Real Insight. Real Estate.

Posts Tagged ‘green building’

The Week of July 4-10

-Apparently CBRE does want you to think about the environment before printing those emails.  They have submitted 225 buildings for LEED certification.

- Deutsche Bank is selling 825 Eight Avenue after all.

- A bankrupt lender has accepted funding that will pull them from the icy grip of Chapter 11.

- A mixed use property in London has fetched a 122 million Euro price tag.  What’s the conversion rate again? Read the rest of this entry »

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Andrew Eisenstein
Founder & Managing Director
Iron Stone Real Estate

Iron Stone is a group of investment companies with a niche focus on distressed real estate and related assets in the Philadelphia region. Since the mid-1990s, Mr. Eisenstein has completed over $250 million in real estate projects in the Philadelphia metropolitan area.  He takes pride in creating value not only for his investors but also for the communities he works in, by revitalizing distressed and undervalued buildings.

Q: How has your strategy changed as a result of the credit crisis? Have you expanded/narrowed your acquisition criteria? If so, to what, and why?

A: Recently, we are buying first mortgage liens on real estate from banks. We are filling a void for lenders as there are not a lot of buyers for mortgage notes where the underlying collateral needs help. Buying notes was going to be part of our ongoing business with buying development real estate as the other part. As there is no credit for buying real estate, we are focused on buying notes. Read the rest of this entry »

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Here at the Llenrock Group, we are huge advocates of environmental sustainability. Our printers never have paper in them because we try to save trees. The punishment in our office for throwing recyclable items into the regular trash bin is a public flogging with a bamboo rod.  Sometimes I wonder if our founder should have just set up the Llenrock office in Singapore.

In the spirit of our tree-hugging mentality at Llenrock, we have compiled a list of “The 10 Greenest Buildings” in the world. Obviously, there’s no way to determine what “the greenest” building in the world is, but we thought each of these projects was pretty cool for their environmental sustainability.

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