Corporate/Finance: Page 4
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Retrieved from Carrier on October 08, 2024
Carrier rebrands EcoEnergy Insights, Cortix building management system as Abound
The move brings the company’s artificial intelligence and IoT-powered technologies together as a comprehensive suite of climate and energy management products, it said.
By Joe Burns • Oct. 8, 2024 -
JHVEPhoto via Getty Images
JLL to acquire lease management, data analytics tech brokerage Raise
The acquisition will help JLL build out its digital leasing platform to provide data-driven decision-making to clients, the real estate services firm says.
By Joe Burns • Oct. 2, 2024 -
multifocus via Getty Images
Commercial real estate recovery expected in 2025, prompting tech, sustainability investments
A majority of major real estate owner and investor organizations are more likely to channel their spending toward data and technology in 2025, but they must be deliberate about deployment, per a Deloitte report.
By Joe Burns • Sept. 30, 2024 -
JHVEPhoto via Getty Images
Sodexo mulls acquisition of food service competitor Aramark
The potential deal, which has reportedly been brewing for months, could provide Sodexo with a strong growth engine but would require significant funding and could face antitrust scrutiny, Bloomberg reported.
By Joe Burns • Sept. 27, 2024 -
TomasSereda via Getty Images
Fed rate cut will trigger slow rise in real estate investment ‘tide,’ CBRE chief economist says
Looking ahead, CBRE expects the economy will avert a recession and that its “soft landing” will boost tenants’ confidence and support demand for space across property types.
By Maura Webber Sadovi • Sept. 27, 2024 -
Kwarkot via Getty Images
BlackRock, Microsoft, partners aim to mobilize $100B for AI data centers, energy infrastructure
The funding necessary to build out the data centers, AI factories and energy needed to power them “goes beyond what any single company or government can finance,” Microsoft President Brad Smith said.
By Lamar Johnson • Sept. 20, 2024 -
"Jones Lang LaSalle (JLL) in Pittsburgh, Pennsylvania" by Tony Webster is licensed under CC BY-SA 2.0
JLL’s Scope 1, 2 emissions jump 16% across the Americas in 2023
The company has reduced these emissions by over 20% since its 2018 baseline and is still on track to meet its net-zero targets by 2030, according to its 2023 ESG performance report.
By Nish Amarnath • Sept. 19, 2024 -
CBRE’s Scope 1 and 2 carbon emissions drop 24% since 2019
Its scope 1 emissions rose almost 16% since 2022 due to increased mileage across its vehicle fleet, which it looks to fully electrify by 2035, according to CBRE’s 2023 corporate responsibility report.
By Joe Burns • Sept. 12, 2024 -
Courtesy of Johnson Controls.
Johnson Controls continues manufacturing offload, agrees to sell its commercial PVC business
The deal represents further portfolio trimming for the building automation firm, following two recent divestitures of light commercial and residential HVAC and air distribution assets.
By Joe Burns • Aug. 16, 2024 -
ronstik via Getty Images
PDM Group joins Orion Group network to broaden reach, boost HVAC service capabilities
The New Jersey-based HVAC service provider will work with G.E. Mechanical, part of one of Orion’s core businesses, Astra Service Partners, in a move expected to expand the service areas of both companies.
By Nish Amarnath • Aug. 9, 2024 -
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JLL’s Work Dynamics revenue surges 17% year over year, leads Q2 boost
Workplace management revenue reached just over $3 billion in the second quarter, while an improved office sector fueled leasing growth in that period, the firm said.
By Nish Amarnath • Aug. 7, 2024 -
Riccardo Savi via Getty Images
Trane Technologies commercial HVAC business backlog grows to $7.5B
The company grew commercial HVAC organic bookings in the Americas more than 20% year over year, led by continued strength in data centers, education, healthcare and high-tech industrials, it said.
By Joe Burns • Aug. 6, 2024 -
Permission granted by Cushman & Wakefield
Cushman & Wakefield sells maintenance, repair and project-management business CWFS to Vixxo
The deal for the former QSI brand will help Vixxo provide convenience stores and other multisite retail operators with equipment rollouts, HVAC-R installations and more.
By Joe Burns • Aug. 5, 2024 -
Permission granted by Schneider Electric
Schneider Electric’s Q2 revenue in North America soars amid growth in energy management
Energy management revenue organically rose 15.5% year over year to nearly $3.4 billion in North America, despite contending with supply chain challenges, the company said.
By Nish Amarnath • Aug. 5, 2024 -
Nathan Howard via Getty Images
Data center sales jumped 138% last quarter, Modine says
The company is adding more capacity for its data center products, and much of that available capacity is slated to come online later this year, CEO Neil Brinker said.
By Nish Amarnath • Aug. 2, 2024 -
Johnson Controls posts backlog growth amid commercial HVAC boom, announces retirement of CEO
The company’s building solutions backlog in North America grew 14% year over year to $9 billion as it offloaded two non-core businesses, pivoting away from manufacturing.
By Joe Burns • Aug. 1, 2024 -
Cushman & Wakefield’s services revenue declines in Q2, offsetting leasing growth
The company has agreed to divest a non-core business and expects about $130 million in gross cash proceeds that will be used for strategic growth opportunities, CFO Neil Johnston said.
By Nish Amarnath • July 30, 2024 -
Kevin Dietsch via Getty Images
Honeywell’s building solutions business swells, offsetting drop in products
The building solutions business grew sales 14% in the quarter, including a 20% jump in project sales as a result of strength in the data center, healthcare and energy sectors, CFO Greg Lewis said on an earnings call.
By Joe Burns • July 29, 2024 -
MOZCO Mateusz Szymanski via Getty Images
CBRE continues facilities management growth in Q2’ 2024
While the office leasing market stabilizes, the company plans to continue expanding its facilities management business through mergers and acquisitions, CEO Bob Sulentic said on an earnings call.
By Joe Burns • July 25, 2024 -
Sean Gallup via Getty Images
Johnson Controls, Bosch reach agreement for light commercial, residential HVAC assets
The proposed sale is part of Johnson Controls’ ongoing restructuring intended to simplify its portfolio to focus on providing solutions for commercial buildings and data centers.
By Joe Burns • July 24, 2024 -
Coffeekai via Getty Images
Johnson Controls agrees to sell commercial, multifamily business amid residential HVAC downturn
Products that are part of the deal include terminal units, dampers, filters, fans and other equipment offered under the Koch Filter, Titus, Ruskin, Krueger, PennBarry and Tuttle & Bailey brands.
By Brian Martucci • July 17, 2024 -
Justin Sullivan via Getty Images
Google cuts on-site carbon emissions but struggles to contain data center electricity use
Despite implementing demand response programs, electrification efforts and power purchase agreements, AI’s computational requirements have led to increases in the company’s emissions.
By Joe Burns • July 11, 2024 -
ronstik via Getty Images
Orion’s Leo FM expands reach through partnership with RSM Facility Solutions
The partnership will help property managers and facility operators optimize work order management and integrate predictive maintenance tools, Orion’s co-CEO says.
By Nish Amarnath • July 11, 2024 -
Retrieved from Mainspring Energy on July 10, 2024
Mainspring Energy announces first reseller partners, channel partnership executive
Its newly formed reseller sales channel will help it to continue expanding its fuel-flexible power generator solution across the U.S., the company says.
By Joe Burns • July 10, 2024 -
FangXiaNuo via Getty Images
US office vacancy rates break 20% for first time ever
Preliminary second quarter data from Moody’s shows the third straight record-breaking quarter beyond previous historic peaks seen between 1986 and 1991.
By Joe Burns • July 9, 2024
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