineering and Science, Inc.’s Bob Geiger and Joanne Choi discuss Chicago’s new benchmarking ordinance and the requirements for compliance. In September 2013, the Chicago City Council approved the Building Energy Use Benchmarking Ordinance in Chapter 18-4 of the Chicago Municipal Code. The Chicago Energy Benchmarking Ordinance became effective on September 21, 2013 and requires building owners with over 50,000…
The State of California as well as individual municipalities within California are on the forefront of energy disclosure. Section 25402 of the California Public Resources Code requires benchmarking and disclosure of energy usage of commercial properties. Energy benchmarking can be conducted through the EPA’s Energy Star Portfolio Manager, which provides ratings based on energy usage…
Partner Engineering and Science, Inc. is pleased to launch our spring webinar series. This series offers new and updated webinars that discuss commercial real estate trends, standards updates and changes as they affect the commercial real estate industry. Registration for all webinars is at no cost to industry professionals. Webinar Topics Include: The Essentials of Seismic Risk…
The benefits of green building and energy efficiency are real and increasingly want to be realized by commercial real estate investors and tenants alike. Partner Engineering and Science, Inc.’s green retrofit of their new company headquarters in Los Angeles provided Partner with firsthand experience in realizing those benefits. By undertaking this project Partner is now…
Engineering due diligence is an important part of the property transaction process. Like environmental due diligence, there are a variety of engineering due diligence products to assist in evaluating an asset. Engineering due diligence can provide a wealth of knowledge about the physical condition of a property. During a Property Condition Assessment, the building systems…
During the acquisition, refinance or foreclosure of a property, it is important to understand the asset’s potential environmental liability in order to protect your investment and to weigh the risks associate with that investment. This means making sure that there is no major environmental liability associated with the current or past use of the subject…
It’s been a full month since this year’s MBA CREF conference and time to look back at the conference happenings. During the 2013 MBA CREF conference that took place from February 2 through February 6, the California Mortgage Bankers Association (CMBA) presented their State of the State breakfast. This year, Mary K. Ludgin, Ph.D., Managing…
Last week’s RealShare Apartments conference in Los Angeles was the place to be for multifamily investors, lenders and brokers. With almost 2,000 attendees, this was one of the best turnouts ever. Enthusiasm continues to be high for multifamily properties, despite signs of a returning single-family housing market. For example, while rent hikes could drive some…
Affordable housing sponsors and developers seeking to utilize tax credits or private activity bonds through California Tax Credit Allocation Committee (CTCAC) and the California Debt Limit Allocation Committee (CDLAC), respectively, for rehabilitation projects must reduce the projects’ energy consumption. The energy reduction must be documented by submitting the California Energy Commission HERS II energy consumption…
