Multifamily Properties Now Eligible for Energy Star Certification

On September 16, 2014, Energy Star unveiled the new multifamily score in their online benchmarking software Portfolio Manager.  If your multifamily property receives a score of 75 or higher in Portfolio Manager, it may be eligible to be certified by Energy Star, signifying that it is among America’s top energy performers. Being certified with a multifamily Energy Star Certification identifies you as “Green.”  Green valuation benefits building owners and investors by reducing operating expenses, attracting better and higher rents, increasing occupancy and increasing resale value.   Nova Consulting Group ... Read more

Nova Ranks No. 18 on the 2014 Inc. 5000 List of Top Environmental Services Companies

Nova Consulting Ranks No. 2145 on the 2014 Inc. 5000 and No. 18 on the Top Environmental Services Companies with Three-Year Sales Growth of 185% NEW YORK, August 20, 2014 -- Inc. magazine today ranked Nova Consulting Group NO. 2145 on its 33rd annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Companies such as Yelp, Pandora, Timberland, Dell, Domino’s Pizza, LinkedIn, Zillow, and many ... Read more

100% Financing for Energy Efficiency Projects

What is Property Assessed Clean Energy (PACE) Financing? Property Assessed Clean Energy is an innovative way to finance energy efficiency and upgrades to buildings.  Interested property owners work with the Strategic Energy Group of Nova to evaluate measures that achieve energy savings and apply to their local PACE administrator to receive 100% financing.  This debt is repaid as an additional charge on your property tax bill. Repayment obligations transfer to the next owner if the property is sold. Why use PACE financing? By offering ... Read more

Reviewing the Transition to ASTM E1527-13 Standard for Environmental Site Assessment

A number of clients continue to ask about how the transition to the new ASTM E1527 Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Processis progressing.  Before we address this question, let’s first review the changes or “clarifications” that the updated standard delivered.  Other than some editorial changes geared towards simplifying or clarifying the E1527-05 standard’s intent and process, the primary areas of change included the following: the addition of the definition of a Controlled Recognized Environmental Condition (CREC), the ... Read more

Nova Ranks No. 9 on Zweigwhite’s 2014 Hot Firm List

  ZweigWhite has announced the 2014 Hot Firm List, an exclusive ranking of the fastest-growing firms in the A/E/P and environmental consulting industry. This list represents the firms in the architecture, engineering, planning and environmental industries that posted the highest percentage revenue growth and dollar revenue growth over a three-year period compared to the other entrants. Nova ranked 9 out of 100 on this impressive list. See the full list here. In an industry comprised of more than 100,000 firms, those who have made the list have ... Read more

A Letter from London: Nova’s UK Office Expands

Nova established offices in London in mid-2012 to service European property acquisition work with U.S.-based clients. Our initial work was focused on supporting clients who were acquiring or lending against prime London properties. These included landmark office and hotel sites.  Our work soon spread to encompass delivery of acquisition work in Europe, especially the buoyant property markets of the Netherlands and Germany.  To date we estimate that we have advised on property deals that are in excess of US$4 Billion. We had ... Read more

Q&A with Severino: Don’t Lose Sleep Over 2014 Market

As the market approaches its transition from the first half to the second half of 2014, EDR Insight and Nova Consulting Group collaborated with well-known economist Ryan Severino at Reis, to get his take on the state of the economy and commercial real estate market coming off a slower-than-expected Q1. In his words, here’s what you can expect to see. ***   Crocker: Let’s start with the question on everyone’s mind. After such optimistic forecasts in January, why was Q1 so disappointing? Severino: Clearly, the ... Read more

Building Energy Disclosure at Transaction: What CA and WA building owners need to know

While several cities are now requiring building energy benchmarking and reporting, two states have implemented programs that require disclosure to prospective buyers, lenders and lessees for commercial buildings. Failing to comply can result in fines and/or civil judicial proceedings. Hiring Nova to be your energy consultant is an important step in making sure that you are complying with these laws and accurately reporting your building’s energy consumption. If Nova is already completing a PCA for your facility, an energy benchmark is an ... Read more
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