Publisher's Watch

The green and sustainability movement is creating opportunities in areas outside of the real estate and construction industries. According to a study published by PricewaterhouseCoopers titled, "Technology Executive Connections: Going Green: Sustainable Growth Strategies," technology corporations entered the green world as a way of making a contribution towards a cleaner planet. However, many of these same corporations are now seeing economic benefits in the creation of newer, cleaner, and more energy-efficient products.

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In a little spot Down Under the Manhattan Bridge Overpass, the Brooklyn neighborhood known as DUMBO has taken a dramatic step into the green era by launching a sustainability program called SEED. Smart Environmental Efforts in DUMBO is designed with a "foundation of five initiatives that encourage public recycling, alternative modes of transportation, consumption reduction, greater energy efficiency, and environmental education."

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The United States Green Building Council has just announced that it is doubling its Local LEED for Homes Network. This program, which was launched in December 2007, is a national, third-party certification system that was designed to help developers, architects, and designers utilize LEED protocols in the building of new homes.

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There is no shortage of green and sustainable commercial buildings that are either currently in development or slated to be built. However, what do we do with approximately 4.5 million existing commercial properties that were not built with sustainability in mind? Are the majority of today's commercial buildings effectively obsolete and in need of replacement?

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