Corporate/Finance: Page 2
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Trump delays tariffs on Canada, Mexico; China strikes back at US
The president reached agreements to delay tariffs on both of the nation’s neighbors in exchange for increased border security, while China added its own tariffs on U.S. fossil fuels and other products.
By Philip Neuffer • Updated Feb. 4, 2025 -
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Trane Technologies saw growth across most commercial HVAC verticals in 2024
Commercial HVAC and applied systems drove a double-digit increase in the company’s revenue last year.
By Joe Burns • Jan. 31, 2025 -
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Trump funding freeze leaves IIJA, IRA projects in limbo
New executive orders could halt promised funding and stop infrastructure and environmental projects that are already underway, legal experts say.
By Julie Strupp • Jan. 29, 2025 -
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High-quality and downtown office buildings will shine in modest CRE recovery: CBRE
Occupiers are making location and space decisions with “more confidence than they’ve had in years,” one CBRE research director said on a webinar.
By Joe Burns • Jan. 24, 2025 -
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Trump freezes IRA funding disbursement
The White House issued a memo Tuesday to clarify the funding pause, specifying that it pertains only to aspects of the law mentioned in Section 2 of the executive order.
By Kate Magill • Updated Jan. 23, 2025 -
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JLL establishes energy advisory and sustainability practice
The team will provide technical expertise on energy sourcing, efficiency and end-use optimization across the company’s business lines.
By Joe Burns • Jan. 17, 2025 -
Permission granted by Michael Persico
Adaptive reuse breathes new life into abandoned schools
Repurposed school buildings are home to a variety of groups, including artisans, local governments and restaurants. But funding and getting public buy-in for these projects isn’t always easy.
By Amanda Loudin • Jan. 15, 2025 -
CBRE to take full ownership of Industrious for $400M, consolidate its FM businesses
The commercial services firm says the transaction and restructuring will help it unify building operations, workplace experience and property management.
By Joe Burns • Jan. 15, 2025 -
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Treasury finalizes guidance for IRA’s tech neutral, clean electricity tax credits
They’re “the most important clean energy tax credits ever enacted,” said Brad Townsend, vice president of policy and outreach at the Center for Climate and Energy Solutions.
By Diana DiGangi • Jan. 10, 2025 -
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JPMorgan RTO and headquarters plans highlight financial services firms’ prioritization of the office
With many firms pushing for more stringent office attendance, the bank’s plans underscore a growing focus on employee experience and the role of operations in workplace efficiency.
By Joe Burns • Jan. 9, 2025 -
Retrieved from Black Desert Resort on January 09, 2025
Deep DiveC-PACE financing can make energy efficiency upgrades more affordable – if it’s available
Interest rates as low as 7% make C-PACE attractive for building improvement projects, some experts say. But conditions for accessing it vary widely by state.
By Nish Amarnath • Jan. 9, 2025 -
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Trane Technologies agrees to acquire BrainBox AI
The acquisition builds on a prior collaboration between both companies as Trane works to bolster its building management and emissions reduction capabilities.
By Joe Burns • Dec. 20, 2024 -
CBRE’s climate transition strategy targets supply chain, efficiency actions
Measures to decarbonize include working with clients and suppliers to reduce emissions, which would help decrease its large share of scope 3 emissions, the firm says.
By Joe Burns • Dec. 9, 2024 -
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GSA engages JLL, Corg for integrated facilities management services
The contract will include mechanical, electrical and plumbing systems repair and maintenance services for 20 General Services Administration buildings and two parking garages, JLL said.
By Nish Amarnath • Updated Dec. 9, 2024 -
Retrieved from U.S. General Services Administration.
Constellation NewEnergy wins nearly $120M contract for energy-saving measures at five federal facilities
The upgrades, which include building envelope enhancements and LED retrofits, are expected to save $2.2 million in annual utility costs, the U.S. General Services Administration said.
By Nish Amarnath • Dec. 4, 2024 -
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Honeywell to sell commercial, industrial PPE business for $1.3B
The sale aligns with the company’s plans to exit the personal protective equipment industry and focus on automation, aviation and clean energy.
By Sara Samora • Dec. 4, 2024 -
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Compass Group, Aramark, Sodexo boost revenue, tech in FY24
Sports venue contracts and return-to-office trends helped the food service firms improve revenue and margins in fiscal year 2024, they reported.
By Joe Burns • Dec. 2, 2024 -
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Inflation Reduction Act changes “not a Day 1 priority” for Trump, Congress: Crux
Though a full repeal of the 2022 climate law is unlikely, a Republican-controlled legislature could repeal or phase out some of its individual provisions beginning next year, policy experts said.
By Brian Martucci • Nov. 26, 2024 -
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State infrastructure ballot initiatives see mixed results
Approved bond funding and climate resiliency-focused state ballot measures could provide new ways for municipalities to fund improvements.
By Joe Burns • Nov. 11, 2024 -
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Data center boom sparks acquisitions, surging revenue for system, service providers
Service firms like CBRE and JLL have bolstered their technical support capabilities, while HVAC and system controls providers rake in profits from colocation and hyperscale customers.
By Joe Burns • Nov. 8, 2024 -
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Johnson Controls reports +20% growth in applied HVAC and controls
The company’s fourth quarter sales organically rose 10% year over year, led by strength in North America data center sales.
By Joe Burns • Nov. 7, 2024 -
Permission granted by Joe Burns
Colliers reports strong office leasing gains in Q3
The firm’s real estate services third-quarter revenue grew 9% year over year, with a 22% rise in office leasing, driven by several large transactions in the third quarter of 2024.
By Joe Burns • Nov. 7, 2024 -
"Jones Lang LaSalle (JLL) in Pittsburgh, Pennsylvania" by Tony Webster is licensed under CC BY-SA 2.0
JLL workplace management and leasing revenue drive Q3 growth
The company is working to consolidate its building operations groups, effective Jan. 1, 2025, amid growth in office leasing activity and new workplace management client wins.
By Nish Amarnath • Nov. 6, 2024 -
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Schneider Electric replaces CEO Peter Herweck amid strategic ‘execution’ issues
The board’s decision to tap company veteran Olivier Blum as Herweck’s successor follows “divergences” in executing Schneider’s road map at a time of significant opportunity, the company said.
By Nish Amarnath • Nov. 6, 2024 -
Permission granted by Schneider Electric
Schneider Electric investigating cyber intrusion after threat actor gains access to platform
Threat actors claim to have 75,000 unique name and email addresses from the incident, which marks Schneider Electric’s third cyber breach in less than two years.
By David Jones • Nov. 6, 2024
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