Category Archives: Energy

Doing WELL at our Downtown Office

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Our downtown office at 28 Liberty Street has been awarded WELL Certification at the Silver level by the International WELL Building Institute, the premier building standard to focus on people’s health and well-being through the built environment.

Think of WELL as a nutrition label for your office, providing transparency on the quality of your built environment. It’s a performance-based system and the certification required mindfulness from the space’s conception to its day-to-day… Read More

JLL’s Dana Robbins Schneider Moves NYC to a Greener Future

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Climate change is one of the greatest challenges facing our generation, and JLL’s Dana Robbins Schneider has partnered with the City of New York through #OneNYC to reduce our footprint on the environment.

At the beginning of 2015, the City of New York brought together leaders from the real estate industry, engineers, architects, academics, and affordable housing experts to form the Technical Working Group (TWG). The group was gathered to develop a… Read More

Accidental data centers: is your office spending more on energy than it needs to?

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JLL’s Dana Robbins Schneider explains how forethought and planning can drive significant energy savings for companies.

Dana Robbins Schneider, JLL Senior Vice President

Dana Robbins Schneider, JLL Senior Vice President

JLL Senior Vice President and energy and sustainability expert Dana Robbins Schneider recently addressed the topic of “accidental data centers” as a speaker at VERGE Salon NY: Next-Gen Buildings and Cities.… Read More

Are real estate markets reconnecting?

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Colin Dyer, JLL President and CEO, and LinkedIn Influencer, on why leasing and investment markets are reconnecting across the world 

The below post was originally shared on LinkedIn by Colin Dyer.

Dyer, ColinA year ago, I wrote about the disconnect between commercial real estate investment and office leasing markets around the world, as investment sales surged while leasing volumes remained stalled. But I also said, “The good news is that there’s good reason for greater optimism next year…Business and consumer confidence should improve, and strong corporate balance sheets will support new capital expenditures.”

That, in fact, has been the case in 2014. Big corporate tenants were struggling with low revenue growth last year. That made them cautious, and many postponed occupancy decisions to focus on cost cutting and productivity measures. Today they are demonstrating greater confidence, and with it, greater willingness to spend and implement longer-term real estate strategies. As of mid-2014, global office net absorption was up 15 percent on the year before. Investment volumes increased 21 percent during the same period.

Why the new life on leasing?

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Sustainability: Turning big ideas into reality

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JLL’s Dana Schneider to speak at BuildingEnergy NYC

Dana Schneider, JLL Senior Vice President

Dana Schneider, JLL senior vice president

How do leaders in the sustainability field bring big ideas to reality? Join JLL senior vice president and energy and sustainability expert Dana Schneider at BuildingEnergy NYC, on Thursday October 16 to find out.

Speaking on a panel dedicated to the topic,… Read More

Empire State Building cuts $7.5M in energy costs over three years with JLL’s help

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The Empire State Building (ESB) has surpassed the energy savings guaranteed through its innovative energy-efficiency program – developed by a team including JLL – for the third consecutive year.

This year, the iconic property beat its energy-efficiency guarantee by 15.9 percent, saving $2.8 million.

ESBOver the past three years, the program has generated a total of approximately $7.5 million in energy savings. These savings are the result of continued enhancement of the iconic building’s new systems and the addition of many new tenants occupying hundreds of thousands of square feet of office space retrofitted according to program guidelines.

In 2009, Empire State Realty Trust and the Clinton Climate Initiative Cities program, an aligned partner of the C40 Cities Climate Leadership Group, assembled a coalition of leading organizations focused on energy efficiency and sustainability. The team, comprised of the ESB, JLL, Johnson Controls (JCI), and Rocky Mountain Institute (RMI), developed the now-implemented ESB energy-efficiency program, designed to reduce costs, increase real estate value and protect the environment. The comprehensive retrofit was launched by the ESB, President Bill Clinton and Mayor Michael Bloomberg in the same year.

In 2011, the ESB beat its year-one energy-efficiency guarantee by 5 percent, saving $2.4 million. In year two, the iconic property surpassed its guarantee by nearly 4 percent, saving $2.3 million.

“The Empire State Building retrofit project has dramatically exceeded projected energy savings for the third straight year, reducing costs by millions of dollars,” said Anthony E. Malkin, Empire State Realty Trust Chairman, President and CEO.

“As we continue our energy efficient installations for incoming tenants, we are confident we will meet and exceed our completed project goal of saving $4.4 million dollars each year. As for now, we are ahead of our projections and that means more savings and more returns on our investments to date.”

President Bill Clinton also commented on the success of the program.

“Five years into the retrofit of the Empire State Building, we have seen carbon emission reductions and cost savings that show this is a model for the rest of the country,” said President Clinton.

“Not only do investments like this help protect the environment and put people back to work, they pay for the cost of the improvements and generate additional savings into the future.”

The retrofit project focused on eight innovative improvement measures addressing core building infrastructure, common spaces and tenant suites. Improvement measures performed by JCI and JLL included the refurbishment of all 6,514 windows, installation of insulation behind all radiators, a chiller plant retrofit, new building management systems controls, new revenue-grade meters serving the entire building, and a web-based tenant energy management system.

The core base building retrofit is complete, with the balance of the project to be finished as new tenants build out high-performance workspaces. Once all tenant spaces are upgraded, the building is expected to save at least $4.4 million a year, at least a 38 percent reduction of energy use.

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JLL’s Cynthia Wasserberger & Dana Schneider recognized by Bisnow as NYC Power Women

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Wasserberger and Schneider honored in group of 50 women who have shaped New York City

JLL Managing Director, Cynthia Wasserberger, and Senior Vice President, Dana Schneider, were recently featured in Bisnow’s “New York Power Women 2014” email series, which profiled 50 women Bisnow considers to have impacted New York City’s built environment. These hard-working, high-achieving NYC commercial real estate power women are set to be honored in person at a Bisnow event… Read More

Rapid growth in the energy industry creates ripple effect on office, multifamily and retail space

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Energy is among the fastest growing industries in the United States, expanding at two-and-a-half times the national average in the past five years, creating a positive ripple effect through the economy. In fact, according to Bruce Rutherford, JLL’s Global Energy Practice Lead, without energy, there’d be no economic growth in the United States.

With this growth comes both challenges and opportunities for energy companies, as well as real investors and developers. JLL’s 2014… Read More