Philip Blumberg, Chairman of Blumberg Capital Partners, Announces Partnership with CIEL's Climate Change Program

Philip Blumberg - Blumberg Capital Partners and CIEL

Philip Blumberg, founder and Chairman of Blumberg Capital Partners, is pleased to announce his companies' support for environmentally friendly real estate operations as an institutional supporter of CIEL's Climate Change Program.

"It's increasingly clear that environmental impact is a bottom line issue as well as a social one. The Center for International Environmental Law has an enviable record of working to use institutional and legislative change to advance the environmental agenda in a way that promotes all three pillars of sustainable development -- economic, social and environmental -- and we're pleased to be an institutional supporter," said Philip Blumberg.

Blumberg Capital Partners and Commercial Real Estate Best Practices

Blumberg Capital Partners is committed to providing the most efficient buildings possible and to contributing to saving the environment for future generations. Energy costs are a building's single largest operating expense -- up to one-third of a building's costs, according to estimates by the US government. Reducing these costs, along with the environmental pollution that goes with them, makes commercial as well as environmental sense. "We want to educate the real estate industry about effective energy management programs," said Mr. Blumberg. "Imagine if every commercial building in the USA could save twenty five percent of its energy costs. We believe that partnering with CIEL will help us both achieve a worthwhile goal."

Blumberg Capital Partners recently launched several initiatives aimed at increasing awareness of environmental impact and cost containment within the real estate industry. The Company has recently become an accredited Energy Star partner and is applying for an Energy Star rating at its 3 Riverway property at Houston, TX. And the company is developing a Commercial Real Estate Best Practice -- a set of operating principles intended to set the industry standard for efficient building management by encouraging building owners to lower operating expenses and increase asset value.

Please visit the Philip Blumberg Blog and Blumberg Capital Partners for more information.