Blumberg Companies Advises on Reducing Real Estate Energy Costs: Cut up to

One-Third of a Building"s Costs
Commercial Realtor Philip Blumberg Companies Applies for Energy Star
(PRWEB) August 10, 2007 -- Blumberg Companies today launched a commitment to the real estate industry to
help manage the rising costs of energy by encouraging building owners to institute effective energy management
programs to lower operating expenses and increase asset value
Blumberg Companies Advises on Reducing Real Estate Energy Costs: Cut up to
One-Third of a Building"s Costs
Commercial Realtor Philip Blumberg Companies Applies for Energy Star
(PRWEB) August 10, 2007 -- Blumberg Companies today launched a commitment to the real estate industry to
help manage the rising costs of energy by encouraging building owners to institute effective energy management
programs to lower operating expenses and increase asset value.
Blumberg Companies Applies for Energy Star, Prepares Best Practices
As a first step, Blumberg Companies applied for the US government"s Energy Star rating (Blumberg Companies
3 Riverway property at Houston, TX. Energy Star estimates that energy costs account for one-third of a building"s
costs and are a property"s single largest operating expense. Reducing these costs, along with the environmental
pollution that goes with them, makes commercial as well as environmental sense. And, by applying to become an
Energy Star partner, Blumberg Companies demonstrates its commitment to providing the most efficient buildings
possible and contribute to saving the environment for future generations. 'From both the business and
environmental perspectives, we urge all building owners to partner with Energy Star,' said Philip Blumberg,
Founder and CEO of Blumberg Companies.
Secondly, Blumberg Companies is incorporating the Energy Star guidelines into its Commercial Real Estate Best
Practices -- a set of operating principles intended to set the industry standard for efficient building management.
Research studies show that consumers increasingly look for energy efficient homes and appliances -- for example,
those that meet the strict energy efficiency guidelines set by the EPA and US Department of Energy (
energystar.gov/index.cfm?c=comm_real_estate.bus_comm_realestate).
Blumberg Companies believes that the real estate sector will have to respond in kind. Construction companies
and other commercial operators will have to take a strategic approach to energy management that will not only
pass regulatory muster but also increase asset value through better energy performance and higher tenant
satisfaction and retention. Strategic energy management can produce twice the savings for the bottom line and the
environment as can short term approaches. Blumberg Companies identifies the key steps as follows:
1. Measure current energy performance. In order to establish an effective energy reduction program, determine a
starting point from which future energy reduction/savings will be compared. Initial Ratings and performance can
identify specific areas of poor performance and aid in strategic planning and building upgrades. Evaluation results
and information gathered during the initial review process can be used to create an action plan.
2. Set energy reduction goals. Setting clear and measurable goals is critical for developing effective strategies. In
order to set strategies for improving the Energy Performance of office buildings, identify and quantify cost
effective opportunities to improve building and portfolio-wide energy performance in operations and
maintenance, occupants" behaviors, lighting, controls, and equipment. Well-stated goals will aid decision-making
and are the basis for tracking and measuring progress.
3. Track savings. Establish a system to measure and verify performance results in order to measure energy
performance from a building and portfolio perspective. This information will provide valuable information for
making decisions regarding investments in energy efficiency, developing energy management plans, measuring
improvement over time, and reaping financial gains.
4. Apply for the rewards of improvements. Buildings can earn the Energy Star rating by establishing a rating of
75 or higher. This achievement shows that the building owner has made every reasonable effort to operating the
building as efficiently as possible.
Building owners are recognizing the environmental issues society faces today and the role they can collectively
play in alleviating some of the problems by reducing energy consumption. For more information, please contact
Blumberg Companies.
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Contact Information
Sean Healy
Blumberg Companies
philipblumberg.info/
212-453-2438