CB Richard Ellis Selects MACH Asset Manager for Commercial Real Estate Green Cost Savings
MACH Energy and CB Richard Ellis sign national services agreement for the MACH Asset Manager software service
San Francisco, Calif. – June 23, 2009 - MACH Energy, a leading provider of energy-related software service solutions for the commercial real estate marketplace, today announced that it has signed a national services agreement with CB Richard Ellis, Inc. The national services agreement will enable CB Richard Ellis managed properties to use the MACH Asset Manager™ software service to initiate and generate significant energy cost savings through improved efficiencies in building operations.
A real estate portfolio's electric utility expense is one of the single largest controllable operating expenses. The MACH Asset Manager combines advanced data analytics and reporting with utility usage data, transforming raw data into actionable information. The information in the MACH Asset Manager provides unique insight into how buildings use energy, enabling building staff to optimize building operations while empowering property managers and asset managers with greater business visibility into energy use in their buildings.
“The MACH Asset Manager enables commercial real estate properties to reduce operating expenses by adding insight into and control of electricity costs,” said Walt Homan, chief executive officer of MACH Energy. “Working with CB Richard Ellis highlights our shared commitment to sustainability and desire to create new value for commercial real estate clients.”
About MACH Energy
MACH Energy, a private software company formed in 2001 and headquartered in San Francisco, is a leading provider of online energy-based solutions for commercial real estate operators, managers, advisors and owners. MACH Energy software solutions are utilized by major institutional, REIT and corporate office building owners and their property managers across the country. For more information, please visit our website at www.machenergy.com.