Society—and the real estate industry—are “grossly unprepared” for a coming era of instability due to climate change, economist Spencer Glendon, senior fellow at the Woods Hole Research Center in Falmouth, Massachusetts, told ULI Governing Trustees at a meeting in Washington, D.C.
Proactive developers adapt their due diligence procedures, manage change, and deploy green features to protect their bottom line.
“Cities need to grow to thrive,” Dan Doctoroff said. “But we can’t take growth for granted.” Doctoroff is the chairman and CEO of Sidewalk Labs, a subsidiary of Google parent Alphabet. Doctoroff was speaking at the 2020 ULI Europe Conference.
A central goal for developers as they assess changing priorities for tenants is being prepared for future disruptions, panelists said at a ULI Washington event titled “Designing for a New Decade.” This can mean anything from thinking about how climate change affects projects to how technology can alter the industry landscape.
Nearly every speaker at the ULI Europe 2020 Conference in Amsterdam had something to say about one issue: climate change. The property industry is directly at risk from increasingly frequent extreme weather events, and stricter regulations are shaping the development and maintenance of properties.
First movers on using mass timber for both structural and design elements are seeing a growing wave of projects lining up before them. The regulatory environment is also adapting while the business model is expanding.
A ban on natural gas connections in new low-rise residences is effective January 1 in Berkeley, California. More cities are likely to follow. How are developers responding to the fossil fuel-free future?
Improved energy efficiency of class B and C office buildings can be achieved with relatively simple, lower-cost measures that not only enhance building performance, but also boost property values to make the buildings more competitive with class A space, new ULI research shows.
Greening the workplace beyond the existing building code requirements requires both tenants and owners to prioritize investing in and tracking sustainability. Two panels of experts, one composed of tenant representatives and the other of property owner representatives, discussed their challenges and solutions at “Beyond Code for a Greener Bay Area: Owner and Tenant Solutions for Sustainable Buildouts,” an event organized by ULI San Francisco and ULI’s Tenant Energy Optimization Program.
Embodied carbon refers to the emissions associated with manufacturing, transportation, and construction of building materials, as well as building disposal. As buildings become more efficient and emit less carbon during their operational lifetime, embodied carbon will become the majority share of building-related carbon emissions.