CBRE has announced five recipients for its Real Green Research Challenge (RGRC), a $1 mln commitment to fund sustainability research and innovation in commercial real estate.
CBRE has announced five recipients for its Real Green Research Challenge (RGRC), a $1 mln commitment to fund sustainability research and innovation in commercial real estate.
CBRE has awarded RGRC funding and organisational support to sustainability projects developed by Maastricht University, Central Michigan University and Cleveland State University, Stanford University, the Natural Resources Defense Council, and the Euro Institute of Real Estate Management.
'Growing market awareness of commercial buildings’ environmental impact is inspiring innovation in sustainability research,' said Bob Sulentic, CBRE’s president and CEO. 'The Real Green Research Challenge advances this research by providing financial resources as well as access to CBRE’s market-leading global market data and technical expertise.'
The projects, selected out of more than 100 submissions, include a rating system for comparative tenant energy use that provides a quantitative foundation for identifying and promoting energy efficient practices; and an economic analysis of the value implications of green building practices on large institutional real estate portfolios.
