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Thursday, September 17, 2009

Jones Lang LaSalle Announces Sustainability Due Diligence Services / How can we help you be more productive too?

Another great blog post about the real estate industry from a green building lawyer. I'm starting to get annoyed with the daily flood of articles, blog posts and press releases. What is wrong with all of these people that they think BIM, LEED and IPD are so important. Oh yeah, because they are so important.

I think I'm going to start throttling down the number of all of these blog posts. They're starting to get a little redundant. If you don't get the point now that the future of the AEC industry is already steamrolling into BIM and Sustainability, then you're on the wrong blog.

What I really need to start focusing on now is how to help you take advantage of the technologies available to you to make the most of these new opportunities and how to help you be more efficient and start making some real money by becoming specialists in these areas.

I will make the point that I don't think any of you can do these things with 2D CAD software. You're going to have to make an investment in some of the new technologies that I have over at BIMcycle.com. They will prevent you from having to hire as many new people when the recession ends and we all know that salary is your most costly expense.

So you tell me, what is the amount of increased productivity that would get you to spend some money on additional software? Is it 5%, 10%, 20%? What's the number? If you work 8 hours a day for 5 days a week for 52 weeks a year, that's 2080 hours a year. A 10% increase in productivity equals an extra 208 hours per year. If you have 10 people, that's 2080 extra hours a year and that's worth an extra person on your staff. So, you spend X dollars and get $30,000 to $60,000 in free salary. So, if you spent $5,000 or maybe up to $30,000, would that be worth it to get 10% increase in productivity?

Help me out here so we can define the areas we'll move into and figure out together the Return on Investment. Yes, I'm looking for lots of blog comments on this one. You can post anonymously if you'd like. I need your feedback.

Now, on to the blog post.....


In an interesting business move, property management company Jones Lang LaSalle announced today that it would begin offering "Pre-Acquisition Sustainability Services."

According to BusinessGreen:

Pre-Acquisition Sustainability Service (PASS) would build on existing due diligence processes and help firms identify the environmental risks and opportunities associated with a property.

What's so interesting about this? The reason that JLL is doing it:

Alex Edds, associate director in Jones Lang LaSalle's Sustainability Services team, said that the combination of new legislation, increased operational costs, growing demands from occupiers and the possibility of securing higher rents for greener buildings meant property investors increasingly needed to understand the environmental performance of buildings across their portfolio.

I think that this is a great idea--developing due diligence tools which assess in advance the green building legal issues is a great risk management tool. This would also be an opportunity to assess the leases for a rental property to determine the benefits and responsbilities for pursuing sustainable building upgrades and operations approaches.

An interesting thing to reflect on, however, is whether JLL (as parent of the Green Globes Rating System) is in an awkward position to provide these services. Will it promote Green Globes as the standard for evaluating buildings for due diligence purposes? Is that a conflict of interest, or merely using a tool to provide other, marketable services?

Source: Jones Lang LaSalle Announces Sustainability Due Diligence Services : Green Building Law Blog


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