REAL ESTATE

Marimekko expanding to West Coast

BY Staff Writer

New York — Marimekko will open a flagship in the heart of Beverly Hills, Calif., on Nov. 15. The 5,000 -sq.-ft. store will feature the entire range of Marimekko products, from signature fashions to home furnishings and textiles, as well as a showroom to support further business development of the brand in the area.

The Finnish textile and clothing design company, renowned for its original prints and colors, opened a store in Palo in the Stanford Shopping Center, on Oct. 25.

In past 12 months, the brand opened a flagship shop in New York City and expanded its Boston presence with a store on Newbury Street, as well as collaborated with Canadian-based design store EQ3 for a new shop-in-shop in Toronto in August.

In addition to the brick-and-mortar store Marimekko launched an e-commerce last year in an effort to bring the brand to a wider audience. Marimekko has also its own store in Cambridge and a retailer-owned store on Manhattan’s Upper East Side as well as shop-in-shops at select Crate & Barrel locations.

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REAL ESTATE

Survey: Companies committed to green building, but not to LEED certification

BY Marianne Wilson

New York — Companies remain committed to constructing green buildings, according to a survey by Turner Construction Co. The company’s 2012 Green Building Market Barometer found that while executives remained committed to incorporating sustainable building practices into their building programs, fewer said their companies were likely to seek LEED certification from the U.S. Green Building Council when constructing a green building.

Only 48% of the surveyed executives thought it was extremely or very likely that their company would seek LEED certification if they constructed a green, down from 53% in the 2010 survey and 61% in the 2008 survey.

Among executives who said their companies were not likely to seek LEED certification, the most important reasons cited were the cost of the certification process (82%), staff time required (79%), time required for the process (75%), and the overall perceived difficulty of the process (74%). Of those executives who indicated they would consider another system, 63% said they would be extremely or very likely to consider seeking certification under Energy Star, which highlights the importance of energy efficiency.
The executives cited energy efficiency (84%) and ongoing operations and maintenance expenses (85%) as the key drivers to green construction. More than two-thirds of executives also said that non-financial factors were extremely or very important including indoor air quality (74%), health and well-being of occupants (74%), satisfaction of employees/occupants (69%) and employee productivity (67%).

However, only 37% of executives said it was extremely or very important to their companies to minimize the carbon footprint of their buildings. This suggests, according to the survey, that the decision to incorporate green features is driven by a desire to reduce cost followed by an interest to improve the indoor environment for building occupants, rather than broader concerns about the impact of buildings on the global environment.

"Energy efficiency figures prominently in the decision-making process of green building primarily because of its large economic impact," said Michael Deane, VP and chief sustainability officer at Turner Construction. “Water efficiency in green construction was seen as less important. This is in spite of a growing awareness that water is a finite resource, both in its operational use and its role in the production of goods and materials. While the direct economic impact of water efficiency is less than the savings on energy, its environmental impact is quite significant.”

Ninety percent of respondents said their companies were committed to environmentally-sustainable practices. Of that percentage, 56% of executives said their companies were extremely or very committed to following environmentally sustainable practices in their operations, while an additional 34% said they were somewhat committed.

Among real estate owners, developers, and corporate owner-occupants, 64% said they expect to undertake new construction projects over the next 12 months (up from 46% in the 2010 survey), and 71% said they expect to undertake renovation projects over the same period (up from 58% in the 2010 survey).

The executives participating in the survey were from the following principal types of companies: architecture (49%), construction (19%), real estate consulting (11%), corporate owner-occupant (9%), developer (9%), engineering (9%), real estate owners (7%), corporate tenant (3%), and broker/real estate service provider (2%), (These percentages total to more than 100% since some companies were involved in more than one industry segment.)



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P.Lopez says:
Apr-10-2013 07:09 pm

This is in spite of a growing awareness that water is a finite resource, both in its operational use and its role in the production of goods and materials. ChatRandom

P.Lopez says:
Apr-10-2013 07:09 pm

This is in spite of a growing awareness that water is a finite resource, both in its operational use and its role in the production of goods and materials. ChatRandom

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Von Maur continues expansion of Dry Goods brand

BY Katherine Boccaccio

Davenport, Iowa — Department store chain Von Maur said Thursday that it has opened a 4,000-sq.-ft. Dry Goods store at Jordan Creek Town Center in West Des Moines, Iowa – the specialty retailer’s first location in the state and its eighth overall.

The concept, which centers around contemporary women’s clothing and accessories, is strategically growing; the plan, said the company, is to have a nationwide presence. It recently launched its online business at Drygoodsusa.com.

"We are thrilled to open our first Dry Goods store in our home state of Iowa and are confident our newest location in West Des Moines will be successful," said Lindsay Caltagirone, VP, noting that with more than 150 special stores, the Jordan Creek Town Center is the largest shopping complex in Iowa and the fourth largest in the Midwest.

The first Dry Goods opened in October 2010 in Aurora, Ill. While future locations will be primarily concentrated in Midwest-based shopping centers, the goal is to expand Dry Goods beyond the Midwest as part of a national expansion initiative.

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