Published: July 07, 2011
Irvine Company's ENERGY STAR Certified Office Portfolio Ranks Among Nation's Largest Property Managers
NEWPORT BEACH, Calif. - (BUSINESS WIRE) - Irvine Company today announced that its portfolio of ENERGY STAR
certified office buildings ranks in the top ten nationally and second in
California among all property managers in terms of total square feet
certified for 2010. The ranking, based on an Irvine Company analysis of
the EPA Registry of ENERGY STAR Labeled Buildings, represents fifty-four
of Irvine Company's 93 office buildings, or 16.6 million gross square
feet (Msf), that received ENERGY STAR certification for 2010. Based on
square footage, this corresponds to nearly 90 percent of the
company's high-rise office portfolio, including associated mid- and
low-rise properties. Collectively, the company's 54 ENERGY STAR labeled
buildings received an average ENERGY STAR score of 83. A building that
scores a 75 or higher on the U.S. Environmental Protection Agency's
(EPA) 1-100 scale may be eligible for ENERGY STAR certification and the
numerical score is representative of a building's percentile rank among
all buildings that participate in the nationwide program. The Irvine
Company is also unique among large property managers in that it owns all
of its ENERGY STAR certified buildings.
According to Rich Bluth, Vice President of Energy Management for Irvine
Company Office Properties, "These results certainly highlight the impact
of the ongoing efforts our operations teams deliver in operating our
properties with a focus on energy efficiency. Our next steps include
further expansion of the program beyond our office buildings to include
eligible locations in our resort, retail and apartment community
portfolios."
ENERGY STAR certification signifies that a building performs in the top
25 percent of similar facilities nationwide for energy efficiency and
meets strict energy efficiency levels set by the EPA. Buildings that
earn the EPA's ENERGY STAR certification use about 35 percent less
energy than average buildings, cost 50 cents less per-square-foot to
operate, have higher occupancy rates, increased asset value and lower
carbon emissions. Energy use in commercial and industrial buildings is
responsible for about 45 percent of the U.S. greenhouse emissions that
contribute to global warming and the ENERGY STAR program shows building
owners how to reduce their buildings' emissions though enhanced energy
efficiency.
"Improving the energy efficiency of our nation's buildings is critical
to protecting our environment," said Jean Lupinacci, Chief of the ENERGY
STAR Commercial & Industrial Branch. "From the boiler room to the board
room, organizations are leading the way by making their buildings more
efficient and earning EPA's ENERGY STAR certification."
Irvine Company became an ENERGY STAR Partner in early 2011 and is
actively benchmarking 100 percent of its high rise and associated low-,
and mid- rise properties. The company is expanding its ENERGY STAR
benchmarking efforts across its wide portfolio of properties.
About the Irvine Company
Founded in 1864, the Irvine Company is an internationally renowned real
estate development company known for its award-winning master-planned
communities, its vast portfolio of high-quality investment properties,
and its leadership in conservation and natural resource management. The
growing real estate portfolio encompasses office, apartment, retail and
resort holdings located throughout California's premier markets,
including assets in San Diego, Orange and Los Angeles Counties, and
holdings in Northern California. As a steward of some of America's most
beautiful and scientifically important open space and parklands, the
company has donated to Orange County more than half of the historic
93,000-acre Irvine Ranch in Orange County - 50,000 acres - to
permanently preserve these lands. The U.S. Department of Interior and
the State of California have designated these parklands as "Natural
Landmarks," one of the most prestigious land preservation designations.
The privately held, diversified company traces its roots to the 1860s
with the formation of The Irvine Ranch from Mexican and
Spanish land grants.
Irvine Company
Erin Freeman, 949-720-2587
efreeman@irvinecompany.com
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