By Stream Realty Partners
DALLAS- Stream Realty Partners, a national real estate services, development and investment firm, had BOMA Dallas select employee Bill Moebius to moderate its’ October event panel focused on sustainability.
Moebius serves as senior vice president and director of Energy and Sustainability for Stream Realty. In this role he is responsible for leading sustainability and energy efficiency initiatives across the firm’s entire managed portfolio of more than 95 million square feet in addition to work for certain outside clients.
Panel speakers included Brenna Walraven of USAA, Dave Pogue of CBRE and Al Skodowski of Transwestern. Below is a brief recap Q&A of the event’s discussion, led by Moebius.
Q. What new sustainability initiatives do you see as growing in importance over the next five to 10 years?
A. Metering of more sources of energy use in buildings, disclosure of energy use data, water efficiency and use of and launching the new Commercial Buildings Energy Consumption Survey (CBECS).
Q. LEED has continued to push the envelope with the introduction of V.4. With regard to existing buildings, many are concerned that LEED is fundamentally moving away from the market, rather than leading the bulk of existing building stock upwards. Where do you see LEED going, especially with regard to existing buildings?
A. LEED is the gold standard, is well entrenched at this point in the U.S. and even internationally, and is likely to move from prescriptive to performance based.
Q. We have seen green rating systems in addition to LEED be introduced. Green Globes has been around for some time, and now we have SERF. Where do you see these other systems fitting in going forward?
A. LEED is likely to remain the dominant system near term, because it is easily the most recognized.
Q. BOMA 360 has been cited in some of the media alongside LEED, Energy Star and other systems. How do you see BOMA 360 fitting in with sustainability efforts?
A. BOMA 360 is different in that it addresses the overall building performance, in areas in addition to energy efficiency and sustainability. It has helped provide another way for buildings to be recognized, particularly those that do not necessarily meet LEED standards for sustainability.
Q. Green leases do not seem to have been well received in Texas for the most part. Have they in other parts of the country, and do you see them growing in importance?
A. This is growing in importance, particularly where driven by government offices or large corporations that demand it. There is still much room to grow in this area.
Q. Property Assessed Clean Energy (PACE) legislation passed the Texas legislature earlier this year, which is a program that provides low-cost, long-term financing for energy efficiency and water conservation upgrades to existing commercial and industrial properties. How have you seen PACE help in sustainability efforts overall?
A. Probably not as applicable to high end commercial properties as it will be to class B, C and multi family.
About Stream Realty Partners
Stream Realty Partners (Stream Realty) is a national real estate services, development and investment firm. The firm represents a diverse mix of local, national and international clients and leases and/or manages a portfolio of more than 100 million square-feet of office, industrial and retail properties. Founded in 1996, Stream Realty has grown from two partners to more than 450 real estate professionals operating throughout the U.S. For more information, visit www.streamrealty.com.