Mid Atlantic Real Estate Journal — May 11 - 24, 2012 — A
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M id A tlantic R eal E state J ournal BBS Architects, Landscape Architects & Engineers First National Green Ribbon Schools program awards W ashington, DC — U.S. Secretary of EducationArne Dun-
can, U.S. EPA Administrator Lisa Jackson, and Chair of the White House Council on Envi- ronmental Quality Nancy Sut- ley announced Hampton Bays Middle School in Hampton Bays, NY, designed by BBS Ar- chitects, Landscape Architects and Engineers (BBS), a winner of the U.S. Department of Edu- cation Green Ribbon Schools program. The announcement ceremony took place at Stod- dert Elementary School in Washington, D.C. The 2012 competition is the first of the new program developed by the U.S. Department of Education in collaboration with the White House and the EPA. “We are very proud of the White House, EPA and the U.S. Department of Educa- tion’s recognition of our project as one of the leading green schools in the nation,” said BBS president and principal Architect Roger Smith, AIA, LEED AP. “The innovative, healthy and environmentally responsible Hampton Bays FREEHOLD, NJ — Since obtaining a loan from Procida Funding’s 100 Mile Fund, Freehold Commons and its broker, CBRE, have brought the office development site from 10 percent to over 50 percent leased in less than one year. Procida negotiated a dis- count from the original lender, provided funding for improve- ments, including construction of a classical lobby and en- trance, and designed a mar-
Hampton Bays Middle School
Middle School is the result of a very close collaboration among the local community, parents, Hampton Bays Union Free School District and the design team. It was the Long Island community’s commitment to sustainable development that resulted in this remarkable, national accolade for a local Suffolk County school.” “Schools that take a green approach cut costs on their utility bills, foster healthy and “The recapitalization of half- built projects is imperative to clearing all of the inven- tory on the market”, said John Mullane, principal at Procida Funding. “Acquiring proper- ties at the right price, using value engineering to keep construction costs down, and working with the borrower in repositioning the asset, are exactly the type of projects our 100 Mile Fund targets.” Recent leases at Freehold
productive classrooms, and prepare students to thrive in the 21st century economy,” said Nancy Sutley, Chair of the White House Council on Environmental Quality. “These Green Ribbon School award winners are taking outstanding steps to educate tomorrow’s en- vironmental leaders, and dem- onstrating how sustainability and environmental awareness make sense for the health of our students and our country.” n Commons include 5,670 s/f to Hobby Publications and 1,995 s/f to Sterne Agee. “Procida provided the per- fect remedy to our situation,” said the principal of Freehold Commons. “They gave us more than just a loan. They renego- tiated our existing debt and were instrumental in reposi- tioning the property for the current market.” Freehold Commons is a 40,000 s/f office development located at 83 South St. n
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