C&W sustainability highlights from across the globe.

1. Energy
CUSHMAN & WAKEFIELD
& SustainabilityT A S K F O R C E N E W S L E T T E R
August 2011 Edition
Cushman & Wakefield’s (C&W) Energy and Sustainability Mission: As a world leader in real estate services,
C&W provides clients with the highest quality and most cost-effective energy and sustainability solutions. This
is accomplished by combining best practices, technical expertise, and market knowledge to enhance the overall
performance and value of our clients’ assets.
Top News
C&W Releases the 2011 National Green Building Opportunity Index
C&W, in collaboration with the Northwest Energy Efficiency In addition to the GBOI, C&W’s Valuation & Advisory,
Alliance’s (NEEA) BetterBricks initiative, released the Research, and Corporate Occupier & Investor Services
2011 Green Building Opportunity Index (GBOI). The up- (CIS) groups are partnering to produce Profile Reports
dated GBOI focuses on the primary factors that influence for the 30 markets analyzed. Each report details the
the successful development, retrofitting, leasing, and sales local trends, transactions, and recent market shifts that
of investment-grade, green office buildings in the 30 larg- impact sustainability in commercial office buildings. Ideal
for investors, developers, asset managers, appraisers,
est U.S. Central Business Districts (CBD).
and public policy officials, the Profile Reports provide
U PDAT e D F O r 2 011
The GBOI remains the insight into “on the street” realities and the competitive
2011 Green Building Opportunity Index
only assessment tool to
©
natiOnal Overview: OffICe Markets
The 2011 Green Building Opportunity Index remains the first office market assessment tool to provide
landscape that affects property decisions.
provide weighted com
weighted comparisons of top U.S. office markets on the basis of both real estate fundamentals and
green investment considerations. As in the inaugural 2010 version, the Index compares each market’s
The GBOI and New York
relative position to its peers in six categories: Office Market Conditions, Investment Outlook, Green
Adoption & Implementation, Mandates & Incentives, State Energy Initiatives and Green Culture.
For 2011, the Index has been enhanced by adding five new markets and refining the methodology
parisons of top U.S. of- Top 10 CBD from
and data inputs – yielding a more comprehensive view into the factors that influence successful
Midtown and Seattle Profile
development, retro-fitting, leasing and sales of investment grade green office buildings.
Central Business distriCts: Green Building Opportunity Index
fice markets on the basis the 2011 GBOI
San Francisco —
Reports–two of the top ten
Midtown N.Y. —
Washington, D.C. —
Midtown South N.Y. —
Los Angeles —
Boston —
of both real estate funda- 1. San Francisco
Downtown N.Y. —
2011 markets listed at right–
Portland —
Seattle —
Oakland —
Denver —
2. Midtown NY
San Diego —
Chicago —
mentals and green char are available for download at:
Orange County —
Austin —
Houston —
3. Washington, D.C.
Dallas —
Minneapolis —
Philadelphia —
acteristics. It compares a
Charlotte —
http://tinyurl.com/5uymbbp
Baltimore —
4. Midtown South NY
Miami —
Pittsburgh — Office Market Conditions
Indianapolis — Investment Outlook
Columbus — Green Adoption & Implementation
Atlanta — Mandates & Incentives
market’s relative position 5. Los Angeles
Phoenix — State Energy Initiatives
Cleveland —
Profile Reports for the other
Green Culture
Detroit —
Kansas City —
6. Boston
0 20 40 60 80 100
san francisco............... 100.0 Downtown N.Y. ............... 76.3 Chicago .......................... 68.6 Philadelphia .................... 60.6 Columbus ....................... 50.0
to its peers in six categories:
Midtown N.Y. .................. 88.4 Portland .......................... 75.6 Orange County ............... 68.1 Charlotte ......................... 55.7 atlanta ............................ 48.9
eight top markets will be avail-
Washington, D.C. ........... 83.7 seattle ............................ 74.2 austin ............................. 65.4 Baltimore ........................ 54.4 Phoenix........................... 46.6
Midtown South N.Y......... 82.0 Oakland .......................... 73.4 Houston .......................... 63.8 Miami .............................. 54.1 Cleveland........................ 46.2
Los angeles .................... 79.2 Denver ............................ 69.7 Dallas .............................. 62.9 Pittsburgh ....................... 53.3 Detroit ............................. 41.4
7. Downtown NY
Boston ............................ 77.2 san Diego ....................... 69.3 Minneapolis .................... 62.4 Indianapolis .................... 51.1 kansas City .................... 36.3
Office Market Conditions,
2011 Green BuildinG OppOrtunity index: National Overview: Central Business Districts | Page 1
able in September and can be 8. Portland
Investment Outlook, Green Adoption & Implementation, ordered on an individual or 9. Seattle
10. Oakland
Local Mandates & Incentives, State Energy Initiatives, subscription basis. Additional
and Green Culture. As a tool to examine the overall markets will be added based on
climate for green building, the Index assists a broad client demand.
spectrum of professionals in determining where favor- For more information, contact Theddi Wright Chappell,
able conditions exist for green building activity, and aids National Practice leader of C&W’s Green Advisory Practice in
investment and policy decisions. Valuation & Advisory at Theddi.WrightChappell@cushwake.com.

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C&W Participates in USGBC Launch of Volume Certification Program for Operations & Maintenance
At the BOMA International Conference on June 27th, USGBC held a press conference to announce the launch
of its LEED Volume Certification Program for Operations & Maintenance. As the only real estate services
provider to participate in the pilot program (certifying 8 million sf at 18 properties in January 2010), C&W was
invited to participate and our own John Scott, Director of Property Management, spoke on C&W’s behalf.
C&W also acted as a program reviewer for the formal Volume Certification Program. USGBC’s LEED Volume
Program is for organizations planning to certify a large number of design and construction projects or existing
buildings. It works by establishing verifiable guidelines that streamline the certification process without
compromising LEED’s rigorous standards. This new program dramatically increases the efficiency of LEED certi-
fication and lowers the associated costs. A case study on C&W’s success in the pilot program can be found here:
www.usgbc.org/ShowFile.aspx?DocumentID=9566.
Awards and Achievements
2011 C&W Environmental Challenge Winners
On Earth Day 2011, John Santora, CEO of CIS, announced the winners of the second annual C&W Environmental
Challenge, our award-winning, innovative program that encourages superior environmental efficiency in our man-
aged portfolio. Awards were given in three categories: (1) Greatest Overall Improvement; (2) Environmental
Improvement – for properties that made greatest percentage gains in 2010 over the 2009 baseline for energy,
water, and waste reductions; and (3) High Performance – for the properties that demonstrated the highest
ENERGY STAR rating, the lowest indoor water consumption, the highest diversion rate, and are LEED certified
for Existing Buildings. Each winner is a leader in promoting sustainable property operations and demonstrating
how C&W adds value to our clients’ properties.
Grand Prize for Greatest Overall Improvement C&W Environmental Challenge Wins Award
CoreNet Global honored the C&W Environmental
Adobe Systems Incorporated Challenge by naming the program winner of its 2011
321 Park Avenue, San Jose, CA, Sustainable Leadership and Design Award at the
managed by George Denise
CoreNet Global Summit in Chicago in May 2011.
Environmental Improvement C&W is proud that the program was recognized for
its contribution to improving energy efficiency in the
Winner: One North Broadway, White Plains, NY, real estate industry and hopes that it will serve as
owned by Heyman Properties, LLC., managed
model for more progress in the coming years.
by Peter Howard
First runner-up: MetLife property at 1301 From left: Ray Dunn, Vice
Dove Street, Newport Beach, managed by President of Tandus (Sponsor);
Gary Mull John Santora, CEO of CIS
accepting the award; and
Second runner-up: JP Morgan/Acquiport Steve Quick, VP & General
Unicorn, Inc. property at 300 Unicorn Park Drive, Manager EMEA for Johnson
Woburn, MA., managed by Carol Macleod Controls Inc. (Sponsor)
High Performance
Winner: MetLife property at
5950 Airport Road, Oriskany, NY,
managed by Ron Porter
First runner-up: Investors, LLC property at
555 17th Street, Denver, CO, managed by Patrick Finé
Second runner-up: Metro Holdings, LP
property at 300 Prairie Center Drive, Eden
Prairie, MN., managed by Beth Borich
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2011 CIS Global Best Practices Competition – Sustainability winner
The winning submission in the Sustainability category in the 2011 C&W CIS Global Best Practices Competition
was “Greening the UK Property Management Portfolio” submitted by Kevin Sensier, Peter Drabble, Julie
Hogarth, and Ian Davies. The team’s successful implementation of the BREEAM In-Use standard across the UK
Property Management Portfolio has resulted in more than 200 draft assessment surveys completed to date. These
surveys inform property managers of what steps to take to improve efficiencies, lower costs, and become more
environmentally-sensitive. The runner-up was “Using Current Systems for Combined Heat & Power,” submitted by
Jose Osinde, the Chief Engineer at 505 Park Avenue in New York, which described innovative, low-cost methods to
improve domestic hot water heating, steam condensate pre-cooling, and condenser water cooling.
BOMA TOBY® Awards winners
Metropoint 600 in St. Louis Park, MN, owned by BPG Properties, Ltd., was awarded
BOMA’s prestigious The Outstanding Building of the Year® (TOBY®) Award in the
Renovated Building category at the June 2011 BOMA International Conference.
Metropoint 600 was LEED certified through the C&W pilot Volume Program and has
been a top performer in C&W’s Environmental Challenge. The TOBY® Award rec-
ognizes properties that exemplify superior building quality and excellence in building
management. Two other C&W managed properties received top regional TOBY®
awards. The Wells Fargo Home Mortgage Campus in Minneapolis, MN won the
Corporate Facility Award in the Midwest Northern Region, and the BAC Colonnade Metropoint General Manager Kevin
Rotunda in Coral Gables, FL, owned by Deka USA Colannade LLP, won the Historical Kurpierz, at right, and C&W Portfolio
Building Award in the Southern Region. Manager Julie Samuelson, accept the TOBY®
award from Peter Leahy of Kimberly-Clark
C&W’s John Scott Elected to BOMA International Executive Committee Professional, the sponsor of the award.
John K. Scott, Florida Director of CIS and co-chair of C&W’s Energy & Sustainability Task Force, was elected
to the BOMA International Executive Committee for 2011-2013. The Executive Committee develops the stra-
tegic direction and policies for the association, and works with BOMA International officers and executive
staff to maximize the effectiveness of the organization.
Project And Property Spotlight
Two properties owned by Deka Immobilien and managed by C&W marked significant achievements.
Century Plaza II, a six-story, 101,841 square foot Class A office building located in San Jose,
California, earned the LEED Gold for Existing Buildings O&M certification in August 2010. The
BAC Colonnade building in Coral Gables, FL achieved the BOMA 360 designation in June 2011.
Both properties deployed a number of similar strategies in attaining these achievements, includ-
ing retrofitting lighting and water fixtures, improved irrigation systems, and enhanced HVAC and
lighting monitoring and control. BAC Colonnade reported $200,000 in electricity cost savings
in 2010 through its efforts.
San Jose Mayor Chuck Reed and Northern California USGBC Executive Director Dan Geiger recognized Century Plaza II’s achievement of LEED Gold at a Plaque
Ceremony at the end of April 2011. Spencer McCann, of Real Estate Capital Partners, holds the LEED Gold plaque on behalf of Deka Immobilien.
The Mack Cali and Sullivan & Cromwell property at 125 Broad Street in New York City, a 1.3 million square
foot commercial office condominium built in 1970, achieved LEED Silver for Existing Buildings O&M certification.
The Spitzer Engineering building located at 2001 K Street, NW in Washington D.C. achieved a LEED Gold
certification for Existing Buildings. The 210,000 sf multi-tenant building, built in 2001, houses C&W’s Washington DC
offices among a number of other tenants. C&W hosted a celebration on July 21st to commemorate the achievement.
The Bank of New York Mellon (BNYM) Utica Operation Center earned an ENERGY STAR label with a score
of 76 – a great achievement for a data center!
Adobe System’s property in Boston earned an ENERGY STAR score of 97 in its first year of operation as a new
building. The property is also diverting an impressive 82% of their total solid waste, far beyond the diversion rates of
Boston (11%), Waltham (17%), the state of Massachusetts (26%), and the national average (28%).
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Technology News
Two notable developments to report courtesy of C&W’s involvement with the Department of Energy’s (DOE)
Commercial Real Estate Energy Alliance (CREEA):
DOE to Release Decision Tool to Spur Energy Efficiency Investment
DOE plans an August 2011 release of its Buildings Performance Database, an energy efficiency investment decision
tool that combines financial and data analysis tools with a database of building information. The building data are
assembled from more than 40 sources, including utilities across the country and the CBECS data (discussed in
the Policy Corner section), and includes commercial, residential, retail, office, industrial, and hotel building energy
use and characteristics. The Database allows quick and robust comparison of energy investment decisions against
actual data from similar building types, rather than relatively lengthy, expensive single-building projections and
analyses in current practice. DOE indicates that it will be a powerful tool designed to align with financial institution
assessment methods to spur funding for capital investments in energy and sustainability projects. We anticipate
this tool to accelerate the adoption and implementation of larger capital retrofits to improve energy efficiency.
C&W’s Task Force will explore how we may benefit from this tool and will share news of its release.
Advanced Roof-top Unit Specifications
A working group comprised of building owners and operators in the Commercial Building Energy Alliance (CBEA)
and industry partners from the commercial, retail, and industry sectors, with support of the DOE, have devel-
oped specifications to help speed the introduction of advanced, reliable, energy-efficient, and competitively priced
roof-top air conditioner units (RTUs) that meet CBEA member performance requirements. RTUs built to these
specs will be as much as 60% more efficient than existing models. The DOE is continuing coordination of an ef-
fort to foster demand for these units, thereby enhancing their accessibility. The C&W Sustainability Strategies
Team will host an information webinar on these DOE specifications on Wednesday, August 17th at 3pm. Contact
cissustainability@cushwake.com for more information on the webinar.
Global Highlights
C&W UK a Founding Member of the International Sustainability Alliance
In late 2010, C&W UK helped launch the International Sustainability Alliance (ISA), the only
member-owned international sustainability benchmarking organization. The ISA enables
C&W properties to measure and benchmark the sustainability performance of both our
own and our managed client properties in Europe against thousands of other buildings of
all types in the region, using a standard set of sustainability KPIs developed by ISA.
Outstanding Project in Italy
C&W professionals in Italy played an instrumental role in the development of the new 3M Italia
headquarters’ building, winner of the 2011 MIPIM ‘Green Building’ Award. The MIPIM award
salutes exemplary projects in six real estate categories, including: Business Centers, Green
Buildings, Hotels and Tourism Resorts, Refurbished Office Buildings, Residential Developments
and Futura Projects. C&W Italy advised on the entirety of the project, including: sale and
leaseback, relocation, project monitoring of the development, space planning, interior design, and project manage-
ment. Sustainability advice was fully integrated across these services.
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Policy Corner
C&W Endorses National Policy Actions
The fate of the package of energy efficiency-focused legislative measures proposed as
the “Better Building Initiatives” by President Barack Obama on February 3, 2011 remains
uncertain with the budget-constrained landscape in Congress/Washington, D.C. However,
C&W and other building energy efficiency advocates and members of the real estate
community have taken action to advance adoption of one important aspect that
would benefit the commercial real estate industry – the reform of the Section
179D tax incentive for commercial building energy efficiency. On May 5th, a
letter that included C&W endorsement was sent to key Senate offices to support
revisions to the 179D tax code law, including: using a building’s baseline energy
consumption to gauge improvements instead of restrictive ASHRAE code;
linking the incentive to the amount of energy saved; and allowing tenants to
access the incentive for making improvements to spaces within a building.
C&W also endorsed a letter to Congress to counter budget cuts that would
prevent funding of the current Commercial Building Energy Consumption
Survey (CBECS) data collection process. CBECS gathers data on
energy use from a statistical sample of buildings every four years,
and is the foundation of the ENERGY STAR Program and energy
portions of the LEED rating system. These programs are currently using 2003 CBECS data due to statistical
errors associated with the 2007 process. This older data does not represent significant energy efficiency and
technological progress made in the last decade and therefore does not accurately represent the current state of
the industry. The letter was sent to leadership on the Senate and House Appropriations Committees on May 19th.
To obtain copies of these letters or to learn more, contact cissustainability@cushwake.com
Incentives for Renewable Energy and Energy Efficiency Projects
The Database of State Incentives for Renewables & Energy (DSIRE) (www.dsireusa.org) is a comprehensive
source of information on federal, state, local, and utility incentives that promote renewable energy and energy
efficiency in the U.S.
Looking Ahead: Calendar Events & Announcements
DOE/CBEA webinar: “Financial Incentives for Energy Efficiency in Commercial Buildings” – August 3rd at 3pm ET.
Register at: http://www1.eere.energy.gov/buildings/alliances/events_detail.html?event_id=5851
C&W Sustainability webinar on National HVAC Recycling program – August 10th at 1pm ET
C&W Energy & Sustainability Task Force Committee call – August 15th, 4pm ET
C&W Information Webinar on DOE CBEA Roof Top Unit (RTU) and lighting specifications – August 17th at 1pm ET
USGBC Emerging Professionals Meeting at C&W NYC Headquarters, 1290 Avenue of the Americas – September 6th,
6:30-8pm
Greenbuild International Conference and Expo 2011 – October 4-7th, 2011, Toronto, Canada
Institute of Real Estate Management (IREM) Fall Leadership Conference – October 11-15th, San Diego, CA
International Facility Management Association (IFMA) World Workplace 2011 Conference and Expo –
October 26-28th, 2011, in Phoenix, AZ
Follow C&W sustainability on our Twitter account: @cushwakegreen
Contact cissustainability@cushwake.com for more information on any of these events.
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Learn more about C&W’s sustainability initiatives in managed properties
C&W’s Energy & Sustainability Task Force
C&W’s Energy and Sustainability Task Force focuses on building operations and maintenance issues that optimize
energy consumption, water use, and waste reduction while reducing operational costs and enhancing property value.
The Task Force is comprised primarily of professionals from C&W’s Corporate Occupier and Investor Services.
For more information, email Task Force Co-Chairs Steven Ring or John Scott at ENERGY@cushwake.com
C&W’s Sustainability Strategies Team
C&W’s Sustainability Strategies Team develops and leads the implementation of programs, tools, and resources
designed to incorporate environmental best practices that promote the efficient use of natural resources and
carbon footprint reduction into facility and property management. The Team manages such programs as C&W’s
LEED EB Volume Certification Program and the C&W Environmental Challenge, in addition to leading C&W cor-
porate sustainability initiatives.
For more information email Jeffrey Domanski at jeffrey.domanski@cushwake.com
Learn more about C&W’s Green Advisory Practice
C&W’s Green Advisory Practice is a globally-integrated specialty group supporting the firm’s Valuation & Advisory
division. Employing innovative valuation approaches and best practices, the group identifies and quantifies the
benefits of sustainable real estate strategies, demonstrating unrealized value potential to clients. Leveraging the
firm’s pre-eminent sustainability service platform and Valuation & Advisory, the group provides service offerings to
major corporations, lending institutions, and investment entities, including: cost-benefit analyses; due diligence for
green acquisition, disposition and retrofit projects; feasibility and market studies for green projects; and mortgage
lending appraisals on green buildings.
For more information email Theddi Wright Chappell at theddi.wrightchappell@cushwake.com
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