Shangri-La Industries, LLC Launches Sustainable Real Estate and Construction Unit; Announces Completion of First LEED Platinum-Rated Aviation Hangar

LOS ANGELES, Dec. 9 /PRNewswire/ — Shangri-La Industries introduced its
newly formed business unit, Shangri-La Construction, at today’s unveiling of
their inaugural project: the world’s first aviation hangar to achieve Platinum
certification under the U.S. Green Building Council’s LEED(R) (Leadership in
Energy and Environmental Design) Rating System(TM). Hangar 25, located at the
Bob Hope Airport in Burbank, California, showcases Shangri-La’s commitment to
competitive capital investment and long-term operational savings achieved
through sustainable, aesthetic design and energy efficiency.

Shangri-La Industries is a diversified firm integrating
environmentally-conscious development, sustainable construction and innovative
green technology to create the next generation of business solutions. Steve
Bing, a longtime businessman and environmental advocate, is the founder of
Shangri-La Industries. As a property owner, Mr. Bing recognized that reducing
energy consumption would not only yield environmental benefits, but also
generate significant cost savings. Mr. Bing’s role as the major donor behind
the Natural Resources Defense Council’s LEED Platinum-certified building in
Santa Monica, CA and his crucial involvement in the Make It Right Foundation,
Brad Pitt’s green housing project in New Orleans’s Lower Ninth Ward,
demonstrate Mr. Bing’s dedication to sustainable development. Mr. Bing shares
this philosophy with Senior Advisor John Picard, one of the world’s preeminent
experts on sustainable construction and founding member of the U.S. Green
Building Council. Mr. Picard ensures that Shangri-La clients maintain cutting
edge green practices and environmental strategies in pursuit of energy and
cost reduction.

Beyond aviation, Shangri-La is working with clients to retrofit commercial
office space with energy- and cost-efficient upgrades. Most notably, an
exciting relationship has been forged with Thompson National Properties to
create sustainable developments in the government, university, hospitality,
and low-income housing sectors through the jointly created $100 million
TNP/SLI Green Building Fund.

“Our company focuses on corporate and institutional clients who want to
lower their carbon impact, fight rising energy costs and stabilize economic
uncertainties through cost-effective sustainable development,” said Andy
Meyers, President, Shangri-La Construction. “Hangar 25 represents the future
of the commercial building industry as it demonstrates the financial viability
of environmentally friendly construction. We prove that businesses can go
green without sacrificing their balance sheets or high design standards.”

Research has shown that buildings are crucial in the worldwide effort to
shrink emissions and energy usage. A 2007 study conducted by the United
Nations found that energy-efficient architecture can do more to fight global
warming than all greenhouse gas caps under the U.N.’s Kyoto Protocol.
According to the USGBC, the new wave of green buildings can reduce energy
usage by 25-50% and carbon emissions by 33-39%. With these facts in mind,
Shangri-La Industries has crafted a unique offering to reflect the rigorous
demands of our modern economy and environment.

“The ability to build and deliver a LEED Platinum certified aviation
hangar, an industry first, without a significant cost increase over a
traditionally built hangar is a result of the Shangri-La team’s highly focused
proprietary approach,” commented Mr. Picard, founder of John Picard &
Associates, LLC. “This project is proof that the bottom line in green
construction is black. Companies can reduce their carbon footprint while
maximizing short-term and long-term cost savings.”

Avjet Corporation, the operating partner of Hangar 25 and a full-service
global aviation company, is pleased to be working with the Shangri-La team on
this ground-breaking endeavor. “Given the volatility of fuel prices, the
aviation industry must develop and implement practical solutions,” said Marc
Foulkrod, CEO, Avjet Corporation. “Hangar 25 tackles the major cost and carbon
challenges related to the aviation industry’s ground operations, from reducing
jet fuel to diminishing operational electricity usage. This improves
efficiency and addresses the environmental demands of our customers.”

Hangar 25’s key sustainable design features include:

— Solar array that produces 110% of the building’s operational
electricity needs

— Electric tow and other vehicles powered by the solar array instead of
diesel

— Daylight harvesting through strategic design including a
diamond-polished concrete floor that reflects light

— Diamond-polished concrete floor does not use toxic sealants that
require regular reapplication and maintenance

— A water-based hi-fog fire suppression system that eliminates toxic and
ozone depleting chemicals that require storage infrastructure, regular
replacement, and, if deployed, damage aircraft and require haz-mat cleanup

— “Big Ass Fans” and evaporative coolers employed to eliminate need for
refrigerant-based cooling that increases thermal comfort by 10 – 20 degrees

— Plumbing that reduces water use by 60% through low flush, low flow and
waterless fixtures to reduce the burden on city water supply and wastewater
systems

— Sustainable landscaping including the use of drought-tolerant native
plants and a no-mow, no-water Synlawn.

About Shangri-La Construction

Shangri-La Construction’s goal is to create the most efficient,
environmentally conscious structures possible and to open the door for
sustainable development in the commercial world while maintaining fiscal
responsibility. Shangri-La Construction is a sustainable design, construction
management and general contracting services company that provides the
construction expertise to execute green buildings and retrofits with
competitive short- and long-term savings. For more information, please visit
http://www.discovershangrila.com .

About John Picard

John Picard is one of the preeminent environmental and sustainable
development consultants in North America. Since his start as a residential
builder in the 1980’s, John has pioneered a philosophy of natural systems and
sustainable design in his work as a green building engineer, corporate
strategist, and executive advisor. John is a founding member of the U.S.
Green Building Council, a long-standing member of the Interface’s Dream Team,
and an environmental advisor to EarthPark, Eco-Town and a number of
corporations around the world.

About Avjet

Avjet Corporation is a full-service, global aviation company, providing
clients with the entire range of aircraft sales, acquisitions, charter and
management services, including oversight of completions and refurbishments.
Clients of Avjet maximize the many benefits of private aviation while reducing
the total cost of operation, experiencing the industry’s highest level of
professionalism, safety and comfort. To learn more about the company, visit
http://www.Avjet.com.

[Via http://www.prnewswire.com]

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