Steven is a seasoned commercial real estate and appraisal/valuation professional who has built his business thanks to meaningful relationships with industry peers. After nearly 20 years leading one of greater New York metro’s largest commercial property appraisal and consulting practices, Metropolitan Valuation Services, was acquired by JLL. Today, Steven serves as Senior Managing Director of JLL’s US Value and Risk Advisory platform leading the greater New York Tri-State region.
These are not one-shot fines. They are annual fines, and the window for compliance gets narrower every five years until we hit this 2050 threshold. The fines become quite significant as we go to different tranches… and it is going to be a real disruptor because of the amount of capital investment that may be needed across the gamut of commercial real estate.
Given their operationally intensive nature, hospitality assets have a bigger carbon footprint than most other types of commercial property. But owners have many levers to pull to achieve optimization.