Corporate/Finance: Page 2

  • A bird's eye view of the West Facade of the U.S. Capitol Building and Pennsylvania Avenue in Washington, D.C., as seen from a window in a downtown office building.
    Image attribution tooltip
    dkfielding via Getty Images
    Image attribution tooltip

    Washington, DC, readies tax abatement program for commercial-to-residential conversions

    The incentive provides property owners up to $2.5 million for each fiscal year from 2024 through 2026 through a provision that a local attorney describes as “critical to the lifeblood of the city.”

    By • Feb. 12, 2024
  • The outside of a modern commercial office building.
    Image attribution tooltip
    Pgiam via Getty Images
    Image attribution tooltip

    58% of top office leases were renewals in 2023: CBRE

    The firm says the majority of these renewals came in the Mid-Atlantic region, attributing these commitments to lower office utilization-driven resizing.

    By • Feb. 9, 2024
  • Three yellow electric school buses are lined up behind each other along a sidewalk near a grass lawn
    Image attribution tooltip
    Permission granted by Tim Farquer
    Image attribution tooltip

    How can schools tap tax reimbursements for clean energy projects?

    The Inflation Reduction Act’s “direct pay” provision allows tax-exempt entities like schools to receive federal tax-free cash payment for qualifying projects.

    By Kara Arundel • Feb. 9, 2024
  • Attendees walk through an expo hall at AWS re:Invent 2023, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on November 28, 2023 in Las Vegas, Nevada.
    Image attribution tooltip
    Noah Berger / Stringer via Getty Images
    Image attribution tooltip

    AWS expands data center footprint to absorb growing customer demand for AI

    The hyperscaler is extending the life of its cloud servers to offset a planned increase in data center capital investments.

    By Matt Ashare • Feb. 8, 2024
  • Trane Technologies CEO and chair Dave Regnery speaks at the 2023 Concordia Annual Summit with Avipsa Mahapatra.
    Image attribution tooltip
    Riccardo Savi via Getty Images
    Image attribution tooltip

    Trane Technologies piles up $6.9 billion backlog

    The company’s CEO said a strong pipeline of commercial HVAC projects has led the business to play a larger role in its overarching financials.

    By • Feb. 5, 2024
  • A view of the lobby of CBRE's offices in Las Vegas
    Image attribution tooltip
    Courtesy of CBRE
    Image attribution tooltip

    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.
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    Oselote via Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    Permission granted by Maintenance Cooperation Trust Fund
    Image attribution tooltip

    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.
    Image attribution tooltip
    Frazao Studio Latino via Getty Images
    Image attribution tooltip
    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.
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    Azman L via Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    StellaMc via Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    Retrieved from Montana Technologies on January 10, 2024
    Image attribution tooltip

    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.
    Image attribution tooltip
    Peucata via Getty Images
    Image attribution tooltip

    $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.
    Image attribution tooltip
    Nikada via Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    JMSilva via Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    Azman Jaka via Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    Hispanolistic via Getty Images
    Image attribution tooltip

    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
  • A view of Johnson Controls' logo on a sign in Richmond Hill, Ontario, Canada.
    Image attribution tooltip
    "Johnson Controls in Richmond Hill" by Raysonho is licensed under CC BY 1.0
    Image attribution tooltip

    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
    Image attribution tooltip
    Cole Rosengren/Facilities Dive
    Image attribution tooltip

    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.
    Image attribution tooltip
    Chip Somodevilla via Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    Vladdeep via Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    ST-art via Getty Images
    Image attribution tooltip

    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.
    Image attribution tooltip
    Silverman Media Services via Getty Images
    Image attribution tooltip

    $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