Content related to ‘FM Alert’
The IFMA Foundation — a global leader in education and research for professionals in the built environment — has released “The Economics of Sustainability in Commercial Real Estate,” a practical, real-world study of the incentives and motivations of real estate managers to invest in energy efficiency retrofits. The white paper explains why some investments are made over others and presents an economic framework to evaluate competing capital investment decisions, including decisions between energy efficiency upgrades and cosmetic improvements. Among the paper’s findings: Commercial building owners often find the best return on investment in sustainable upgrades before a significant lease rollover; Public perception is a driving factor for many public companies considering energy efficiency improvements; and Owners are more likely to invest in energy efficient upgrades when tax incentives are in place. The paper includes a case study on energy efficiency retrofits at the Empire State Building, where project managers aim to reduce energy use by 38 percent. The case study details the eight projects selected among dozens and describes how managers arrived at a 38 percent energy savings goal. Relevant industry questions answered by the paper include: How does an energy efficiency improvement project get implemented? Who is the driver behind energy efficiency projects? What financial metrics are used to determine if a retrofit investment makes economic sense? How does a real estate manager choose among competing capital investments? The study’s authors are Kristian Peterson, director of consulting for Sustainability Roundtable, a member-based, shared-cost consulting and research consortium focused on real estate portfolio optimization geared toward greater sustainability; and Ross Gammill, director of commercial due diligence for Allonhill, a third-party due diligence and credit risk management provider. Peterson and Gammill interviewed decision makers throughout the real estate management chain, including property managers, asset managers, portfolio managers, and institutional owners and investors. They explore primary and secondary drivers of investment decisions and present a financial model to compare competing alternative capital investments. To request a copy of the report, send an e-mail to firstname.lastname@example.org with the words “Eco of Sustainability” in the subject line of the e-mail.
The survey, podcast, and seminar series are part of the IFMA Healthcare Council’s mission to keep health care professionals abreast of the most critical trends in 21st Century hospitals.
The IFMA Foundation’s inaugural International Student of the Year award — established to compliment the foundation’s longstanding annual scholarships — will be presented at IFMA’s World Workplace 2010 in Atlanta, Ga., U.S.A., and annually thereafter.
Facilities management (FM) associations and professionals on five different continents celebrated the contributions FM makes to international business and the global built environment last month during the second annual World FM Day, held on June 24, 2010.
SmartPower, the nation’s leading non-profit marketers of clean, renewable energy and energy efficiency, announced today the launch of My Gulf Action, an online campaign for individuals who are deeply concerned about the BP oil spill and want to help reduce our nation’s collective reliance on fossil fuels.
Nominations are now being accepted for the facility management profession’s most prestigious award, The TFM Facility Executive Of The Year. Submissions will be accepted until 10/1/10.
The International Facility Management Association is pleased to announce its 2010-2011 executive committee and board of directors, which begin their terms July 1. Francis J. Kuhn, CFM, CFMJ, will serve as the new chair of the association’s board of directors, succeeding Thomas L. Mitchell Jr., CFM, CFMJ.
CONSTRUCT, which will take place September 13 to 16, 2011, at McCormick Place, Chicago, IL, is accepting submissions for the 2011 education program until September 6, 2010.
The new survey features input from a broad cross section of IFMA members from around the globe and highlights the latest trends and developments impacting the facility management (FM) profession.
Join IFMA and facility practitioners around the world today, June 24, as we celebrate the second annual World FM Day.