The New, Old Real Estate: Capturing Value, Sustainability, and Community Impact by Repositioning Older Buildings

In dense urban markets, repurposing existing buildings offers a sometimes-hidden opportunity to unlock enormous value while drastically reducing the environmental impact of construction.

In the recent ULI webinar titled Breathing New Life into Old Bones, part of the 2020 ULI Spring Meeting Webinar Series, four experts in design, development, and sustainability explored the opportunities and challenges inherent in repositioning buildings….
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Changing ULI and Our Communities

The past several months have been challenging and disorienting for all of us due to COVID-19. And now, with the senseless killing of George Floyd, we are witnessing protests across many cities, at times violent, as frustrated citizens seek to be heard. In the midst of this turmoil, ULI recognizes the importance of our mission now more than ever: to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. At the heart of this mission is a belief that our communities can only truly thrive if they are built on the foundations of diversity, inclusivity, and social equity. In short, our communities must work for everyone….
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Real Estate Community’s Role in Pushing Cities Forward on Climate Policy Despite COVID-19

More than 70 cities worldwide have pledged carbon neutrality by 2050, and because buildings contribute upwards of 70 percent of a city’s emissions, a wide range of policies addressing energy use and emissions in buildings are under consideration in major cities across the United States. Already, over 31 U.S. cities have set energy benchmarking policies for buildings, with 15 also requiring that structures meet performance targets or undertake energy audits. Other cities have passed stricter energy codes, building rating systems, emissions targets, all-electric building ordinances, and renewable energy targets. Even as COVID-19 upends daily life and business, new climate policies are being passed, including Columbus, Ohio’s Energy and Water Benchmarking and Transparency Ordinance and St. Louis, Missouri’s Building Energy Performance Standard Bill, which will be discussed in more detail below….
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U.S. Multifamily Owners Hold Tight, Plan for the Future at Increased Utility Loads

While some large buildings are largely empty in the near term, multifamily real estate is facing the opposite challenge: unprecedented continuous occupancy. Residents are working from home and staying at home—cooking more meals at home, using other appliances more or less all day, in addition to elevated use of heating and cooling systems. The properties may be seeing more elevator trips, more in-and-out foot traffic with food and package deliveries, more outside air ventilation, and the need for more intensive and frequent cleaning of common areas….
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Time for Change

The past several months have been challenging and disorienting for all of us due to COVID-19. And now, with the senseless killing of George Floyd, we are witnessing protests across many cities, at times violent, as frustrated citizens seek to be heard. In the midst of this turmoil, ULI recognizes the importance of our mission now more than ever: to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. At the heart of this mission is a belief that our communities can only truly thrive if they are built on the foundations of diversity, inclusivity, and social equity. In short, our communities must work for everyone….
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Optimizing for Empty Buildings: Energy Efficiency Approaches during COVID-19

In many cities around the world, the bulk of office employees are working from home, retail shops are closed or operating at reduced capacity, and hotels are largely quiet. In the face of unprecedented economic realities, commercial real estate owners are facing the potential for reduced capacity for an undetermined amount of time. Given this uncertainty while buildings are temporarily empty or drastically reduced in usage, owners can optimize these empty buildings’ operations to help their bottom line….
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ULI Earns 2020 Energy Star Award for Excellence

ULI has received the 2020 Excellence in Energy Star Promotion Award for its efforts in promoting energy-efficient and sustainable buildings, and its thought leadership on energy conservation throughout the real estate sector. The Energy Star Excellence in Promotion Award is given to organizations that planned and executed outstanding marketing or consumer education campaigns on Energy Star and made important contributions to energy efficiency….
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ULI Tenant Energy Optimization Program: Rocky Mountain Institute Case Study

In 2015, Rocky Mountain Institute (RMI), an international nonprofit organization, had outgrown its office space and wanted to lease space in a hyper-energy-efficient and sustainable net-zero-energy (NZE) office building. As a result, RMI ended up as the anchor tenant in Boulder Commons, an all-electric, aspiring NZE property in Boulder, Colorado. …
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