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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 (NYSE: JLL) has agreed to acquire Skyline AI, a leading AI technology firm focused on transforming commercial real estate through machine learning. The acquisition aims to leverage Skyline AI's unique datasets and algorithms to enhance JLL's capabilities in property value prediction, cost savings, and investment analysis. Skyline AI's platform processes data from over 300 sources, enabling actionable insights for JLL clients. This strategic move follows JLL's previous investment in Skyline AI through its venture fund, JLL Spark.
Jones Lang LaSalle (NYSE: JLL) announced that CEO Christian Ulbrich will speak at the UBS Financial Services Virtual Conference on August 10, 2021, at 8 a.m. Eastern time. The event will be streamed live and accessible on the Investor Relations page. An audio replay will be available for 90 days after the event. JLL, a leading professional services firm in real estate and investment management, reported $16.6 billion in revenue for 2020 and operates in over 80 countries.
JLL announced a successful $421.8 million financing for the Piedmont Center, a 14-building, 2.2 million-square-foot office complex in Atlanta. The funding, arranged by JLL's Capital Markets group, will refinance existing debt and fund the acquisition of four additional buildings. Located in the Buckhead submarket, the complex features tenants from healthcare, technology, and professional services. Recent market trends showcase an overall 28.7% increase in U.S. office transactions, with Atlanta's leasing recovering to pre-pandemic levels. JLL's global Capital Markets team continues to drive robust opportunities in real estate.
Jones Lang LaSalle (NYSE: JLL) reported robust Q2 2021 results with consolidated revenue of $4.5 billion, up 22% year-over-year, and fee revenue rising 46% to $1.8 billion. This growth stemmed from strong recovery in Leasing and Capital Markets, nearly doubling prior-year revenues. Net income surged to $200 million, with diluted earnings per share reaching $3.82. JLL is increasing its 2021 Adjusted EBITDA margin target to 16%-19%, reflecting confidence in further growth. Share repurchases totaled $100 million through July.
Jones Lang LaSalle (NYSE: JLL) has appointed Ben Breslau as the Chief Research Officer, aiming to enhance the firm's global research capabilities. Breslau, a respected figure in real estate economics, will lead a team of over 450 professionals to deliver insights on global real estate trends. He has previously headed JLL's research team in the Americas and has collaborated with MIT on innovative tools like the MIT Tech Tracker. His appointment is expected to strategically strengthen JLL's research initiatives, ultimately benefiting clients and enhancing decision-making.
JLL has appointed Havas as its global partner for brand strategy and creative services following a competitive pitch process. Havas will enhance JLL's brand experiences and showcase its capabilities in real estate, focusing on technology and sustainability. The partnership, which begins immediately, aims to identify market opportunities and drive impactful brand engagement across the Americas, EMEA, and APAC. JLL, a Fortune 500 company with $16.6 billion in 2020 revenue, emphasizes its commitment to shaping the future of real estate.
JLL's new research predicts a continued rise in demand for logistics space globally over the next three years, driven primarily by e-commerce growth. The report indicates that logistics demand is expected to expand across various sectors, including express delivery and healthcare. However, limited land supply and increasing pressure for sustainability practices pose significant challenges. A survey of 720 logistics experts reveals that improving energy efficiency is a priority, with technology adoption being crucial for overcoming land and sustainability issues.
JLL has promoted Tony Lenamon to the position of Americas Head of Valuation Advisory, effective July 1, 2021. Lenamon, who joined JLL in January 2020, previously led the National Valuation Advisory Multi-Housing practice, achieving a 45% revenue increase in 2020. He aims to enhance client experiences by leveraging JLL's global expertise for local solutions. The role transition follows Blake Lacher's shift to focus on JLL's Energy Solutions. JLL operates with $16.6 billion in annual revenue and employs over 91,000 globally.
Jones Lang LaSalle (NYSE: JLL) will announce its Q2 2021 earnings on August 4, 2021, at 7:30 a.m. ET. Following the earnings release, a live webcast and teleconference will occur at 9 a.m. ET. Investors can register via the Investor Relations website. JLL reported $16.6 billion in annual revenue for 2020 and operates in over 80 countries with a workforce of more than 91,000.
JLL announced a $296 million refinancing deal for 321 N. Clark, a prime office tower in Chicago. The Capital Markets team facilitated this for a joint venture including Hines, American Realty Advisors, and Diversified Real Estate Capital. This five-year floating-rate loan was sourced through Nuveen Real Estate. The 35-story building, renovated in 2019 for $85 million, features modern amenities and a notable tenant roster, enhancing its appeal in Chicago's competitive market.
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