The Latest
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JLL to acquire lease management, data analytics tech brokerage Raise
The acquisition will help JLL build out its digital leasing platform to provide data-driven decision-making to clients, the real estate services firm says.
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Sustainability spending tops US corporate agenda amid decarbonization hurdles: Carrier
Corporate focus on sustainability has increased despite economic headwinds and legislative uncertainty. Yet, many organizations face roadblocks from financial access to workforce shortages, experts say.
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Facilities management conferences to note in 2025
Sustainability, technology and talent are among the issues the events will address.
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Renewals boost H1 2024 office leasing activity to pre-pandemic levels
Large occupiers have had more success negotiating renewals as landlords seek to avoid vacancies. The tech, finance and legal sectors are driving an uptick in prime office leasing, CBRE says.
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Neighborhood-scale building decarbonization pilot programs can start in California
The legislation, approved by the governor, allows natural gas utilities to pilot up to 30 projects statewide, instead of replacing old gas pipelines, so long as the projects are less expensive.
Updated Oct. 1, 2024 -
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Commercial real estate recovery expected in 2025, prompting tech, sustainability investments
A majority of major real estate owner and investor organizations are more likely to channel their spending toward data and technology in 2025, but they must be deliberate about deployment, per a Deloitte report.
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OMB sets federal office space utilization standards, minimum occupancy threshold
Federal agencies must allocate 150 usable square feet per person in newly acquired office spaces and target an average annual occupancy rate of at least 60% in offices over 50,000 usable square feet.
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New York City bill would mandate solar panels on public buildings
The legislation, approved by the City Council, would require 100 megawatts of solar photovoltaic systems to be installed on the roofs of city-owned buildings by the end of 2025, with a broader goal of 150 MW by 2030.
Updated Sept. 30, 2024 -
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Sodexo mulls acquisition of food service competitor Aramark
The potential deal, which has reportedly been brewing for months, could provide Sodexo with a strong growth engine but would require significant funding and could face antitrust scrutiny, Bloomberg reported.
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Permission granted by Siemens
Siemens’ free web tool aims to simplify decarbonization for commercial, industrial businesses
The Decarbonization Business Optimizer provides baseline carbon assessments supported by datasets from federal agencies such as DOE and the EPA, Siemens Financial Services says.
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Fed rate cut will trigger slow rise in real estate investment ‘tide,’ CBRE chief economist says
Looking ahead, CBRE expects the economy will avert a recession and that its “soft landing” will boost tenants’ confidence and support demand for space across property types.
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Energy efficiency tax credits could support commercial real estate sector, advocates say
The measure is one of five policy recommendations for the next president and Congress to address the sector’s economic challenges while also advancing decarbonization.
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Life sciences market steeped in gloom, with clearer skies expected
Despite a nearly 9% year-over-year decline in rents and the national lab availability rate reaching 30%, JLL forecasts the start of a recovery toward supply and demand equilibrium next year.
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Schneider Electric’s building decarbonization tool aims to ease regulatory compliance
The new calculator allows building owners and operators to simulate energy-saving retrofits and evaluate their impact on emissions to aid compliance with laws such as New York City’s Local Law 97, the company says.
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Smart building tech provides key to meeting targets, but integration woes persist: Johnson Controls
Nearly three-fourths of retail and commercial real estate sustainability leaders surveyed by Forrester Consulting say their organizations lack the expertise to leverage building system insights.
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How a 2nd Trump administration could ‘jeopardize’ Inflation Reduction Act climate funds
If elected, could Donald Trump claw back or withhold money that may be used for clean energy projects? Experts from Columbia University’s Sabin Center for Climate Change Law offer insight.
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Courtesy of Port Authority of New York and New Jersey
JFK International Airport’s New Terminal One to host largest airport microgrid in US
The 12-megawatt microgrid comprises solar, fuel cells and battery energy storage that can power half of the terminal’s daily operations, airport and project officials said.
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Facilities management software can help balance growing repairs, shrinking budgets: JLL
Amid a mass retirement of older workers and an “ongoing war for talent,” nearly 40% of experts surveyed by JLL expect to increase their investment in facilities management software this year.
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Courtesy of Alquist 3D
Walmart uses 3D printing for large-scale store expansion
The retail giant deployed Alquist 3D's technology to expand its online pickup and delivery space by nearly 8,000 square feet at its store in Athens, Tennessee.
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Four lessons from the CrowdStrike incident for facilities management
Redundant systems and robust contingency planning helped mitigate the outage’s operational impacts, Cushman & Wakefield and Facilitron executives said.
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Retrieved from Johnson Controls on September 23, 2024
Johnson Controls releases updates to Metasys building automation system
The next-generation analytics tools, increased security features and simplified administration can move facilities closer to autonomous building operations, the company says.
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Cybersecurity firm flags attack on construction accounting system
Plumbing, HVAC and similar subcontractors using default credentials faced active intrusions due to an emerging threat targeting Foundation Software users, according to cybersecurity firm Huntress.
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Permission granted by VergeSense
VergeSense unifies building system, occupancy data for smarter space planning
Facilities staff can draw on insights from WiFi data to deactivate specific spaces on days of low usage, cutting energy consumption and operational costs, the company’s CEO said.
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Retrieved from U.S Environmental Protection Agency on September 20, 2024
EPA launches Spanish version of online energy benchmarking tool
Spanish-speaking building owners, facility managers and tenants can create a free and secure Portfolio Manager account in that language to track emissions and energy use, the agency says.
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BlackRock, Microsoft, partners aim to mobilize $100B for AI data centers, energy infrastructure
The funding necessary to build out the data centers, AI factories and energy needed to power them “goes beyond what any single company or government can finance,” Microsoft President Brad Smith said.
