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Articles Archive for 30 November 2012

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[30 Nov 2012 | No Comment | ]

Amalgamated Bank’s Real Estate Finance Group is providing financing to a co-operative apartment building in Sunset Park, Brooklyn, that will be used to install a 21st century solar energy system by the end of this year.
When the project is completed, residents of Sungarden Homes Association Inc. will reduce their electricity costs, make the 88-year old building more environmentally sustainable, and receive both incentive grants and tax benefits.
And, the co-op will significantly reduce its dependence on the power grid.
By equipping its building with an advanced solar array, the co-op qualifies for …

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[30 Nov 2012 | No Comment | ]

By Sabina Mollot
When hurricane Sandy hit New York, causing the East River to surge and flood the nearby streets and buildings, the Solar One building, located just a stone’s throw from the water, was certainly not spared the hurricane’s wrath.
The tiny, one-room structure, like many of the buildings that border it in Peter Cooper Village, Stuyvesant Town and Waterside Plaza, was battered. Walls will soon have to be replaced because of mold growth; outdoor stage and tool sheds were ripped to pieces.
“We got hit pretty hard,” said Chris Collins, Solar …

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[30 Nov 2012 | No Comment | ]
Blackstone makes solar leap

One of the world’s largest private equity investment firms has embarked on a solar program that will improve efficiency’s across its portfolio.

Blackstone said the program has the potential to cut energy costs by approximately 10% and improve environmental performance across the portfolio of companies and real estate assets it manages on behalf of its investors.

The initiative will include Blackstone’s private equity, real estate, and advisory businesses and is part of an ongoing effort to focus on sustainability across the firm for companies it manages and advises.

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