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July 2, 2018

Mandatory Benchmarking: A National Trend Towards Energy Efficiency

By Partner ESI

LOS ANGELES PROGRAM EXPANDING ACROSS UNITED STATES

Partner Energy’s Dana Weiss has written an article in Real Estate Finance & Investment detailing the Los Angeles Existing Building Energy and Water Efficiency Program (LAEBEWE), a mandatory energy and water benchmarking program with a June 1, 2018 complicance deadline. While the program doesn’t detail specific targets for water or energy savings, its goal of transparency and awareness will increase conservation efforts and energy efficient improvements to lower carbon emissions, while reducing costs for building owners. Because 39% of US energy consumption was attributed to residential and commercial real estate sectors, it is reasonable to expect similar programs and initiatives in other US cities in the years to come.

About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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