Corporate/Finance: Page 2

  • A view of the lobby of CBRE's offices in Las Vegas
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    Courtesy of CBRE
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    CBRE to buy facilities services firm for up to $1.05B

    J&J Worldwide is projected to generate more than $525 million in revenue this year. The deal will help CBRE expand its government client base, the real estate services firm’s CEO says.

    By Feb. 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 Building Technologies expands margin growth despite cost inflation

    The segment’s overall sales were down 1% year over year despite a 6% growth in building solutions during that time, the company reported.

    By Feb. 2, 2024
  • Shot of Data Center With Multiple Rows of Fully Operational Server Racks.
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    Oselote via Getty Images
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    Modine data center sales surge 34% in Q3

    The company also saw a slight growth in performance technologies and a slight decline in climate solutions, with the latter attributed to lower heat transfer product sales.

    By Feb. 1, 2024
  • Individuals posing at a press conference hosted by the Maintenance Cooperation Trust Fund in San Diego on Jan. 23, 2024, celebrating a $1 million settlement against Cheesecake Factory.
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    Permission granted by Maintenance Cooperation Trust Fund
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    Cheesecake Factory, contractors agree to $1M settlement for underpaying 589 janitorial workers

    The resolution includes $750,000 from the restaurant chain and $250,000 from the janitorial contractors accused of wage theft, the California Labor Commissioner’s Office says.

    By Jan. 30, 2024
  • Two coworkers walk into a modern office building.
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    Frazao Studio Latino via Getty Images
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    Deep Dive

    How facilities managers will navigate the return-to-office landscape in 2024

    While hard data on occupancy can inform office right-sizing, soft data like employee preferences are becoming key to improving workplace occupancy and tenant satisfaction.

    By Jan. 29, 2024
  • 250 Vesey St., a part of the Brookfield Place complex in Lower Manhattan.
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    Spencer Platt via Getty Images
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    CBRE takes over property management of Brookfield Properties’ US offices

    The agreement will leverage CBRE’s growing list of operational technology capabilities, as the firm launches a new investor portfolio management service.

    By Jan. 22, 2024
  • A group of workers sit around an office desk.
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    Azman L via Getty Images
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    Eptura leans into accessibility to stand out in crowded workplace management market

    As tenants and operators scout for office utilization data, ESG initiatives are increasingly factoring into technology and real estate decisions.

    By Jan. 17, 2024
  • A facade of North Junior High School on N 13th St. in downtown Boise, Idaho.
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    StellaMc via Getty Images
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    Idaho governor proposes $2B to revitalize aging school infrastructure

    Gov. Brad Little’s plan allocates $200 million per year to provide relief to districts struggling with maintenance, expansion and building security, a state representative says. 

    By Jan. 16, 2024
  • A rendering of Montana Technologies' AirJoule dehumidification system.
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    Retrieved from Montana Technologies on January 10, 2024
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    Carrier will commercialize ‘transformational’ AirJoule HVAC system from Montana Technologies

    The agreement will potentially give Carrier exclusive rights to commercialize the technology across HVAC systems in the Americas for three years.

    By Jan. 10, 2024
  • A gypsum ceiling in a classroom is replaced.
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    Peucata via Getty Images
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    $32M in school infrastructure grants awarded by US Education Department

    Education departments in seven states and one U.S. territory received the grants. Inflation Reduction Act tax credits can also offset infrastructure upgrades, the Treasury Department notes.

    By Jan. 8, 2024
  • A row of servers at a data center.
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    Nikada via Getty Images
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    Modine expects liquid cooling IP purchase to drive data center market growth

    The firm said the acquisition positions it to capture a share in the rapidly evolving data center liquid cooling market.

    By Jan. 4, 2024
  • A view of the Chicago skyline.
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    JMSilva via Getty Images
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    JLL plans more cuts to Chicago-area office footprint

    The firm put more than 20% of its space in a Chicago suburb up for sublease and plans to cut almost 30% of its space at its downtown headquarters. 

    By Jan. 3, 2024
  • Businesspeople discuss their future plans in the office on a couch and lounge chairs.
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    Azman Jaka via Getty Images
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    80% of businesses plan to track office attendance this year, survey finds

    Wi-Fi, occupancy sensors, under-desk sensors and badge swipes are among the strategies employers plan to use for tracking attendance.

    By Emilie Shumway • Jan. 3, 2024
  • Facilities managers discuss space in an office.
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    Hispanolistic via Getty Images
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    Trends that will define facilities management in 2024: 12 predictions

    Net-zero goals, AI-driven automation, predictive maintenance and office right-sizing are some of what industry participants expect in the new year.

    By the Facilities Dive Team • Jan. 2, 2024
  • Johnson Controls’ HVAC and controls segment drives North America sales

    The firm said its building solutions business increased orders 6% since the first fiscal quarter of 2023, with its backlog growing 11% year over year to $8.4 billion. 

    By Jan. 1, 2024
  • Alley with recycLA containers in Los Angeles
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    Cole Rosengren/Facilities Dive
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    Los Angeles commercial waste system at a crossroads amid contract renegotiation

    The recycLA program has seen positive results, but haulers are lagging on diversion targets and organics service. The city, while trying to amend the program, could issue a new RFP or even take over service itself.

    By Cole Rosengren • Dec. 22, 2023
  • More employees are being drawn back into offices with open-landscape settings and collaborative spaces gaining popularity among those who choose to come onsite to work.
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    Chip Somodevilla via Getty Images
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    Office on-site mandates and occupancy rise, but office space challenges persist

    As hybrid work becomes the norm, tech-enabled workspaces and enhanced amenities help offices complete with the benefits of working from home.

    By Dec. 21, 2023
  • A technician looks at a work order form in front of a industrial HVAC units.
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    Vladdeep via Getty Images
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    MarginPoint’s new CMMS platform highlights demand for maintenance tech

    As operators shift to proactive maintenance models, tech firms continue to develop and launch asset health and management solutions.

    By Dec. 20, 2023
  • Office and residential skyscrapers against bright sun and clear blue sky.
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    ST-art via Getty Images
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    US regulators flag commercial real estate as a leading risk in 2024

    “Signs of stress emerged in 2023, and the market outlook is challenging” for commercial real estate, according to the Financial Stability Oversight Council.

    By Jim Tyson • Dec. 20, 2023
  • The James V. Forrestal Building Building, the headquarters of the United States Department of Energy, in downtown Washington, DC at sunset.
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    Silverman Media Services via Getty Images
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    $530M in building code technical assistance grants available from DOE

    The grants will support a wide range of energy code and building performance standards activities, including workforce development, by state, local and tribal governments.

    By Dec. 19, 2023
  • 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 reports strong commercial service growth in Q4, FY 2023

    Despite a cyberattack in September that delayed its release of Q4 results, the company said it continues to grow its backlog and service orders.

    By Dec. 13, 2023
  • The Seattle skyline, featuring the Space Needle and skyscrapers.
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    George Dodd via Getty Images
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    Seattle requires large buildings to zero out greenhouse gas emissions by 2050

    As building performance standards gain traction nationwide, Seattle’s policy is the city’s most ambitious plan ever to reduce building emissions, the City Council said.

    By Ysabelle Kempe • Dec. 13, 2023
  • Computers
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    Shutterstock / Golden Dayz

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    Sponsored by Skedda

    How facilities managers capitalize on hybrid work to better control costs, maintain sustainability, utilize space

    Approximately 50% of major global companies will reduce their real estate in the next three years, according to a Knight Frank survey.

    Dec. 11, 2023
  • A technician connects cable on a solar rooftop array.
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    Wichien Tep via Getty Images
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    Warehouse roofs house New Jersey’s largest rooftop community solar project to date

    Solar Landscape will own and operate the two installations on Heitman Capital Management buildings, delivering a combined 8.8 megawatts of clean energy.

    By Dec. 4, 2023
  • A visual representation of a smart building.
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    Hallojulie via Getty Images
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    Building operators, decision-makers seek help in meeting sustainability goals

    While sustainability is accelerating as a business priority, 40% of leaders believe they lack the internal skills to measure environmental impact, new research by Johnson Controls and Forrester Consulting found. 

    By Nov. 30, 2023