Jones Lang Lasalle Inc - JLL STOCK NEWS

JLL (NYSE: JLL) has released its Global Office Fit-Out Costs Guide 2025, revealing that 59% of organizations globally plan to increase investment in space design over the next five years. The report analyzes data from 68 cities in 40 countries, showing that office fit-out costs have increased across all regions, with North America commanding the highest average at $3,070/sqm compared to the global average of $1,830/sqm.

Key findings indicate that builder works account for 37% of global fit-out costs, while Mechanical & Electrical expenses represent 20-45%. The study reveals growing demand for sustainable fit-outs, with 60% of markets reporting increased client inquiries. Despite economic uncertainties, companies are optimistic about growth, though challenges persist including labor shortages, material availability, and geopolitical instability.

JLL (NYSE: JLL) has received three prestigious awards from the International WELL Building Institute (IWBI) in 2024, reinforcing its position as the global leader in WELL services. The company earned the 2024 WELL AP Impact Award for having the most WELL Accredited Professionals and WELL Faculty globally.

Two JLL employees received individual recognition: Annalise Dum won WELL AP of the Year, and Melinda Mandla received the Changemaker Award. The company's Sustainability Consulting team has delivered over 105 million square feet of WELL-certified space for clients. As of 2024, JLL maintains 23 WELL-certified offices globally, with 15 achieving WELL Platinum certification, the highest possible rating.

These achievements build upon JLL's previous recognitions, including the 2023 Global WELL Leadership Award and WELL Concept Leadership Award, as well as multiple awards in 2022 including WELL Enterprise Provider of the Year.

Foot Locker has signed a long-term lease for its new global headquarters in St. Petersburg, Florida, securing 111,000 square feet at 570 Carillon Parkway. The Fortune 500 footwear and apparel retailer's relocation, first announced in Q3 2024, demonstrates its commitment to the Tampa Bay region.

The Class A office property, owned by The Feil Organization, is located in the prestigious Carillon Business Park and features extensive amenities including a café, fitness center, and 24/7 building access. The move aligns with Foot Locker's Lace Up Plan, aimed at fostering team connectivity and enhancing sneaker culture presence in the area.

St. Petersburg Mayor Kenneth T. Welch welcomed the company's investment in the local economy and workforce, while Foot Locker President Frank Bracken emphasized the metropolitan Tampa Bay area's potential for attracting top talent and connecting with the community.

JLL (NYSE: JLL) has announced its inaugural Global Property Expo, scheduled for July 18-20, 2025, at the Sands Expo & Convention Centre in Singapore. The event aims to connect international property developers with real estate investors, showcasing residential developments from Australia, Japan, the Middle East, the United States, and Europe.

The expo will feature two conference tracks focusing on sustainable property investment, PropTech integration, and smart city infrastructure. According to MSCI analysis, Singaporean investors led cross-border real estate transactions with $25.3 billion in international real estate investment in 2023, with per-capita spending exceeding U.S. figures by over 40 times. The Asia Pacific region experienced a 23% increase in real estate investment in 2024.

JLL (NYSE: JLL) has announced an agreement to acquire Javelin Capital, a North America-based renewable energy investment banking firm, strengthening its position in the clean energy sector. The acquisition will enhance JLL's U.S. Energy & Infrastructure Capital Markets capabilities, complementing its existing expertise in Europe and Asia where it has completed over 150 deals worth more than $20 billion in enterprise value.

Established in 2017, Javelin Capital's team of 16 employees, led by CEO Matt Eastwick, will join JLL's Capital Markets Americas business. The New York-based firm specializes in renewable energy, energy storage, and energy transition, offering M&A, restructuring, capital raising, debt, and corporate finance services.

The acquisition comes amid unprecedented growth in the clean energy sector, driven by increasing demand, tighter regulations, technological advancements, and favorable economics. According to JLL Research, clean energy is becoming the most cost-effective fuel choice across regions.

JLL (NYSE: JLL) has been named one of the 2025 World's Most Ethical Companies® by Ethisphere for the 18th consecutive year since 2008. The recognition highlights JLL's exceptional leadership and commitment to business integrity through ethics, compliance, and governance practices.

Among the 136 honorees from 19 countries and 44 industries in 2025, JLL stands out as one of only three honorees in the real estate industry and one of five companies recognized 18 times or more. The assessment, based on Ethisphere's Ethics Quotient®, required companies to provide over 240 proof points on ethical practices.

Notable achievements include the 2025 honorees outperforming a comparable index of global companies by 7.8 percentage points from January 2020 to January 2025. JLL's commitment to ethics, as highlighted by Chief Legal Officer Alan Tse, emphasizes trust, fairness, and accountability as fundamental elements of their operations and culture.

JLL has appointed Sean Coghlan as the new Head of Investor Relations, reporting to CFO Karen Brennan. Coghlan, who previously led Global Research & Strategy for Capital Markets, succeeds Brian Hogan, who served as interim lead for the past six months.

With JLL since 2010, Coghlan has held various leadership positions, including Head of Investor Research for the Americas. He currently serves on the Global Research Executive Board and the Expanded Global Capital Markets Board. Coghlan holds a Bachelor of Science in Economics from the Wharton School with concentrations in Real Estate and Management, and completed Masters-level coursework at the Rotterdam School of Management.

JLL Foundation, backed by JLL (NYSE: JLL), has invested $4.75 million in zero-interest loans to 18 climate-focused startups in 2024. The Foundation's circular funding model saw $1.5 million in loan repayments, while graduate companies attracted $49.4 million in additional funding.

The 2024 recipients join 47 companies that have received $11.7 million in 49 loans throughout the Foundation's history. Among the funded startups, 89% focus on built environment decarbonization, 50% on waste reduction, 28% on social impact, and 22% on water consumption reduction. The Foundation expanded its reach to 11 countries, including Brazil, India, Senegal, and Uganda.

Notable 2024 recipients include Mycocycle, Novoloop, Solarbox, Cyanoskin, and Courageous Land. The Foundation also appointed Erin Meezan as Executive Director, effective January 1, 2025, while maintaining her role as JLL's Chief Sustainability Officer.

JLL (NYSE: JLL) reported strong financial results for Q4 and full-year 2024, with significant growth in both revenue and earnings. Q4 revenue reached $6.8 billion, up 16% in local currency, with Transactional revenues up 22% and Resilient revenues up 13%. Full-year revenue increased to $23.4 billion, up 13% from 2023.

Q4 diluted earnings per share were $4.97, up $1.40 from prior year, while adjusted diluted EPS was $6.15, up $0.79. For the full year, diluted EPS reached $11.30, up $6.63 from 2023, with adjusted diluted EPS at $14.01, up $3.62.

Capital Markets achieved 32% growth with strong momentum in investment sales and debt advisory. Work Dynamics delivered its fourth consecutive quarter of double-digit growth. The company generated $785 million in operating cash flows in 2024, an increase of $210 million over 2023.