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 | May 17, 2022
MKA’s Embodied Carbon Action Plan will include reporting on carbon reductions for selected projects
Magnusson Klemencic Associates (MKA) recently released its SE 2050 Embodied Carbon Action Plan (ECAP) for 2022.
University Buildings | May 16, 2022
Yale’s newly renovated Schwarzman Center enriches student campus social life
Robert A.M. Stern Architects (RAMSA) recently unveiled the design of their restoration of the Schwarzman Center at Yale University, which includes dining spaces, a bar, and a food shop.
K-12 Schools | May 16, 2022
Private faculty offices are becoming a thing of the past at all levels of education
Perkins & Will’s recent design projects are using the area to encourage collaboration.
Codes and Standards | May 16, 2022
AIA releases Justice in the Built Environment guide
The American Institute of Architects (AIA) recently published a new supplementary edition of the Guides for Equitable Practice, titled “Justice in the Built Environment.”
K-12 Schools | May 16, 2022
A Quaker high school in Maryland is the first in the U.S. to get WELL Gold certification
Designed by Stantec, a Quaker high school is the first in the US to receive WELL Gold certification, which recognizes a commitment to occupants’ health and well-being.
Building Team | May 13, 2022
Glass penthouses rise above Toronto’s tree line
In midtown Toronto, the nine-story midrise building Leaside Common has released its Penthouse Collection: two-floor penthouses that take inspiration from Philip Johnson’s Glass House in Connecticut.
Market Data | May 12, 2022
Monthly construction input prices increase in April
Construction input prices increased 0.8% in April compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today.
School Construction | May 11, 2022
New Digital Learning Commons at Rutgers supports doctoral programs in over 16 disciplines
The new Digital Learning Commons at the Rutgers University Archibald S. Alexander Library provides students in over 16 courses of study and four professional schools with spacious collaborative and study space.
Esports Arenas | May 11, 2022
Design firm Populous partners with esports company on digital art NFT collection
Design firm Populous and multidiscipline esports organization Kansas City Pioneers have partnered on a five-part NFT collection.
Multifamily Housing | May 11, 2022
Kitchen+Bath AMENITIES – Take the survey for a chance at a $50 gift card
MULTIFAMILY DESIGN + CONSTRUCTION is conducting a research study on the use of kitchen and bath products in the $106 billion multifamily construction sector.
