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Jones Lang LaSalle Incorporated (NYSE: JLL) is a global leader in commercial real estate and investment management services, with a history spanning over 200 years. Originating in the United Kingdom, JLL now operates in more than 80 countries and employs over 108,000 people. The company offers a comprehensive range of services to real estate owners, occupiers, and investors, including leasing, property and project management, and capital markets advisory.
Key Services:
- Leasing
- Property and Project Management
- Capital Markets Advisory
- Investment Management
JLL's investment management arm, LaSalle Investment Management, manages over $74 billion for clients across various real estate strategies. The company's strong global platform and local expertise make it a valuable partner in navigating complex real estate markets.
In recent performance highlights, JLL reported an operating income of $290.4 million for the fourth quarter of 2023, up from $254.7 million the previous year. The full year's operating income was $576.5 million, compared to $868.1 million in 2022. Despite economic uncertainties and elevated interest rates, JLL's resilient business lines such as Workplace Management and Property Management have shown significant growth.
JLL is also actively involved in sustainability through initiatives like the JLL Foundation, which supports startups focused on climate change mitigation. Furthermore, the company continues to expand its capabilities with strategic acquisitions, such as the recent addition of SKAE Power Solutions to enhance its data center technical services.
For further information, visit JLL Investor Relations.
JLL Technologies and OpenSpace have been awarded a contract by the U.S. General Services Administration's Public Buildings Service to provide 360° image capture technology for asset and project management across over 8,000 federal buildings. OpenSpace will serve as the enterprise-wide image capture solution, supporting all phases of building management. The partnership aims to enhance remote project management practices established during the pandemic. The initiative also seeks authorization under FedRAMP for cloud-based services.
JLL's Capital Markets group has successfully finalized the sale of a multi-housing community for $387.5 million. The property, located at 685 1st Ave. in Manhattan's Murray Hill, includes 408 market-rate units and 9,693 square feet of commercial space. Representing the seller, Solow Building Company, JLL procured the buyer, GO Partners, a joint venture led by Josh Gotlib and Meyer Orbach. Built in 2018, the 43-story building offers various amenities and is strategically situated near the United Nations Headquarters.
Jones Lang LaSalle (NYSE: JLL) will host a conference call on November 2, 2022, at 9 a.m. Eastern time to discuss its third quarter 2022 results. Investors can access the call by dialing (844) 200-6205 with conference ID 276969. A live webcast will be available on the company's Investor Relations website, with presentation slides provided prior to the event. A replay will be offered for 12 months after the call. JLL reported annual revenue of $19.4 billion with operations in over 80 countries.
Jones Lang LaSalle (NYSE: JLL) will host an Investor Briefing on November 16, 2022, in New York City. The event, featuring CEO Christian Ulbrich and CFO Karen Brennan, will discuss JLL's growth strategy and financial outlook. Beginning at 9:00 a.m. ET and concluding around noon ET, the briefing will be accessible via a live video webcast, with advanced registration recommended. A replay will be available the following day on JLL's Investor Relations website.
JLL has appointed Wenceslao Bunge and Jaime Riera to enhance its Capital Markets business globally. Bunge will serve as Global Co-Chair of Real Estate Investment Banking with a focus on EMEA, APAC, and Latin America, while Riera takes on the role of EMEA Head of M&A and Corporate Advisory. Both executives join JLL from Credit Suisse, bringing extensive investment banking experience. Their appointments aim to strengthen JLL's investment banking advisory capabilities amidst a volatile market, where strategic advice for real estate investors is critical.
Boomi has appointed Larry Quinlan, former CIO of Deloitte, to its Board of Directors as an independent non-executive member. Quinlan brings over 35 years of experience in driving innovation for Fortune 500 companies and technology organizations, including overseeing technology strategy for a $45B firm. He currently serves on the boards of ServiceNow and Jones Lang LaSalle. Boomi is recognized as a leader in the integration platform market, boasting the largest customer base among vendors and a global network of about 800 partners. This strategic addition is aimed at enhancing Boomi's leadership team.
Clarion Partners Real Estate Income Fund has expanded its portfolio by acquiring three fully leased warehouse and distribution buildings in Chino, CA, totaling 109,644 square feet. This acquisition underscores the fund's growth strategy in a high-demand distribution hub within the Inland Empire West, known for its strong logistics infrastructure. The properties are centrally located, providing efficient access to major highways and airports. The management team plans to invest in maintenance enhancements, reflecting a commitment to property quality and potential future revenue growth.
Tractor Supply Company (NASDAQ: TSCO) has announced the groundbreaking of its largest distribution center in Maumelle, Arkansas, investing $128 million. This 1.2 million-square-foot facility is expected to create nearly 500 full-time jobs and will service over 300 stores at full capacity. Designed for high energy efficiency, it aims for LEED Gold certification and features a rooftop solar array that will generate an estimated 6 million kW of electricity annually, achieving net-zero energy. Hiring for the new center will begin in October 2023.
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