REAL ESTATE

Regency Centers increases energy savings by 75% annually

BY Katherine Boccaccio

Jacksonville, Fla. — Regency Centers announced Thursday that, through its 2012 “greengenuity” program, it increased annual energy savings by 75%, achieved LEED (Leadership in Energy and Environmental Design) certification for three projects, and tripled the amount of construction and demolition material recycled during the year.

“We believe our commitment to greengenuity leads to better risk management and cost savings, improves our communities, encourages innovation and is in the best interest of our shareholders,” said Mark Peternell, VP sustainability for shopping center owner Regency Centers. “Our 2012 performance metrics are the strongest yet in our ongoing effort to be responsible stewards of natural and economic resources.”

Regency measures its greengenuity progress through steady improvement in five key areas: green building certification, energy efficiency, water conservation, renewable energy and waste reduction.

The 2012 program highlights include:

  • Three development and redevelopment projects achieved LEED certification, plus half of new starts are seeking the LEED designation;
  • Energy-efficient lighting projects saved 3.6 million kilowatt hours of electricity, a 75% increase over 2011;
  • Water savings stayed consistent at 106 million gallons through smart water management practices;
  • Regency installed the company’s first solar energy system at a Boston-area shopping center which generated 296,000 kilowatt hours of renewable energy for the year; and
  • More than 13,522 tons of construction debris was reused or recycled, a 354% improvement over 2011.

The three projects achieving LEED certification were new development Market at Colonnade in Raleigh, N.C.; Mariano’s Fresh Market at redeveloped Roscoe Square in Chicago and redeveloped Granada Village in Los Angeles. Since 2009, more than 60% of the company’s major development and redevelopment projects have sought LEED certification, and of those projects started in 2012, nearly half are seeking certification.

Regency has reduced its energy consumption since 2010 by 5.9 million kilowatt hours. In 2012, the company saved 3.6 million kilowatt hours. Networked lighting controls at 96 shopping centers, which remotely control on-off schedules of site lighting systems, combined with LED lighting and more efficient HID lamps, account for the majority of these savings.

In the area of water conservation, the company has implemented smart water management practices at 98 properties. An example includes the implementation of smart irrigation controllers, which adjust the irrigation schedule based on local weather conditions and other parameters. As a result, Regency has reduced water consumption by 401 million gallons since 2009 and 106 million gallons in 2012 alone.

Regency installed a rooftop solar panel array at the Shops at Saugus, located in the Boston suburb of Saugus, which generated 296,000 kilowatt hours of renewable and zero-emission energy last year. Plus, the company purchased 2,600 Renewable Energy Certificates, or off-sets.

Since the introduction of a construction and debris recycling program, Regency has reused more than 16,994 tons of material on its development and redevelopment sites. As investment in Regency’s portfolio of shopping centers accelerates with an improving economy, more than 13,522 tons of the savings occurred in 2012.

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WoofWoof says:
Apr-01-2013 11:20 am

nice astaka/a>
nice astaka/a>

nice astaka/a>

In the business world, your
In the business world, your profits is not just the main issue there. You still have a lot of expenses like energy that adds up to the increase you want in your business. -
Rich Von

S.Gacho says:
Mar-30-2013 01:26 am

In the business world, your profits is not just the main issue there. You still have a lot of expenses like energy that adds up to the increase you want in your business. - Rich Von

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Toys’R’Us sales slip in Q4

BY CSA STAFF

WAYNE, N.J. — Toys“R”Us reported that sales for the the fourth quarter decreased $155 million to $5.8 billion and that net earnings fell to $239 million from $343 million in the prior year.

Jerry Storch, chairman and CEO, Toys“R”Us Inc., stated, “We are pleased with the overall operating results our team delivered in 2012, particularly the growth in operating earnings in the United States, while our international operating earnings were impacted by the challenging global economic environment, predominantly in Europe and Japan. The change in net income for the year was mainly attributable to costs associated with our successful debt refinancings and an increase in income tax expense."

Comparable-store sales fell 4.5%, thanks in large part to continued weakness in the entertainment category. The juvenile and learning categories proved to be strong performers during the quarter.

Net sales for the year were $13.5 billion, compared with $13.9 billion in the prior year.

Net earnings were $38 million, compared with $149 million in the prior year.

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Study: Mass merchants target diverse consumer group with private label offerings

BY CSA STAFF

ROCKVILLE, Md. — Walmart and Target are targeting multi-cultural and health-conscious consumers with their private-label products directed at multicultural and health-conscious consumers.

The findings were part of a study by market research firm Packaged Facts on mass merchandisers, "The Supercenter Grocery Shopper: U.S. Consumer Patterns at Walmart, Target, Meijer and Fred Meyer." The report noted that mass merchandisers in recent years have marketed private-label food and beverage products that rival those of national brands in price, value and quality.

"National and regional supercenters alike have upped the ante in terms of the breadth of private-label products offered, the type of product information displayed on packaging and the level of premiumization of these products," Packaged Facts publisher David Sprinkle said.

Walmart has led the pack in terms of private-label food and beverage purchases, accounting for 60% of customers overall. In particular, its Great Value brand calls out the presence or absence of potential allergens on packaging, while the retailer has sought to provide healthier options by changing ingredients, such as lowering the sodium content in items like ketchup and canned vegetables.

Meanwhile, Target has reached out to cultural groups, such as Latinos and Asians, through its Archer Farms private-label brand, with such products as Mediterranean-inspired pasta salad kits and Indian-based summer sauces, in addition to making Archer Farms products certified organic, which could appeal to health-conscious consumers.

The survey found that 52% of Walmart shoppers say prices are why they shop at their favorite stores, while almost 60% say they always look for special offers.

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