ULI Boston Panel Discussion Climate Regulations Will Change Our Industry: Are You Prepared? Tuesday, September 15, 2009

ULI Boston Panel Discussion
Climate Regulations Will Change Our Industry: Are You Prepared?

Tuesday, September 15, 2009

Recently enacted and pending state and federal regulations addressing climate change and building energy efficiency are profound game changers for the real estate industry. Once a second or third-tier concern, carbon footprints and energy performance are quickly becoming top-tier issues as regulations make improving building efficiency a prerequisite for doing business. Buildings from the 1980s, 1990s, and early 2000s will no longer be acceptable. Fundamental change is coming to the practice of design, development, and property management.

Leaders from Ceres, Boston Properties, Beacon Capital Partners and Gensler will discuss what the current and pending climate and energy regulations hold for the real estate industry, how the issues in existing and development portfolios are being addressed, and how these issues are affecting the design of the buildings of tomorrow.

Speakers Include:

Mike Cantalupa
Senior Vice President of Development, Boston Properties

Zeina Grinnell
Vice President, Beacon Capital Partners

Dan Bakal
Director of Electic Power Systems,Ceres


Doug Gensler, Principal, Gensler Moderator
SpeakerbiosSpeaker Biographies

MIKE CANTALUPA
Senior Vice President of Development, Boston Properties

Michael's group is currently responsible for the construction of Russia Wharf, a 850,000 square foot mixed-use project in Boston, MA, seeking LEED Gold designation from the USGBC and Weston Corporate Center, a 350,000 SF development and the future home of Biogen Idec's corporate headquarters. His group has most recently completed development of the Eli and Edythe L. Broad Institute for Genomic Research, a 230,000 square foot research and development laboratory formed with funds from the Broad Family, Harvard University and the Massachusetts Institute of Technology and 77 CityPoint, a 200,000 square foot speculative office building in Waltham, MA, which was recently completed fully leased and has been approved for USGBC's LEED Gold designation.

Additional pipeline projects include numerous other development sites in Boston, Cambridge, Waltham, Weston, Andover and Marlborough, totaling in excess of 5 million square feet of commercial space under various stages of permitting, design and development. In addition, he has served as a consultant to the United State Postal Service, providing advice and services for that agency's Greater Boston real estate holdings and to Children's Hospital Boston in their evaluation of a 350,000 square foot research laboratory at the hospital's Longwood Medical Area Campus in Boston, MA.

Prior to joining Boston Properties in 1988, Michael worked in project
supervision capacities in the construction industry with Perini Corporation, Manganaro Corporation and Component Assembly Systems, Inc. on a number of major commercial building projects in the Greater Boston and New York areas.

ZeinGrinZEINA GRINNELL
Vice President, Beacon Capital Partners

Zeina Talje Grinnell has been with Beacon Capital Partners for 5 years and has managed over 3 million SF of new development including Channel Center in Boston, 535 Mission Street in San Francisco, Reston Signature site in Virginia, City Center Plaza and Griffin Site in Bellevue.

She is currently the asset manager for Beacon's Boston portfolio in charge of leasing, operations and financial reporting for 2.4 million SF of Class A commercial office space.

Ms. Grinnell's broad experience includes sourcing new deals, public approvals, feasibility analysis, project management, contract negotiations, construction administration, debt financing, leasing and asset management.

Prior to joining Beacon Capital Partners, Ms. Grinnell practiced architecture for four years in Boston where she worked on a variety of office, hotel and residential developments from early design through construction. Ms. Grinnell holds a Bachelor of Science and Professional Degree in Architecture from McGill University in Montreal, Quebec, and a Master of Business Administration with a concentration in real estate from Columbia Business School in New York. She is also a Leadership in Energy and Environmental Design (LEED) Accredited Professional.


bakalDAN BAKAL
Director of Electric Power Programs, Ceres

Dan Bakal joined Ceres in 2000, and has helped launch and advance two of the organization's signature efforts, The Global Reporting Initiative (GRI), which develops sustainability reporting guidelines and the $7 trillion Investor Network on Climate Risk (INCR), whose members are addressing the risks and opportunities associated with climate change. Dan oversees Ceres' electric power and coal research, shareholder engagement, and furthers the understanding of environmental risks, with a particular focus on climate risk. He works closely with Ceres coalition members, including environmental, investor, labor and public interest groups, to engage in dialogues with electric power companies, which often involve a comprehensive review of environmental policies, performance, and disclosure practices.

In 2002, Dan developed and launched the Electric Power/Investor Dialogue, a working group of electric power companies, institutional investors, environmental NGOs, and analysts that focused on taking action on climate change by reducing carbon dioxide emissions from the electric power sector. In 2005, the group issued a report highlighting best practices by the industry and financial services sector in addressing climate change. Following this initiative, Dan organized two investor/analyst briefings in collaboration with Sanford C. Bernstein Research, a subsidiary of AllianceBernstein, to assess the financial impacts of climate change on the electric power sector.

Since 2002, Dan has worked with PSEG, Inc. and the Natural Resources Defense Council to publish four editions of the report, Benchmarking Air Emissions of the 100 Largest Electric Generators. The report compares the air pollutant emissions of power industry and provides analysis of issues and trends facing the sector.

Dan has also been helping institutional investors members of INCR deploy more than $3 billion into clean energy investments. Dan's work has been cited extensively in the media, including the Wall Street Journal, the New York Times, the Financial Times, Fortune, Pensions and Investments, BusinessWeek, the Boston Globe, and he has appeared on CNN Headline News, and CNBC's Closing Bell and Power Lunch. Dan holds a B.A. from the University of Pennsylvania.


MODERATOR - DOUG GENSLER
Principal, Gensler
Doug Gensler is a Principal and Managing Director of the Boston office of Gensler, a global design firm with 30 offices around the world. After graduating from Cornell's School of Architecture in 1991 and spending a year in Tokyo working for a large Japanese architecture firm, Doug officially joined Gensler in their San Francisco office. After three years working on a variety of large-scale projects, including a "build-to-suit" campus for a large publishing company and a 500,000 square foot World Trade Center facility in the Philippines, Doug was asked to relocate and help build the Boston office.

Under Doug's leadership the Boston office has grown to a team of 60, providing architectural and interior design services to a growing number of clients in the fields of finance, law, technology, academic, retail, mixed-use and entertainment, real estate, and professional services. Some of the notable projects that he has led include a 140,000 sf Headquarter facilities for Bain & Company, the development of a "proto-type" design and roll-out of multiple sites for both Fidelity Investments and PNC Bank and the master planning for a 200-acre mixed-use development on a Brownfield site just outside of Boston. Doug is currently working on a 750,000sf mixed-use tower in Pittsburgh, Pennsylvania; and with Plymouth Rock Studios on the master planning of a $500 million, 2 million square-foot full service media production campus including sound stages, production offices, a back lot, 5-star hotel with spa, housing, restaurants, retail, and education/research center, in Plymouth, Massachusetts.

Doug is a member of the AIA, CoreNet, NAIOP, ULI, and a former member of Boston Architectural Center's Board of Overseers Education Committee. At Cornell University, he serves on the Advisory Council for the School of Architecture, Art and Planning and is also a Council member for the University.

The mission of the Urban Land Institute is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide.

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