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Raise strengthens JLL's platform with market-leading technology for the full leasing lifecycle CHICAGO, Oct. 1, 2024 /PRNewswire/ -- JLL (NYSE: JLL) today announced it has reached an agreement to acquire Raise Commercial Real Estate (Raise), a technology-powered brokerage that provides client solutions using a transformative digital real estate platform. This acquisition gives JLL and its clients access to Raise's industry-leading leasing technology, while further enhancing JLL's robust global platform. The ...

JLL's Capital Markets group led the financing efforts for the 25-property, 7M SF portfolio located across 10 states CHICAGO, Sept. 30, 2024 /PRNewswire/ -- JLL'sCapital Markets group announced today it has arranged a $577.625 million CMBS single-borrower (SASB) financing for LBA Logistics Value Fund VII Industrial Portfolio. The portfolio comprises 25 industrial properties across 10 states, totaling 7,040,030 square feet. JLL worked on behalf of LBA Logistics to secure the floating-rate loan for a five-year ...

Delivering client outcomes by unifying similar capabilities and putting best-in-class intelligence into action CHICAGO, Sept. 24, 2024 /PRNewswire/ -- JLL today announced it will bring together all building operation groups to address client needs and the changing dynamics of the real estate industry. "In addition to the benefits of operating and reporting similar service offerings together, we expect greater synergy and better client value by aligning real estate management activities globally," said Chris ...

Jones Lang LaSalle Incorporated (JLL) , popularly known as JLL, is expected to benefit from the continued strength of its resilient lines of business and favorable outsourcing trends. However, persistent macroeconomic uncertainty remains a concern. What's Aiding JLL? JLL has a broad range of real estate products and services as well as an extensive knowledge of domestic and international real estate markets, thus enabling it to operate as a single-source provider of real estate solutions. Its superior clien ...

JLL's Future of Work Survey uncovers new opportunities for corporate real estate as two-thirds of business leaders expect their CRE budget to increase between now and 2030 CHICAGO, Sept. 9, 2024 /PRNewswire/ -- Despite the challenging commercial real estate landscape and mixed economic environment, global business leaders are bullish on the future, with two-thirds (65%) expecting their CRE budgets to increase between now and 2030, as revealed in JLL's (NYSE: JLL) Future of Work survey. The biennial, global ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. It also includes access to the Zacks Style Scores. What ...

Core Viewpoint - Jones Lang LaSalle (JLL) reported strong second-quarter earnings, with adjusted EPS of $2.55, exceeding estimates and reflecting a year-over-year increase from $2.12 to $2.55, driven by resilient business lines and effective cost management [2][3]. Financial Performance - JLL's revenues for Q2 2024 reached $5.63 billion, an 11.4% increase from the previous year, surpassing the Zacks Consensus Estimate of $5.35 billion [3]. - The Markets Advisory segment generated revenues of $1.08 billion, up 5.2% year-over-year, primarily due to growth in Leasing across various regions, especially in the United States, Greater China, India, and Germany [3]. - The Capital Markets segment reported revenues of $457.6 million, a 2.1% increase year-over-year, with broad-based growth across all business lines despite macroeconomic challenges [5]. - The Work Dynamics segment saw revenues of $3.93 billion, a significant 16.6% increase year-over-year, driven by strong performance in Workplace Management and Project Management [6]. - Conversely, the JLL Technologies segment experienced a revenue decline of 6.9% to $56.4 million, attributed to lower contract signings and delayed technology spending decisions [7]. - The LaSalle segment's revenues fell 28.7% to $102.6 million, primarily due to decreased incentive and advisory fees linked to lower assets under management (AUM) [8]. Assets Under Management - As of June 30, 2024, LaSalle's AUM was $86.6 billion, down from $93.2 billion a year prior, influenced by dispositions, withdrawals, and valuation decreases [9]. Balance Sheet - JLL ended Q2 2024 with cash and cash equivalents of $424.4 million, an increase from $396.7 million at the end of Q1 2024 [10]. - The net leverage ratio improved to 1.7 from 1.9 in Q1 2024, indicating better financial health [10]. - The company repurchased 103,701 shares for $20.1 million during the quarter, with $1.053 billion remaining authorized for future repurchases [11]. Market Outlook - There has been an upward trend in estimates revisions for JLL, with a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns in the coming months [12][14]. - JLL's VGM Score is A for growth and momentum, and B for value, placing it in the top 40% for investment strategies [13]. Industry Comparison - In the same industry, CBRE Group reported revenues of $8.39 billion for the quarter ended June 2024, reflecting an 8.7% year-over-year increase, with an EPS of $0.81 [15]. - CBRE is expected to post earnings of $1.06 per share for the current quarter, indicating a year-over-year change of 47.2% [16].

CHICAGO, Sept. 4, 2024 /PRNewswire/ -- JLL Income Property Trust, an institutionally-managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.6 billion in portfolio equity and debt investments, announced today that it has fully subscribed JLLX Diversified IV, DST. The $120 million program was structured as a Delaware Statutory Trust designed to provide 1031 exchange investors the opportunity to reinvest proceeds from the sale of appreciated real estate while also deferring taxes ...

Transparency improved globally in 2024, with Asia rising as a standout as markets make progress toward sustainability goals and AI adoption CHICAGO, Aug. 27, 2024 /PRNewswire/ -- Real estate transparency is more critical than ever in times of uncertainty, and markets emerging as the most transparent are pulling further ahead based on investments in technology integration and AI, data availability and sustainability. This is according to JLL and LaSalle's (NYSE: JLL) biennial, proprietary Global Real Estate ...