Tag: CRE

L’Oréal Earns Top LEED and WELL Certifications for Corporate Office

L’Oréal USA, the U.S. subsidiary of global beauty and cosmetics giant L’Oréal Groupe, announced its corporate office in El Segundo, Calif., has been awarded two LEED Platinum certifications and a WELL Platinum certification. This achievement marks the first time a L’Oréal building has received three platinum certifications (the highest level available) in sustainability and occupant […]

What’s in Store for the Construction Industry Next Year?

Planning a major facility renovation or new build in 2025? The state of the construction industry could have an impact on your project. JLL’s new 2025 U.S. Construction Outlook details the opportunities, challenges, and key focus areas for the U.S. construction industry in the coming year, accounting for a rapidly shifting political and economic landscape in […]

GSA Offloading More Federal Facilities Under Real Estate Optimization Plan

The U.S. General Services Administration (GSA), which oversees federal facilities and represents one of the largest landlords in the country, is accelerating its efforts to “right-size and modernize” its federal real estate portfolio. After revealing plans to offload 23 properties in 2023 and three more earlier this year, the agency has now started the disposition […]

The Importance of Air Conditioning and Air Quality in a Workplace

It’s Monday morning in the summer. You shuffle into the office, your laptop’s fan kicking in to do its best impression of a struggling jet engine. The air feels thick, the windows are fogging, and the thermostat might as well be set to “uncomfortable.” Suddenly, the whole day feels heavier. It’s no secret—air quality and […]

JLL Report: $1 Trillion Needed to Revitalize Office Space at Risk of Obsolescence

Of the 776 million square meters of existing office space across 66 markets globally, about half of that space, or 322-425 million square meters, is likely to require substantial investment to remain viable in the near term—an investment of approximately $933 billion-$1.2 trillion in spending. That’s according to JLL’s latest research, “Opportunity Through Obsolescence.” The […]

They’re Back, but Is Your Workspace Employee Friendly?

Remember the days when many team members were in the office? Well, they’re back, and it may come as no surprise they’re not always excited about returning to their old/new workplaces. Almost every day, there’s another headline covering a CEO calling employees back to the office. Even the U.S. Department of Labor ordered its remote […]

The Rise of Office-to-Amenity Conversions in Commercial Real Estate

Offices are increasingly vacant. According to Moody’s Q2 2024 CRE trend report, office vacancy rates have exceeded 20% this year as businesses reduce their space or leave the office entirely, driven by the continued demand for hybrid work. In response, building owners and facility leaders are under increased pressure to offer enhanced amenities, to help […]

Expert Q&A: Controversial Return-to-Office Mandates and the Future of Work

Return-to-office (RTO) mandates have become a hot topic, with major corporations like Amazon Web Services (AWS) and Dell insisting employees work on-site. However, Amazon’s hardline policy on returning to the office or else is being met with resistance, and other companies are considering their options. In a recent Q&A released by the University of Tennessee, Knoxville’s Haslam College of Business, Tim […]

Reimagining Facilities Management with the Internet of Things

Rapid technological advancements have dramatically altered how we live, work, and interact. This sentiment is especially true for facilities managers where digital tools like the Internet of Things (IoT) bring substantial benefits via automation and sensor-enabled intelligence. IoT-powered smart facilities streamline operations, reduce costs, and automate tasks, while meeting demands for sustainability, cleanliness, and seamless […]

Sustainability in Commercial Snow Removal

As environmental concerns grow, more facilities managers and building owners are considering sustainability when planning snow removal operations. Snow removal is essential for keeping properties safe and accessible during winter, but it can come at a significant environmental cost. However, there are several ways to make snow removal more eco-friendly, which can also lead to […]