Corporate/Finance: Page 5
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Fahroni via Getty Images
Canada Infrastructure Bank invests $100M in deep energy retrofits across aging buildings
GDI Integrated Facility Services will channel the loan toward implementing measures that are expected to cut greenhouse gas emissions in each building by at least 30% annually.
By Joe Burns • July 8, 2024 -
Retrieved from ASHRAE on July 02, 2024
ASHRAE establishes Center of Excellence for Building Decarbonization
The center will track emerging issues and trends, provide reliable technical information and coordinate joint initiatives, ASHRAE says.
By Joe Burns • July 2, 2024 -
Simonkr via Getty Images
CBRE acquires Direct Line Global, bolstering data center technical services
Direct Line Global, which provides design, installation, maintenance and management solutions and server support infrastructure, will operate as part of CBRE’s data centers solutions business.
By Joe Burns • June 21, 2024 -
The image by Peretzp is licensed under CC BY-SA 3.0
Constellation, Vistra and PSEG could be next to ink nuclear-data center supply deals: S&P
Higher power prices are creating opportunities for nuclear operators to serve data centers that co-locate nearby, S&P Global Ratings said.
By Robert Walton • June 18, 2024 -
Justin Sullivan / Staff via Getty Images
WeWork taps new CEO from Cushman & Wakefield as it exits bankruptcy
John Santora, a more than 40-year Cushman & Wakefield veteran, was appointed as CEO and director, WeWork said.
By Nish Amarnath • June 13, 2024 -
Gorodenkoff via Getty Images
Johnson Controls launches global data center business
The new entity will focus on leveraging Johnson Controls’ scale to provide integrated solutions to data center customers as the company sees surging revenue from this market.
By Joe Burns • June 11, 2024 -
FangXiaNuo via Getty Images
Sustainability upgrade value could offset office fit-out costs as price increases slow
Green energy solutions and low-carbon materials could offer long-term returns on investment, according to fit-out guides by CBRE, Cushman & Wakefield and JLL.
By Joe Burns • Updated June 12, 2024 -
Joe Raedle via Getty Images
Insurance costs of US commercial buildings could jump almost 80%, on average, by 2030: Deloitte
To combat rising costs, driven by increasing climate risks, property owners should consider prevention measures, self-insurance and relocation, a report says.
By Joe Burns • June 7, 2024 -
sdecoret via Getty Images
JLL taps Kristen Vosmaer for its Work Dynamics data center business
The firm says hiring the former GLP executive will help it meet client demand as the data center industry experiences “massive, unprecedented growth.”
By Joe Burns • Updated June 5, 2024 -
Spencer Platt via Getty Images
Honeywell acquires Carrier’s Global Access Solutions business for $4.95B
The LenelS2, Onity and Supra brands of physical security and access control systems are among the products the acquisition adds to Honeywell's portfolio.
By Nish Amarnath • June 4, 2024 -
sfe-co2 via Getty Images
BrainBox AI snaps up automation division from Turntide
The transaction adds more than 1,900 connected buildings to BrainBox AI's network and enhances the automated building firm's climate tech efforts, it says.
By Joe Burns • May 31, 2024 -
Cushman & Wakefield taps JLL exec to lead global IFM services
David Bukovac will now lead integrated facilities management within Cushman's global occupier services group after two stints totaling more than 15 years at JLL.
By Nish Amarnath • May 29, 2024 -
Astockphoto via Getty Images
US HVAC leaders see Q1 sales growth, production hurdles
Carrier, Lennox and Trane saw increased sales and backlogs in the first quarter, driven by commercial energy efficiency measures, growing data center demand and expanded maintenance and service pipelines.
By Joe Burns • May 28, 2024 -
Nikada via Getty Images
Modine’s data center sales jumped 69% in FY 2024 amid demand from hyperscalers
The company’s data center sales are expected to grow by 60% to 70% in fiscal year 2025, stemming from organic growth and the positive impact of recent acquisitions, Modine CFO Mick Lucareli said.
By Nish Amarnath • May 23, 2024 -
Michael M. Santiago via Getty Images
Microsoft plows $3.3B into data center at former Foxconn site
The software giant, which previously committed $1 billion to the project, has increased its promised expenditure amid a surge of data center activity.
By Matthew Thibault • May 22, 2024 -
Gorodenkoff via Getty Images
JLL to acquire data center design, engineering services firm SKAE
The New York-based firm will combine with JLL’s data center vertical to form a new technical services division and add technical depth to its offerings, JLL says.
By Joe Burns • May 16, 2024 -
Bilanol via Getty Images
Clean energy tax credit market poised to grow under new transferability rules
The transferability mechanism makes it easier for clean energy project developers and owners to sell IRA tax credits for cash.
By Brian Martucci • May 16, 2024 -
Retrieved from Phillips 66 press release.
Freewire Technologies on the verge of terminating operations
The EV charging supplier, which works with Chevron, Phillips 66 and other c-store retailers, is seeking funding amid financial challenges.
By Brett Dworski • May 14, 2024 -
Jacob Wackerhausen via Getty Images
Effective vendor solicitation grows more important amid labor challenges
As construction costs spike and the workforce ages, improved scope of work documents can better attract quality experts while maintaining budget, a speaker at IFMA's Facility Fusion said.
By Joe Burns • May 9, 2024 -
"Jones Lang LaSalle (JLL) in Pittsburgh, Pennsylvania" by Tony Webster is licensed under CC BY-SA 2.0
JLL’s Work Dynamics, property management businesses fuel Q1 revenue growth
Workplace management revenues within Work Dynamics climbed 15% while U.S. office leasing volumes rose 14% in the first quarter of 2024, with many occupiers looking to upgrade space, the company said.
By Nish Amarnath • May 7, 2024 -
CBRE sees facilities management, project management net revenue growth, leasing rebound in Q1
Costs in the firm’s global workplace solutions segment “have increased at an unacceptable rate,” however, prompting cost-cutting actions, CEO Bob Sulentic said.
By Joe Burns • May 6, 2024 -
Johnson Controls’ North America applied HVAC and controls orders grow nearly 50% in Q2
Data center orders in the first half of 2024 have already surpassed 2023 totals and similar growth is expected over the next few years, CEO George Oliver says.
By Joe Burns • May 2, 2024 -
Permission granted by Cushman & Wakefield
Cushman & Wakefield posts 5% leasing revenue growth amid overall Q1 decline
Revenue from its property, facilities and project management segment, renamed services, dropped 3%, but mid-sized office and industrial leasing grew in all sub-regions across the Americas, the company says.
By Nish Amarnath • April 30, 2024 -
Chunyip Wong via Getty Images
Johnson Controls gets ahead of sustainability, emissions reduction goals
The company has reduced scope 1 and scope 2 emissions by 44% since 2017 while reducing safety incidents and increasing diverse supplier spending, according to its 2024 sustainability report.
By Joe Burns • April 29, 2024 -
Permission granted by Schneider Electric
Data center demand drives Schneider Electric’s Q1 revenue growth in North America
Despite supply constraints and discrete automation weaknesses, solid traction in energy management and renovations of commercial buildings are driving a positive outlook in 2024, the company says.
By Nish Amarnath • April 29, 2024
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