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  • Archive for October 15th, 2010

    Oct 15

    USGBC TARGETED BY CLASS-ACTION SUIT

    Posted by CBPA | No Comments

    The U.S. Green Building Council (USGBC) has been named in a class action lawsuit filed in the U.S. District Court for the Southern District of New York. The suit argues that USGBC misrepresented the energy performance of buildings certified under its LEED rating system and led certified buildings away from using proven energy-saving strategies.  A founding member of the organization has stated that the lawsuit is “frivolous and it doesn’t have much chance.”  Click here to read the full story.

    Oct 15

    NEW ECONOMIC ENGINE IS FOUND IN ITS ‘VERTICAL FACTORIES’

    Posted by CBPA | No Comments

    The executive vice president of BOMA SF makes the economic case for commercial real estate in one of the state’s most urbanized and regulated real estate markets:  “We have been on the leading edge of a national shift away from heavy manufacturing to a service-based and information-oriented economy. Playing a crucial part in San Francisco’s vitality, the office building industry has accommodated substantial growth in professional, technology, life sciences, managerial and administrative jobs. And recent reports show that The City is rivaling Silicon Valley in venture capital-funded enterprises.

    “In 2009, office buildings represented a staggering $22,130,170,999 in assessed valuation — 31 percent of The City’s total valuation — and generated $2.5 billion for San Francisco’s economy.”

    Click here to read the full story.