Going For The Green

In the latest Realtors Commercial Alliance (RCA) report, there is some astounding information on the growth of green buildings and the effect of commercial buildings on the environment. For example, the article states that buildings are a major contributor to climate change-emitting 39% of U.S. CO2 emissions (18% from commercial buildings), consuming 71% of the country's electricity, and producing 65% of its waste according to the U.S. Green Building Council (USGBC.)

Not only that, the emissions are expected to grow 1.8% over the next two decades.

In addition to some staggering statistics, there are a few eye opening quotes such as this one from Joseph Scarpa, a broker associate with Legend Properties who says, "Green is making a major push forward. If you're putting a property in the ground today that isn't green, it will be functionally obsolete before it's finished.

Here is a link to the article.

Check out these other organizations for more Green Initiatives:

Building Owners and Managers's Association, California Sustainability Alliance, Ecobroker, Energy Star, U.S. Green Buildings Council.

If you would like to talk about buying, selling or leasing commercial property, please contact Neil Dailey at McGraw Commercial Properties, 918-853-7337 or ndailey@mcgrawok.com.

New Hotel Planned in Tulsa

According to a report on CoStar.com today, Sunny Hotels, LLC acquired 4.4 acres at 807 W. 71st St. in Tulsa, OK from James Geisinger for $1.8 Million, or about $410,000 an acres. Click here for the full article.

For more news and information on Tulsa's commercial real estate market, contact Neil Dailey at McGraw Commercial Properties at 918-853-7337.

Commercial Real Estate Loan Portfolios holding up in weak economy

There has been a great article written about the commercial real estate loan portfolios held by banks and other lending institutions. In the midst of all the doom and gloom around the real estate industry, it's necessary to spotlight the good news so you are informed on all sides of the issues. Click here for a link to the article posted on CoStar today.

For more news and information on commercial real estate, or for general commercial real estate questions, call Neil Dailey of McGraw Commercial Properties at 918-853-7337.