Climate tech startup Aeroseal nets $67M

The company said the funding, led by Climate Investment and Bill Gates’ Breakthrough Energy Ventures, will be used to seal leaky air ducts in about 260,000 buildings per year by 2026.

By Nish Amarnath • July 24, 2023

Northwestern Mutual taps Gilbane, CG Schmidt for $500M office renovation

The contractors have posted bid packages to renovate the 540,000-square-foot North Office Building at the insurance giant’s Milwaukee campus.

By Matthew Thibault • July 24, 2023

3M plans South Dakota healthcare facility expansion for up to $468M

The move comes as the chemical manufacturer plans a healthcare business spinoff by the end of 2023.

By Sara Samora • July 21, 2023

New York completes state’s largest rooftop solar project atop Medline distribution center

Governor Hochul says the 7.2-megawatt community solar project is expected to power over 1,600 homes and reduce energy costs for both Medline and local residents.

By Joe Burns • July 21, 2023

HVAC manufacturer Modine adds high-efficiency heating and cooling systems to K-12 portfolio

The new product line, slated to merge into the company’s distribution network, aims to help facilities managers install cost-efficient air systems.

By Nish Amarnath • July 21, 2023

Amtrak looks to upgrade maintenance facilities in 4 major cities

The rail company has issued Requests for Qualifications for Boston, New York City, Seattle and Washington, D.C., as part of a push to modernize facilities across 20 U.S. sites.

By Joe Burns • July 20, 2023

Digital Realty picks IBM software to elevate ESG performance

IBM’s ESG suite is expected to accelerate sustainability goals through refined tracking, monitoring, analysis and reporting.

By Nish Amarnath • July 20, 2023

Feds award $2M to Penn College for workforce development

The college will match the investment, creating a $4 million budget for initiatives such as construction to add capacity for worker training programs.

By Megan Ruggles • July 19, 2023

Growing US office foot traffic drives surge in bookings through H1 ’23

Data from a hybrid workplace experience outpost points to a 20% jump in total desk bookings amid increased office traffic.

By Nish Amarnath • July 19, 2023

Johnson Controls buys FM:Systems to expand digital building capabilities

The $455 million acquisition is expected to strengthen Johnson Controls’ OpenBlue platform and ramp up its net-zero building capabilities with workplace management software.

By Joe Burns • July 18, 2023

JPMorgan transforms 27-year-old Polaris facility in Ohio into a smart building

The 2-million-square-foot building’s renovations involved installing almost 40,000 rooftop and carport solar modules, and will help achieve a 40% decarbonization target by 2030.

By Nish Amarnath • July 17, 2023

C&W Services’ Life Science SVP: Labor consistency more important than dollar increase in wages

Chisolm recently assumed a leadership role at Cushman & Wakefield Services to drive the development of the firm’s life sciences portfolio.

By Joe Burns • July 13, 2023

Fidelity Building Services snaps up ESC to meet sustainability demand

The acquisition will become part of Fidelity Energy & Sustainability, guiding its foray into the thriving New England energy market.

By Nish Amarnath • July 13, 2023

GSA selects nZero to track carbon emissions across its federal building portfolio

The company will provide real-time carbon management and accounting to help the federal government test novel and historical sustainability-focused building technologies.

By Joe Burns • July 12, 2023

Colorado Clean Energy Fund launches low-interest financing for commercial LED upgrades

The 3.45% interest rate financing, part of a partnership with the National Energy Improvement Fund, aims to entice commercial entities to upgrade their lighting systems.

By Joe Burns • July 11, 2023

Emcor bolsters energy efficiency operations with ECM acquisition

The transaction brings specialized retrofit services and $60 million in estimated 2023 revenue to the engineering and construction company.

By Joe Burns • July 7, 2023

JLL leans into collaborative owner, tenant relationships to decarbonize office portfolio

The firm’s sustainability report found that due diligence was vital to gathering usage data, driving building sustainability efforts and earning green certifications.

By Joe Burns • July 6, 2023

Insufficient staff, outdated processes expose firms to risk: survey

Only 37% of surveyed respondents believe that their organizations have sufficient staffing to properly run compliance programs and internal controls, FloQast found.

By Elizabeth Flood • June 29, 2023

Despite challenges, real estate pros are optimistic

After hitting rock bottom, industry sentiment is on the rise again despite fears of a mild recession.

By Mary Salmonsen • June 27, 2023

New York, Minnesota latest states to target noncompetes

Minnesota recently passed, and New York is close to passing, laws prohibiting employers from using agreements to prevent employees from going to a competitor.  

By Robert Freedman • June 22, 2023

GridPoint scoops $150M from Hannon Armstrong amid decarbonization roadblocks

The GridPoint-HASI agreement, which will reduce upfront costs for customers, is expected to drive deployment to more than 100,000 commercial buildings.

By Nish Amarnath • June 22, 2023

Calera closes $750M continuation fund for healthcare laundry service provider

Since the PE firm’s first investment in the company, ImageFirst has grown rapidly through acquisitions, with 25 since 2018.

By Joe Burns • June 20, 2023

Most commercial tenants plan to cut office space at lease end, report finds

With 68% of large companies looking to reduce their portfolio size, facility leaders will need to rethink lease negotiations, according to a CBRE survey.

By Joe Burns • June 9, 2023

7 trends shaping facilities management in 2023

Sustainability mandates, return-to-office and IoT growth have facilities leaders leaning on tech and outsourcing to meet budgets and streamline operations.

By Joe Burns , Shaun Lucas • June 5, 2023

Measurabl raises $93M series D funding to help consolidate real estate ESG tools

Demand for reporting and tracking platforms has jumped as companies grapple with decarbonization and sustainability standards.

By Joe Burns • June 1, 2023