Clean Up Your Act
“When the New York City Council passed the Climate Mobilization Act last year, Ken and Bradley Fishel, the father-and-son team behind the commercial real estate firm Renaissance Properties, were already well along the way to slashing their properties’ energy consumption. Then COVID-19 hit,” writes Christopher Cameron in Commercial Observer.
“Suddenly, the Fishels saw their four Manhattan office buildings empty of workers and tenants.:
“Low occupancy meant that they could finish updating their office buildings in NoHo and Midtown to comply with New York City’s Green New Deal legislation — which is in line with, but not tied to, the proposed federal legislation of the same name, and which the Department of Buildings will begin enforcing in 2024 — without disturbing tenants. That meant cost savings.”