Corporate/Finance: Page 5
-
Pgiam via Getty Images
58% of top office leases were renewals in 2023: CBRE
The firm says the majority of these renewals came in the Mid-Atlantic region, attributing these commitments to lower office utilization-driven resizing.
By Joe Burns • Feb. 9, 2024 -
Permission granted by Tim Farquer
How can schools tap tax reimbursements for clean energy projects?
The Inflation Reduction Act’s “direct pay” provision allows tax-exempt entities like schools to receive federal tax-free cash payment for qualifying projects.
By Kara Arundel • Feb. 9, 2024 -
Noah Berger / Stringer via Getty Images
AWS expands data center footprint to absorb growing customer demand for AI
The hyperscaler is extending the life of its cloud servers to offset a planned increase in data center capital investments.
By Matt Ashare • Feb. 8, 2024 -
Riccardo Savi via Getty Images
Trane Technologies piles up $6.9 billion backlog
The company’s CEO said a strong pipeline of commercial HVAC projects has led the business to play a larger role in its overarching financials.
By Joe Burns • Feb. 5, 2024 -
Courtesy of CBRE
CBRE to buy facilities services firm for up to $1.05B
J&J Worldwide is projected to generate more than $525 million in revenue this year. The deal will help CBRE expand its government client base, the real estate services firm’s CEO says.
By Nish Amarnath • Feb. 5, 2024 -
Spencer Platt via Getty Images
Honeywell Building Technologies expands margin growth despite cost inflation
The segment’s overall sales were down 1% year over year despite a 6% growth in building solutions during that time, the company reported.
By Joe Burns • Feb. 2, 2024 -
Oselote via Getty Images
Modine data center sales surge 34% in Q3
The company also saw a slight growth in performance technologies and a slight decline in climate solutions, with the latter attributed to lower heat transfer product sales.
By Nish Amarnath • Feb. 1, 2024 -
Permission granted by Maintenance Cooperation Trust Fund
Cheesecake Factory, contractors agree to $1M settlement for underpaying 589 janitorial workers
The resolution includes $750,000 from the restaurant chain and $250,000 from the janitorial contractors accused of wage theft, the California Labor Commissioner’s Office says.
By Nish Amarnath • Jan. 30, 2024 -
Frazao Studio Latino via Getty Images
Deep DiveHow facilities managers will navigate the return-to-office landscape in 2024
While hard data on occupancy can inform office right-sizing, soft data like employee preferences are becoming key to improving workplace occupancy and tenant satisfaction.
By Joe Burns • Jan. 29, 2024 -
Spencer Platt via Getty Images
CBRE takes over property management of Brookfield Properties’ US offices
The agreement will leverage CBRE’s growing list of operational technology capabilities, as the firm launches a new investor portfolio management service.
By Joe Burns • Jan. 22, 2024 -
Azman L via Getty Images
Eptura leans into accessibility to stand out in crowded workplace management market
As tenants and operators scout for office utilization data, ESG initiatives are increasingly factoring into technology and real estate decisions.
By Joe Burns • Jan. 17, 2024 -
StellaMc via Getty Images
Idaho governor proposes $2B to revitalize aging school infrastructure
Gov. Brad Little’s plan allocates $200 million per year to provide relief to districts struggling with maintenance, expansion and building security, a state representative says.
By Nish Amarnath • Jan. 16, 2024 -
Retrieved from Montana Technologies on January 10, 2024
Carrier will commercialize ‘transformational’ AirJoule HVAC system from Montana Technologies
The agreement will potentially give Carrier exclusive rights to commercialize the technology across HVAC systems in the Americas for three years.
By Nish Amarnath • Jan. 10, 2024 -
Peucata via Getty Images
$32M in school infrastructure grants awarded by US Education Department
Education departments in seven states and one U.S. territory received the grants. Inflation Reduction Act tax credits can also offset infrastructure upgrades, the Treasury Department notes.
By Joe Burns • Jan. 8, 2024 -
Nikada via Getty Images
Modine expects liquid cooling IP purchase to drive data center market growth
The firm said the acquisition positions it to capture a share in the rapidly evolving data center liquid cooling market.
By Joe Burns • Jan. 4, 2024 -
JMSilva via Getty Images
JLL plans more cuts to Chicago-area office footprint
The firm put more than 20% of its space in a Chicago suburb up for sublease and plans to cut almost 30% of its space at its downtown headquarters.
By Joe Burns • Jan. 3, 2024 -
Azman Jaka via Getty Images
80% of businesses plan to track office attendance this year, survey finds
Wi-Fi, occupancy sensors, under-desk sensors and badge swipes are among the strategies employers plan to use for tracking attendance.
By Emilie Shumway • Jan. 3, 2024 -
Hispanolistic via Getty Images
Trends that will define facilities management in 2024: 12 predictions
Net-zero goals, AI-driven automation, predictive maintenance and office right-sizing are some of what industry participants expect in the new year.
By the Facilities Dive Team • Jan. 2, 2024 -
Johnson Controls’ HVAC and controls segment drives North America sales
The firm said its building solutions business increased orders 6% since the first fiscal quarter of 2023, with its backlog growing 11% year over year to $8.4 billion.
By Joe Burns • Jan. 1, 2024 -
Cole Rosengren/Facilities Dive
Los Angeles commercial waste system at a crossroads amid contract renegotiation
The recycLA program has seen positive results, but haulers are lagging on diversion targets and organics service. The city, while trying to amend the program, could issue a new RFP or even take over service itself.
By Cole Rosengren • Dec. 22, 2023 -
Chip Somodevilla via Getty Images
Office on-site mandates and occupancy rise, but office space challenges persist
As hybrid work becomes the norm, tech-enabled workspaces and enhanced amenities help offices complete with the benefits of working from home.
By Nish Amarnath • Dec. 21, 2023 -
Vladdeep via Getty Images
MarginPoint’s new CMMS platform highlights demand for maintenance tech
As operators shift to proactive maintenance models, tech firms continue to develop and launch asset health and management solutions.
By Joe Burns • Dec. 20, 2023 -
ST-art via Getty Images
US regulators flag commercial real estate as a leading risk in 2024
“Signs of stress emerged in 2023, and the market outlook is challenging” for commercial real estate, according to the Financial Stability Oversight Council.
By Jim Tyson • Dec. 20, 2023 -
Silverman Media Services via Getty Images
$530M in building code technical assistance grants available from DOE
The grants will support a wide range of energy code and building performance standards activities, including workforce development, by state, local and tribal governments.
By Joe Burns • Dec. 19, 2023 -
Sean Gallup via Getty Images
Johnson Controls reports strong commercial service growth in Q4, FY 2023
Despite a cyberattack in September that delayed its release of Q4 results, the company said it continues to grow its backlog and service orders.
By Joe Burns • Dec. 13, 2023
Previous
