IT'S NOT EASY LEASING GREEN

Landlords and tenants need to come together and find solutions about how to incorporate rules for going green into their leases. That's why Stone & Johnson's Rick Prohov, dbHMS's Aubrey Swift, Tishman Speyer's Vicki Noonan and Ryan Tinnus, Litcon Group's Caryn Smith, and MB Real Estate's Natalie Stanley gathered for a USGBC meeting on Thursday. Landlord reps agreed that rules need to be placed in the lease about who is responsible for tasks like common-area recycling and green cleaning, but tenants shouldn't lose their lease for accidentally comingling their newspapers with their lunch scraps. Tenants want simple solutions that aren't cost prohibitive. But as more and more buildings go green, leases should become more standardized, the group said.

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

California Investor Scoops Up Amazon Warehouse: The Chicago Deal Sheet

How Crystal Lake 'Connects The Dots' To Building Complete Community

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Prologis Acquires 69 Acres For 1M SF Chicago-Area Industrial Development

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

First LaSalle Street Reimagined Conversion Opens In Chicago's Loop

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient