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.

CHICAGO , Oct. 5, 2023 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) will host a conference call and webcast to discuss third quarter 2023 results on Thursday, November 2, 2023, at 9 a.m. Eastern time.

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

Jones Lang (JLL) joins forces with Qmerit to install EV charging stations at its client properties nationwide, enabling them to meet their transportation electrification needs.

Jones Lang (JLL) & Qmerit Partner for EV Charging Installation

Appointment strengthens  the Hotels & Hospitality Group's leadership team LONDON , Oct. 4, 2023 /PRNewswire/ -- JLL today announced the appointment of Patrick Saade as Head of the JLL Hotels & Hospitality group Global Hotels Desk. Patrick joins the global Hotels & Hospitality leadership team that includes William Duffey in EMEA, Nihat Ercan in Asia Pacific and Kevin Davis in the Americas.

JLL names Patrick Saade Head of Global Hotels Desk

Groundbreaking arrangement will facilitate installs at commercial real estate properties AUSTIN, Texas , Oct. 3, 2023 /PRNewswire/ -- Mass usage of electric vehicles (EVs) will require widespread access to EV charging stations at commercial and multifamily residential properties. A new, groundbreaking agreement between real estate leader JLL and Qmerit – North America's provider of implementation solutions for EV charging and other energy transition technologies – will help advance that goal by facilitating and accelerating EV charging installations at JLL client properties nationwide.

JLL & Qmerit Come Together for Nationwide EV Charging Installations

Lower commercial real estate transactions amid macroeconomic uncertainties and high interest rates offer a bleak prospect for Jones Lang's (JLL) transaction-based businesses.

Lower Transactions to Hurt Jones Lang (JLL) Amid High Rates

JLL's Loan Sales and M&A teams led sales efforts for the medical office portfolio spanning 33 states across the U.S. NEW YORK , Sept. 19, 2023 /PRNewswire/ -- JLL's Capital Markets group announced today that as exclusive advisor to Synovus Financial Corp., it worked to arrange the sale of a $1.3 billion medical office loan portfolio to Kayne Anderson Real Estate.

JLL arranges $1.3b medical office loan portfolio sale on behalf of Synovus Financial Corp.

SEATTLE--(BUSINESS WIRE)---- $JLL #antitrust--A new antitrust class-action lawsuit accuses 18 property companies and Yardi Systems of colluding to fix the cost of rent, according to Hagens Berman.

Hagens Berman: Antitrust Lawsuit Accuses 18 Property Management Companies and Yardi Systems of Rent Price-Fixing Scheme Affecting Millions of Renters

Digital Realty Trust

Real estate investment trusts buy and manage commercial-scale properties. In recent years, the industry has repositioned for growth in residential housing.

How Wall Street's REIT giants are reshaping U.S. real estate

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.

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