Are local regulations impacting commercial real estate as much as national headlines? In this episode, we uncover the critical, often overlooked policies shaping the commercial and industrial real estate landscape across America. We explore building performance standards and key programs. Learn how these local laws are transforming property management, affecting operational costs, and influencing real estate investment strategies.
With election season in full swing, we also dive into how decisions made by state and local officials are reshaping environmental policies that directly impact real estate owners and businesses. From energy reduction targets to potential penalties, this episode is a must-listen for anyone with a stake in commercial real estate. Join us to learn why local votes could matter more than federal policies for your business’s future.
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What You’ll Learn in Today’s Episode:
- Building performance standards and their business implications.
- Key examples of impactful local real estate regulations.
- How to navigate California’s WAIRE program.
- Potential fines and penalties for non-compliance in real estate.
- How local elections shape environmental policies in real estate.
- Impact of energy reduction goals on commercial building management.
- Strategies for mitigating costs through compliance initiatives.
- The role of local officials in driving sustainability for businesses.
- Why real estate owners should monitor local elections closely.
- Insights on planning for future regulatory changes and their impact.
Timestamps:
- 00:00:44: Greetings and Work-Life Balance discussion
- 00:02:23: Personal experiences in nature
- 00:03:44: Key topic discussion: Building Performance Standards
- 00:07:15: Building Energy Performance Standard in Washington D.C.
- 00:10:47: Importance of local elections on regulations
- 00:11:16: Introduction to the WEAR program in Southern California
- 00:14:21: Enforcement and impact of the WEAR program
- 00:17:23: Local Law 97 in New York City
- 00:22:01: Broader impacts and considerations for asset owners
- 00:22:16: Important upcoming elections impacting energy and decarbonization
- 00:24:20: Tight race in Pennsylvania’s Attorney General election
- 00:25:01: Battleground states and state legislature control
- 00:25:47: Ballot initiatives and Proposition 4 in California
- 00:27:03: Importance of local elections in climate and energy policy
- 00:27:45: Fiduciary responsibility and business implications
- 00:28:36: Conclusion and encouragement to vote
Resources In Today’s Episode:
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