SAN FRANCISCO-San Francisco has launched a greenfinancing program to help its estimated 226 million squarefeet of large commercial buildings become among the country's mostenergy and water efficient. Buildings consume 40% of the nation'senergy use, according to the U.S. Department of Energy.
The Port of San Francisco's historic property at Pier 1, thecorporate headquarters of Prologis Inc., will bethe first energy efficiency upgrade funded through the city'sGreenFinanceSF program that uses Property-Assessed Clean Energybond financing. Johnson Controls will design andimplement the project.
PACE financing helps building owners access capital for a widerange of energy upgrades that can pay for themselves with reducedoperating costs. San Francisco established its PACE district in2010 and was one of the first U.S. cities to launch an "openmarket" PACE program last year, making $100 million in bondingcapacity available to the city's commercial property owners,according to a prepared statement. The city recently joined a newstatewide alliance among 14 California counties and 126 cities tohelp attract owners and lenders to take advantage of the benefitsPACE brings.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
