The company, headed by Chairman and CEO Richard S. Ziman, is renown for finding new ways to wring profits from its buildings. In the mid-1990s, it was one of the first REITs to aggressively market its rooftops to telecommunications companies that needed space for their satellite dishes.
Now, California's widely publicized energy crisis is providing new fuel for one of Arden's latest technology initiatives: The effort to make its buildings more self-sufficient when it comes to their power needs.
The sky-high utility bills many building owners have received over the past few months is "a sobering reminder that our region still faces serious shortages of electricity, gas and water," Robert C. Accomando, Arden's First VP/Asset Management, tells GlobeSt.com. Rather than simply complaining about their soaring bills, Accomando says building owners should instead capitalize on emerging technology to "lead some major energy initiatives that can provide a short-term hedge and long-term relief" from rising power costs.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
