MB Real Estate Mar11

MB Real Estate

MB Real Estate (MBRE), a third party manager of multiple high profile commercial buildings in Chicago, sees sustainable property management practices as much more than good environmental stewardship. In fact, when talking to building owners or tenants about sustainable practices, MBRE’s Director of Sustainability focuses on the bottom line. More specifically, the triple bottom line. “It’s a matter of finding that equilibrium between the social, the environmental, and the economic aspect of everything we do,” said Natalie Stanley, assistant vice president for MB Real Estate, a Yardi client. The three pillars of the triple bottom line philosophy: people, planet, and profit, are cornerstones of MBRE’s sustainable efforts, which benefit multiple stakeholders: building owners, tenants, and the community at large. The firm’s portfolio includes five LEED-certified buildings that total 5.5 million square feet, and eight ENERGY STAR buildings that total six million square feet. The green building portion of the MBRE portfolio has been growing every year. The benefits are myriad, Stanley explains. “If you look at all the energy use in the city/world, it is primarily buildings and facilities that use the most energy. If we can collectively work with the owners and tenants to reduce consumption of resources like water and energy, they all benefit from that reduction in operating expenses. Conceptually that will add value to the building itself,” Stanley said. Energy efficiency has been a major thrust of MBRE’s sustainability efforts with building owners. “We focus on the base building systems and the operating schedules of the HVAC system. Changing the operating schedules is really important and that’s an easy fix, because it’s free. The building engineers just have to make modifications to the schedules. That’s an easy one to handle right off the bat,” Stanley explained. “We have most our...