Jones Lang LaSalle

Jones Lang LaSalle, Inc. engages in the provision of professional services which specialize in real estate and investment management. It operates through the following geographic segments: Americas, Europe, Middle East and Africa (EMEA, Asia Pacific, and LaSalle Investment Management (LaSalle). The Americas, EMEA, and Asia Pacific segments provide leasing, capital markets, integrated property and facility management, project management, advisory, and transaction services. The LaSalle segment offers investment management services on a global basis to institutional investors and high-net-worth individuals. The company was founded by Richard Winstanley in 1783 and is headquartered in Chicago, IL.

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Jones Lang LaSalle (JLL) reports Q4 challenges, eyes 2023 recovery

JLL faced challenges in Q4 with declines in fee revenue and adjusted EBITDA, but saw strength in retail, hotel, and industrial sectors.
Cost actions were taken to mitigate impacts, and the company plans to focus on improving free cash flow and capital allocation in 2023.
Executives are optimistic about a recovery in capital markets activity and emphasize strategic investments in technology and cost management.
Despite short-term challenges, JLL's focus on resilient business lines and return on invested capital positions it for long-term growth and stability.

JLL faces revenue decline but eyes recovery in growth sectors

JLL navigated a tough Q1 marked by revenue and EBITDA declines, but cost-saving measures and focus on key sectors demonstrate resilience and strategic planning.
Despite challenges in the commercial real estate market, JLL remains optimistic about potential recovery and opportunities in growth segments like industrials and multifamily.
The reinstatement of the share repurchase program, cashflow positivity commitment, and operational efficiency efforts underscore JLL's determination to weather market headwinds.

Jones Lang LaSalle (JLL) faces market challenges but showcases tech innovation

JLL's Q2 2023 performance reflected challenges in global real estate markets but highlighted strengths in technology innovation and stable industrial sector fundamentals.
The company faces uncertainties with incentive fees and market conditions but has opportunities to leverage increased capital markets activity and enhance transparency.
Cost reduction actions and focus on free cash flow demonstrate JLL's commitment to financial discipline and operational efficiency amidst market challenges.
Investors should monitor JLL's performance closely, considering the potential impact of market dynamics on revenue streams and financial results.

Jones Lang LaSalle (JLL) reports resilient Q3 performance amidst market challenges

Jones Lang LaSalle (JLL) navigated challenges in the global real estate market with resilience, showcasing strength in diversified business segments like Work Dynamics and JLL Technologies.
Despite a decline in fee revenue and adjusted EBITDA, JLL's focus on financial discipline and efficiency positions the company well for future growth opportunities.
While facing headwinds in certain segments, JLL's outlook remains positive, with a continued emphasis on profitability and strategic adjustments to drive performance.

JLL reports strong Q4 performance amidst market challenges and opportunities

JLL's Q4 performance showcased strength in fee revenue growth and strategic team additions.
Challenges in industrial leasing and capital markets were balanced by resilient advisory revenue.
Opportunities lie in growing client interest, operational efficiency improvements, and green shoots in the market.
Overall, JLL remains cautiously optimistic about the commercial real estate landscape for 2024.

Jones Lang LaSalle (JLL) reports robust Q1 results, eyes market opportunities

Jones Lang LaSalle (JLL) delivered a strong performance in Q1 2024 with revenue growth, improved EBITDA, and EPS.
While facing challenges in certain segments, the company showcased resilience and adaptability to market conditions.
Opportunities in gaining market share, strategic adjustments, and maintaining operational efficiency are key focus areas for JLL.
Overall, JLL's performance, strengths, and opportunities position it well for future growth and success.

Jones Lang LaSalle (JLL) reports strong Q2 earnings and strategic growth plans

Jones Lang LaSalle (JLL) showcased robust financial performance in Q2 2024, driven by revenue growth and profitability improvements.
While facing challenges in certain segments, JLL demonstrated resilience and strategic focus on core business lines and financial discipline.
The company's strategic initiatives to manage leverage, explore growth opportunities, and enhance shareholder value position it well for future success.

Jones Lang LaSalle (JLL) reports robust Q3 results and eyes 2025 growth in real estate markets

Jones Lang LaSalle (JLL) delivered strong financial performance in Q3 2024, with a focus on enhancing leasing offerings and operational efficiency. The company raised its full-year adjusted EBITDA target range and expects continued momentum in 2025, especially in real estate capital markets.

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Jones Lang LaSalle, Inc. engages in the provision of commercial real estate and investment management services. It operates through the following segments: Market Advisory, Capital Markets, Work Dynamics, JLL Technologies, and LaSalle. The Markets Advisory segment offers real estate services such as agency leasing and tenant representation, property management, advisory, and consulting services. The Capital Markets segment is composed of investment sales, debt and equity advisory, value and risk advisory, and loan servicing. The Work Dynamics segment provides services to occupiers of real estate, including facility and project management, as well as portfolio and other services. The JLL Technologies segment refers to software products, solutions, and services. The LaSalle segment focuses on investment management services on a global basis to institutional investors and individuals. The company was founded by Richard Winstanley in 1997 and is headquartered in Chicago, IL.

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Amid the rising trend of outsourcing of real estate needs by companies, Jones Lang (JLL) to operate Rolls-Royce's global facilities management operations in six countries.

Jones Lang (JLL) to Manage Rolls-Royce's Global FM Operations

NASHVILLE, Tenn. , Aug. 30, 2023 /PRNewswire/ -- Canyon Partners Real Estate LLC ("Canyon") and J.P.

Canyon Partners Provides $174.6 Million Senior Loan for Recapitalization of Nashville Office Tower

Will provide services across Rolls-Royce's real estate portfolio in six countries LONDON , Aug. 29, 2023 /PRNewswire/ -- JLL has been appointed by Rolls-Royce, the multinational power and propulsion business, to run global facilities management (FM) operations across the company's real estate portfolio in China, Germany, India, Singapore, the United Kingdom and the United States. As part of the long-term contract starting February 2024, JLL will operate as Rolls-Royce's exclusive strategic global FM partner across 15 million square feet of manufacturing, warehouse and office space at 44 sites in six countries.

JLL appointed as global real estate facilities manager by Rolls-Royce

Jones Lang LaSalle (JLL) Q2 earnings lag estimates on poor transaction-based businesses' performance. However, it benefits from the continued strength of its resilient lines of business.

Jones Lang LaSalle (JLL) Q2 Earnings Miss, Revenues Fall Y/Y

Jones Lang LaSalle (JLL) came out with quarterly earnings of $0.50 per share, missing the Zacks Consensus Estimate of $2.20 per share. This compares to earnings of $4.48 per share a year ago.

Jones Lang LaSalle (JLL) Q2 Earnings Lag Estimates

Resilient business line revenues drove performance as pullback in transaction activity continued into Q2 CHICAGO , Aug. 3, 2023 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating income of $149.2 million for the second quarter of 2023. Diluted earnings per share were $0.05 and adjusted diluted earnings per share1 were $0.50 for the quarter; both included a loss of $1.69 per diluted share associated with equity losses.

JLL Reports Financial Results for Second-Quarter 2023

JLL GPT™ will provide private, secure generative AI model to amplify insights and client outcomes SAN FRANCISCO, Aug. 1, 2023 /PRNewswire/ -- JLL (NYSE: JLL) today announced JLL GPT™, the first large language model purpose-built for the commercial real estate (CRE) industry. Developed by JLL Technologies (JLLT), the technology division of JLL, the bespoke generative artificial intelligence (AI) model will be used by JLL's 103,000+ workforce around the world to provide CRE insights to clients in a whole new way.

JLL unveils first GPT model for commercial real estate

As China's economic recovery continues to underwhelm, observers' sights are turning from the country's intractably weak consumer sector to the more worrying downturn in the enormous Chinese real-estate market.

China's property woes offer a window into the demise of the country's boom times

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U.S. equity markets advanced to their highest levels of the year on an "inflation week" rally after the closely-watched CPI and PPI reports showed a continued sharp cooldown in price pressures. Closing at the highest levels since April 2022, the S&P 500 advanced 2.4% this week, while the other major equity benchmarks - the Mid-Cap 400 and Small-Cap 600 - gained 3%. Real estate equities- the sector with perhaps the most potential upside from a "soft landing" scenario- were among the leaders for a third straight week. The Equity REIT Index gained 2.9%.

Stick The Soft Landing

CHICAGO , July 11, 2023 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) will host a conference call and webcast to discuss second quarter 2023 results on Thursday, August 3, 2023, at 9 a.m. Eastern time.

JLL Announces Details of Second Quarter 2023 Earnings Release and Conference Call

UDR forms a $510 million joint venture with LaSalle to seize high-quality communities with operational upside.

UDR Partners With LaSalle for a $510M Joint Venture Deal

JLL's Capital Markets group arranges refinancing for 503,484-square-foot entertainment and retail destination PITTSBURGH , June 28, 2023 /PRNewswire/ -- JLL's Capital Markets group announced today that it has arranged a $425 million refinancing for Miracle Mile Shops, a 503,484-square-foot entertainment and retail destination located at the center of the Las Vegas Strip. JLL worked on behalf of the borrowers, IMI Miracle Mall LLC and IMI Miracle Harmon LLC, which are indirect subsidiaries of Institutional Mall Investors LLC, a co-investment venture between an affiliate of Miller Capital Advisory, Inc. and California Public Employees' Retirement System, to secure a five-year, fixed-rate CMBS loan.

$425M refinancing secured for Miracle Mile Shops on Las Vegas Strip

Report highlights achievements in climate action, healthy spaces and inclusive places CHICAGO , June 27, 2023 /PRNewswire/ -- JLL (NYSE: JLL), released its 2022 ESG Performance Report, summarizing significant progress on its goal to transition its spaces to net-zero and achieve the 2030 World GBC Net Zero Carbon Buildings Commitment. JLL also reports it is on track to achieve key diversity commitments.

JLL details progress on sustainability and diversity commitments in 2022 ESG Performance Report

The Enterprise Research Campus will feature 900,000 square feet of premier lab, residential, hospitality and retail space in Allston, Massachusetts BOSTON , June 22, 2023 /PRNewswire/ --  JLL's Capital Markets group announced today that it has arranged a $750 million construction loan for the first phase of the Enterprise Research Campus, a 900,000-square-foot, mixed-use development just minutes from Harvard University in Allston, Massachusetts. The $750 million loan represents one of the country's largest construction loans closed year-to-date 2023.

JLL arranges $750M construction loan for a mixed-use project near Harvard University

The 734,000-square-foot development features a pioneering design unlike any other multi-story industrial product in New York City NEW YORK , June 21, 2023 /PRNewswire/ -- JLL Capital Markets announced today that it arranged the $354 million total capitalization for 28-90 Review Ave., a 4.03-acre, industrial development totalling 734,000 square feet in Long Island City, New York.

JLL arranges $354M total capitalization for Long Island City industrial project

Impact investments catalyze efforts to mitigate the effects of climate change and achieve a more sustainable future CHICAGO , June 21, 2023 /PRNewswire/ -- JLL Foundation, a non-profit founded and backed by JLL (NYSE: JLL), today published its inaugural Annual Report, recapping its activities for 2022 as an impact investor focused on climate change and the built environment.    In its first year of operation, JLL Foundation partnered with 15 entrepreneurial companies to further their mission of mitigating the impact of climate change.

JLL Foundation supports 15 climate-impacting startups in its first year

Keeping up with its sustainability goals, Jones Lang LaSalle (JLL) launches Decarbonization Strategy for companies to achieve their decarbonization targets via a services and purpose-built software.

Jones Lang (JLL) Unveils Tech Solution to Meet Carbon Goals

Combines sustainability strategy, services and purpose-built software to help companies achieve their decarbonization goals CHICAGO , June 14, 2023 /PRNewswire/ -- JLL (NYSE: JLL) today announced decarbonization consulting services and purpose-built technology designed specifically for the commercial real estate industry. The offering, Decarbonization Strategy, helps corporate real estate owners and investors understand their carbon footprint and develop a data-driven investment roadmap to create and protect value across their real estate portfolio.

JLL Launches CRE Decarbonization Solution

267 Bond St. / 510 Sackett St . will consist of two towers, 517 residential units and 10,000 square feet of retail in Gowanus, Brooklyn NEW YORK , June 9, 2023 /PRNewswire/ -- JLL's Capital Markets group announced today that it has secured the $520 million capitalization for the development of Sackett Place and Society Brooklyn, an under-construction, two-tower, 21-story luxury waterfront mixed-use community with 517 multi-housing units and 10,000 square feet of retail in Gowanus, Brooklyn.

JLL arranges $520M capitalization for waterfront mixed-use development in Brooklyn

CHICAGO , June 6, 2023 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) announced today that CEO Christian Ulbrich and CFO Karen Brennan are scheduled to present at William Blair's 43rd Annual Growth Stock Conference on Thursday, June 8, 2023, at 8:00 a.m. Central Time.

JLL Announces Participation in William Blair's 43rd Annual Growth Stock Conference

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Despite short-term challenges, central business districts are well-positioned to capitalize on their strengths to become resilient, multi-purpose destinations and attract investment CHICAGO , May 25, 2023 /PRNewswire/ -- Cities globally are at an inflection point, navigating structural changes to how people live and work due to the pandemic. JLL's (NYSE: JLL) new The Future of the Central Business District report explores how cities are adapting to these changes and how the public and private sector can collaborate to help central districts remain relevant for residents, visitors, businesses and investment.

Central cities are ripe for reinvention in the aftermath of the pandemic

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Debt on trophy office buildings is starting to buckle as loans come due

The secured loan will help complete the 122-acre Palmeraie development, which includes The Ritz-Carlton Paradise Valley and The Ritz Carlton Residences SAN DIEGO , May 15, 2023 /PRNewswire/ -- JLL's Capital Markets group announced today that it has arranged a $585 million refinancing for The Ritz-Carlton Paradise Valley, The Ritz Carlton Residences and The Palmeraie in Paradise Valley, Arizona. JLL worked on behalf of the borrower, Five Star Development, in securing the loan with Madison Realty Capital.

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