Tag Archives: energy efficiency

A class act: Spalding University greens campus and community

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In an effort to improve its campus, Spalding University brought green and sustainable enhancements to the surrounding urban community.

In 2003 Spalding University, a private, liberal arts college located in downtown Louisville, Kentucky, committed to improving its campus and facilities. Spalding partnered with JLL’s Integrated Facilities Management service team to bring about the improvements, while controlling costs under the university’s tight budget. Over the years, Spalding has made environmental protection and sustainability a core part of its mission to not only enhance the campus, but also the surrounding community and neighborhoods.

Now, nearly 15 years into our partnership, Spalding’s mission has expanded far beyond original expectations. Working collaboratively, JLL helped Spalding achieve its ambition to become a sustainability leader in the community through the planning and renewal of Louisville’s South of Broadway “SoBro” neighborhood.

As part of the SoBro neighborhood development team, JLL uncovered opportunities for Spalding to contribute improvements to the community by transforming parking lots around the school into green spaces and parks. Spalding has more than doubled its acreage from 10.65 acres to more than 23 acres, adding almost three acres of green space to its campus and acquiring additional land for conversion into green space. While Spalding’s footprint has grown significantly, the facility management budget has not.… Read More

Real estate’s role in developing smart cities

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Cities are expanding at an unprecedented rate and so is their complexity. By 2050 the world will be populated by an estimated nine-billion people. Seventy percent of people will live in urban areas, many of them in new towns and mega-cities.

In order to be competitive, cities will need to be sustainable, have good transportation systems, and have high-density, mixed-use and efficient infrastructure with low carbon emissions. To support their vast urban populations, cities will increasingly rely on smart infrastructure to efficiently deliver vital services, such as power, water, public transit, distribution of goods and services, waste management and security.

The Smart Cities Council defines smart cities as those that have “digital technology embedded across all city functions,” while the Institute of Electrical and Electronics Engineers describes them as “bringing together technology, government and society” across the economy, mobility, environment, people, living and governance.

There are several reasons that smart cities should be of interest to developers, long-term investors and corporate real estate professionals. Perhaps the most obvious is that smart, sustainable cities command higher land and property values, which attract large-scale investors.

However, the real estate industry needs to understand that the buildings sector plays a huge role in helping to make cities smart. That is because the key to smart cities is data analytics – an important element of which relates to the millions of buildings and the huge masses of population that they accommodate. To gain maximum value from owning or managing assets in a smart city, the real estate itself should also be ‘smart’. Smart buildings and smart cities both generate and require big data.… Read More

The bottom line of green building practices

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Understanding the true value of green building practices – from employee satisfaction to environmental performance – has long been a real estate holy grail. Two new studies bring us closer than ever to seeing its value across the real estate spectrum.

A U.S. Department of Energy study, Utilizing Commercial Real Estate Owner and Investor Data to Analyze the Financial Performance of Energy Efficient, High- Performance Office Buildings, tries to get an understanding of how sustainable design impacts value by correlating energy efficiency and financial performance. The dataset includes 131 properties throughout the U.S. with an aggregate area of 25 million square feet. The regression analysis shows that green properties experience a 28.8 percent increase in Net Operating Income per square foot, and a 17.6 percent reduction in operating expenses per square foot when compared to non-green properties.

The recent Continental Automated Buildings Association study, Improving Organizational Productivity with Building Automation Systems, takes a different approach. … Read More

Navigating the journey to a carbon-neutral campus

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shutterstock_478513852For university leaders, committing to a carbon-neutral campus is easier said than done. While carbon neutrality is an ambitious goal, JLL’s new report reveals that it is achievable for U.S. universities. And environmental sustainability isn’t just on the minds of leaders in higher education; sustainable campuses have emerged as a major factor in student and faculty recruitment.

That being said, achieving carbon neutrality is a journey that requires constant diligence. The good news is that there’s a vast array of solutions and technologies to help. Wherever an institution is on this journey, there are universal practices that can be applied to further its environmental sustainability goals. Here are just a few of the measures university leaders can apply to ensure their commitment to building a sustainable campus:… Read More

Adding up the sustainability transparency equation

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JLL’s 2016 Real Estate Environmental Sustainability Transparency Index analyses sustainability transparency in real estate for 37 markets across the globe. The index identifies those markets that are leading the charge for sustainability, as well as those markets that are lagging behind, based on analysis of seven environmental sustainability indicators.

The 2016 Sustainability Transparency Index reveals slow – yet steady – progress as sustainability considerations grow in importance across the globe. The Index, which measures transparency based on a 5-point scale (with country scores towards 1 qualified as “highly transparent” and scores towards 5 as “opaque”) for seven different indicators, shows steady improvement over recent years.

 

 

But the obvious question remains – what environmental sustainability factors indicate whether a market is opaque or transparent?Read More