Magazine article Journal of Property Management

Putting Our Money Where Our Mouth Is

Magazine article Journal of Property Management

Putting Our Money Where Our Mouth Is

Article excerpt

DID YOU KNOW A HOT WATER FAUCET THAT LEAKS ONE DROP PER SECOND CAN WASTE UP TO 165 GALLONS PER MONTH? Sustainability is a term thrown around a lot these days, but there are measurable consequences to not keeping up with the times. You might be thinking, Doesn't it cost more to 'green' my building? Depending on how you break down the costs, while you might initially see anywhere from a 1 to 4 percent increase, Class-A, LEED-certified buildings in major markets can garner up to $24 per square foot more than a conventional building.

Destiny USA, the largest LEED Gold certified retail building in the world, leads the way by embodying the green movement. With a rainwater harvesting system that is 78 percent more efficient than the average shopping center, large scale use of bio-diesel during construction, recycled materials and socially responsible practices, this building is a shining example for everyone to follow. Read more about this state-of-the-art building in "Destiny USA Celebrates Sustainability in a Large Way (P. 14).

IREM Headquarters in Chicago demonstrates green building leadership and "walks the talk" by aiming for two sustainability certifications--LEED CI and WELL Building Standard[R]--in its new headquarters space in the REALTOR[R] Building in, "IREM Goes for the Gold" (P. …

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