Industry News
Carr Properties Shedding Assets as Major Investor Exits
Carr Properties, a significant commercial real estate developer, is reducing its asset portfolio due to a major investor’s exit, which could signal changes in demand for HVAC services in commercial buildings. This restructuring involves a major investor selling their stake in exchange for office properties, and another investor increasing their equity in the firm.
May 12, 2025 Carr Properties Shedding Assets As Major Investor Looks To Exit
D.C. Council Passes Eviction Bill After Landlord-Backed Changes
The D.C. Council approved an eviction bill with amendments favored by landlords, indicating a potential shift in property management regulations that could affect HVAC service opportunities during tenant turnover. Property managers and HVAC contractors in the D.C. area should note these changes.
May 6, 2025 Carr Properties Shedding Assets As Major Investor Looks To Exit
Simon Reports Strong First Quarter 2025 Results
Simon Property Group, a major retail REIT, reported strong first-quarter results with increased net operating income and high occupancy rates in their malls and premium outlets, suggesting a stable market for HVAC services in these commercial properties. This indicates continued investment in maintaining and upgrading these spaces.
May 12, 2025 Simon® Reports First Quarter 2025 Results and Reaffirms Full Year 2025 Real Estate FFO Per Share Guidance
Trane Announces Temporary Increase in Refrigerant Pre-Charge
Trane announced a temporary increase in the factory pre-charge of refrigerant in its R-454B split air conditioner and heat pump models due to limited availability of R-454B to contractors. This action addresses supply chain challenges for this new, more environmentally friendly refrigerant.
May 8, 2025 https://www.achrnews.com/articles/164590-trane-temporarily-increases-pre-charge-in-r-454b-units
Honeywell Announces 42% Surcharge on R-454B
Honeywell announced a significant 42% surcharge on R-454B refrigerant, citing rising raw material costs, unprecedented demand, and new tariffs. This price hike will likely impact the cost of new HVAC systems and services as the industry transitions to this lower-GWP refrigerant.
April 11, 2025 Honeywell Announces 42% Surcharge on R-454B | ACHR News
F.W. Webb Co. Announces Key Appointments and Partnerships
F.W. Webb Co., a major distributor, announced key appointments to advance its HVAC market expansion strategy, along with strengthened partnerships with Rheem and becoming the exclusive distributor of GE residential HVAC products in New England. This indicates significant activity and growth in the HVAC distribution channel.
May 13, 2025 F.W. Webb Announces Key Appointments to Advance HVAC Market Expansion | Contracting Business
SMACNA Reports on Workforce Development and Industry News
SMACNA (Sheet Metal and Air Conditioning Contractors’ National Association) reported on high school juniors receiving job offers in the trades, the retirement of a long-time director, and the impact of National Careers in Trades Week. These updates highlight the industry’s focus on workforce development.
May 6-7, 2025 https://www.smacna.org/
AIIR Products Achieves AHRI Certification for Intelligent HVAC System
AIIR Products announced that its Intelligent HVAC system has achieved AHRI certification, signifying that its product meets industry standards for energy efficiency and intelligent HVAC design. This marks the entry of a new player focused on advanced technology in the HVAC market.
Copeland Expands Partnership with Mysa Smart Thermostats in the U.S.
Copeland announced the expansion of its partnership with Canadian-based Mysa Smart Thermostats to the U.S. market. Mysa’s smart thermostats cater to homes with electric baseboard heating systems, complementing Copeland’s Sensi line and broadening options for energy-efficient control.
May 12, 2025 Copeland Expands Partnership with Canadian-based Mysa Smart Thermostats in the U.S. | Morningstar
Navin Fluorine and Chemours Announce Strategic Agreement
Navin Fluorine has entered into a strategic agreement with Chemours to manufacture Chemours’ HFO-based two-phase immersion cooling fluid, indicating efforts to increase the production of more environmentally friendly cooling fluids. This supports the transition to lower-GWP refrigerants.
May 9, 2025 Navin Fluorine to produce Chemours' cooling fluid - Cooling Post
Tools & Tips Section
Stayntouch Recognized as “Hotel PMS of the Year”
Stayntouch, a cloud-based property management system for the hospitality industry, received the “Hotel PMS of the Year” award for its intuitive design, rapid deployment, and seamless integrations, which improve operational efficiency and guest experience. While designed for hotels, its core principles are relevant for property management systems in other sectors.
Eccleston Square Hotel Upgrades with Smart Technology and AI
The Eccleston Square Hotel implemented smart room controls and an AI-powered digital concierge platform to enhance guest experience and automate service requests. These technologies, integrated with the hotel’s property management software, offer convenience and efficiency that are increasingly applicable to residential properties.
URLs: Hotel Technology News Recap: Week of May 4, 2025 |
Fun Fact
Did you know that the practice of property management has roots stretching back to ancient Rome? Wealthy Roman landowners employed individuals called “villicus” to oversee and manage their estates, demonstrating a long history of professional real estate oversight.
URLs: 10 Suprising Facts About Property Management - T & T Property Management
Closing
We hope this weekly brief has provided you with valuable insights into the latest news and trends impacting the property management industry. We encourage you to reply to this email with any interesting stories, helpful advice, or innovative tools you’ve encountered in your professional experience. Your contributions help us keep this brief informative and relevant for the entire community.