14 Wall gets Energy Star rating for turning energy use into savings

Real Estate Weekly, July 9, 2008

14 Wall Street, owned by Capstone Equities and The Carlyle Group, has earned the U.S. Environmental Protection Agency's (EPA's) prestigious ENERGY STAR, the national symbol for protecting the environment through superior energy performance. 14 Wall Street joins approximately 3,200 buildings nationwide that have earned the ENERGY STAR.

By earning the ENERGY STAR, 14 Wall Street is using about 35 percent less energy than average buildings, while still providing quality service and comfort to occupants. 14 Wall Street lowered its energy costs and reduced greenhouse gas emissions.

"We are very pleased to have earned the EPA's prestigious ENERGY STAR. Together, Capstone Equities and CB Richard Ellis, Inc. are striving to operate 14 Wall Street as an efficient, ecologically aware property that meets the highest level of environmental sustainability and earning this award is an integral part of our process," said Joshua Zamir, managing principal of Capstone Equities.

Organizations earn the ENERGY STAR by using EPA's national energy performance rating system to generate energy-efficiency ratings for their buildings, on a scale of 1 to 100 relative to similar buildings across the country. The rating system is available for office buildings, schools, dormitories, hotels, hospitals, and grocery stores, among other commercial buildings. To earn the ENERGY STAR, 14 Wall Street took the following actions: Operated building equipment with maximum efficiency; Instituted low cost, no cost energy improvements; Closely monitored energy consumption.

More than 3,200 buildings have earned the ENERGY STAR since in 1990. These 3,200 ENERGY STAR buildings in all 50 states represent over 575 million square feet. In the U.S., energy loss from commercial buildings represents almost 18 percent of our greenhouse gas emissions.

"14 Wall Street is proud to be involved in this national program that strives to what we must achieve to help protect our environment for future generations," said Daniel Ghadamian, principal of Capstone Equities.

ENERGY STAR is a government-backed program that helps businesses and consumers protect the environment through superior energy efficiency. In 2006 alone, Americans, with the help of ENERGY STAR, save $14 billion and prevent greenhouse gas emissions equal to those from 25 million vehicles.

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