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Public-Private Energy Partnership Kicks Off

NEW YORK CITY-The Obama administration's Commercial Real Estate Energy Alliance is made public at a gathering of 18 leading companies and industry groups.

By Cody Lyon | Updated on April 10, 2009

[IMGCAP(1)]NEW YORK CITY-The US Department of Energy, commercial real estate executives and officers from the Buildings Owners and Managers Assoc. have launched a public-private initiative to reduce energy consumption and the resulting carbon footprint of the nation’s commercial buildings. The kickoff event for the Commercial Real Estate Energy Alliance was a meeting held Thursday afternoon at 7 World Trade Center, the first LEED Gold-certified office tower in Manhattan.

Despite increasingly sour times in the market, 18 representatives from some of the nation’s largest commercial real estate companies took part in the event. “You give evidence to this being the right time for this initiative by looking at who was here,” Richard D. Purtell, chair and CEO at BOMA tells GlobeSt.com. Purtell, also portfolio manager at Grubb & Ellis, stresses that “this is the time to do this: right now and not wait.”

Adds Diane Vrkic, COO of global energy sustainability services at Jones Lang LaSalle, “There could be a lot of growth around these alliances. It seemed as through all the different individuals here, who came to exchange ideas, seemed to benefit from these exchanges.”

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