CALGreen: Mandatory Green Building Standards Take Effect in 2011

California’s first-in-the-nation set of mandatory green building standards for new construction is slated to take effect on January 1, 2011. Referred to officially as the California Green Building Standards Code, CALGreen applies to all new public and privately-constructed commercial and residential buildings. Integrated within the state’s Building Standards Code, it includes a matrix of mandatory requirements as well as two sets of voluntary measures tailored to residential and non-residential building classifications.
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As the economics of green buildings continues to align with the social and political pressures of climate change, many national and regional businesses are “greening” their form leases by including provisions that address everything from the installation of energy efficient lighting to the use of toilet paper that incorporates minimum percentages of recycled product. Whether it is a cost-saving measure or just good public relations, the greening of commercial leases has been viewed generally as a step in the right direction. Nevertheless, every landlord should pay more attention to the “green” language in its prospective tenant’s form lease because, like with so many other provisions, the terms are likely still skewed in the tenant’s favor.

The story, "Seeing the Investor Value in Being Green," reports that a German real estate investment company, Jamestown Properties, has proclaimed that it will go "green" in its entire $4 billion portfolio of buildings here in the U.S. According to the New York Times, Jamestown will overhaul its existing properties by installing low-flow water fixtures and better lighting, by revamping heating, ventilation and air conditioning systems, and even by adding bike-share stations to some of its buildings. Jamestown expects to spend between $3 million and $10 million to retrofit its properties, the Times reported. (