Jonathan Mechanic quoted in a <em>New York Times </em>article on a program that requires New York City properties to be more energy-efficient

Jonathan Mechanic quoted in a New York Times article on a program that requires New York City properties to be more energy-efficient

In "Seeking a Way to Pay for Green Makeover," New York real estate partner Jonathan Mechanic is quoted about New York City Mayor Bloomberg's proposed green programs that would require New York City landlords to upgrade their properties to become more energy-efficient. With respect to a proposal to update standard leases used in commercial real estate in order to share the costs and benefits of energy upgrades, Mr. Mechanic said, "the way existing documents work, you probably would not in many cases have savings going to the guy who owns the more efficient equipment."

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