Jones Lang Lasalle Inc Stock Price, News & Analysis

Jones Lang LaSalle (NYSE: JLL) has scheduled a conference call for May 4, 2023, at 9 a.m. Eastern to discuss its first quarter 2023 results. Participants can join the call via phone at (888) 660-6392, using conference ID 5398158, or through a live webcast on the company’s Investor Relations website. The presentation slides will be available prior to the call. JLL reported annual revenues of $20.9 billion, operating globally in over 80 countries with a workforce exceeding 103,000 as of December 31, 2022. A replay of the webcast will be accessible for 12 months after the event.

Jones Lang LaSalle (NYSE:JLL) has appointed Laura Vallis as the new Head of Communications, effective April 3. Vallis comes with over 20 years of experience, having previously served as the Chief Communications Officer at Manulife and held key roles at Barclays and Dow Jones. In her new role, she will implement a globally integrated communications strategy to convey JLL's renewed brand promise: 'See a Brighter Way'. Chief Marketing Officer Siddharth Taparia emphasized Vallis's forward-thinking approach, crucial for enhancing JLL's narrative in technology and sustainability. JLL operates in over 80 countries with $20.9 billion in annual revenue.

JLL highlights the importance of collaboration between building owners and tenants to achieve sustainability goals through green leases. Their report, Green Leasing 2.0, suggests that the U.S. could save $3.3 billion annually if all leased office buildings adopted green leases. With 1.2 billion square feet of office and 2.5 billion square feet of industrial space set to expire before 2030, effective communication is crucial. JLL's research shows 42% of investors and 34% of occupiers currently implement green clauses, with plans to increase those numbers significantly by 2025.

JLL and KBS have signed a 15,187 square foot lease with HNTB at 60 South Sixth, a premier office building in Minneapolis. This move marks HNTB's relocation from the West End to the renovated downtown space. Since 2015, KBS has invested over $24 million in upgrades, with $6.5 million spent in 2022 alone. The building features modern amenities such as floor-to-ceiling windows, a high-end fitness center, and convenient dining options. Additionally, 60 South Sixth now offers fully furnished spec suites designed for hybrid work models, enhancing its appeal to prospective tenants.

JLL has announced the appointment of Andy Poppink as the new CEO of Markets Advisory, succeeding Greg O'Brien, who will transition to the role of Executive Chairman, Americas Markets Advisory, effective July 1, 2023. Poppink, previously CEO of EMEA Markets Advisory, will join the Global Executive Board and enhance JLL's global Markets Advisory strategy. O'Brien, who has successfully led JLL's Markets Advisory business, will focus on the Americas while continuing to support the company's growth and client relationships. JLL aims to leverage these leadership changes to strengthen its market position.

JLL has arranged a $310 million construction loan for Avia Labs at Millbrae Station, a groundbreaking life sciences development in California. Spanning 315,000 square feet, this project is notable for being the state's first all-electric life sciences facility. The six-story building aims for LEED Gold and Fitwel certifications, focusing on energy efficiency and tenant quality of life. Located on a 2.1-acre site, it complements the undersupplied North County submarket, which has a 1.8% vacancy rate. Longfellow Real Estate Partners is the borrower, with Otera Capital providing the financing.

Jones Lang LaSalle (NYSE: JLL) announced that CEO Christian Ulbrich will participate in a fireside chat at Citi's 2023 Global Property CEO Conference on March 6, 2023, at 7:55 a.m. ET. Additionally, CFO Karen Brennan will speak at the Raymond James Institutional Investors Conference on March 7, 2023, at 4:00 p.m. ET. Audio webcasts for both events will be available on JLL's Investor Relations website, with replays posted after each session.

JLL, a leading professional services firm in real estate and investment management, reported annual revenue of $20.9 billion, operating in over 80 countries with a workforce exceeding 103,000 as of December 31, 2022.