Friday, January 30, 2009
Real Estate Going Green
By Tara E. McLaughlin
The future of real estate development will grow greener as more clients will demand environmentally sound projects, according to an Urban Land Institute expert.
“Whether you believe in global warming or not, get over it, because it’s coming and it’s going to shape our world,” said Tom Murphy, former Democratic mayor of Pittsburgh and senior resident fellow ULI/Klingbeil Family chairman for urban development.
Within five years, class A commercial space, meant to be the highest quality real estate, will be synonymous with green certified buildings, he predicted for a group of about 140 developers, architects and others at the half-day Urban Land Institute Southwest Florida District Council’s Winter Institute at the Hilton Naples Thursday.
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