Scotsman Guide > Commercial > April 2014 > Department

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Commercial Department: From the Editor: April 2014

 

From the Editor

Going green has been on the rise.

Corporations, big and small, have jumped on the go-green bandwagon. From green-practices initiatives to sustainable strategies and community efforts, going green often has been associated with corporations wanting to communicate that they care.

Regardless of individual motives and sincerity, there has been a growing awareness that adhering to sustainable practices also can bring tangible benefits for businesses that go beyond the lofty goal of saving the earth. These benefits include significant savings in operating costs, better marketability and positive public perception.

This is particularly true in the commercial real estate arena, where tenants, who are increasingly aware of potential savings in operating costs, often pursue properties that are built with green features in mind. This trend also impacts the mortgage process in almost every phase — from analyzing a property’s potential income to seeking appraisals and ensuring compliance with state regulations.

In this month’s edition, we focus on exploring how green practices can impact funding decisions and to what extent lenders and other partners in the mortgage industry have recognized and embraced the green movement. A slew of articles by top industry professionals address the various environmental issues that can interfere with your loan process. In particular, check out our lead article by Ken P. Wilson of the Appraisal Institute. Wilson discusses how green value is determined in commercial appraisals. Read more on Page 23.

If you’re based in California, don’t miss our update on the state’s energy-disclosure laws written by Partner Energy’s Tony Liou. Because the implementation of California Assembly Bill 1103 began this past January, it’s critical to know where your business falls in terms of compliance. California’s legislation is an example of a growing nationwide trend. Read more on Page 58.

Continuing our focus on green practices this month, associate editor Kurt Stephan speaks with Mike Italiano about Capital Markets Partnership’s efforts in working with banks, investors, governments and countries on implementing sustainable investment products based on green building and manufacturing consensus standards. Read Italiano’s Q&A on Page 16.

In addition to this month’s articles, we have a wealth of articles that cover green practices and almost every other mortgage-industry topic on our new website, scotsmanguide.com.

Make sure you stop by and check it out.

Our new website isn’t only easier and faster to navigate, it’s also packed with new features to help make your reading experience more enjoyable. We’re happy to hear your feedback — positive or negative. Let’s hear your suggestions and ideas on how to improve it even further at scotsmanguide.com/feedback.

Just a reminder: If you’d like to be seen among our contributors who come from across the top corporations in the mortgage industry and its related businesses, check out our editorial guidelines and learn more about writing for Scotsman Guide at scotsmanguide.com/write.



 

Rania Efthemes is director of content strategy at Scotsman Guide Media. Reach her at (800) 297-6061 or raniae@scotsmanguide.com.

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