Welcome to our dedicated page for Jones Lang Lasalle news (Ticker: JLL), a resource for investors and traders seeking the latest updates and insights on Jones Lang Lasalle stock.
Jones Lang LaSalle Incorporated (JLL) is a global leader in commercial real estate services and investment management, operating across 80+ countries. This page provides investors and professionals with verified press releases and news covering financial results, strategic partnerships, and operational developments.
Find authoritative updates on earnings announcements, property acquisitions, leadership appointments, and technology innovations. Our aggregation includes JLL's advancements in leasing transactions, capital markets activity, and sustainable real estate practices.
Bookmark this resource for direct access to JLL's latest initiatives in project management, market expansions, and client-driven solutions. Stay informed about the company shaping global real estate through localized expertise and digital transformation.
JLL's Capital Markets group secured $585 million in construction financing for the Allston LabWorks project in Boston, which will include 580,905 square feet of mixed-use space comprising lab, retail, and housing. Developed by a joint venture of King Street Properties, Brookfield, and Mugar Enterprises, the project features 534,000 square feet of lab space, 20,000 square feet of retail, and 35 housing units with 26% affordable housing. The location benefits from proximity to Harvard University and a robust life sciences market, which receives 30% of U.S. life sciences funding.
On July 26, 2022, JLL (NYSE: JLL) announced the acquisition of Berlin-based Envio Systems, enhancing its capabilities in smart and sustainable building operations. Envio specializes in integrating data from various building systems, utilizing predictive analytics to optimize operations. This move underscores JLL's commitment to addressing evolving workforce needs and promoting sustainability. The acquisition aims to create a differentiated platform, enhancing JLL's technology-enabled service delivery and supporting clients in managing their real estate with greater efficiency and flexibility.
Jones Lang LaSalle (NYSE: JLL) will announce its Q2 2022 earnings on August 3, 2022, at 7:30 a.m. Eastern Time. A live webcast and teleconference will follow at 9 a.m. Eastern Time, accessible via the Investor Relations website. JLL, a Fortune 500 company, reported annual revenue of $19.4 billion and operates in over 80 countries with a workforce exceeding 100,000. Registration for the call is recommended one day in advance or at least 10 minutes before the start. The webcast replay will be available for 12 months.
On July 6, 2022, JLL announced its acquisition of Metropolitan Valuation Services (MVS), enhancing its real estate valuation capabilities by adding 20 professionals to its existing team. MVS is a leading independent appraisal firm in the New York metropolitan area, specializing in various property types. The acquisition aims to strengthen JLL's services, particularly in multi-housing and sustainability initiatives, amidst a dynamic New York real estate market. This move positions JLL as a more formidable player, leveraging local expertise to cater to investors and lenders.
The Global Real Estate Transparency Index (GRETI) report by JLL and LaSalle highlights disparities in market transparency across the globe. While North America, Western Europe, and Australasia show progress, many countries lag behind. The report reveals sustainability as the primary driver of transparency improvements, with countries like Japan now classified as 'Highly Transparent.' Technological advancements are increasing data availability, while investments in alternative property sectors surged by 69% from 2019 to 2021. The GRETI assesses 254 indicators in 94 countries, emphasizing the importance of transparency for real estate investors.
On June 15, 2022, JLL announced the successful sale of a grocery-anchored retail portfolio for $278.153 million. This portfolio consists of eight properties totaling 687,000 square feet located in affluent markets such as Atlanta, Dallas, and Los Angeles. Currently, the portfolio is 88.5% leased with a weighted average lease term of 6.3 years. Major tenants include grocery giants like Whole Foods and Target. This transaction reflects strong national demand for well-located retail assets in key markets.
Jones Lang LaSalle (NYSE: JLL) announces the election of Larry Quinlan as a non-executive Board member, effective May 26, 2022. Quinlan, former CIO of Deloitte, brings over 33 years of experience in technology strategy, operations, and cybersecurity. He will contribute to the Audit and Risk, and Nominating, Governance & Sustainability Committees. Sheila Penrose, who has served on the board since 2002, will retire. Quinlan's expertise is expected to enhance JLL's technology initiatives. The company reported a revenue of $19.4 billion and has a global workforce exceeding 100,000.
Core Spaces and Tom Winkopp Development have announced a major joint venture to develop a 140-acre off-campus student village near Clemson University, featuring 4,000 beds and state-of-the-art amenities. This project expands upon the existing 1,400-bed facility called The Pier and aims to create a vibrant, walkable community for students. Construction is expected to elevate the area’s housing offerings and enhance the local economy. JLL Capital Markets facilitated the partnership, emphasizing the project's potential impact on Clemson's growth and student living experience.
