Real Estate Wire/Green Trends News Wire

Photo: Myriam Scally and Bill Lazar   By Mike Bonts ST. AUGUSTINE, Fla. (Real Estate Wire/Green Trends)– Local construction nonprofit St. Johns Housing Partnership plans to harness solar energy to help power its main office and three of six apartment units for homeless veterans – thus reducing financial burdens for inhabitants and promoting the use of solar energy in the community. The installation, completed in early May 2023, includes two components: a solar array at the office and another at the veterans' apartment units, known as Patriot Place.  While the financial benefits of these installations are significant, with expected savings of approximately $2,500 annually for the organization and $1,926 for its tenants, it is the broader impact that truly highlights the organization's commitment. By harnessing the power of the sun, St. Johns Housing Partnership not only reduces operational costs but also sets an inspiring example for sustainable practices and environmental stew...

BOSTON (Real Estate Wire/Green Trends) - Berkshire Hills Bancorp, Inc. (NYSE: BHLB) ("Berkshire" or the "Company"), announced that proceeds from its inaugural sustainability bond have been allocated to projects resulting in the creation of 330 units of affordable and workforce housing along with more than 200,000 square feet of green building development.  Berkshire's Sustainability Bond Report, released in conjunction with today's announcement, demonstrates how proceeds were allocated to support affordable housing, workforce housing, green building and financial access and inclusion projects in communities across New England and New York. In June 2022, Berkshire became the first public U.S. community bank holding company with under $150 billion in total assets to issue a Sustainability Bond. The $100 million issuance of its 5.50% fixed-to-floating rate subordinated notes due 2032 was used to finance or refinance new or existing social and environmental pro...

NEW YORK (Real Estate Wire/Green Trends) -- The global green construction market size is expected to reach a value of more than US$ 774 billion by 2030 increasing at a CAGR of more than 11.8% over the next 8 years. Green construction is a philosophy and set of techniques that aim to make the creation and use of the built environment as environmentally friendly as possible. Green construction focuses on limiting negative effects on the environment and even adding some positive benefits from the design stage to the assembly stage to the functionality of the structure after completion. The processing of building materials is one of the components of construction that has the greatest detrimental influence on the environment. The production of wood, steel, concrete, and other construction materials can result in deforestation, pollution, carbon emissions, and other negative consequences.  Green construction can reduce this impact by examining the materials they use and how they are pr...