SAN DIEGO, July 8, 2024 /PRNewswire/ -- JLL's Capital Markets group announced today that it arranged a $430 million refinancing for Fairmont Austin, a 37-story luxury hotel in downtown Austin. Fairmont AustinFairmont Austin "This significant financing, facilitated by JLL and Goldman Sachs, underscores our commitment to delivering exceptional hospitality experiences through our 100% ownership of the hotel. The funds will support the continued growth and enhancement of this premier property, ensuring it remai ...

The Notes will be sold in the U.S. commercial paper market under customary market terms. The Notes will be issued by Jones Lang LaSalle Finance B.V., a wholly-owned subsidiary of JLL, and are fully and unconditionally guaranteed by the Company. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can generally identify forward-looking statements by the use of ...

Interest Rate Forecasts (JLL Global Market Report) Data centers have become an important sector for JLL, with the development of this sector coming at an important time in the wake of the decline in office development globally. Data center development has been gaining momentum in recent years, particularly in the USA, where Q1 2024 inventory increased 24% YoY. Additionally, Europe has become an increasingly important market, with growth of 20% YoY. In the data center space, JLL supports their clients in sit ...

The industry's positioning in the top 50% of the Zacks-ranked industries is a result of the upward earnings per share outlook for the constituent companies in aggregate. Looking at the aggregate earnings per share estimate revisions, it appears that, of late, analysts are gaining confidence in this group's growth potential. Over the past year, the industry's earnings per share estimates for 2024 and 2025 have moved 7.9% and 4.9% north, respectively. Jones Lang LaSalle Incorporated: Headquartered in Chicago, ...

Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times. It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style ...

The Diplomat is an award-winning, 1,000-key beachfront resort in Hollywood, Florida JLL was also involved in the 2023 sale of the resort to Trinity and funds advised by UBS Asset Management, which represented the third largest single-asset hotel sale ever in the U.S. at the time. The South Florida lodging industry saw a tremendous recovery post-Covid making it one of the best-performing hotel markets in the country, benefitting significantly from an increase in leisure travel, recovery of group demand and t ...

CHICAGO, June 11, 2024 /PRNewswire/ -- Cresset Real Estate Partners today announced the formation of a joint venture with EMBREY to develop a 395-unit multi-housing development in Englewood, Colorado, consisting of a 361-unit mid-rise apartment building and seven townhome buildings consisting of 34 townhome units in total. The project is the most recent in Cresset's second Qualified Opportunity Zone fund, Cresset Diversified QOZ Fund II ("Fund II"). Located at 4150 South Navajo, the project will cover more ...

A month has gone by since the last earnings report for Jones Lang LaSalle (JLL) . Shares have added about 3.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Jones Lang LaSalle due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Jones Lang's Q1 Earnings & Revenues B ...

CHICAGO, June 5, 2024 /PRNewswire/ -- JLL Income Property Trust, an institutionally-managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with nearly $7 billion in portfolio equity and debt investments, announced today that it has fully subscribed JLLX Diversified III, DST. The $95 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, maintai ...

CHICAGO, May 22, 2024 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) announced that Susan Gore was elected as an independent, non-executive member of its Board of Directors effective May 22, 2024. She will serve as a member of the Audit and Risk and Nominating, Governance and Sustainability Committees. Susan Gore, JLLSusan Gore, JLL Gore brings more than 30 years of accounting, auditing and finance experience to the JLL Board. Gore held various leadership roles at PriceWaterhouseCoopers LLP (Pw ...