News Release News Release The City of Palo Alto
Communications Department
650-329-2607
250 Hamilton Ave
Palo Alto, CA 94301

10/29/2009

FOR IMMEDIATE RELEASE
PRESS RELEASE 10/29/2009
Subject :

Palo Alto Office Center Receives City's First Gold Building Certification
Contact : Josh Wallace, Key Account Representative, Utilities    (650) 329-2275
    Joshua.Wallace@Cityofpaloalto.org
Chris Boreta, Palo Alto Office Center    (650) 322-2592
    Chris.Boreta@cbre.com
Palo Alto, CA -- The City of Palo Alto Utilities (CPAU) is pleased to announce that Palo Alto Office Center has been awarded the community's first "Existing Building (EB) Gold Certification" designation under the U.S. Green Building Council's "Leadership in Energy and Environmental Design (LEED)" Program. CPAU offered technical assistance and provided project funding through rebates from its energy efficiency programs.

Several newly constructed Palo Alto buildings have been recognized by the LEED Program. By earning 58 points under the LEED rating system, however, the Palo Alto Office Center (PAOC) has been recognized as the first LEED-qualified existing building in the City.

This industry-leading achievement was accomplished through an environmental partnership comprising C.M. Capital Corporation, the building owner, and building operators CB Richard Ellis Asset Services, and the CBRE Sustainability Program. The LEED Project Team was led by Real Estate Manager Chris Boreta and Chief Engineer Jim Hudzietz.

Changes to the building operation will result in at least 1.6 million kilowatt hours of energy savings annually, with a utility bill reduction of at least $180,000 each year. Funding support of over $70,000 was provided by the City of Palo Alto Utilities Department through its efficiency programs.

Joyce Kinnear, Utility Marketing Services Manager for the City of Palo Alto Utilities’ Department, said "This customer’s great effort sets the example for others.  We hope to partner with more businesses in Palo Alto to add more LEED certification to existing buildings.  Rebates and technical assistance are available through Key Account Representatives."

About the LEED-Existing Building Certification Program
The LEED for Existing Buildings (LEED-EB) Rating System helps building owners and operators maximize their buildings’ operational efficiency while minimizing environmental impacts.  LEED-EB addresses whole-building cleaning and maintenance issues (including chemical use), recycling programs, exterior maintenance programs, and systems upgrades. It can be applied both to existing buildings seeking LEED certification for the first time and to projects previously certified under LEED for New Construction, Schools, or Core and Shell. More information is available at http://www.usgbc.org 
 
About C.M. Capital Corporation
C.M. Capital Corporation provides comprehensive investment advice on portfolios worth over $1 billion.  C.M. Capital was established in 1969 in Palo Alto to advise a prominent Hong Kong-based family on investments in the United States. The initial focus was on real estate, and then its focus expanded to venture capital, leveraged buyouts, and hedge funds. Now, the portfolio includes a broad range of both alternative and traditional asset classes. The firm manages diversified portfolios with differing risk, return, and liquidity objectives, building customized portfolios to meet its clients’ objectives.

About the City of Palo Alto Utilities
The City of Palo Alto (City) is a charter city located in the San Francisco Bay Area of Northern California. The City provides electricity, natural gas, water, wastewater collection, and other utility services to customers within its boundaries through its Utilities Department (CPAU). CPAU is the only municipal utility in California that operates publicly owned services in all four of the above areas.




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