PUBLISHER'S WATCH
From Tallest to Most Efficient
The owners of the Sears Tower have announced plans to upgrade the building for sustainability, which will make it the tallest building in the western hemisphere to undergo such an overhaul to date. Of course, the Sears Tower is the tallest building in the western hemisphere and won't have any competition for this status. However, considering the size of the project alone, this cannot be done modestly. According to the building's website, the structure "is a 110-story trophy office tower containing a total enclosed area of approximately 4.56 million gross square feet (SF) and has a rentable area of 3.8 million SF. The Sears Tower's 4.56 million gross square feet would cover 105 acres if spread across one level. This is the equivalent of 16 city blocks in Chicago. Within the building, there are 25 miles of plumbing, 1,500 miles of electric wiring, 80 miles of elevator cable, and 145,000 light fixtures. The building weighs more than 222,500 tons..."
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PERSPECTIVES
Edward Mendlowitz: Financial Issues Affecting Executives Nearing Retirement
Most business executives are driven by the goal for their companies to succeed, grow and be on a firm financial footing. They expend great energy in managing the business and have above-average knowledge of financial matters. Thus, many assume their personal finances are in good order. In consultation with many of my own clients, I find this is not actually the case for those who are planning to retire – or, in today’s economy – are being forced to retire.
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BUSINESS NEWS
NAI Hanson Completes 51,000 SF Long-Term Lease Renewal Agreement in Teterbor
TETERBORO--NAI James E. Hanson has just completed a 51,000-sf long-term office lease renewal agreement at 100 Hollister Road in Teterboro. ...
SJP Properties Announces Availability of 170,000 Square Feet of World-Class Office Space at Morris Corporate Center IV
PARSIPPANY--SJP Properties has announced that approximately 170,000 sf of Class A office space is available for lease at Morris Corporate Center IV. ...
Advance Realty Announces 6,200 SF Lease in Manalapan
MANALAPAN--Advance Realty has announced that Hawthorne Capital Corporation has leased approximately 6,200 sf of space at Justin Corporate Center, a two-story office building in Manalapan....
Advance Realty Announces 6,200 SF Lease in Manalapan
MANALAPAN--Advance Realty has announced that Hawthorne Capital Corporation has leased approximately 6,200 sf of space at Justin Corporate Center, a two-story office building in Manalapan....
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GREEN NEWS
HHG Development Associates Showcases Photovoltaic Systems at Cracker Factory
TRENTON, NJ--HHG Development Associates, a Trenton-based development firm specializing in adaptive reuse of historic structures, held a "Greenbreaking" on Saturday to showcase The Cracker Factory's green features, including photovoltaic systems, as well as educate people about solar power and why it is a sound investment....
Hartz Mountain Launches Website Documenting Company's Ongoing Green Building Initiatives
SECAUCUS, NJ--On the heels of its President and COO Emanuel Stern being named New Jersey Environmental Executive of the Year, Hartz Mountain Industries has launched a new website to capture the performance of its sustainability initiative.
As a component of the program, MStern will introduce a Twitter feed to express his insights on environmental and sustainability issues – with a particular focus on the opportunities to create clean, economically viable, solar power solutions. Mr. Stern can be followed at www.twitter.com/esternhartzmtn, and his tweets will be archived on the new site.
On the website’s front page, a graphic shows in real time the power output of the solar panels atop the Meadowlands Expo Center in Secaucus. The solar array is the first of many solar installations that Hartz plans to install on the roofs of buildings, predominantly warehouses, and upon brownfield sites. It is also the first completed solar installation in New Jersey to be partially funded by PSE&G’s Solar Loan Program.
Within the website’s Conservation and Energy Reduction Center section, Hartz offers a comprehensive look at the six key facets of its sustainability initiative: its hospitality program, solar energy, sustainable development, water conservation, lighting and HVAC, and office waste conservation. A wealth of information is available within each panel, such as green summary reports for Hartz’s Soho Grand and Tribeca Grand Hotels in New York City, and the Weehawken Sheraton Suites at Lincoln Harbor.
The website also contains an archive of press coverage of Hartz’s sustainability initiative and updates on sustainability-related events.
Hartz Mountain Industries
www.hartzmountain.com...
NJ-DEP: Environmental Issues Are Front-And-Center For Commercial Real Estate
EDISON, NJ--New Jersey Department of Environmental Protection (DEP) Commissioner Mark Mauriello headlined NAIOP-NJ’s “Regulatory Update Seminar” held at The Pines Manor in Edison....
Green Building Alliance Announces Final Product Innovation Grant Recipients
PITTSBURGH--The Green Building Alliance (GBA) announced the final four recipients of its Product Innovation Grants who will share a total of $150,000. ...
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