CBRE Group announced today five recipient institutions in its Real Green Research Challenge (RGRC). Launched in September 2012, the RGRC is CBRE’s $1 million commitment to fund leading-edge sustainability research and innovation in commercial real estate.
CBRE has awarded RGRC funding and organizational support to sustainability projects developed by the Natural Resources Defense Council, Stanford University, EURO Institute of Real Estate Management, Cleveland State University and Central Michigan University, and Maastricht University.
“Growing market awareness of commercial buildings’ environmental impact is inspiring innovation in sustainability research,” said Bob Sulentic, CBRE’s President and CEO. “The Real Green Research Challenge advances this research by providing financial resources as well as access to CBRE’s market-leading global market data and technical expertise to help address some of the most challenging sustainability issues facing commercial real estate owners, investors and occupiers.”
After an evaluation of more than 100 submissions by an independent judging panel, CBRE has chosen five projects to receive RGRC financial awards:
- a rating system for comparative tenant energy use that provides a quantitative foundation for identifying and promoting energy efficient practices (Natural Resources Defense Council’s Center for Market Innovation);
- a detailed empirical evaluation of EPA ENERGY STAR® energy management strategies allowing facilities and property managers to prioritize energy efficiency projects (Stanford University, Center for Integrated Facility Engineering);
- a comprehensive economic analysis of the value implications of green building practices on large institutional real estate portfolios (EURO Institute of Real Estate Management);
- a new industry-wide, regionally sensitive, green building scoring protocol system to inform U.S. office tenants’ leasing decisions and developers’ sustainable building choices (Cleveland State University and Central Michigan University); and
- a quarterly green building index of the top 30 U.S. metro markets, yielding insights for policy makers, developers and other stakeholders and supporting lenders’ risk management analysis and investors' decisions (Maastricht University).
“The projects supported through the Real Green Research Challenge will add significant knowledge to some of the key sustainability issues in commercial real estate, such as the relative value of sustainable buildings, the most effective energy efficiency initiatives and the location of green building market growth,” said Dave Pogue, CBRE’s Global Director of Corporate Responsibility. “These and other issues are the focus of the projects CBRE is funding, and the answers could have a profound effect on how buildings are leased, occupied and improved in the future.“
CBRE’s Environmental Sustainability program includes global commitments in 11 key areas of environmentally sound performance, including resource management, occupancy, communications and training, public policy and procurement. The program provides best practices and initiatives that strengthen CBRE’s own environmental commitment, reflect the best environmental practices in our clients’ properties, and provide vital training and education to CBRE professionals.
For more information about the RGRC, please visit www.cbre.com/rgrc.
About CBRE Group, Inc.
CBRE Group, Inc. (CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
Related Stories
Building Team | Mar 8, 2023
Call for Speakers: BD+C’s 2023 Women in Residential + Commercial Construction Conference
The 2023 Women in Residential + Commercial Construction conference event will take place October 25-27 in Nashville, Tenn., and will bring together more than 300 women leaders from all facets of the $1.4 trillion U.S. residential and commercial constructing sector.
Reconstruction & Renovation | Mar 8, 2023
Hoffmann Architects + Engineers receives Lucy G. Moses Preservation Award from New York Landmarks Conservancy
Hoffmann Architects + Engineers, a design firm specializing in the rehabilitation of building exteriors, announces that the historic facade rehabilitation and window replacement at the 69th Regiment Armory has been selected for the Lucy G. Moses Preservation Award, the New York Landmarks Conservancy’s prestigious recognition for outstanding preservation efforts.
Architects | Mar 7, 2023
David Chipperfield named 2023 Pritzker Architecture Prize laureate
Widely regarded as architecture's highest honor, the 2023 Pritzker Architecture Prize has been awarded to UK-based architect David Chipperfield. In honoring Chipperfield with the award, the Pritzker Prize jury cited the architect's "commitment to an architecture of understated but transformative civic presence and the definition—even through private commissions—of the public realm."
Multifamily Housing | Mar 7, 2023
Multifamily housing development in Chicago takes design inspiration from patchwork and quilting
HUB 32, a 65-unit multifamily housing development, will provide affordable housing and community amenities in Chicago’s Garfield Park neighborhood. Brooks + Scarpa’s recently unveiled design takes inspiration from the American tradition of patchwork and quilting.
Industrial Facilities | Mar 6, 2023
The largest planned logistics and business park in North America gets under way in Southern California
The $25 billion World Logistics Center will boost the supply chain capabilities of Southern California and will serve as a distribution center for destinations across the continent.
Healthcare Facilities | Mar 6, 2023
NBBJ kicks off new design podcast with discussion on behavioral health facilities
During the second week of November, the architecture firm NBBJ launched a podcast series called Uplift, that focuses on the transformative power of design. Its first 30-minute episode homed in on designing for behavioral healthcare facilities, a hot topic given the increasing number of new construction and renovation projects in this subsector.
K-12 Schools | Mar 6, 2023
Benefitting kids through human-centric high school design
Ingrid Krueger, AIA, LEED AP, shares why empathetic, well-designed spaces are critical in high schools.
Adaptive Reuse | Mar 5, 2023
Pittsburgh offers funds for office-to-residential conversions
The City of Pittsburgh’s redevelopment agency is accepting applications for funding from developers on projects to convert office buildings into affordable housing. The city’s goals are to improve downtown vitality, make better use of underutilized and vacant commercial office space, and alleviate a housing shortage.
Student Housing | Mar 5, 2023
Calif. governor Gavin Newsom seeks to reform environmental law used to block student housing
California Gov. Gavin Newsom wants to reform a landmark state environmental law that he says was weaponized by wealthy homeowners to block badly needed housing for students at the University of California, Berkeley.
Green Renovation | Mar 5, 2023
Dept. of Energy offers $22 million for energy efficiency and building electrification upgrades
The Buildings Upgrade Prize (Buildings UP) sponsored by the U.S. Department of Energy is offering more than $22 million in cash prizes and technical assistance to teams across America. Prize recipients will be selected based on their ideas to accelerate widespread, equitable energy efficiency and building electrification upgrades.
