WE BETTER UNDERSTAND KERMIT

We know it’s not easy being green, but we learned green leases have challenges too, at CREW’s luncheon yesterday  at the East Bank Club. Baum Development's Talia Lissner, Cushman and Wakefield's Marilyn Lissner, and Gould & Ratner's Amy Blumenthal discussed some of the challenges (and their successes). Talia's working on the Green Exchange, an all-green mall near 90/94 on the northwest side. There, green retailers, office tenants, lenders, and developers are working together to create the most eco-friendly space possible. Also in development? Talia is Marilyn's daughter-in-law and ready to deliver grandbaby number eight!

Jenner & Block's Kristen Boike says even with green leases, money is still the bottom line for landlords and tenants. She encouraged brokers to be flexible in lease terms by accommodating changes that may take place in rating systems over the next five years. She thinks landlords should provide handbooks and regulations on how tenants can use their new green space and thinks tenants should be aware of its capabilities. Also, she hopes tenants and landlords can agree on who will pay costs associated with re-certification.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

How Will Opportunity Zones 2.0 Impact Seattle? One Expert Weighs In

After Departing Trump Admin, HUD's Former Philly Head Joins Local Planning Commission

108-Acre Hawthorne Race Course Buyer Could Put Data Center On Site

Investors Anchor Big Capital Into Marinas, Betting On Shallow Supply

Developers Eyeing Dallas' 50-Mile Trails Loop For Uptown-Like Opportunities

Large Commercial Real Estate Sales Up 30% Despite Economic Headwinds

Chetrit Group 'Being Dissolved' As Family Turmoil Spirals

Oak Brook Investor Scoops Up Suburban Multifamily Community: The Chicago Deal Sheet

Avison Young Plans Second Major Recapitalization Since 2024

EXCLUSIVE: Opal Holdings' Former 700K SF Suburban Chicago Office Campus Hits The Market

Judge Approves $70M Sale Of Philly's Largest Office Complex

Big-Box Deals Push Chicago Industrial Leasing Into National Top 3