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April 4, 2023

SPECIAL REPORT: Real Estate's Global Emissions Are Getting Worse. Many In Industry Have No Plans To Improve

Venue Announced: 150 Royall St. To Host The Future Of Boston Suburbs May 11
 

Almost half of the world’s largest real estate investors, which between them own or control more than $1.2T of property, have no target to reduce the carbon emissions from their portfolios.

Real estate is responsible for 40% of global greenhouse gas emissions, but a Bisnow analysis of real estate’s 75 largest institutional investors, listed companies and investment managers found that 32 have no overall plan to reduce the amount of carbon they put into the atmosphere. 

It is vital that a sector responsible for such a large proportion of emissions cuts back on its carbon output, the United Nations has said, to ensure the world limits global warming to 1.5 degrees Celsius or less by 2050 and avoids the worst impacts of climate change. To do that, climate experts say real estate needs strong decarbonization targets, and the biggest owners and managers in the sector are instrumental in leading that process.

Read the full story here.

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This Week's Boston Deal Sheet

This Week's Boston Deal Sheet   Law firm Goulston & Storrs signed a 100K SF lease at the redeveloped One Post Office Square office building. Anchor Line Partners began its renovations of the 42-story building in 2017 when it filed its letter of intent with the city. The developer bet that a $300M redevelopment of the site would transform the 1980s building into a modernized property that would attract firms like Goulston & Storrs looking for more efficient…

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Zero Carbon Emissions: Navigating The Path To Sustainability Through Energy Compliance Codes

PRESENTED BY:   ELM Consulting
 
Zero Carbon Emissions: Navigating The Path To Sustainability Through Energy Compliance Codes   In an effort to forge a more sustainable future, cities across the country are taking action to reduce carbon emissions. This is being accomplished through tightening energy codes for new construction and enacting energy compliance codes for large commercial buildings. Local officials, real estate investors and building owners across…

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In Case You Missed It...

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Product Development Firm Moving Headquarters Out Of Acton

Product Development Firm Moving Headquarters Out Of Acton   An Acton-based product development company is moving its headquarters to Boxborough. Product Insight Inc. signed a 21K SF lease at 80 Central St. in the Tech Central business park, the Worcester Business Journal reports. Product Insight will be moving from 1 Post Office Square in…

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Brian Walshe Indicted For Murder Of Wife, Tishman Speyer Exec Ana Walshe

Brian Walshe Indicted For Murder Of Wife, Tishman Speyer Exec Ana Walshe   Brian Walshe has been indicted for the murder of his wife, Tishman Speyer executive Ana Walshe, three months after he was arrested following her disappearance. Norfolk County District Attorney Michael Morrissey announced Thursday that a grand jury issued three indictments against Walshe: first-degree murder, misleading…

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