News & Analysis as of

Commercial Property Owners Clean Energy

Greenbaum, Rowe, Smith & Davis LLP

Garden State C-PACE Program Update: EDA Issues Updated Program Guidelines and Draft Supplemental Guidelines

On May 29, 2024, the New Jersey Economic Development Authority (EDA) posted updated program guidelines along with draft supplemental guidelines for the Garden State Commercial Property Assessed Clean Energy (C-PACE) program. ...more

Otten Johnson Robinson Neff + Ragonetti PC

A Guide to Retrofitting Leases for Retrofitted Buildings

As discussed in a previous Otten Johnson Alert, many Denver and Colorado property owners are subject to a slate of new benchmarking and energy performance requirements. Property owners will be implementing energy reduction...more

Pillsbury - Gravel2Gavel Construction & Real...

Data Center Investment Opportunities

Due to the rapidly increasing amount of data generated and consumed on the internet, an opportunity exists for commercial real estate investors, lenders, developers, green energy providers and others to develop data center...more

Harris Beach PLLC

Proposed Changes to New York’s C-PACE Legislation Expected to Jumpstart Lending

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The New York State legislature is evaluating proposed changes to New York City’s Commercial Property Assessed Clean Energy (“C-PACE”) program that could lead to a surge in lending in this emerging market space. New York...more

Greenbaum, Rowe, Smith & Davis LLP

An Overview of the New Jersey BPU’s New Energy and Water Benchmarking Annual Reporting Requirements

Beginning October 1, 2023, under a benchmarking program administered by the New Jersey Board of Public Utilities (BPU), all property owners or operators of commercial properties over 25,000 square feet in New Jersey will be...more

Holland & Knight LLP

Inflation Reduction Act Offers a Variety of Green Building Tax Incentives

Holland & Knight LLP on

The IRS is currently in the process of implementing the Inflation Reduction Act of 2022 (IRA), which addresses energy, tax and health policy. According to the U.S. Environmental Protection Agency (EPA), "The Inflation...more

Morrison & Foerster LLP

NYC’s Local Law 97 Update: PACE Yourself

The first compliance period under New York City’s Local Law 97 (LL97) begins on January 1, 2024, and a January 2023 REBNY-commissioned study concluded that over 3,700 properties could be out of compliance and face over $200...more

McGlinchey Stafford

C-PACE Offers Benefits for Energy Efficient Properties in Many States

McGlinchey Stafford on

Regardless of arguments as to its cause, climate change is real and its negative effects on health and the environment are evident. And although there exist legal directives that certain businesses must meet to increase...more

Allen Matkins

PropTech Update - April 2022

Allen Matkins on

U.S. construction tech firms brace for increased cyberattacks  Construction Dive – March 30 Cybersecurity experts caution against something far more foundational than ransomware attacks or private data thefts when it comes to...more

Morrison & Foerster LLP

NYC Expands Scope of Commercial Property Assessed Clean Energy (C-PACE) Program

Recently, the New York City Department of Finance published a Notice of Adoption of a new rule broadening the scope of the Commercial Property Assessed Clean Energy (C-PACE) finance program. The amended rule, which goes into...more

Cole Schotz

Eligible New York City Building Owners: Now Is The Time To Take Advantage Of C-PACE Financing

Cole Schotz on

In early June, the first Commercial Property Assessed Clean Energy (“C-PACE”) transaction closed in New York City, courtesy of C-PACE financing provided by Petros PACE. In connection with a larger $500 million dollar...more

Kramer Levin Naftalis & Frankel LLP

Five Considerations: Using Commercial PACE for Condominium Developments

With the adoption of increasing and costly environmental regulation affecting buildings nationwide, Commercial Property Assessed Clean Energy (CPACE) financing offers a unique vehicle that may be used to fund qualifying...more

K&L Gates LLP

Keeping “PACE” in Commercial Real Estate Improvements: A Primer on the New Washington Commercial Property Assessed Clean Energy...

K&L Gates LLP on

Commercial property owners in the state of Washington may soon have access to a new source of funding for energy efficiency, renewable energy, and resiliency improvements to their buildings. Washington’s C-PACER legislation...more

White and Williams LLP

Philadelphia Enacts Commercial Property Assessed Clean Energy (C-PACE) Program

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On August 14, 2019, Mayor Jim Kenney signed a bill authorizing, through C-PACE loans, the financing of clean energy, alternative energy and water conservation projects for eligible commercial properties in Philadelphia....more

Kramer Levin Naftalis & Frankel LLP

Commercial Property Assessed Clean Energy Assets Increasingly Popular Among Funds

An innovative type of securitized asset is increasingly popular among fund managers, specifically bonds backed by commercial Property Assessed Clean Energy (C-PACE) special tax assessments. ...more

Mayer Brown

Connecticut Makes Favorable Changes to its Commercial PACE Financing Program

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On July 11, 2017, the Connecticut General Assembly enacted H.B. 7208 (“Revised C-PACE Statute”) to make several minor changes to the existing statute governing the State’s commercial property assessed clean energy (or...more

Manatt, Phelps & Phillips, LLP

Why You Should Continue to Pay Attention to PACE

With commercial property owners and tenants still seeking sustainable building designs that incorporate energy efficiency or green building features, Property Accessed Clean Energy (PACE) financing will continue to rightfully...more

Foley & Lardner LLP

Energy Efficiency Through Innovative Financing

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Do your energy costs keep you up at night? Do aging systems keep your utility spend high while other needs draw scarce capital resources? You are not alone. Major HVAC, lighting and other upgrades can be capital intensive...more

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