Corporate/Finance: Page 2
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CBRE facilities management revenue surges over 16% in Q4 2024
The company expects further improvements in the segment as it restructures its business lines to improve synergy across its building management verticals, CEO Bob Sulentic says.
By Joe Burns • Feb. 13, 2025 -
Sturti via Getty Images
Carrier unveils data center strategy, growth in Q4 HVAC sales
HVAC in the Americas supplied about 40% of the company’s orders. Carrier plans to expand output to meet rising demand, CEO David Gitlin said.
By Joe Burns • Feb. 12, 2025 -
Ameresco secures $140M energy savings project at the Denver Federal Center
The project is funded via the Inflation Reduction Act, however, which the Trump administration is working to rescind.
By Benton Graham • Feb. 11, 2025 -
Nosystem Images via Getty Images
With new team, ISS aims to make big push into US FM market
One of Denmark’s largest companies is leveraging a reorganization and a slate of industry veterans to reintroduce its bundled services to U.S. facilities managers.
By Robert Freedman • Feb. 10, 2025 -
Permission granted by Joe Burns
Colliers sees 61% jump in Q4 2024 engineering revenues
The company says it is seeing a cyclical recovery in its real estate services segment. Long-term tailwinds in infrastructure spending will make the “noise” around U.S. government spending immaterial, it adds.
By Joe Burns • Feb. 10, 2025 -
Gorodenkoff via Getty Images
Data centers drive Modine’s Q3 growth; CEO sees no DeepSeek ‘slowdown’
The company’s Scott Springfield Manufacturing acquisition and robust cooling distribution unit demand offset tariff and foreign-exchange risks, executives said Wednesday.
By Brian Martucci • Feb. 7, 2025 -
Sean Gallup via Getty Images
Johnson Controls’ North American orders grew 18% in first quarter
Demand across data centers, healthcare, and industrial and manufacturing helped the company’s backlog reach $13.2 billion.
By Joe Burns • Feb. 6, 2025 -
Anna Moneymaker via Getty Images
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 -
Riccardo Savi via Getty Images
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 -
Anna Moneymaker via Getty Images
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 -
deberarr via Getty Images
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 -
Anna Moneymaker via Getty Images
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 -
JHVEPhoto via Getty Images
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 -
Bilanol via Getty Images
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 -
Spencer Platt/Getty Images via Getty Images
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 -
Riccardo Savi via Getty Images
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 -
Douglas Rissing via Getty Images
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 -
JHVEPhoto via Getty Images
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 -
Chip Somodevilla via Getty Images
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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