Jones Lang LaSalle(JLL)

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JLL Income Property Trust Fully Subscribes $158 Million Diversified DST
Prnewswire· 2025-05-28 16:00
CHICAGO, May 28, 2025 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.5 billion in portfolio equity and debt investments, announced today that it has fully subscribed JLLX Diversified VIII, DST. The $158 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 tax ...
仲量联行:4月香港甲厦租赁市场录得正净吸纳量 但租金继续呈下降趋势
智通财经网· 2025-05-27 06:14
Group 1: Office Leasing Market - The overall Grade A office leasing market recorded a positive net absorption of 39,700 square feet in April after a negative absorption in March, with a stable vacancy rate of 13.7% [1] - The demand for office leasing is primarily driven by relocations for office upgrades, with The Payment Cards Group Limited leasing 12,100 square feet in Tsim Sha Tsui [1] - Certain industries, particularly finance, insurance, and education, are actively seeking office space, indicating a rising demand in specific sectors [1] Group 2: Rental Trends - Despite the stable vacancy rate, overall rental prices continued to decline, with a slight monthly decrease of 0.5% in April, marking the 36th consecutive month of rental decline since May 2022 [2] - Central and East Hong Kong recorded minor rental declines of 0.4% and 0.6% respectively, while other major districts also experienced similar decreases [2] Group 3: Residential Market - The overall residential transaction volume increased by 6.1% month-on-month in April, with the secondary market transactions rising to 4,080, indicating a recovery in demand [2] - The primary market transactions decreased to 1,614, but the performance remained strong due to the successful launch of several large projects [2] - A decrease in the one-month HIBOR by 3.36 percentage points to 0.59% as of May 26 is expected to alleviate pressure on mortgage borrowers, potentially boosting the residential market [2]
JLL names Catherine Clay to its Board of Directors
Prnewswire· 2025-05-21 14:15
CHICAGO, May 21, 2025 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) announced that Catherine Clay was elected as an independent, non-executive member of its Board of Directors effective May 21, 2025. She initially will serve as a member of the Audit and Risk, Compensation, and Nominating, Governance and Sustainability Committees. Catherine Clay, JLL Clay brings extensive experience in derivatives markets, digital assets, data analytics and financial technology to the JLL Board. Currently, ...
仲量联行:2024年香港写字楼装修成本位居亚太区第4位
智通财经网· 2025-05-20 08:52
Group 1 - The average design and construction cost for office buildings in Hong Kong is expected to remain stable at $133 per square foot in 2024, ranking 28th globally and 4th in the Asia-Pacific region [1] - Despite an increase in labor costs last year, stable material costs and intensified competition among contractors have kept the costs unchanged, with expectations of a significant reduction in costs by 2025 [1][2] - Companies in the Asia-Pacific region show a strong willingness to increase investment in office renovations, with 74% of Indian and 72% of Australian firms planning to invest more in space design and renovations over the next five years, surpassing the global average of 59% [1] Group 2 - The average renovation cost for office buildings in the Asia-Pacific region is $136 per square foot, the lowest globally, reflecting a growing emphasis on technology integration and hybrid work models [2] - There is a notable increase in investment in audiovisual and technology equipment in the Asia-Pacific region, indicating a focus on enhancing efficiency to support hybrid work environments [2] - 66% of global companies plan to increase investments in sustainable performance over the next five years, with mechanical and electrical services accounting for a significant portion of renovation costs in the Asia-Pacific region [2] Group 3 - The supply gap for Grade A office buildings is expected to widen, leading to a focus on lease renewals and upgrading existing spaces as alternative solutions [3] - The ongoing supply constraints are anticipated to result in more suitable renovation projects in the Asia-Pacific region [3] - Early planning for lease arrangements and decisive investments in existing properties will be beneficial for owners and tenants in managing costs effectively amid uncertain economic and geopolitical conditions [3]
JLL arranges $650M refinancing for One Congress on behalf of Carr Properties and National Real Estate Advisors
Prnewswire· 2025-05-19 12:22
One Congress is Boston's newest trophy office asset, standing 43 stories tall and achieved 100% pre-leasing 12 months ahead of building completion BOSTON, May 19, 2025 /PRNewswire/ -- JLL's Capital Markets group announced today that it has arranged a $650 million refinancing for One Congress, a recently delivered, trophy office building totaling 1,008,000 square feet in Boston, Massachusetts.JLL worked on behalf of the borrowers, Carr Properties ("Carr") and National Real Estate Advisors ("National"), to ar ...
JLL Income Property Trust Declares 54th Consecutive Quarterly Dividend
Prnewswire· 2025-05-13 16:00
Core Points - JLL Income Property Trust declared a second-quarter dividend of $0.1575 per share, marking the 54th consecutive dividend payment to stockholders [1][2][3] - The annualized gross dividend equates to $0.63 per share, representing a yield of approximately 5.5% based on a NAV per share of $11.41 as of March 31, 2025 [2][3] - Over its 13-year history, the company has increased its dividend nine times, averaging an annual increase of 4.0%, providing inflation-hedging income to stockholders [3] Dividend Details - The dividend is payable on or around June 27, 2025, to stockholders of record as of June 24, 2025 [2] - A first-quarter 2025 dividend of $0.1575 per share was paid on March 28, 2025, to stockholders of record as of March 25, 2025 [3] - The net dividend per share varies by share class due to specific fees, with the M-I Share and A-I Share receiving $0.1575, while M Share and A Share receive lower amounts after fees [4] Company Overview - JLL Income Property Trust is an institutionally managed daily NAV REIT with approximately $6.5 billion in portfolio equity and debt investments [1][5] - The trust focuses on a diversified portfolio of high-quality, income-producing real estate investments across various sectors, including residential, industrial, retail, healthcare, and office [6] - The company aims to further diversify its real estate portfolio, potentially on a global scale [6]
JLL Income Property Trust Announces Q1 2025 Earnings Call
Prnewswire· 2025-05-08 16:00
CHICAGO, May 8, 2025 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.5 billion in portfolio equity and debt investments, will hold a public earnings call on Wednesday, May 14, 2025 at 9:00 AM CT to review first quarter operating and financial results. Allan Swaringen, Chief Executive Officer, and Gregg Falk, Chief Financial Officer, will present an overview of recent economic events that directly influence t ...
仲量联行:首季度亚太区地产投资同比增长20% 香港受利息高企表现较平淡
智通财经网· 2025-05-08 05:53
智通财经APP获悉,仲量联行的数据和分析显示,第一季度亚太区商业地产投资同比增长20%至363亿 美元,创下2022年加息周期启动以来最高首季投资额。即使面对关税压力,该区仍连续六个季度录得同 比增长。除工业及物流地产外,所有地产领域的投资均有所增加,反映投资者持续依据客观的基本面分 析作出理性决策。 香港首季成交价逾5,000万港元的商业物业,成交总额达8.5亿美元,同比减少17.8%。受利息高企所影 响,上季投资市况仍然较为淡静,买卖交投主要由拍卖盘支撑。投资者对入市仍然审慎,由于核心物业 的融资借贷成本利率已超过5%,普遍投资者要求物业的租金回报率至少达6%或以上。 美国关税政策料将对多国经济造成冲击,包括拖累国内生产总值(GDP)增长,其中越南、马来西亚、韩 国等高度依赖对美出口的市场预计将受到最严重的打击。随着增长预期下调及经济衰退风险增加,所有 商业地产的租赁与投资活动恐将受到影响。就业增长将影响写字楼需求,而消费支出则拖累零售额,进 而影响商铺租赁表现。 物流地产同样面临冲击,贸易活动减少或分销路线改变将影响仓储需求。例如,名古屋港(日本货运量 最大的港口)周边的仓库,由于当地约有35%的汽车零 ...
Jones Lang LaSalle(JLL) - 2025 Q1 - Quarterly Report
2025-05-07 18:02
United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-Q ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission File Number 1-13145 Jones Lang LaSalle Incorporated (Exact name of registrant as specified in its charter) Maryland 36-4150422 (State or other ...
Jones Lang's Q1 Earnings Beat Estimates, Revenues Rise Y/Y
ZACKS· 2025-05-07 17:10
Jones Lang LaSalle Incorporated (JLL) reported first-quarter 2025 adjusted earnings per share (EPS) of $2.31, which beat the Zacks Consensus Estimate of $2.02. The reported figure increased from the prior-year quarter’s $1.78.Results reflect better-than-anticipated revenues. The company’s transaction-based businesses witnessed growth, driven by major asset classes like Leasing and Investment Sales, Debt/Equity Advisory. Its resilient revenue business lines also continued to deliver strong growth, led by Wor ...