FINANCE

Jones Lang LaSalle enrolls 100% of its managed property in Energy Star

BY CSA STAFF

Chicago Jones Lang LaSalle has become the first major real estate service firm to enroll 100% of its managed property in the EPA’s Energy Star program.

The company said that the 330 office buildings that make up its property-management portfolio have been enrolled in Energy Star Portfolio Manager, a process which involves reporting a range of energy-related information to receive a rating between 1 and 100. Ratings correspond to the level of energy performance of a building compared with competitive building, so a building with a 75 rating — the level required to receive an Energy Star label–is more energy efficient than 75% of comparable buildings.

The average Energy Star rating of properties in Jones Lang LaSalle’s managed portfolio is 67, or 17 percentage points higher than the industry average score of 50. This strong performance equates to approximately $50,000 per building in annual energy-cost savings for buildings managed by Jones Lang LaSalle.

“Participation in Energy Star is the best way to objectively measure a building’s energy efficiency, and measuring performance is a key element in improvement,” said Dan Probst, chairman of Energy and Sustainability Services at Jones Lang LaSalle. “Owners are more likely to make modest investments in properties when they can see a payback in terms of reduced energy cost.”

 

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Macy’s boosts ‘Believe’ campaign

BY CSA STAFF

NEW YORK Macy’s announced that it is expanded its “Believe” campaign this holiday season to support the Make-A-Wish Fundation.

This year, the retailer is launching a national Santa Tour, an honorary National Believe Day, a “Yes, Virginia” animated special, a new TV commercial featuring Queen Latifah, and an interactive Believe Web site at macys.com/believe. 

“Macy’s Believe effort really inspired people last holiday, and customers and communities across the country responded in a big way,” said Peter Sachse, Macy’s chief marketing officer. “Not only did we collect more than a million letters and hit our $1 million goal for the Make-A-Wish Foundation, but we saw wonderful and unexpected examples of schools and communities coordinating letter drives to help support this effort. To build on that excitement this year, Macy’s Believe campaign will layer on new elements including taking Macy’s Santa on tour, designating a special Believe Day to celebrate the holiday spirit, and premiering a new animated holiday special that tells the ‘Yes, Virginia’ story. This holiday, America will be inspired to Believe again.”

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Report: B&N says consolidation key to business health

BY CSA STAFF

During an investor presentation on Oct. 27, Barnes & Noble said that in order to survive its stores need to do well in addition to its online division.

According to Publishers Weekly, executives spoke of consolidation and how this would help the health of the business. The book retailer currently operates 700 superstores. Taking steps toward reducing the number of stores, B&N will close all of its Dalton outlets by the end of January.

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