Corporate/Finance

  • The exterior of CBRE's office in Warsaw, Poland.
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    MOZCO Mateusz Szymanski via Getty Images
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    CBRE continues facilities management growth in Q2’ 2024

    While the office leasing market stabilizes, the company plans to continue expanding its facilities management business through mergers and acquisitions, CEO Bob Sulentic said on an earnings call.

    By • July 25, 2024
  • Johnson Controls logo above a production plant in Hanover, Germany.
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    Sean Gallup via Getty Images
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    Johnson Controls, Bosch reach agreement for light commercial, residential HVAC assets

    The proposed sale is part of Johnson Controls’ ongoing restructuring intended to simplify its portfolio to focus on providing solutions for commercial buildings and data centers.

    By • July 24, 2024
  • An interior air duct and distribution unit.
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    Coffeekai via Getty Images
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    Johnson Controls agrees to sell commercial, multifamily business amid residential HVAC downturn

    Products that are part of the deal include terminal units, dampers, filters, fans and other equipment offered under the Koch Filter, Titus, Ruskin, Krueger, PennBarry and Tuttle & Bailey brands.

    By Brian Martucci • July 17, 2024
  • The Google logo is displayed on a building.
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    Justin Sullivan via Getty Images
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    Google cuts on-site carbon emissions but struggles to contain data center electricity use

    Despite implementing demand response programs, electrification efforts and power purchase agreements, AI’s computational requirements have led to increases in the company’s emissions.

    By • July 11, 2024
  • An HVAC technician is at work, repairing a ventilation system.
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    ronstik via Getty Images
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    Orion’s Leo FM expands reach through partnership with RSM Facility Solutions

    The partnership will help property managers and facility operators optimize work order management and integrate predictive maintenance tools, Orion’s co-CEO says.

    By • July 11, 2024
  • The Mainspring Linear Generator
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    Retrieved from Mainspring Energy on July 10, 2024
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    Mainspring Energy announces first reseller partners, channel partnership executive

    Its newly formed reseller sales channel will help it to continue expanding its fuel-flexible power generator solution across the U.S., the company says. 

    By • July 10, 2024
  • An vacant office space.
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    FangXiaNuo via Getty Images
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    US office vacancy rates break 20% for first time ever

    Preliminary second quarter data from Moody’s shows the third straight record-breaking quarter beyond previous historic peaks seen between 1986 and 1991.

    By • July 9, 2024
  • A modern office with glass windows looking over a green outdoor courtyard.
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    Fahroni via Getty Images
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    Canada Infrastructure Bank invests $100M in deep energy retrofits across aging buildings

    GDI Integrated Facility Services will channel the loan toward implementing measures that are expected to cut greenhouse gas emissions in each building by at least 30% annually.

    By • July 8, 2024
  • Members of the ASHRAE Center of Excellence for Building Decarbonization.
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    Retrieved from ASHRAE on July 02, 2024
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    ASHRAE establishes Center of Excellence for Building Decarbonization

    The center will track emerging issues and trends, provide reliable technical information and coordinate joint initiatives, ASHRAE says. 

    By • July 2, 2024
  • Two engineers look at a data center server rack.
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    Simonkr via Getty Images
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    CBRE acquires Direct Line Global, bolstering data center technical services

    Direct Line Global, which provides design, installation, maintenance and management solutions and server support infrastructure, will operate as part of CBRE’s data centers solutions business. 

    By • June 21, 2024
  • Steam billows from a massive cement smokestack at a nuclear power plant at the edge of the water.
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    The image by Peretzp is licensed under CC BY-SA 3.0
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    Constellation, Vistra and PSEG could be next to ink nuclear-data center supply deals: S&P

    Higher power prices are creating opportunities for nuclear operators to serve data centers that co-locate nearby, S&P Global Ratings said.

    By Robert Walton • June 18, 2024
  • A person exits a building with a WeWork plaque on the exterior
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    Justin Sullivan / Staff via Getty Images
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    WeWork taps new CEO from Cushman & Wakefield as it exits bankruptcy

    John Santora, a more than 40-year Cushman & Wakefield veteran, has been appointed as CEO and director, effective June 12, WeWork said.

    By • June 13, 2024
  • A data center technician and IT employee working next to data center server racks.
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    Gorodenkoff via Getty Images
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    Johnson Controls launches global data center business

    The new entity will focus on leveraging Johnson Controls’ scale to provide integrated solutions to data center customers as the company sees surging revenue from this market.

    By • June 11, 2024
  • A view of windows that show renovation work in an office of a commercial building
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    FangXiaNuo via Getty Images
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    Sustainability upgrade value could offset office fit-out costs as price increases slow

    Green energy solutions and low-carbon materials could offer long-term returns on investment, according to fit-out guides by CBRE, Cushman & Wakefield and JLL.

    By • Updated June 12, 2024
  • The inside of an office is seen after the building was destroyed by a hurricane.
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    Joe Raedle via Getty Images
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    Insurance costs of US commercial buildings could jump almost 80%, on average, by 2030: Deloitte

    To combat rising costs, driven by increasing climate risks, property owners should consider prevention measures, self-insurance and relocation, a report says. 

    By • June 7, 2024
  • Dark servers data center room with computers and storage systems.
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    sdecoret via Getty Images
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    JLL taps Kristen Vosmaer for its Work Dynamics data center business

    The firm says hiring the former GLP executive will help it meet client demand as the data center industry experiences “massive, unprecedented growth.”

    By • Updated June 5, 2024
  • A Honeywell sign is displayed June 28, 2001 outside their offices in Murray Hill, NJ.
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    Spencer Platt via Getty Images
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    Honeywell acquires Carrier’s Global Access Solutions business for $4.95B

    The LenelS2, Onity and Supra brands of physical security and access control systems are among the products the acquisition adds to Honeywell's portfolio.

    By • June 4, 2024
  • A smart building moves exterior building shades to control heat and energy usage within the interior.
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    sfe-co2 via Getty Images
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    BrainBox AI snaps up automation division from Turntide

    The transaction adds more than 1,900 connected buildings to BrainBox AI's network and enhances the automated building firm's climate tech efforts, it says.

    By • May 31, 2024
  • A skyscraper on Sixth Avenue in Manhattan, which houses a Cushman & Wakefield office.
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    The image by Fletcher is licensed under CC BY-SA 3.0
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    Cushman & Wakefield taps JLL exec to lead global IFM services

    David Bukovac will now lead integrated facilities management within Cushman's global occupier services group after two stints totaling more than 15 years at JLL.

    By • May 29, 2024
  • A technician checks and measures air conditioner equipment.
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    Astockphoto via Getty Images
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    US HVAC leaders see Q1 sales growth, production hurdles

    Carrier, Lennox and Trane saw increased sales and backlogs in the first quarter, driven by commercial energy efficiency measures, growing data center demand and expanded maintenance and service pipelines.

    By • May 28, 2024
  • an interior of a data center room
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    Nikada via Getty Images
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    Modine’s data center sales jumped 69% in FY 2024 amid demand from hyperscalers

    The company’s data center sales are expected to grow by 60% to 70% in fiscal year 2025, stemming from organic growth and the positive impact of recent acquisitions, Modine CFO Mick Lucareli said.

    By • May 23, 2024
  • People walk past a Microsoft Experience Center on Fifth Avenue on April 03, 2024 in New York City.
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    Michael M. Santiago via Getty Images
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    Microsoft plows $3.3B into data center at former Foxconn site

    The software giant, which previously committed $1 billion to the project, has increased its promised expenditure amid a surge of data center activity.

    By Matthew Thibault • May 22, 2024
  • Two engineers overlook a data center and discuss its design and operations.
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    Gorodenkoff via Getty Images
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    JLL to acquire data center design, engineering services firm SKAE

    The New York-based firm will combine with JLL’s data center vertical to form a new technical services division and add technical depth to its offerings, JLL says.

    By • May 16, 2024
  • Aerial view of blue photovoltaic solar panels mounted on industrial building roof for producing clean ecological electricity.
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    Bilanol via Getty Images
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    Clean energy tax credit market poised to grow under new transferability rules

    The transferability mechanism makes it easier for clean energy project developers and owners to sell IRA tax credits for cash.

    By Brian Martucci • May 16, 2024
  • Phillips 66
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    Retrieved from Phillips 66 press release.
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    Freewire Technologies on the verge of terminating operations

    The EV charging supplier, which works with Chevron, Phillips 66 and other c-store retailers, is seeking funding amid financial challenges.

    By Brett Dworski • May 14, 2024