I’m pleased to announce that, this coming Thursday, March 15, I will be moderating a panel discussion about New York City’s new Energy-Aligned Lease Language, which we’ve discussed previously. The panel will feature Eric Duchon, Manager, Sustainable Strategies at Cushman & Wakefield, Inc., Hewson Baltzell, Head of Product Development, ESG Research, MSCI, and Laurie Kerr, Senior Policy Advisor at the New York City Mayor’s Office of Long-Term Planning and Sustainability. It will follow a brief presentation from the City about the mechanics of the Language and efforts thus far in bringing it to market. You can register for the event through this link.
The evening kicks off with networking at 6:00PM, the presentation at 6:30, and the panel and Q&A from 7:00 to 8:00. Both AIA and GBCI continuing education are available. The event is being hosted by Knoll at its 56,000-square-foot, Frederick Schwartz Architects-designed showroom on the eleventh floor at 76 Ninth Avenue and costs $10 for UGC members; $15 for non-members. I hope you’ll plan on attending what promises to be an informative and insightful event. If you’d like to brush up on the Energy-Aligned Lease Language in advance, check our previous articles on the subject, as well as our general archive on green leasing over at the Green Real Estate Law Journal.
As you may recall, the Language was developed by a task force organized by the Office of Long-Term Planning and Sustainability and aims to address the much-discussed split incentive (which remains prevalent in most commercial office leases in New York City and refers to the scenario where a landlord pays for building capital improvements but does not benefit from any reductions in operating expenses that are created because its tenants pay for operating expenses under the terms of the lease).