How L.A.’s Green New Deal Will Impact Property Owners
Los Angeles has presented its own version of the Green New Deal. The sustainability plan is to increase the city’s current energy reduction goals. Overall, the plan aims to move the city’s power to 55% renewable energy sources by 2025, 80% by 2036, and 100% by 2045. For commercial real estate specifically, the plan requires property owners reduce building energy consumption by 22% per square foot by 2025, 34% by 2035 and 44% by 2050. Local green legislation is becoming more p
Westfield’s Promenade 2035 Project Faces Public Hearing
Named “Promenade 2035,” the project would bring more housing units and retail, hotel and office buildings, and a sports and entertainment venue to Westfield’s existing property, bordered by Topanga Canyon Boulevard, Owensmouth Avenue, Erwin Street and Oxnard Street. Promenade 2035, includes the 34-acre complex’s proposed 1,400 residential units, hotels, shops, cafes, grocery store, dry cleaning and office building, plus 10-acres-plus of open space. Westfield also envisions a
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