Philip Blumberg Blog

Introducing Five-star Service at our Office Properties

Recently we unveiled what we believe is a first in the U.S. commercial office market: the delivery of five-star service at our office properties, similar to what you might find in five-star hotels by, for example, adding a Club Level Suite for Tenant executives. We took another step towards this today in announcing plans for significant investment in upgrading our Three Riverway Office Tower in Houston, Tex.

Over the next eighteen months, this property will receive $6 million in new services and tenant amenities including adding a Club Level Suite for use by executives in the building, access road improvements, landscaping, wireless Internet, a complete replacement of the building’s lighting system to improve energy efficiency, and upgrades to the existing fitness center and conference room. We're also upgrading our 550 REO property in Tampa, Fla. It's already one of the most unique office buildings in the area with a swimming pool and fitness center. Many of the improvements planned for Three Riverway will be included in the 550 REO renovations.

Ultimately, Blumberg Office Properties will all include a range of premium services to Tenants that is unparalleled in the industry.

Blumberg Capital Partners' Three Riverway Earns Energy Star Rating

Our Three Riverway Office Tower in Houston, Tx was awarded the ENERGY STAR designation Tuesday September 4 for its commitment to energy efficient buildings. I'm delighted we've earned this prestigious rating. It's a mark of superior energy performance -- that's good for the bottom line -- and identifies Three Riverway as one the most efficient buildings in the nation (which, by preventing the release of greenhouse gases, helps protect the environment).

4 Steps to Reducing Energy Costs - Philip Blumberg Applies for Energy Star

Recently we launched a new initiative, pledging our commitment to the real estate industry to help manage rising energy costs.  Leading by example, we're encouraging building owners to institute effective energy management programs to lower their overall operating expenses and increase asset value.

Quick Excerpt:

1. Measure current energy performance. In order to establish an effective energy reduction program, determine a starting point from which future energy reduction/savings will be compared...

2. Set energy reduction goals. Setting clear and measurable goals is critical for developing effective strategies...

3. Track savings. Establish a system to measure and verify performance results in order to measure energy performance from a building and portfolio perspective...

4. Apply for the rewards of improvements. Buildings can earn the Energy Star rating by establishing a rating of 75 or higher...

View the complete release on Philip Blumberg Market Wire