Tag: CRE

Federal Real Estate Optimization Plan Includes Offloading 23 More Properties

Days after revealing a $2 billion investment in low-carbon construction projects at federal facilities, the U.S. General Services Administration (GSA) announced that it has identified 23 properties to begin the disposition process as it accelerates its efforts to right-size and modernize the federal buildings portfolio. The announcement represents a potential reduction of 3.5 million square […]

Under Construction: Top Facility Projects of October 2023

Facilities Management Advisor’s “Under Construction” series highlights some of the latest, most interesting facility project announcements every month. Modern Facility for Historic Cemetery October is a spooky season all about Halloween, so of course this month’s list had to include at least one project to commemorate the holiday. Although the historic Oakland Cemetery, Atlanta’s oldest […]

U.S. Green Building Council’s HQ Achieves Triple Platinum Certification

Triple-platinum status isn’t just for rock stars and rappers anymore! The U.S. Green Building Council (USGBC) announced that its headquarters in Washington, D.C., has been awarded a prestigious triple Platinum certification in LEED, TRUE, and WELL. This trio of certifications reflects USGBC’s commitment to healthy, productive, sustainable, and responsible work environments. The new headquarters, which also houses Green Business Certification […]

Report Ranks Top 10 Intelligent Building Software Vendors

A new report from consultancy Guidehouse Insights assesses the competitive landscape in the intelligent building software market and ranks the top 10 vendors. Intelligent building solutions are a steadily growing market segment as commercial building owners and managers adopt new technologies for reducing energy use and carbon emissions, increasing building efficiency, and satisfying tenant demands for comfort, […]

Commercial Real Estate Occupiers Increase Spending on Tech Solutions

A new report from JLL finds commercial real estate (CRE) occupiers are “willing to put their money where the tech is,” with over 80% of companies increasing technology budgets despite a challenging operating environment. According to JLL’s 2023 Global Real Estate Technology Survey, 91% of occupier respondents are willing to pay a premium for tech-enabled space […]

Decarbonizing Buildings: The Big Rethink

Editor’s note: FM Perspectives are industry op-eds. The views expressed are the authors’ and do not necessarily reflect those of Facilities Management Advisor. Buildings represent more than 40% of U.S. carbon emissions, and natural-gas-fired HVAC, water heating, cooking, and other systems represent the largest fraction. With a growing profile of electric products entering the market, […]

Which U.S. Cities Are Leading the Uptick in Office Conversions?

Office conversions in the U.S. are on pace to more than double their recent annual average this year, with momentum picking up due to increased incentives and other support from state and local governments, according to new insight from CBRE. CBRE analyzed the number of office conversions in major U.S. cities since 2016 and found nearly 100 projects […]

New IFMA Partnership Offers Cybersecurity Resources for Facilities

The International Facility Management Association (IFMA) has announced a new partnership with nonprofit organization Building Cyber Security (BCS) to offer IFMA members resources, training, and tools to mitigate cyber risk in facility operations. As buildings become smarter and more connected, the risk grows that a cyberattack to building systems can result in the shutdown of a facility, […]

Employee Behavior Has Changed: What Does It Mean for Facility Maintenance?

As the modern workplace has evolved to become more flexible in recent years, the building and facility teams behind these spaces have been pushed to adapt alongside them. With the day-to-day uncertainties of the COVID era largely in the rear view, most organizations have implemented policies to give direction to their workforce on the company’s […]

10 Ways to Reduce Your HVAC System’s Carbon Footprint

As environmental consciousness grows, carbon footprints have become a critical concern for businesses across various industries. In particular, commercial buildings account for a significant portion of greenhouse gas emissions due to their energy-intensive operations, with heating, ventilation, and air conditioning (HVAC) systems playing a substantial role. In this article, we will explore 10 effective strategies […]