SOURCE: Paramount Contractors and Developers

April 17, 2009 12:58 ET

Hollywood Goes Green: Paramount Contractors and Developers Granted U.S. Environmental Protection Agency Energy Star Certification

Comprehensive Green Building Practices Deliver High Occupancy in Current Real Estate Market

HOLLYWOOD, CA--(Marketwire - April 17, 2009) - Ewire -- Paramount Contractors and Developers (www.hollywoodoffices.com) have announced that the U.S. Environmental Protection Agency has just granted both of its Hollywood properties with Energy Star certification for its implementation of strict energy performance standards. The company credits the environmental "green" technology it has been at the forefront of adopting in the Hollywood area as a major factor in tenant demand, despite the current real estate market.

Paramount was the first developer in Hollywood to incorporate solar panels and electric vehicle charging stations. Both buildings also feature a revolutionary new HVAC system that has automated heating, cooling, lighting and other features that drastically reduce the energy used, while at the same time providing increased tenant comfort. Additionally, Paramount has created a vibrant public art project featuring a radiant nightly light show made of LED lights.

Currently Paramount is exploring a partnership with 3M to experiment with a new technology window film that provides greater visibility, while helping to insulate the building and cut down on overall heating and air conditioning costs. Another future eco-initiative planned includes upgrades to each building's internal lighting to conserve more energy. All of these new projects, combined with the extensive retrofitting already completed, have allowed Paramount to apply for the revered LEED certifications. "In the past decade we have been early adopters and investors in green technology to improve building efficiency, while reducing our environmental impact," says Brian Folb, Paramount Contractors and Developers. "Since my father started this business more than 50 years ago, we have always been committed to our community and our tenants. These changes are a strong selling point for our clients who are eco-conscious and concerned about their environmental footprints."

Paramount Contractors and Developers is a leading property management and real estate developer based in Hollywood, California. The company manages prime office and retail space at 6464 and 6565 Sunset Boulevard. Paramount provides exceptional customer service, competitive pricing and offers an architectural design team that is equipped to customize any office environment. The company prides itself in being a leading adopter of green technologies and building practices. www.hollywoodoffices.com.

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