Join Us at the Green Building Finance and Investment Forum West
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Have you heard about the upcoming Green Building Finance & Investment Forum? We’re posting the fast facts here for those readers who have been asking via blog comments and direct emails to us about the details.
What: Green Building Finance & Investment Forum - West
When: 2-4 March 2009 (Monday through Wednesday)
Where: Hyatt Regency, San Francisco
Why We Recommend This Conference
Produced by Infocast, and sponsored by Galley Eco Capital, this conference is for commercial real estate professionals focused on the investment and finance side of sustainable and triple bottom line real estate — green real estate investors, developers and their capital sources.
The particular value of this meeting comes from the amount of attention paid to authenticity and high quality, pragmatic info: all the speakers are on the ground pacesetters who are actively advocating for green real estate and doing deals in the space. The audience is well-informed and outspoken in their comments and critiques. We work very hard to structure a program that delivers lots of specific drill-down as well as quality networking.
For a primer on the type on content that you can expect from this forum, check out our detailed summaries of this past September’s Green Building Finance and Investment Forum East, held in New York.
Galley Eco Capital is sponsoring this forum for the third time. We do it because we greatly enjoy the relationships and business that has come from the community of professionals that repeatedly visit this forum. They are sharp, positive and keep us all on our toes.
In addition to keynotes by Sam Adams, Mayor of Portland and Dave Williams, CEO of ShoreBank Pacific, our own Lisa Michelle Galley will chair the meeting and will also present during the workshop titled Designing, Developing and Financing Bright Green Communities.
Other forum topics include:
- Financing Energy Efficiency Retrofits
- Portfolio Owners & Pension Fund Perspectives
- Triple Bottom Line & Green Real Estate Investment Funds
- Brewery Blocks: A Case Study in Maximizing Investment Value
- Green Leases
Please contact us if you would like to to meet with us during this event.
We look forward to seeing you there.
Waiting for Stimulus Bill Funding to Green Your Commercial Property?
Commercial property investors are so busy stabilizing their weakened portfolios, that it’s no wonder that the news of an impending stimulus package makes everyone hopeful.
Over the past few days we have received several summaries of the announced House Stimulus bill that is being proposed by the Obama administration. We found a brief, quick summary of the Stimulus Bill here that you can take a look at.
The news for green real estate finance and investment?
The federal government’s focus within this bill is on several sectors closely tied to federal contracting, community and private residential activities. But not much of anything for investment commercial real estate (sigh). Particularly, not for the greening of your commercial real estate assets.
Residential housing does garner some funding. But when you do some basic math, you can quickly estimate that it does not translate into larger dollars per homeowner (i.e. questionable effect at that level).
Is this wrong?
Remember, commercial property owners with federal and state tax liability may still qualify for federal incentives to offset the cost of energy efficiency retrofits, depending upon the level of energy demand reduction that they achieve. That is in addition to any other utility rebates and state incentives their projects qualify for — such as renewable energy, for example.
Of course, it would have been better if the federal government had included funding for green or energy efficient retrofits to commercial real estate now that so many property owners are on board with greening their properties.
But apparently we’ll have to see if the directing of funding to these other sectors may indirectly help markets where green properties operate.
Your thoughts? Do you think that the proposed Stimulus Bill should contain specific funding for the greening of commercial real estate?
