Corporate/Finance: Page 11

  • A young lawyer works on a laptop in their home office
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    North American workers go into the office less often than others worldwide

    Even in companies with hybrid working policies, employers are seeing fewer employees in the office weekly.

    By Carolyn Crist • Aug. 22, 2023
  • A young boy looks at a laptop in a computer classroom.
    Image attribution tooltip
    Anna Moneymaker via Getty Images
    Image attribution tooltip

    Modine targets Midwest school facilities managers with TMS Johnson deal

    The HVAC manufacturers’ partnership is expected to strengthen Modine’s Airedale indoor air quality solutions for K-12 schools amid code updates and federal funding programs. 

    By • Aug. 18, 2023
  • A general view of the first Daybase hybrid work location in Westchester in Harrison, New York.
    Image attribution tooltip
    Eugene Gologursky via Getty Images
    Image attribution tooltip

    Return-to-office gains momentum, with U.S. desk reservations up 71%: Eptura

    Facilities managers face pressures to accommodate unpredictable workspace demand and varying occupancy rates for hybrid work amid data scarcity.

    By • Aug. 17, 2023
  • A pedestrian walks by a LinkedIn sign on an office building.
    Image attribution tooltip
    Justin Sullivan / Staff via Getty Images
    Image attribution tooltip

    LinkedIn launches AI tools to identify, connect to job candidates

    When an open position needs to be filled, these tools can be used to craft personalized messages to the most responsive job candidates.

    By Carolyn Crist • Aug. 16, 2023
  • A doctor walks a patient to their room.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip
    Deep Dive

    Healthcare facilities teams grapple with capital constraints, decarbonization challenges

    Mounting pressures to slash emissions are throwing a wrench into efforts to secure funding for enhanced patient experience and care outcomes amid rising costs.

    By • Aug. 14, 2023
  • A close-up shot of water running from a kitchen faucet.
    Image attribution tooltip
    Sara Samora/Facilities Dive
    Image attribution tooltip

    Wint clinches $35M to meet water tracking, leak detection demand

    Climate change and damage costs have led to a strong demand for water management solutions across the real estate, construction and insurance industries. 

    By • Aug. 11, 2023
  • Pairs of colleagues engaged in discussion.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Nuveen joins rush to use tenant experience data for building operations insight

    Cove’s agreement with Nuveen follows a partnership with Cushman & Wakefield, and comes amid an industry scramble for information that could drive operational efficiencies and return-to-office strategies.

    By • Aug. 11, 2023
  • A rendered picture of a modern, chic office lounge. It's an open concept lounge with a nice white table in the center, and a little bar to the left of the photo. Natural light fills the room.
    Image attribution tooltip
    Courtesy of Swinerton
    Image attribution tooltip

    Insufficient data impacts return-to-office strategies, Envoy finds

    Eighty percent of business leaders and building managers surveyed said they would have approached their policies differently if they had better insight into office usage.

    By • Aug. 10, 2023
  • Effective HVAC and controls functionality pushed organic sales up 10% within Johnson Controls' North America building solutions division.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Johnson Controls posts strong Q3 results driven by robust demand, backlog

    The company clocked a 10% rise in organic sales within its North America building solutions segment, buoyed by the strength of its HVAC and controls business.

    By • Aug. 8, 2023
  • Office for Lease facade
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    CBRE earnings boosted by facility outsourcing, technical services demand

    The firm’s expansion of technical labor across the U.S. has driven the growth of its facility services and project management segment.

    By • Aug. 7, 2023
  • A building with trees.
    Image attribution tooltip
    Courtesy of JLL
    Image attribution tooltip

    JLL property management, high-quality building services soften leasing woes

    Boosted by above-average occupancy rates in sustainable and Class-A buildings, the firm cited a positive outlook despite missing earnings expectations.  

    By • Aug. 4, 2023
  • A new elementary school under construction in a suburban neighborhood.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Schools forced to delay or revise facility projects amid soaring market costs

    Labor shortages and supply chain woes throw a wrench in school projects as market forces balloon total project costs beyond what was initially budgeted.

    By Naaz Modan • Aug. 3, 2023
  • Leasing revenue declines are attributed to lower office activity, which has dampened demand for commercial space amid demolitions and conversions of old buildings.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Cushman & Wakefield sees 20% leasing revenue decline in Q2

    The firm targets $130 million in cost savings for 2023, but posted a $71.3 million first half net loss due to depressed demand for U.S. office space.

    By • Aug. 2, 2023
  • Close-up stock photograph showing a touchscreen monitor on which a woman’s hand is asking an AI chatbot pre-typed questions.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    JLL GPT brings conversation-based generative AI to commercial facilities managers

    The firm says the technology will provide building operators more efficient access to space utilization and portfolio optimization insights.

    By • Aug. 2, 2023
  • A staffer at the Hotel Trio Healdsburg places drinks within a Relay robot.
    Image attribution tooltip
    Retrieved from Relay Robotics on July 31, 2023
    Image attribution tooltip

    Robot butlers take over hotel deliveries

    Relay Robotics CEO Michael O’Donnell said the company is in “full-on growth mode” as hotels turn to robots for assistance with making deliveries.

    By Noelle Mateer • Aug. 1, 2023
  • The Ohio Statehouse, located in Columbus, Ohio, is the house of government for the state of Ohio.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Federal government lags behind in facilities upgrades, maintenance

    Performing much-needed repairs and upgrading public spaces is key to retaining talent amid increasing return-to-office mandates, a JLL report says.

    By • Aug. 1, 2023
  • Poor outdoor air quality affects indoor air quality, the effects of which can be mitigated only with an effective HVAC or filtering system.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip
    Opinion

    The air we breathe is changing. Here’s how to improve it in your facilities.

    Measuring temperature, humidity, particles and gases is vital to mitigating the impact of poor outdoor air quality, says TSI Incorporated President Tom Kennedy.

    By Tom Kennedy • July 31, 2023
  • Stock image of two construction workers silhouetted against a window with construction cranes in the background.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    In rebounding M&A market, HR needs a strategic approach to integrate workplace cultures

    Organizational culture has become a significant consideration for employees choosing where they want to work, and M&A can disrupt that, a new McLean report advises.

    By Laurel Kalser • July 28, 2023
  • The preventable wastage of about 30% of energy used in commercial buildings represents a loss of $57 billion a year, according to data from the U.S. Office of Energy Efficiency and Renewable Energy.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Inovues, QEA Tech partnership aims to recoup over 50% of energy lost through building envelopes

    The deal is expected to help commercial building owners reduce energy consumption and slash greenhouse gas emissions.

    By • July 27, 2023
  • Close up photo of a man in a suit.
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip

    SEC votes to overhaul disclosure rules for material cyber events

    After a fierce debate, the agency voted to require companies to come clean on material breaches and attacks within four business days of determination.

    By David Jones • July 26, 2023
  • A person with long hair is in profile, with binary code projected on their face
    Image attribution tooltip

    cottonbro studio via Pexels

    Image attribution tooltip

    Can AI make better hires? Maybe, experts say

    AI can make HR's job easier in a myriad of ways, according to a report from The Josh Bersin Company. The utility of AI in hiring, however, remains up for debate.

    By Caroline Colvin • July 26, 2023
  • U.S. Government Accountability Office
    Image attribution tooltip
    "Government Accountability Office Building" by kafka4prez is licensed under CC BY-SA 2.0
    Image attribution tooltip

    Federal agencies struggle with office utilization, excess space

    Officials noted that reconfiguration costs and uncertainty over in-office attendance policies are roadblocks to effective space utilization.

    By • July 24, 2023
  • Aeroseal intends to channel its funds and its partnership with PEG to boost building energy efficiency and tackle the pervasive issue of leaky air ducts in new and existing buildings.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    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 • July 24, 2023
  • A brown stone building looms in a city background. It features partitioned windows, with brick and stone in-between.
    Image attribution tooltip
    Courtesy of Northwestern Mutual
    Image attribution tooltip

    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
  • A brown and white building with a green lawn and a red and white 3M sign in front of it on a clear and sunny day.
    Image attribution tooltip

    Courtesy of 3M.

    Image attribution tooltip

    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