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Category: Going Green


Green Begets Green

December 23rd, 2011 — 11:38am

A few months back we did a post on New York City Local Law 84/09 which requires buildings that are 50,000 square feet or larger to report to the City their electricity, gas, fuel oil and steam usage, and if equipped with an automatic meter reading equipment, water usage as well.

Since then, building owners in NYC have shifted their focus as it concerns sustainability from merely adhering to legal requirements to taking proactive steps to make their properties more attractive to potential investors Continue reading »

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Water Water Everywhere

March 21st, 2011 — 5:19pm

Don’t Get Soaked!   Over the years several clients have called to complain about being overcharged for water.  More often than not the cause was a leak and while the Department of Environmental Protection (the “DEP”) was usually accommodating, the uphill battle (trying to fight an excessive water bill) through the bureaucracy was exhausting and often not worth the fight.

One of the biggest problems was that the water meter bills came out once every three months so that if you were the victim of a water leak you might not even have been aware of the problem for close to THREE MONTHS. Continue reading »

Comment » | Going Green, Water Bills

Green Initiatives and the “Split Incentive” Conflict

February 15th, 2011 — 8:55pm


It’s Not Easy Being Green.

Last week, we had a post concerning NYC’s Greener, Greater Buildings Plan, which was enacted to install “green” performance requirements for buildings in New York City.

One issue that has arisen in the context of this initiative is the incentive, or more accurately, the lack of incentive, on the part of building owners to make capital improvements to their buildings to become more energy efficient. Continue reading »

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Local Law 84/09 and Benchmarking

February 6th, 2011 — 4:15pm

It’s Not Easy Being Green.

Just when you thought you were starting to get a handle on this market, there is now something new to ponder.   New York City Local Law 84/09 requires that by May 1, 2011 buildings that are 50,000 square feet or larger will have to report to the City their usage for electricity, gas, fuel oil, steam and if equipped with an automatic meter reading equipment, water. Continue reading »

3 comments » | Do Your Diligence, Financials, Going Green, News, The Sellers World

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