SAN FRANCISCO, Nov. 13, 2012 /PRNewswire/ -- MACH Energy, the leading provider of energy management software service solutions for the commercial real estate marketplace, today announced that it has signed a national services agreement with Cassidy Turley, a leading commercial real estate services provider in the U.S. The national services agreement allows Cassidy Turley to offer properties in its 455-million-square-foot property management portfolio the MACH Asset.Manager software service to initiate and generate significant energy cost savings through improved efficiencies in building operations.
According to various industry sources, a real estate portfolio's electric utility expense is one of its largest controllable operating expenses. The MACH Asset.Manager service uses advanced data analytics to transform raw, real-time energy usage data into actionable information.
MACH's energy management software provides an up-to-the-minute and accurate picture of how buildings use energy. This allows building staff to optimize building operations to save energy and money and empowers property managers and asset managers with greater business visibility into energy use in their buildings.
"The MACH Asset.Manager helps companies take a real step toward sustainability. It enables commercial real estate properties to reduce operating expenses by providing insight into and taking control of electricity costs," said Walt Homan, chief executive officer of MACH Energy. "Working with Cassidy Turley highlights our shared commitment to energy efficiency and sustainability and our combined desire to create new value for commercial real estate clients."
"Cassidy Turley is known for providing differentiated client services and our focus on sustainability and improving asset value for our clients makes partnering with a leader like MACH Energy a natural fit," said Marla Maloney, Executive Managing Director and Principal of Cassidy Turley. "We are currently using MACH Energy at a number of managed-client assets so we have seen first hand how it can drive energy savings and increase asset value, so formalizing and expanding our relationship with MACH Energy will allow us to provide this service to more of our 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 over 50 major institutional, REIT and corporate office building owners and their property managers in several hundred million square feet of properties across the country. Please visit our website at www.machenergy.com for more information about MACH Energy.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 60 offices nationwide. The company represents a wide range of clients-from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services-including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com to learn more about Cassidy Turley.
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SOURCE MACH Energy