SAN FRANCISCO-This morning, GlobeSt.com reported that locally based Shorenstein Properties LLC has been recognized as having completed the Building Owners and Managers Association International's 7-Point Challenge. Shorenstein is a partner in EPA's ENERGY STAR program and 80% of the company's portfolio has either qualified for the ENERGY STAR label or is pending approval.
For the past several years, the company has also been a participant in the Environmental Defense Fund's Climate Corps Initiative. According to Stan Roualdes, executive vice president for property management and construction, the firm was excited to participate in this challenge because “it fit well with our overall operating strategy and platform.”
He notes that “We worked diligently to meet the commitment we made and, five years later, we are very proud to be recognized for our efforts and the effect we have had, and will continue to have, on our environment, buildings and tenants.”
Additional steps taken by the company in the last 12 months include:
- Hiring a full-time Sustainability Program Manager;
- Developing ongoing tenant engagement programs to provide information, tools, and incentives to enhance the sustainability of our tenants' office places;
- Expansion of companywide benchmarking to include water, and waste;
- And, committing to reduce energy consumption by an additional 20 percent by 2020 as part of the Department of Energy's Better Buildings Challenge.
According to BOMA's website, it's often said that industry will never self-regulate, but the following companies “wowed” BOMA by their efforts on all seven points of the 7 Point Challenge. They are:
*Brookfield Office Properties
*Carr Properties
*Crimson Services LLC
*Glenborough LLC
*Granite Properties
*Liberty Property Trust
*Munich Reinsurance America Inc.
*Riverview Realty Partners
*Parmenter Realty Partners
*RREEF Real Estate
*Stream Realty Partners LP
*Shorenstein Realty Services LP
*The Ashforth Co.and TIAA-CREF
*Tower Cos.
*USAA Real Estate Co.
*Wells Real Estate Funds
Additionally, the following companies deserve proper recognition for completing the submission process and offering their portfolios for consideration, says BOMA:
*RiverRock Real Estate Group
*JMB Realty Corp.
*IDS Center- Inland American Office Management LLC
*LBA Realty
*Eastman Cos.
*CASE Commercial Real Estate Partners
*CNL Commercial Real Estate
*Cassidy Turley
*Healthcare REIT
*Healthcare Facilities Development
*Coventry Health Care Inc.
*Seven Oaks Management
*Texas Guaranteed Student Loan Corp.
Additionally, BOMA awarded two specialty recognitions. The award for Most Improved goes to Munich Reinsurance America Inc. Munich took their portfolio from an Energy Star score of 10 to a 63. Their headquarters building is carbon neutral and they believe they can be carbon neutral portfolio-wide by 2015, says BOMA. The award for Most Innovative goes to Liberty Property Trust: The Liberty Energy Efficiency Partnership or “LEEP” program is an internal program created to work with tenants who control their own energy bills.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
