PACE yourself at CREJ C-PACE conference

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PACE
John Madden Co.'s Fiddler's Green 2-building office property in Greenwood Village is undergoing a $7.1 million retrofit that includes upgrading control, revamping lighting, updating water fixtures and pursuing LEED Existing Building certification. The project is the largest to date under the Colorado C-PACE program. CREJ is sponsoring a C-PACE conference on the morning of April 26.

PACE yourself.

C-PACE your commercial building, that is.

C-PACE is acronym for Commercial Property Assessed Clean Energy.

While the name is quite a mouthful, this new and innovative financing tool is a great way for commercial property owners to help the environment while saving money.

PACE
CREJ is sponsoring a half-day conference on C-PACE on the morning of April 26.

C-PACE provides financial incentives to commercial property owners when they install energy-efficient, renewable energy and water conservation measures in a manner that converts these energy cost savings into capital available to replace aging building systems.

While C-PACE is primarily geared toward office, hotel and medical office buildings, it can also be used for industrial and multifamily properties.

Perhaps the most compelling part of the program is that C-PACE funds up to 100 percent of the cost of the improvements. And that includes both hard and soft costs.

In other words, there are no upfront, out-of-pocket costs.

If you want to learn more about C-PACE, you will not want to miss an upcoming conference that will explore every aspect of it in detail.

More than 20 experts will speak at the 2018 C-PACE Conference: A Primer for Owners & Managers. The conference will be held from 7 a.m. until 11:45 a.m. April 26.

The conference, at the Hyatt Regency Aurora-Denver Conference Center, is being sponsored by the Colorado Real Estate Journal.

Conference topics will include:

  • C-PACE case studies, including the Fiddler’s Green building in Greenwood Village by the John Madden Co.;
  • Next steps for property owners that will walk you through the energy audit and assessment process, as well as a discussion of the latest technologies to make buildings “smart” and more energy-efficient;
  • A new construction and asset class panel to show how C-PACE can be used for new construction and how it works for various asset classes; and
  • Denver’s Next Steps, a session that will include updates on Energize Denver and other Denver programs designed to assist in meeting Denver’s climate change goal of 80 percent reduction by 2050, while balancing economic development policies and financial costs and goals.

Panel members and moderators will include:

  • Grant Nelson – principal, Integro;
  • Brian McCarter – CEO, Sustainable Real Estate Solutions Inc.;
  • Paul Scharfenberger – chief operating officer, Colorado Energy Office;
  • Stuart Ogilvie – president, Ogilvie Properties Inc.;
  • Blair Madden Bui-CEO, John Madden Co.;
  • Matt Baldner – regional president, ANB Bank;
  • Susan Rice – director of business services, Bellco Credit Union;
  • Keirstin Beck – principal, Integro;
  • Sean Ribble – vice president, ANB Bank;
  • Ronn Mack – vice president, Wells Fargo;
  • Steve Buretz – director, Integro;
  • Shawn Rash – president, Ally Energy Solutions LLC;
  • Bill Woodward – principal, RISE Commercial Real Estate Advisors;
  • Celeste Cizik – existing building team leader, Group14 Engineering Inc.;
  • Joseph P. Havey – CEO, E Cube Inc.;
  • Jeff Grimm – service account manager, Setpoint Systems Corp.;
  • Tyler Martin – sales engineer, LONG Building Technologies;
  • Grant Nelson – principal, Integro;
  • Katrina Managan – energy efficient buildings lead, Denver Department of Health and Environment;
  • Sonrisa Lucero – sustainability srategist, Denver Department of Sustainability;
  • Jeff Romine – chief economist and strategic adviser, Denver Office of Economic Development; and
  • Adam A. Veltri – counsel, Snell & Wilmer LLP.

If you scratch the surface of just about any deal, there is a story behind it. The Rebchook Real Estate Corner looks at the what and who that make the Colorado commercial real estate industry spin every Tuesday and Thursday online at CREJ.com. The people behind the deals are passionate about what they do, whether they focus on offices, apartments, industrial, retail, land or lending. They also are passionate about their clients. Given the cyclical nature of commercial real estate, those who prosper in it have plenty of stories to tell. I hope to share them with you. 

This column includes news stories, in-depth looks at deals, profiles, Q&As and pieces on the latest trends. Contact John with story tips at [email protected] or 303-945-6865.

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