Jones Lang LaSalle, Inc. - JLL STOCK NEWS

JLL released a report titled 'Return on Sustainability', emphasizing the shift in how sustainability impacts real estate value. The report highlights that buildings meeting sustainability standards enjoy 6% rent and 7.6% sales premiums, while non-compliant properties face 'brown discounts'. Key findings from a survey indicate that 83% of occupiers see climate risk as financial risk, and 79% believe carbon reduction will be vital by 2025. The urgency for sustainability is underlined, calling for actions to avoid asset stranding and promote health-focused spaces.

Harbor Group International and Azure Partners have formed a joint venture to acquire the Jefferson Vista Canyon, a 480-unit luxury apartment community in Santa Clarita, Calif. The acquisition includes a $173 million floating rate loan arranged by JLL. This property is part of a larger 185-acre master-planned development that will encompass offices, retail spaces, and recreational amenities. The acquisition reinforces HGI's strategy of investing in dynamic markets with strong employment opportunities. This marks Azure's first investment in California, aiming for future growth in the western U.S.

JLL's Capital Markets Group has successfully arranged a $389.25 million refinancing for One Wilshire, a significant technology asset located in downtown Los Angeles. This 661,553-square-foot facility serves as a critical data center and is recognized as a major hub for telecommunications between the U.S. and Pacific Rim. The 10-year, fixed-rate loan from Goldman Sachs will facilitate the payoff of the current loan and allow for equity repatriation. One Wilshire is currently 89 percent leased, positioning it as a vital asset amid increasing demand for data center space.

JLL (NYSE: JLL) announced the acquisition of Hank, an AI-driven virtual engineering platform based in Sacramento, focused on optimizing building management systems. This acquisition aims to enhance energy efficiency, air quality, and tenant comfort while increasing net operating income (NOI) for real estate investors. Hank's technology integrates with existing building systems to provide automated management and maintenance solutions. The co-founders bring significant experience in sustainability, and Hank will continue to serve its customers under JLLT, offering innovative solutions to improve investment returns and sustainability goals.

On January 5, 2022, JLL announced the successful closure of a $330 million sale of Bloc 83, a new trophy office development in Raleigh, North Carolina. This transaction marks the largest single real estate deal in Downtown Raleigh's history. Bloc 83 comprises two Class A office towers that are currently 79% leased, housing tenants such as Envestnet and First Horizon Bank. The development, which features various amenities, is strategically located in the rapidly growing Glenwood South district.

Riverside Investment & Development and Convexity Properties have partnered with Canyon Partners Real Estate to develop the 30-story office tower, 1900 Lawrence, in Denver. Canyon has invested $80 million in preferred equity alongside a senior construction loan from Bank OZK. Construction is set to start in March 2022, aiming for completion in early 2024. The project will feature over 700,000 square feet of office space and 10,000 square feet of retail, designed with advanced technology and sustainability in mind, including features that prioritize tenant wellness.

FCP, in partnership with Abacus Capital and Big Cypress Capital, has signed an 11,850-square-foot lease with Clancy & Theys Construction Company for their new Charlotte office at 22EIGHTEEN Toomey. This relocation aims to foster innovation and collaboration within the company. The Quarter South End is undergoing rapid development, including a 77,362-square-foot adaptive reuse project and a new luxury apartment community. The first phase of the office spaces is expected to be completed in late Q1 2022.

JLL has appointed Kevin M. Davis as the Americas CEO of its Hotels & Hospitality division. With over 20 years of experience, he has been instrumental in over $20 billion of hotel financings since joining JLL in 2013. Previously at Merrill Lynch and UBS, he executed transactions exceeding $10 billion in diverse asset classes. This move underscores the significance of JLL's Capital Markets business. Additionally, Jeffrey Davis will spearhead new business development for Hotels & Hospitality, driving further growth in this sector.