News & Events
Tom Pfister a Forbes contributor writes on the emergence of PACE markets in the nation’s largest metropolitan cities including Chicago, New York, and Philadelphia. The trend began ten years ago, when the first few C-PACE programs moved stealthily out from the shadows of the Great Recession.
CSRE through the Maryland Commercial PACE program (MD-PACE), closed $1.9 million, 20-year (C-PACE) financing for energy efficiency and water conservation measures at the Microtel By Wyndham hotel development project in Gambrills, Maryland.
CounterpointeSRE Provides $21.25 Million In C-PACE Financing To The Prime Group, Inc. In The City Of Chicago’s First Chicago PACE Transaction
CounterpointeSRE, announced today the closing of the first Chicago PACE program financing, which provided $21.25 million in private capital to an affiliate of The Prime Group, Inc. toward redevelopment of five vacant floors of the historic 208 S. LaSalle Street building into a new, 233-room luxury boutique hotel. The hotel will be operated as The Reserve Hotel and will be a member of Marriott’s Autograph Collection. The $21.25 million of PACE funding will support energy-efficient infrastructure investments at the new hotel including HVAC, windows, lighting, and elevator elements as well as water-conserving low-flow fixtures.
Counterpointe Sustainable Real Estate Closes $3.7 Million C-PACE Financing For Expansion And Updates To Victoria Nursing And Rehab Center In Miami, Florida
Counterpointe Sustainable Real Estate (CounterpointeSRE) announced today that it has closed a $3.7 million, 20-year, Commercial Property Assessed Clean Energy (C-PACE) financing in support of the renovation of the Victoria Nursing and Rehabilitation Center, located two miles south of Downtown Miami. The CounterpointeSRE financed improvements to the property consist of multiple energy-efficient upgrades to the building’s HVAC as well as a new standby emergency generator coupled to the new HVAC systems. The later effort complies with Florida’s state law mandating backup power sources in nursing homes and assisted living facilities signed into law in 2018 by Gov. Rick Scott.
Counterpointe Sustainable Real Estate, a national leader in renewable energy and energy efficiency PACE financing, announced today the closing of $507,000 in C-PACE financing for the development of a 102 KW solar array atop a mixed use industrial office in Commack, Long Island (NY). The project, developed by Excelsior Development of Queens (NY), will improve the insulation of the building’s 22,500 square foot roof and puts in place 280 solar panels projected to yield annual savings of greater than $16,000 per year. The project also qualified for a rebate of $15,000 from the New York State Energy Research and Development Authority (NYSERDA).
Avoiding Free Fall: Modernize Your Elevators With C-PACE Date: 11 October 2019 Source: CounterpointeSRE Author: Adam Moskowitz Recent elevator safety incidents in Chicago and elsewhere have building owners (and tenants) looking at their own elevators and wondering if...
Counterpointe Sustainable Real Estate Closes $1.79 Million PACE Financing For “Delta Hotels Marriott Cincinnati” Now Under Renovation In Ohio
Counterpointe Sustainable Real Estate (HASRE) announced that it has closed a $1.79 million, 15-year, Commercial Property Assessed Clean Energy (C-PACE) financing deal with LDI Management Company to support the renovation of a 237 key hotel in Cincinnati, Ohio. Originally built in 1963, the 13-story, 237 room hotel was purchased by LDI in 2016 and has operated as the Ramada Plaza. When upgrades are completed to the well-known hotel located next to the Sharonville Convention Center and attached to Splash Cincinnati, it will change brand flags and become the Delta Hotels Marriott Cincinnati per an agreement reached this year.
Equipment with Longer Useful Life Can Save You Money From Day One Even with higher up-front costs, equipment with a longer useful life, when purchased with PACE financing, can yield positive cash flow from "day-one." Date: 22 July 2019 Source: CounterpointeSRE...
Counterpointe Sustainable Real Estate Closes $12 Million C-PACE Financing For “Tommie Hotel” Now Under Construction In Hollywood
Counterpointe Sustainable Real Estate announced today that it has closed a $12 million, 30-year, Commercial Property Assessed Clean Energy (C-PACE) financing through its Hannon Armstrong Sustainable Real Estate brand in support of the construction of the new Tommie Hotel, located between Hollywood and Sunset Boulevards in downtown Hollywood, California.