globest.com

Error

An error occurred while fetching the data.

Error details: Error: INTERNAL_ERROR for 5176fcc7-dfdf-663d-f7ff-b28302d84eb5: {"response":{"errors":[{"message":"INTERNAL_ERROR for 5176fcc7-dfdf-663d-f7ff-b28302d84eb5","locations":[{"line":93,"column":7}],"path":["articlePackages"],"extensions":{"classification":"INTERNAL_ERROR"}}],"data":{"articleData":{"uri":"/2008/04/04/the-importance-of-brownfields-redevelopment/","canonicalUrl":"https://www.globest.com/2008/04/04/the-importance-of-brownfields-redevelopment/","generatedId":"fmj45jiljh","naturalId":"blogAndPostId/blog/post/296-65864","recombeeId":"296-65864","type":"ARTICLE","postFormat":null,"kickerPresentedBy":{"label":"","value":""},"breadcrumb":[],"presentedBy":"","title":"The Importance of Brownfields Redevelopment","readtime":"4","timeToRead":"4 minute","prettyModified":"","prettyDateTime":"April 04, 2008 at 01:06 PM","needToKnow":[],"byline":"Jerome Leslie Eben","nofollow":false,"showDisclaimer":true,"authors":[{"name":"Jerome Leslie Eben","description":"","imageLarge":"https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g","webUrl":"/author/profile/jerome-leslie-eben/"}],"publication":"Globe Street","kicker":"","kickerNode":[],"prettyDate":"April 04, 2008","pubDate":"2008-04-04 13:06:00:000","modifiedDate":"","isDownload":"false","primaryCategory":{"channelName":"","sectionName":"","name":"","uri":"","slug":"","channelUri":""},"tags":[],"image":{"uri":"","width":"","height":"","alt":""},"embed1":"","embed2":"","summary":"Redeveloping a brownfields site has many benefits.","categories":[],"allCategories":[{"sectionName":"","channelName":"GlobeSt Market"},{"sectionName":"National","channelName":"GlobeSt Market"},{"sectionName":"New Jersey","channelName":"GlobeSt Market"}],"bodyArray":["It increases the local tax base, creates jobs, revitalizes neighborhoods and extends environmental protection for all citizens. The benefits of brownfields redevelopment can be seen throughout a community for years to come. It is not only an investment in a parcel of land, it is an investment in our communities and in our citizens. In 2002, the AIA strongly supported the federal Brownfields Act, which sparked a nationwide effort to redevelop forgotten buildings in the heart of America's cities. However, there are still hundreds of thousands of brownfields sites that sit vacant or underused. This is a vital concern to both architects and political leaders of urban and suburban communities across America. The Environmental Protection Agency (EPA) estimates that 400,000 to one million brownfields sites exist nationwide. New Jersey alone is home to at least 20,000 contaminated sites, the majority of which qualify as brownfields. For this reason, it is imperative that the federal brownfields law be updated to better provide communities with the necessary tools and resources to clean up and redevelop these potentially valuable sites. Without an update of the law, communities that have brownfields sites within their boarders will continue to deteriorate and remain eyesores. Redeveloping brownfields sites produces undeniable economic benefits, demonstrating that intelligent federal spending on brownfields will have a large boost for cities and communities nationwide. Investing in brownfields will help the economic vitality of our cities and communities, create jobs and stimulate the U.S. economy now that Congress is exploring ways to turn around the pending recession caused by the recent downturn in mortgage and real estate sectors. Investing in brownfields remediation and redevelopment is an important priority. In addition to increasing funding levels, AIA believes the law should be updated in two other important ways, by providing businesses with tax credits and by adding project qualification. Each year, the EPA is flooded with requests from local, state and tribal governments for assessment, cleanup and revolving loan grants to begin the process of revitalizing these sites/buildings. At current funding levels, it is impossible for EPA to fulfill even a fraction of the grant requests. For this reason, AIA believes that Congress should increase the overall funding level for the EPA's brownfields program. AIA also feels that it is beneficial to provide businesses, including developers, with a tax credit for undertaking these redevelopments. Given the extensive competition among applicants for limited grant funding, AIA also feels that including additional project qualifications in the program's grant-making criteria would direct funding to the best possible projects. One such qualification should be energy efficiency. AIA is a proponent of energy efficiency and green building standards. These green building requirements should be a factor in determining which grant applicant receives funding. As most brownfields redevelopment projects will at the very least require a major renovation of buildings on site, it makes sense that these buildings be designed in an intelligent, energy-efficient way. Architects and builders across the country are utilizing the most modern design techniques, materials and building systems to achieve significant energy savings in new and renovated buildings. Energy-efficient buildings offer countless benefits to their inhabitants. One such benefit is reduced energy use, which will lessen monthly utility bills for businesses and residents. Since many brownfields are located in low-income areas, reduced energy costs for future building occupants should be a major factor in determining which projects receive grants. Aside from the economic and community restoration benefits of brownfields redevelopment, reclaiming contaminated sites helps improve the natural environment. Once a site is cleaned up, it is counterproductive to then build an energy-guzzling building on that very same site, especially when the costs of building green are often negligible. Thus, AIA strongly believes that brownfield redevelopment projects that will result in energy-efficient green buildings should be given preference as EPA chooses which projects to finance. In summary, the federal Brownfields Act is an extremely important piece of legislation for communities nationwide and of special importance here in New Jersey. AIA-NJ requests the support of our entire Congressional delegation in signing on as co-sponsors and providing the positive votes it needs to pass the house. The views expressed here are those of the author and not of Real Estate Media or its publications. Jerome Leslie Eben, AIA, West Orange, NJ, is the Immediate Past President of AIA New Jersey, based in Trenton. He can be reached at <a href=\"mailto:[email protected]\">[email protected]</a>."],"slides":[],"video":null},"articlePackages":null,"youmightlike":[{"uri":"/2025/07/11/omaha-multifamily-vacancy-spikes-as-rent-growth-slows/","title":"Omaha Multifamily Vacancy Spikes as Rent Growth Slows","byline":"Anthony Russo","prettyDate":"July 11, 2025","readtime":"2","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/f2/83/89fae89443be8f2103687f341975/omaha-nebraska-article-202507091551.jpg","width":"620","height":"372"},"summary":"More supply is entering the market. "},{"uri":"/2025/07/11/houston-industrial-rents-surge-by-5-as-demand-remains-high/","title":"Houston Industrial Rents Surge by 5% as Demand Remains High","byline":"Anthony Russo","prettyDate":"July 11, 2025","readtime":"2","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/89/e0/a74e6852470ba41c31d99aaa9ac0/houston-skyline-article-202507101504.jpg","width":"620","height":"372"},"summary":"Net absorption is expected to remain positive and possibly even rise in the coming months. "},{"uri":"/2025/07/11/homebuyers-need-a-17000-raise-just-to-afford-the-typical-home/","title":"Homebuyers Need a $17,000 Raise Just to Afford the Typical Home","byline":"Philippa Maister","prettyDate":"July 11, 2025","readtime":"3","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/26/48/8eae4bfa409aa713ca63467b5900/unaffordable.jpeg","width":"620","height":"372"},"summary":"Affordability issues have left 3.4 million homes available for rent or sale sitting empty."},{"uri":"/2025/07/11/retail-vacancy-rate-edges-up-in-q2-as-store-closures-hit-market/","title":"Retail Vacancy Rate Edges Up in Q2 as Store Closures Hit Market","byline":"Kristen Smithberg","prettyDate":"July 11, 2025","readtime":"3","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/37/c8/5a1d0f394dc09c1e9abb315bd6f1/store-closing.jpeg","width":"620","height":"372"},"summary":"New York and Atlanta tied for the top retail market in the United States."},{"uri":"/2025/07/11/developers-pivot-to-conversions-as-dc-office-glut-grows/","title":"Developers Pivot to Conversions as DC Office Glut Grows","byline":"Kristen Smithberg","prettyDate":"July 11, 2025","readtime":"3","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/46/51/a9d2701042de8add7a1d2e4e8d4b/construction.jpeg","width":"616","height":"372"},"summary":"Conversions and demolitions have exceeded new supply for three years."},{"uri":"/2025/07/11/multifamilys-rising-loan-maturities-create-new-buying-opportunities/","title":"Multifamily's Rising Loan Maturities Create New Buying Opportunities","byline":"Erik Sherman","prettyDate":"July 11, 2025","readtime":"3","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/3d/26/2b933d304f09aae46772f0115fa0/buying-opportunity.jpeg","width":"620","height":"372"},"summary":"Distressed sales loom amid high debt and low coverage ratios."}],"readnext":{"contents":[{"uri":"/2025/07/10/florida-ends-tax-on-commercial-rent-bringing-relief-to-tenants/","title":"Florida Ends Tax on Commercial Rent, Bringing Relief to Tenants","byline":"Anthony Russo","summary":"The removal of the tax will increase the state's competitive advantage and lure more folks to Florida. ","prettyDate":"July 10, 2025","kicker":"Features","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/2f/09/e07355b545bea551e6091b646509/kingsley-jonathan-620x372-1.jpg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":"markets"},{"channelName":"Region","sectionName":"Southeast","slug":"southeast-region-globest-markets","channelUri":"region"},{"channelName":"Globest Sectors","sectionName":"Office","slug":"office","channelUri":"sectors"},{"channelName":"Globest Sectors","sectionName":"Retail","slug":"retail","channelUri":"sectors"},{"channelName":"Globest Sectors","sectionName":"Multifamily","slug":"multifamily","channelUri":"sectors"},{"channelName":"Kicker","sectionName":"Features","slug":"features-kicker","channelUri":""}]},{"uri":"/2025/07/10/multifamily-delinquencies-climb-amid-worsening-cre-loan-performance/","title":"Multifamily Delinquencies Climb Amid Worsening CRE Loan Performance","byline":"Erik Sherman","summary":"Growth slows, delinquencies rise, and multifamily losses hit a peak.","prettyDate":"July 10, 2025","kicker":"Analysis","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2023/04/Delinquent-Loan-Article-202304060805.jpg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":"markets"},{"channelName":"Globest Sectors","sectionName":"Multifamily","slug":"multifamily","channelUri":"sectors"},{"channelName":"Globest Topics","sectionName":"Capital Markets","slug":"capital-markets-globest-topics","channelUri":"globest-topics"},{"channelName":"Region","sectionName":"Northeast","slug":"northeast-region-globest-markets","channelUri":"region"},{"channelName":"Kicker","sectionName":"Analysis","slug":"analysis","channelUri":""}]},{"uri":"/2025/07/11/top-10-cre-funds-stockpile-billions-as-market-wonders-whats-next/","title":"Top 10 CRE Funds Stockpile Billions as Market Wonders What’s Next","byline":"Erik Sherman","summary":"The funds remain unused as they await the right opportunity.","prettyDate":"July 11, 2025","kicker":"Features","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/ec/07/e42f1dd84c54b5f0c4804ce6fdad/dry-powder.jpeg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":"markets"},{"channelName":"Globest Topics","sectionName":"Capital Markets","slug":"capital-markets-globest-topics","channelUri":"globest-topics"},{"channelName":"Region","sectionName":"Northeast","slug":"northeast-region-globest-markets","channelUri":"region"},{"channelName":"Kicker","sectionName":"Features","slug":"features-kicker","channelUri":""}]},{"uri":"/2025/07/11/multifamilys-rising-loan-maturities-create-new-buying-opportunities/","title":"Multifamily's Rising Loan Maturities Create New Buying Opportunities","byline":"Erik Sherman","summary":"Distressed sales loom amid high debt and low coverage ratios.","prettyDate":"July 11, 2025","kicker":"Analysis","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/3d/26/2b933d304f09aae46772f0115fa0/buying-opportunity.jpeg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":"markets"},{"channelName":"Globest Sectors","sectionName":"Multifamily","slug":"multifamily","channelUri":"sectors"},{"channelName":"Globest Topics","sectionName":"Capital Markets","slug":"capital-markets-globest-topics","channelUri":"globest-topics"},{"channelName":"Region","sectionName":"Northeast","slug":"northeast-region-globest-markets","channelUri":"region"},{"channelName":"Kicker","sectionName":"Analysis","slug":"analysis","channelUri":""}]},{"uri":"/2025/07/10/disagreement-grows-among-fed-officials-on-rate-cut-timing/","title":"Disagreement Grows Among Fed Officials on Rate Cut Timing","byline":"Erika Morphy","summary":"The tariff debate is disrupting the Fed’s policy playbook.","prettyDate":"July 10, 2025","kicker":"Analysis","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/b1/0e/89779ab049e2a63ea4ff1d0fb5e9/fed-resize-jpeg.jpeg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":"markets"},{"channelName":"Globest Topics","sectionName":"Capital Markets","slug":"capital-markets-globest-topics","channelUri":"globest-topics"},{"channelName":"Globest Topics","sectionName":"Economy","slug":"economy","channelUri":"globest-topics"},{"channelName":"Region","sectionName":"Northeast","slug":"northeast-region-globest-markets","channelUri":"region"},{"channelName":"Kicker","sectionName":"Analysis","slug":"analysis","channelUri":""}]}]},"events":{"events":[{"eventTitle":"GlobeSt. ELITE Women of Influence (WOI) 2025","venueName":"","cleCredit":"no","description":"GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.","registrationURL":"","docUri":"/data-sources/events/GlobeSt.ELITEWomenofInfluence(WOI)2025:2024-09-03-04:00:33.xml","eventEndDate":"July 22, 2025","eventStartDate":"July 21, 2025","industry":["Real Estate"],"audience":["Conferences","Real Estate"],"city":"Denver","learnMoreLinkFile":"https://www.event.globest.com/WomenOfInfluence","imageUri":"https://assets.swoogo.com/uploads/full/4358074-66d72c273ea79.png","imageUri2":"https://assets.swoogo.com/uploads/full/4358079-66d72c46e3ce4.png","practiceArea":["Diversity","Leadership & Management","Women of Influence"]},{"eventTitle":"GlobeSt. Multifamily Fall 2025","venueName":"","cleCredit":"no","description":"Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!","registrationURL":"","docUri":"/data-sources/events/GlobeSt.MultifamilyFall2025:2025-04-10-04:00:43.xml","eventEndDate":"October 15, 2025","eventStartDate":"October 15, 2025","industry":["Real Estate"],"audience":["Conferences","Real Estate"],"city":"Los Angeles","learnMoreLinkFile":"https://www.event.globest.com/multifamily-fall","imageUri":"","imageUri2":"","practiceArea":["Multifamily"]}],"searchParams":{"estimate":2}}},"extensions":{"DateTime":"2025-07-13T02:19:10.191293463","ResponseTime":"?","AuthorizedUser":false,"AlmContext":"AlmContext{clientIP='10.0.253.254', internalIP='true', origin='', authorizedUser='false', Chinchilla, userAccount='null', UCID=null, ipAccount='null', olyEncId='null'}","NavServiceResponse":{"message":"No Content","action":"show-404","data":"","placResultsPublic":null},"DebuggingData":null,"UsedCache":"true","DataUrl":"http://ml2.alm.com:9216/bff-services/content/get-you-may-like-for-content.xqy?naturalId=/2008/04/04/the-importance-of-brownfields-redevelopment/&site=www.globest.com&total="},"status":200,"headers":{}},"request":{"query":"\n####\n####\n# QUERY\n# ROUTE:/2008/04/04/the-importance-of-brownfields-redevelopment/\n####\n\n\nquery Globest__view_article_no_sitedir{articleData:\n getContent(naturalId: \"/2008/04/04/the-importance-of-brownfields-redevelopment/\", site:\"globest.com\") {\n uri\n canonicalUrl\n generatedId\n naturalId\n recombeeId\n type\n postFormat\n kickerPresentedBy {\n \t\t label\n \t\t value\n \t\t}\n breadcrumb{\n name\n \t\turi\n }\n presentedBy\n title\n readtime\n timeToRead\n prettyModified\n prettyDateTime\n needToKnow\n byline\n nofollow\n showDisclaimer\n authors {\n name\n description\n imageLarge\n webUrl\n }\n publication\n kicker\n kickerNode {\n name\n slug\n uri\n sectionName\n }\n prettyDate\n prettyDateTime\n pubDate\n modifiedDate\n isDownload\n primaryCategory {\n channelName\n sectionName\n name\n uri\n slug\n channelUri\n }\n tags\n image {\n uri\n width\n height\n alt\n }\n embed1\n embed2\n summary\n categories {\n name\n uri\n channelName\n }\n allCategories {\n sectionName\n channelName\n } \n bodyArray\n slides {\n title\n image\n caption\n height\n width\n }\n video\n\n }\n articlePackages:\n getPackagesForArticle(docId: \"/2008/04/04/the-importance-of-brownfields-redevelopment/\", limit: 3, publication:\"globest.com\") {\n title \n slug\n type \n summary\n cssFile\n navigations {\n name\n link\n }\n articles {\n title\n kicker\n uri\n image {\n uri\n }\n }\n\n \n }\n youmightlike:\n getYouMayLikeForContent(naturalId: \"/2008/04/04/the-importance-of-brownfields-redevelopment/\", site:\"globest.com\") {\n uri\n title\n byline\n prettyDate\n readtime\n image {\n uri\n width\n height\n }\n summary\n }\n readnext:\n getStatsList(site:\"globest.com\", topic: \"\", limit: 5, timeframe: \"3days\" ) {\n contents {\n uri\n title\n byline\n summary\n prettyDate\n kicker\n image {\n uri\n width\n height\n }\n breadcrumb{\n name\n \t\turi\n }\n primaryCategory {\n name\n uri\n channelName\n channelUri\n }\n allCategories{\n channelName\n sectionName\n slug\n channelUri\n }\n breadcrumb {\n name\n uri\n }\n }\n\n }\n events:\n getFutureEvents(\n publication: \"GlobeSt\"\n pageSize: 10\n page: 1\n ) {\n events {\n eventTitle\n venueName\n cleCredit\n description\n registrationURL\n docUri\n eventEndDate\n eventStartDate\n industry\n audience\n city\n learnMoreLinkFile\n imageUri\n imageUri2\n practiceArea\n }\n searchParams {\n estimate\n }\n }\n }"}}

Go Home

Instant Insights /

Error