Presenting a live 90-minute webinar with interactive Q&A. Today s faculty features:

Transcription

1 Presenting a live 90-minute webinar with interactive Q&A Energy Benchmarking and Disclosure for Commercial Property: New State and Local Mandates Implications for Construction, Sale, Leasing and Operation of Commercial Buildings THURSDAY, MAY 10, pm Eastern 12pm Central 11am Mountain 10am Pacific Today s faculty features: Brad A. Molotsky, Partner, Duane Morris, Cherry Hill, N.J. Dana Schneider, Managing Director, Jones Lang LaSalle, New York Jeannie Renne-Malone, LEED AP, ENV SP, GGP, Vice President, Sustainability, Prologis, Denver Jayson Antonoff, Associate Technical Director, Institute for Market Transformation, Washington, D.C. The audio portion of the conference may be accessed via the telephone or by using your computer's speakers. Please refer to the instructions ed to registrants for additional information. If you have any questions, please contact Customer Service at ext. 1.

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5 Energy Disclosure Mandates State and Local Impact on Commercial Real Estate May 10, Duane Morris LLP. All Rights Reserved. Duane Morris is a registered service mark of Duane Morris LLP. Duane Morris Firm Offices New York London Singapore Philadelphia Chicago Washington, D.C. San Francisco Silicon Valley San Diego Shanghai Taiwan Boston Houston Los Angeles Hanoi Ho Chi Minh City Atlanta Baltimore Wilmington Miami Boca Raton Pittsburgh Newark Las Vegas Cherry Hill Lake Tahoe Myanmar Oman Duane Morris Affiliate Offices Mexico City Sri Lanka Duane Morris LLP A Delaware limited liability partnership

6 Overview of Today s Presentation: Introductions States and Municipalities with Mandates Numerics regarding Energy Star, Well and LEED 179D and has it worked? Owners have they embraced energy efficiency? Tenants have they embraced energy efficiency? What is next for energy efficiency? Q/A from the audience *Source: New Frontier 6

7 Today s Presenters Who Are You? Jayson Antonoff Institute for Market Transformation Brad A. Molotsky, Esquire Duane Morris LLP Jeannie Renne-Malone, Prologis Dana Schneider, Jones Lang LaSalle 7

8 Today s Presenters Who Are You? Jayson Antonoff Institute for Market Transformation jayson@imt.org 8

9 Today s Presenters Who Are You? Brad Molotsky, Esquire - Duane Morris LLP bamolotsky@duanemorris.com 9

10 Today s Presenters Who Are You? Jeannie Renne-Malone, Prologis jrenne-malone@prologis.com 10

11 Today s Presenters Who Are You? Dana Schneider, Jones Lang LaSalle dana.schneider@am.jll.com 11

12 State and Local Mandates - Buildings Matter! America s buildings use more energy than any country in the world besides China and the United States Costing more than $450 billion annually 12

13 Energy Benchmarking and Transparency

14 Benchmarking and Transparency 14

15 Cities are Focusing on Buildings Providing solutions to market barriers by collecting and making available energy performance data to real estate markets Helping building owners prioritize energy efficiency by effectively communicating opportunities for improvement Working with utilities and efficiency administrators to offer efficiency programs Using real, current, local data in city climate and energy planning 15

16 Current Policy Landscape for Cities 16

17 Demonstrated Energy Savings Buildings that are required to consistently benchmark their performance demonstrate strong energy savings Chicago DC New York City San Francisco 10% ( ) 9% ( ) 6-14% ( ) 7.9% ( ) $267 million in cumulative savings 17

18 Building Scorecards City of Seattle City of Philadelphia 18

19 Seattle s Data Visualization Site 19

20 Physical Building Labels 20

21 Benchmarking and Transparency 21

22 Why Should Real Estate Professionals Care? Due diligence energy and water performance will have a +/- impact on property desirability and valuation In some markets, buildings that are performing below certain levels may be required to take additional steps, such as completing an audit or retrocommissioning Legal requirement failure to be in compliance could carry risk of fines, loss of certificate of occupancy, or other ramifications 22

23 179D Has it Worked and if not why not? What is it? Why wasn t it used? Still viable? 23

24 Owners Have they embraced EE? Who? Where? All product types? Does Size Matter? Does mandatory benchmarking matter? 24

25 Tenants Do they care? Yet? Who? Where? All product types? Does Size Matter? Does mandatory benchmarking matter? 25

26 What is on the horizon for Energy Efficiency? Solar for buildings? CHP? Ice Storage? IoT? Interplay with WELL building and need for more ventilation? 26