Los Angeles High Rise Sweeps Prestigious Awards

2 Nov, 2006, Los Angeles

Downtown Los Angeles Office Tower Honored for Building Management Excellence

The Citigroup Center tower located at 444 South Flower Street in downtown Los Angeles has won three highly honored awards recognizing its excellence in building management, operational efficiencies and impact on community. The 48-story office building totaling 891,056 rentable square feet is owned by Beacon Capital Partners and managed by Cushman & Wakefield. Built in 1981, it is a landmark property in downtown Los Angeles easily recognizable by its exterior of blue-green reflective glass and stainless steel panels.

The Office Building of the Year (TOBY) Award
Category: over 500,000 square feet

Awarded by the Building Owners and Managers Association (BOMA) of Greater Los Angeles, this is one of the most prestigious awards in the commercial real estate industry. A panel of judges consisting of property management professionals and service providers toured and judged the nominated buildings in 20 categories including common area maintenance, security and emergency procedures, central plant maintenance, parking operations, landscaping and tenant relations programs.

As the winner of the award, Citigroup Center is qualified to enter BOMA’s regional competition for the Pacific Southwest region of the Unites States and subsequently the international competition, with awards being presented at BOMA International’s North American Commercial Real Estate Congress in July 2007 in New York.

The Pueblo Award

Presented by BOMA of Greater Los Angeles, this award recognizes the building’s owners and management for their outstanding contributions to the community.

“Citigroup Center is proud of its record of charitable involvement,” says Mark Hazan, Cushman & Wakefield’s general manager for Citigroup Center. “The building is a long-time supporter and organizer of Hope for Firefighters, an annual fund raising event benefiting the orphans and widows of the Los Angeles Fire Department.”

Other community outreach programs include blood drives and holiday toy drives as well as contributions to the YMCA, Boy Scouts of America, Junior Achievement and The Help Group among others.

Southern California Edison Energy Efficiency Excellence Award

This award recognizes exceptional practices in operational efficiency utilizing a number of energy efficient programs at the building and emergency preparedness in managing the building’s electricity usage to provide load reductions during critical peak periods and help ensure power system reliability in Southern California.

The building also earned the ENERGY STAR label from the U.S. Environmental Protection Agency recognizing it as being among the most energy efficient buildings in the country.

“We at Beacon Capital Partners are extremely proud of the 444 S. Flower management team,” said Susann Ventzke, Vice President of Asset Management for Beacon. “C&W has continually managed our assets with a very high degree of excellence which is borne out by this very prestigious recognition. We salute them.”

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Cushman & Wakefield is the world’s largest privately held real estate services firm. Founded in 1917, the firm has 195 offices in 55 countries around the globe, and 11,000 talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-213-955-5100, or visit the firm’s Web site at www.cushmanwakefield.com.

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