The Latest
-
Schneider Electric replaces CEO Peter Herweck amid strategic ‘execution’ issues
The board’s decision to tap company veteran Olivier Blum as Herweck’s successor follows “divergences” in executing Schneider’s roadmap at a time of significant opportunity, the company said.
-
JLL workplace management and leasing revenue drive Q3 growth
The company is working to consolidate its building operations groups, effective Jan. 1, 2025, amid growth in office leasing activity and new workplace management client wins.
-
Schneider Electric investigating cyber intrusion after threat actor gains access to platform
Threat actors claim to have 75,000 unique name and email addresses from the incident, which marks Schneider Electric’s third cyber breach in less than two years.
-
Cushman & Wakefield’s leasing fee revenue surged 16% YoY across the Americas
Fee revenue for its Americas services segment — formerly property, facilities and project management — remained flat year over year in the third quarter. Reaccelerating revenue and profitability for this segment will be a key priority, CEO Michelle MacKay said.
-
Higher ed campuses update health, wellness, accessibility amenities
Many colleges and universities are investing in facilities that promote overall well-being, including new fitness centers, mental health spaces and student support areas.
-
Deep Dive
Election 2024: Harris, Trump present ‘diametrically opposed’ views on ESG
A Harris administration would support proposed SEC climate disclosure rules for corporations, while “Trump would roll back the rules,” according to Morningstar Indexes’ head of ESG strategy.
-
Modine’s data center sales soared 102% year over year in fiscal 2025 Q2
The company is focused on meeting demand for high-performance chillers from colocation and hyperscale customers, CEO Neil Brinker said.
-
EPA updates IAQ guidance with multi-layered ventilation, filtration strategy
Filtration improvements, HVAC upgrades and air cleaning technologies are some of the steps operators can take to prevent the spread of respiratory viruses, the U.S. Environmental Protection Agency says.
-
Hotel labor disputes resolve in Boston, San Jose
Union workers in the two cities reached agreements with hotel employers to raise wages, but striking workers in San Francisco were arrested at a protest.
-
How the U.S. presidential candidates’ climate policy differences could impact building operators: report
Clean energy programs will likely expand under a Harris presidency, while a Trump win could mean deregulation, according to Climate X. Operators can future-proof their assets regardless of who wins, its CEO said.
-
SAP integrates Limble’s maintenance management system into its S/4HANA enterprise resource planning software
The integration gives S/4HANA users access to up-to-date spare parts inventory, vendors and purchase orders without manual data transfers, Limble says.
-
ENGIE strikes deal with Meta to supply 260 MW of solar
The project will supply power to a Meta data center in Temple, Texas. The power purchase agreement adds to "more than 12 GW of renewable energy procurement already announced by Meta," ENGIE said.
-
Schneider Electric’s North America growth drives Q3 revenue, led by energy management
The company’s North America revenue organically grew 15.1% year over year, to about $3.8 billion, on the back of organic 18.3% year-over-year growth in energy management, it says.
-
Trane’s backlog up 2.5x from historical levels in Q3, with 90% from commercial HVAC
The company’s commercial HVAC revenue grew nearly 20% year over year in the third quarter, led by strength in applied solutions and services.
-
Deep Dive
Beyond school colors: How college-town hotel amenities draw guests
As guest preferences change and higher education edges into an uncertain future, campus-adjacent hotels are getting creative to attract students, families and fans.
-
Air quality, energy efficiency can coexist, but require intentional decision-making
To reap the benefits of IAQ and energy efficiency measures, operators must focus on design, planning and verification of building systems, experts say.
-
Corix district energy system launches in Bellingham, Washington, waterfront neighborhood
The system, which captures waste heat for districtwide heating and cooling, is expected to help the district meet Washington state energy code requirements, the Port of Bellingham says.
-
Capital One arena owner partners with DC for $800M upgrade
Renovation efforts will include wider concourses, more elevators, a 65% expansion in concession space and a 30% increase in restrooms, Monumental Sports & Entertainment says.
-
JLL launches Falcon platform to advance AI use in commercial real estate
The platform will deliver the benefits of AI to JLL’s team members and clients, while providing the foundation needed to advance the company’s AI capabilities, Chief Technology Officer Yao Morin said.
-
Grid-interactive efficient building systems need robust cybersecurity measures, DOE says
Federal facilities managers must assess the potential risks of GEB systems and understand how they can affect the physical and data security of overarching systems where they are deployed, the U.S. Department of Energy says.
-
7-Eleven to open over 600 stores under new design by 2027
The convenience retailer’s newest format, New Standard stores, will feature amenities such as in-store seating and electric vehicle charging stations, CEO Joseph DePinto said Thursday.
-
FAA awards nearly $1B for modernization efforts in 100+ airports
The funding aims to modernize aging terminals and ground transportation as U.S. airports face an estimated $151 billion in infrastructure needs through 2027.
-
DOE school program helps districts decarbonize, identify best practices
Benchmarking and retrofit implementation are among the categories in which school districts can apply for recognition as part of the Efficient and Healthy Schools program, the Energy Department says.
-
Hospitality industry reacts to hotel staffing requirements passed by New York City Council
A main concern for opponents of the Safe Hotels Act is its requirement that New York City hotels with over 100 rooms directly employ housekeeping and front desk staff, rather than using subcontractors.
-
Honeywell building automation offsets industrial automation decline in Q3
Honeywell’s backlog jumped 10% year over year, to $34 billion in the third quarter, led by its building automation segment and energy and sustainability solutions business, CFO Greg Lewis said.