Jones Lang Lasalle Inc Stock Price, News & Analysis

JLL announced the promotion of Laura Adams to Chief Human Resources Officer (CHRO), effective July 1, succeeding Mary Bilbrey, who has led HR for six years. Adams, a member of JLL since 2005, brings extensive experience in aligning HR strategies with business goals. JLL's CEO, Christian Ulbrich, praised Bilbrey's contributions and highlighted Adams as a strong fit for the role. The company's executive board will also see Adams join its ranks, emphasizing the continuity and commitment to strategic HR transformation.

The RMR Group Inc. has announced the redevelopment of Unison Elliott Bay in Seattle, transforming three buildings into over 300,000 square feet of Class A office and life science lab space with wellness-focused amenities. Designed for flexibility, it features customizable floor plates and advanced lab infrastructure. Managed by RMR, the project targets completion in early 2023, catering to rising demand from tech and life science sectors. The location is near key parks and dining, enhancing its appeal to potential tenants.

JLL (NYSE: JLL) will have its Chief Financial Officer, Karen Brennan, at the Raymond James Annual Institutional Investors Conference on March 7, 2022, at 2:15 p.m. EST. A live audio webcast will be available on the company's Investor Relations website, with a replay accessible for 180 days post-event. JLL, a global leader in real estate and investment management, reported revenue of $19.4 billion and operates in over 80 countries.

On February 22, 2022, JLL announced Nashunda Williams as the new Head of Diversity, Equity, and Inclusion (DEI). Reporting to CEO Christian Ulbrich, Williams will focus on executing the company's DEI strategy over the next 24 months. With six years at JLL, her previous roles include technology advisor and IT business partner. Williams aims to enhance the DEI culture within JLL, continuing the work of Ingrid Jacobs, the prior head of DEI. JLL, a Fortune 500 company, reported $16.6 billion in revenue in 2020, with operations in over 80 countries.

The Preiss Company has begun developing Signature Music Row, a 105-unit multifamily housing project in Nashville, Tennessee, marking its first entry into the Nashville market. This project is in partnership with Speedwagon Capital Partners and includes additional loan contributions from First Horizon, with JLL Capital Markets facilitating the debt arrangements. The development features various residential units and is strategically located near Vanderbilt University, amidst a thriving local economy bolstered by job growth from major companies like Amazon and Oracle.

On February 14, 2022, JLL announced securing a $260 million loan for the East Market project in Philadelphia, a mixed-use development consisting of residential, retail, office, and parking facilities. The funding was arranged through Pacific Life Insurance Company and represents a partnership involving National Real Estate Advisors, JOSS Realty Partners, SSH, and Young Capital. Once completed, the project is expected to generate over $1 billion in new investments and will feature more than one million square feet of development, reshaping the Market East neighborhood.

On February 3, 2022, GRIT, a joint venture of six firms, announced a partnership with JLL to market the Bronzeville Lakefront megadevelopment in Chicago. This multibillion-dollar project aims to revitalize the 100-acre site, providing mixed-income housing, retail, office spaces, and a life sciences hub. The first phase includes the Bronzeville Innovation Center, focusing on healthcare startups, and expects to generate $8.2 billion in economic impact. JLL was chosen for its commitment to diversity and expertise in complex commercial real estate.

JLL has appointed Christian Whitaker as the new Global Head of Sustainable Operations, overseeing its Energy and Sustainability Services organization. This role aims to enhance JLL's unified sustainability strategy, assisting clients in decarbonization and achieving environmental goals. Whitaker, with over 20 years in energy and sustainability, previously served at Siemens, where he led global energy services. His appointment aligns with JLL's commitment to providing innovative sustainability solutions as governments and businesses target ambitious environmental objectives.