CB Richard Ellis Sets 2010 Goal for Carbon-Neutral Portfolio
CB Richard Ellis Group on May 31 announced plans to assist life sciences companies and other clients with energy-efficiency programs throughout its global commercial real estate portfolio of 1.7 billion square feet, toward the company’s goal of becoming “carbon-neutral” by 2010.
CB Richard Ellis, the world’s largest commercial real estate services company based on 2006 revenues, said it would engage property owners and tenants in discussions about environmental issues, with a goal of implementing energy-saving technology and practices at the vast majority of its clients’ properties and corporate facilities. The practices would be developed through collaboration with the Natural Resources Defense Council, the nonprofit environmental and public health organization headquartered in New York.
The company said the initiative was a response to the growing demand for green facilities from both clients and employees.
CB Richard Ellis has also established a global task force to aggregate and share best practices on a global basis, to develop educational programs for clients and employees and to develop internal policies and business practices. The full text of the company’s environmental stewardship policy is available on the company’s web site.
CB Richard Ellis expects to achieve its energy-saving goal through a combination of energy savings, more efficient space use, carbon emission reductions and, if necessary, through investments in carbon offsets. The real estate company also recently registered its new Washington, DC office with the U.S. Green Building Council’s LEED (Leadership in Energy and Environmental Design) for Commercial Interiors program, and expects to be awarded Gold status.
Sustainable Finance Ltd. advised CB Richard Ellis in its partnership with NRDC and its carbon-neutral program.
Newmark Knight Frank Opens Princeton NJ Office; Acquires Buschman Partners
Newmark Knight Frank has opened a new office in Princeton, NJ, a move intended to strengthen the global real estate services provider’s capabilities in the state.
The newest Newmark Knight Frank office is the result of its recent acquisition of Buschman Partners, a firm headed by John Buschman, a veteran of the New York/New Jersey/Philadelphia commercial real estate marketplace who has headed several companies serving the area over the past 40 years.
Managing principals of the Newmark Knight Frank Princeton office are Buschman; Steve Tolkach, whose 20-year career has focused on serving the needs of corporate users and property owners throughout the greater Princeton/Central New Jersey market; and Tom Romano, who has represented tenants, landlords and investors in the area for the past 11 years.
Other members of the new office are director James Murray, who specializes in office landlord representation, and associate Brian Rushing, who focuses on office-tenant representation.
This is the 26th domestic office for Newmark Knight Frank, which has over 165 offices worldwide and last year carried out transactions valued at more than $37.3 billion, with annual revenues of over $537 million.