Corporate/Finance
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Newmark to combine property, facilities management
The move is seen as a way to boost recurring revenue by making it easier to expand what the company offers building owners and to cross sell them services.
By Robert Freedman • April 15, 2025 -
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Office demand remains resilient in Q1, despite economic uncertainty
Sublease availability and new construction deliveries continue to decline, creating the conditions for “cautious optimism” in the sector, Cushman & Wakefield says.
By Joe Burns • April 15, 2025 -
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Organizations prioritize sustainability, but they’re slowed by manual data processes
A slowdown in federal sustainability mandates is pushing building operators to focus on reduction initiatives, Atrius says.
By Joe Burns • April 14, 2025 -
"City Hall" [Photograph]. Retrieved from City of Brockton, Massachusetts.
Brockton, Mass., leverages energy savings contract to preserve, improve two historic buildings
New window, lighting and HVAC systems aim to reduce energy and improve air quality, including in one building that has been unusable in extreme weather.
By Joe Burns • April 11, 2025 -
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Sodexo sees wins, and delays, in healthcare sector in H1 FY25
As part of a new contract with AtlantiCare, Sodexo will use a centralized system to provide on-demand, hotel-style patient meal ordering, the company said.
By Joe Burns • April 10, 2025 -
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Amid tariff war, Mexican factories work in HVAC makers’ favor, analyst says
The USMCA agreement protects almost half of the commercial products of the biggest HVAC manufacturers from tariffs, which could help keep prices down, a Morningstar analyst says.
By Robert Freedman • April 9, 2025 -
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Facility managers appreciate flexibility in work, despite long hours
While budgets have increased, many facility teams struggle to juggle the rising costs of repairs. Despite this, many feel satisfied with their role and would recommend the career, a survey says.
By Joe Burns • April 4, 2025 -
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Fit outs set to increase as new construction slows
Companies interested in leasing high-quality offices will need to consider fit outs, despite rising commodity and labor costs expected across the U.S.
By Joe Burns • April 2, 2025 -
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VendorPM adds contracts to vendor management platform
With the new module, contracts, compliance and other functions are managed in a single workflow, improving visibility and reducing risk, the company says.
By Joe Burns • March 13, 2025 -
CBRE draws on company veterans to lead Americas property management business
The appointments will help lead the part of the Building Operations & Experience segment the property management giant created in January.
By Joe Burns • March 7, 2025 -
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Ameresco buffs up smart building solutions with ASA Controls acquisition
The company says it’s prepared to meet increased market demand despite a pullback in its federal government business.
By Joe Burns • March 4, 2025 -
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JLL launches consumer goods, services division in push to improve real estate experience
The firm says the move reflects a growing focus on experiences by consumers and efforts by organizations to ensure “they are getting the most out of their real estate.”
By Joe Burns • Feb. 26, 2025 -
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Schneider Electric books strong 2024 revenue, earnings growth amid data center boom
DeepSeek’s more computing-efficient AI models have not affected hyperscalers’ expansion plans, but U.S. trade policy bears watching, company executives say.
By Brian Martucci • Feb. 24, 2025 -
Cushman & Wakefield sees strong leasing revenue growth in Q4
Growth in leasing, led by return-to-office actions, and other segments helped to offset a decline in services revenue, the firm said.
By Joe Burns • Feb. 20, 2025 -
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JLL benefits from increased Q4 leasing volume
The company’s North America office leasing volumes were up 16% year over year during the quarter, due to higher office attendance and improved clarity on future space needs, JLL says.
By Joe Burns • Feb. 19, 2025 -
CBRE facilities management revenue surges over 16% in Q4 2024
The company expects further improvements in the segment as it restructures its business lines to improve synergy across its building management verticals, CEO Bob Sulentic says.
By Joe Burns • Feb. 13, 2025 -
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Carrier unveils data center strategy, growth in Q4 HVAC sales
HVAC in the Americas supplied about 40% of the company’s orders. Carrier plans to expand output to meet rising demand, CEO David Gitlin said.
By Joe Burns • Feb. 12, 2025 -
Ameresco secures $140M energy savings project at the Denver Federal Center
The project is funded via the Inflation Reduction Act, however, which the Trump administration is working to rescind.
By Benton Graham • Feb. 11, 2025 -
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With new team, ISS aims to make big push into US FM market
One of Denmark’s largest companies is leveraging a reorganization and a slate of industry veterans to reintroduce its bundled services to U.S. facilities managers.
By Robert Freedman • Feb. 10, 2025 -
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Colliers sees 61% jump in Q4 2024 engineering revenues
The company says it is seeing a cyclical recovery in its real estate services segment. Long-term tailwinds in infrastructure spending will make the “noise” around U.S. government spending immaterial, it adds.
By Joe Burns • Feb. 10, 2025 -
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Data centers drive Modine’s Q3 growth; CEO sees no DeepSeek ‘slowdown’
The company’s Scott Springfield Manufacturing acquisition and robust cooling distribution unit demand offset tariff and foreign-exchange risks, executives said Wednesday.
By Brian Martucci • Feb. 7, 2025 -
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Johnson Controls’ North American orders grew 18% in first quarter
Demand across data centers, healthcare, and industrial and manufacturing helped the company’s backlog reach $13.2 billion.
By Joe Burns • Feb. 6, 2025 -
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Trump delays tariffs on Canada, Mexico; China strikes back at US
The president reached agreements to delay tariffs on both of the nation’s neighbors in exchange for increased border security, while China added its own tariffs on U.S. fossil fuels and other products.
By Philip Neuffer • Updated Feb. 4, 2025 -
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Trane Technologies saw growth across most commercial HVAC verticals in 2024
Commercial HVAC and applied systems drove a double-digit increase in the company’s revenue last year.
By Joe Burns • Jan. 31, 2025 -
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Trump funding freeze leaves IIJA, IRA projects in limbo
New executive orders could halt promised funding and stop infrastructure and environmental projects that are already underway, legal experts say.
By Julie Strupp • Jan. 29, 2025
