Majestic Realty Co. receives Award from the United States Environmental Protection Agency
Majestic Realty Co.
by Press Release on 01-22-2010
Majestic Realty Co. was recently presented with a 2009 Environmental Justice Achievement Award for its role in the Ports of Long Beach and Los Angeles Clean Trucks Program (CTP). The US EPA presented the award to Majestic as one of the task force members in recognition of their on-going efforts to reduce port pollution by bringing cleaner trucks to port communities faster than required by law.
As a commercial real estate developer whose portfolio tenants are engaged in the global supply chain, Majestic has taken an active role in helping to find system-wide solutions that protect the environment and support the local economy at the same time. The CTP has already significantly reduced the impact of diesel truck pollution, particularly for those living near port facilities.
The CTP is one of the most aggressive air quality programs at any port complex in the world. The task force brought together diverse supply chain and community stakeholders to work together to find solutions that would accelerate the use of cleaner vehicles through various incentives and regulatory measures. The program began on October 1, 2008 with a ban on all trucks built before 1989. About 90 percent of all truck engines now meet the strict U.S. EPA 2007 emissions standards, which has resulted in a pollution reduction of nearly 80 percent since the program began in 2008.
Majestic Realty Co. is one of the nation’s largest privately-held commercial real estate developers. Headquartered in Southern California, with a real estate portfolio totaling approximately 70 million square feet of commercial properties, Majestic Realty has offices in Los Angeles, Atlanta, Bethlehem, Dallas, Denver and Las Vegas. As a portfolio builder, Majestic is a long term stakeholder is each of its geographic markets, working to help build sustainable communities.