Real Estate, Mortgage News

Real Estate News and Press Release Distribution Services
Submit Press Release | Submit RSS Feed | About US | Contact Us

Home | Real Estate News | Mortgage Rates
Unlimited Press Release Distribution
Press release distribution service


News Media
CNN Money
Costar Group
Inman News


Los Angeles Times


National Real Estate Investor
Mortgage News Daily
New York Times
Realtor Magazine
RISMedia
Wall Street Journal
Yahoo Finance
Zawya
RSS News Feed
Get your news feed listed here as other news media shown below! Submit RSS News Feed

Mercury News
New York Post

Real Estate News Releases

Empire State Building Retrofit Dramatically Cuts Energy Use, Costs reports Windows for Life

(EstateNewsWire.com, November 11, 2012 ) Victoria, Australia -- An entry on the National Resources Defense Council’s Switchboard staff blog reports Tony Malkin, president of Malkin Holdings, was cautious in approaching the retrofit of the commercial real estate firm’s biggest asset. That asset is the New York City’s iconic but aging Empire State Building.



Even though his wife Shelly was an NRDC trustee, Malkin was not primarily interested in making an environmental statement. As he told Harvard Magazine, any retrofit plan “had to make business sense,” since as a capitalist, he “wanted to make money. This is not charity."



So when he weighed energy-conservation parts of an overall retrofit plan, he went with a project team of real estate, energy service, and climate experts headed by Johnson Controls. He did so only after team members had spent nine months studying 60 possible steps and guaranteed the eight measures they selected would pay for themselves within three years. Another stipulation required that it must produce energy savings of about 20% over 15 years. If not, they agreed, they would pay for any shortfall.



One of the potential areas for achieving significant energy savings would be replacing the building’s 6,514 windows with high-efficiency models. But buying and installing brand-new windows would cost $20 million, so the project team came up with an ingenious alternative.



Instead of scrapping the old windows for newer ones, they opted to rebuild the existing windows on site by inserting a layer of high-grade insulating film between the two existing glass panes. As a result, the refurbished windows cost less than $5 million. That move will save the building and tenants about $414,000 in annual heating and cooling costs, and the process creates less waste for local landfills.



Commercial building tenants typically account for about half a building’s energy use, so the Empire State Building team included them as it made its retrofit plans. It also worked with new tenants when they were drawing up plans for building out newly-rented office space.



One new tenant, worked to develop an energy-efficient office layout whose cost over the lease term would not exceed those for typical high-end office space. Using an open-office floor plan taking maximum advantage of natural light, building in individual temperature controls for workspaces, and installing an under-floor ventilation system where just a few strategies implemented. All were designed to helped the firm cut its per-square-foot electricity bills to half of the company’s previous office. The the design features would more than pay for themselves in five years.



As the retrofit continues, energy-efficiency measures in the first year have already brought the Empire State Building’s owner and tenants $2.4 million in operating cost savings. When the retrofit project is done in the next few years, the building expects to cut energy use by almost 40% percent and save about $4.4 million annually.



About Windows4Life.com.au:



Windows4Life.com.au (http://www.windows4life.com.au) of Melbourne is an Australian-owned manufacturer of quality energy-efficient, eco-friendly uPVC windows and doors. Its extensive array of home improvement offerings, ranges from awning to sliding windows, bi-fold doors to hinged doors, and much more at the Windows 4 Life website.

Windows4life.com.au

Andy Derrick Lewis

1300 369 653

sales@windows4life.com.au

Source: EmailWire.Com


Real Estate News by Sector
  • Appraiser
  • Consumer News
  • Commercial
  • Mortgage News
  • Property Law
  • REIT News
  • Sales, Marketing
  • Technology

  • Real Estate RSS Marketpalce

    Submit RSS news feed on Real Estate.
    Have your feed on real estate news, products or services displayed under this marketpalce and have your feed on a full page updated daily. Click on example below. Add RSS feed Now!

    EmailWire Real Estate News Releases
    News releases on real estate as posted by businesses, organizations and experts.


    Press release service

    ESTATENewswire is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

    For unlimited press release distribution for $99 per month or $999 per year, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2009 GroupWeb Media LLC

    GroupWeb Media Network
    AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
    | InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
    ESTATENewswire.Com - Newswire and Press Release service of GroupWeb Media LLC