In early June, the first Commercial Property Assessed Clean Energy (“C-PACE”) transaction closed in New York City, courtesy of C-PACE financing provided by Petros PACE. In connection with a larger $500 million dollar acquisition and construction financing deal involving a 1.2 million square-foot office building in the Wall Street area, Petros PACE provided $89 million dollars of C-PACE financing for the transaction. According to Petros PACE, the C-PACE funds will be used to make the building...By: Cole Schotz.