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"June Challenge Update – New Projects, New Pilots, and PACE Financing"
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LABBC in Action
Hollywood Hotel Walkthrough 
 
LABBC performed a site walkthrough at Hollywood Hotel in May to kick off the Partner's enrollment in the Challenge. In addition to spending some time getting to know ownership and reviewing their goals for the project, which include the new Green Lodging and potentially LEED certifications, the team discussed the effectiveness of new technologies in lighting and lighting controls, new parking lot lighting, and chillers.
Westin Bonaventure Fire Pump Pilot Project
 
LABBC is working with the Westin Bonaventure and Grundfos to implement a pilot project for new fire pumps with wireless, real-time connectivity. The pumps are scheduled to be installed in mid-July and will help provide valuable insight into a critical fire safety system that is seldom considered in the market today. The project should reduce insurance costs, improve building safety, and provide valuable data to help fire departments prevent emergencies.

June 30, 2014
California Endowment
1000 N. Alameda St.
Los Angeles
11:45 A.M. – 2 P.M.

Technology is advancing rapidly and, while this progress brings exciting new opportunities to enhance your buildings, it can also be difficult to keep up. Join us for this two-hour event, which will feature fast-pitch presentations from leading technology companies that will provide property owners, managers and engineers with an efficient download on the best-in-class building technologies on the market today.
Register here.
PACE Financing Gaining Traction—Secondary Market Emerges
PACE financing is gaining traction around the country, as programs crop up in new markets and existing programs see application volumes spike.  Two significant securitizations of PACE loans in California and Connecticut were executed this spring, and a secondary market is beginning to emerge for this new class of assets. 
 
Locally, the Universal Hilton underwent a $7 million upgrade using PACE, which the hotel expects will lead to annual energy savings of $800,000 in addition to reducing their water use by more than 2.8 million gallons. 
 
Visit the LABBC website for a 90-second video describing how PACE works, and how it can help you reach your financial and energy performance goals.
 

The National PACE Landscape:

- Over $75 million in PACE financing extended to over 250 commercial property owners

- More than $250 million in applications from commercial property owners 

- 31 states and D.C. have enabled commercial PACE

- 25 active commercial PACE programs are ready to fund projects

- 7 active residential PACE programs 

- PACE is available in over 500 municipalities nationwide
 
New legislative efforts intended to facilitate PACE programs are underway in Arizona, Indiana, Kentucky, Massachusetts, New Hampshire, Pennsylvania, and West Virginia. 
Contact Us!

To learn more about how your building or organization can join the Challenge, please visit us online at  www.la-bbc.com. 
Or contact the LABBC team members – we look forward to hearing from you!

David Hodgins,   
Executive Director 
970-319-6611
Ben Stapleton,
Director, Commercial Property
310-892-7061
Jeff Gould,
Associate Director, Commercial Property
805-390-0884
LABBC Welcomes New Partners:
LAFRA Headquarters & The Reef

Los Angeles Firemen's Relief Association Headquarters


 

The LABBC is proud to announce that the Los Angeles Firemen's Relief Association (LAFRA) recently enrolled their newly purchased headquarters, located at 7470 N. Figueroa St. LAFRA, a non-profit organization founded on the mission of “firefighters helping firefighters” that offers programs and assistance for firefighters and their families, is currently developing design plans for the renovation of this 3-story office building, which include major energy and water efficiency upgrades. Specifically, the project scope includes upgrades such as LED lighting, occupancy sensors, variable speed drives, efficient elevators, and water-saving faucets and toilets. The Partner anticipates that construction will start in September.
 

The Reef: A Creative Habitat


 

The LABBC is excited to announce the enrollment of The Reef, a community space for artists, innovators, and retailers to share their creative work. The Reef consists of LA Mart (showrooms for trade and sales projects), Maker City LA (a collective workspace for creators), and the Magic Box (a public exhibition venue); a total of over 860,000ft2 to add to the Challenge.  

Self-described as “a place where the social norm is collaboration, education, sharing, mentoring, experimentation and generosity,” The Reef shares the LABBC’s commitments to both environmental and financial sustainability. Over the next five years, our new partner hopes to retrofit their lighting, HVAC, and elevator systems in order to reduce their energy use. The Reef also plans to implement water conservation measures and organize an on-site Green Team to help achieve their energy efficiency goals. In June, the LABBC will do a walkthrough of the building â€” originally constructed in 1958 â€” to better determine the best strategy for the asset and begin to assemble viable projects for The Reef. 
Upcoming Webinars

June 25, 2014 Noon - 1 P.M.

 

Reducing Your Building's Water Use — Saving Water Today to Protect Our Future


We are in the midst of a record drought in California, and water has become our most precious regional natural resource. Reducing water use reduces energy use, and as water issues will increasingly impact future energy choices, energy companies will be called upon to be partners in managing the world's water resources. 

This session will focus on changes that can be implemented today to reduce the water use of your building. Panelists will discuss how you can leverage available rebates and implementing both well-established and new technologies. We will also discuss behavioral and cultural changes your organization can adopt to increase water savings. In this webinar, you will hear a panel of utility and industry experts discuss the ways in which organizations can best take advantage of water savings opportunities and implement a plan for success. Register here.
LABBC in the Community

May 22, 2014 
 


 

LABBC's Healthcare, Energy and Environmental Sustainability Conference, co-hosted by Kaiser Permanente and Goodwill Southern California, featured a variety of speakers, case studies and interactive panels discussing contemporary water, waste and energy reduction techniques. Matt Petersen, Los Angeles Chief Sustainability Officer, joined LABBC to highlight his goals for creating a more equitable, economical, and environmentally city. Petersen addressed the ways in which healthcare providers, in particular, had the potential to help Los Angeles achieve these goals, and encouraged attendees to take advantage of the savings options available to them. An audience of over 100 leaders from the healthcare and green innovation industries participated in the discussion. Read more here.
 


May 16, 2014 

The LABBC attended the 4th Annual Evolution of Downtown LA,  an event put on by real estate publication BisNow, as a guest of the South Park BID. As people continue flooding into a resurgent Downtown LA, developers are pushing to meet the demand. Converted existing buildings and new office buildings, high-end condos, restaurants, and retail spaces continue to come online throughout the Downtown LA market — LABBC believes it is important to have a conversation about the energy impacts and opportunities associated with these developments.

 


April 29, 2014


 

The LABBC attended the inaugural LA 2030 District Stakeholder Meeting, which discussed the District's goals of reducing roughly 50% energy, water, and transportation-related CO2 emissions by 2030. The LABBC will be advising and helping the District, which encompasses the Central Business District of Downtown LA, to achieve this goal. 
Gold Sponsors
The City of Los Angeles has set a goal to achieve 20% energy savings by 2020 across 30 million square feet of existing buildings as part of the Better Buildings Challenge, a national leadership initiative from the Department of Energy, which calls on public and private sector leaders to demonstrate the benefits of modernizing America’s existing buildings.
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LABBC
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Los Angeles, CA 90013

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