Hines Surpasses Milestone in 2008 - 100+ Energy Star Labels for 50+ Million SF
(HOUSTON) – The Houston office of Hines, the international real estate firm, announced that, in 2008, more than 100 Hines-owned and/or managed office buildings—representing over 54 million square feet—received a label from ENERGY STAR®, a joint program of the Environmental Protection Agency and the U.S. Department of Energy. The 2008 calendar year was the first that Hines has surpassed 100 ENERGY STAR labels in a single year, bringing the total number of currently owned and/or managed labeled buildings to 130, totalling 76 million SF.
In aggregate, Hines’ ENERGY STAR portfolio uses 37 percent less energy and emits nearly 39 percent less carbon than those operating at the national average. In total, these buildings save more than $103 million in energy costs annually, and reduce carbon emissions equivalent to those generated in a year by 100,000 homes.
“We love the challenge of taking over a building and seeing how much and how quickly we can reduce energy consumption. Sometimes the savings are drastic,” said Hines President and CEO Jeff Hines. “We have always been committed to frugal energy usage, but in this economy, our long-time practice becomes an imperative. Lower energy usage and lower operating costs make a landlord/tenant win/win.”
In addition to Hines’ expertise in sustainable property management, the firm is the nation’s leading developer and owner of green office buildings, as cited by a 2008 CoStar study, in association with the University of San Diego’s Burnham-Moores Center for Real Estate.
In 2008, Hines became one of the top sustainable real estate developer partners in ENERGY STAR’s “Designed to Earn the ENERGY STAR (DEES)” program, which recognizes buildings that are designed to achieve superior results in energy efficiency. Hines has developed or is currently developing nine buildings coast to coast—representing more than five million square feet—that have received this designation, including South Station (Boston), 1200 19th Street (Washington, DC), 300 North LaSalle (Chicago), MainPlace (Houston), One Victory Park (Dallas), Eastgate Interlocken (Broomfield), Camelback Phase II (Phoenix), La Jolla Commons (San Diego) and 2211 Michelson (Irvine).
Similarly, Hines currently has 119 new and existing buildings (98 projects), representing over 60 million square feet, that have been certified, pre-certified or registered with the U.S. Green Building Council’s (USGBC) LEED® Green Building Rating System. For more information on the USGBC or LEED, visit www.usgbc.org.
In 1998, the EPA created the ENERGY STAR label for buildings—the mark of excellence in building operations and energy performance—to recognize and promote excellence in strategic energy management, smart business practices and environmental responsibility. Overall, the primary objective of the ENERGY STAR program is to improve air quality by reducing greenhouse gas emissions. More than 12,000 organizations, including Hines, have partnered with ENERGY STAR for more than a decade. In 2007, the program helped prevent 40 metric tons of greenhouse emissions and saved more than $16 billion on utility bills.
Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes more than 1,100 properties representing approximately 457 million square feet (42.5 million square meters) of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. With offices in more than 100 cities in 16 countries, and controlled assets valued at approximately $25.6 billion, Hines is one of the largest sustainable real estate organizations in the world. Visit www.hines.com for more information. To learn more about sustainability at Hines, visit www.hines.com/about/sustainability.aspx.