Delivering client outcomes by unifying similar capabilities and putting best-in-class intelligence into action

CHICAGO, Sept. 24, 2024 /PRNewswire/ -- JLL today announced it will bring together all building operation groups to address client needs and the changing dynamics of the real estate industry. 

"In addition to the benefits of operating and reporting similar service offerings together, we expect greater synergy and better client value by aligning real estate management activities globally," said Christian Ulbrich, President and Chief Executive Officer of JLL. "This is a prime example of our ongoing commitment to adapt to best serve our clients' evolving needs."

ABU DHABI, UAE, Sept. 18, 2024 /PRNewswire/ -- Secondcell Bio, a U.S. BioTech company scaling-up the its platform technology invented at The Rockefeller University in the United Arab Emirates, is pleased to invite U.S. and international BioTech owners and executives to participate in the inaugural UAE BioTech Symposium, in partnership with AmCham Abu Dhabi's BioTech Committee and Masdar City, taking place on November 6-8, 2024 in Masdar City, Abu Dhabi.

JLL's Future of Work Survey uncovers new opportunities for corporate real estate as two-thirds of business leaders expect their CRE budget to increase between now and 2030

CHICAGO, Sept. 9, 2024 /PRNewswire/ -- Despite the challenging commercial real estate landscape and mixed economic environment, global business leaders are bullish on the future, with two-thirds (65%) expecting their CRE budgets to increase between now and 2030, as revealed in JLL's (NYSE: JLL) Future of Work survey. The biennial, global survey explores the evolving world of work by assessing the key priorities, challenges and strategies that are top of mind for more than 2,300 business and CRE decision makers.

Transparency improved globally in 2024, with Asia rising as a standout as markets make progress toward sustainability goals and AI adoption

CHICAGO, Aug. 27, 2024 /PRNewswire/ -- Real estate transparency is more critical than ever in times of uncertainty, and markets emerging as the most transparent are pulling further ahead based on investments in technology integration and AI, data availability and sustainability. This is according to JLL and LaSalle's (NYSE: JLL) biennial, proprietary Global Real Estate Transparency Index (GRETI), which benchmarks market transparency to help inform how real estate is invested in, developed, and occupied in different regions around the globe.

JLL Hotels & Hospitality group arranged acquisition financing for the 1,641-key convention center resort near Orlando's top tourist attractions

ORLANDO, Aug. 19, 2024 /PRNewswire/ -- JLL Hotels & Hospitality group announced today that it secured $620 million in acquisition financing for Hyatt Regency Orlando, a 1,641-key, AAA Four Diamond resort in Orlando, Florida.

JLL represented affiliates of RIDA Development Corporation and an Ares Management Real Estate fund to secure the floating-rate, five-year loan through Wells Fargo, Bank of America and Deutsche Bank on behalf of borrowers.

Strategic Investment to Accelerate PROBIS' AI-Powered Financial Management Solutions for Real Estate Development and Support Global Expansion

CHICAGO, Aug. 13, 2024 /PRNewswire/ -- JLL today announced that its corporate venture capital arm, JLL Spark Global Ventures, has led the Series A investment round in PROBIS, a company specializing in financial management for real estate development through AI and benchmark technology.

PROBIS aims to advance the real estate industry by replacing outdated financial management systems. The PROBIS platform offers comprehensive financial control of development projects and enhances cost and revenue management through advanced AI-based technology. JLL Spark's investment helps position PROBIS for substantial growth in the cloud-based project controlling sector.

CHICAGO, July 15, 2024 /PRNewswire/ -- IBM (NYSE:IBM) and JLL (NYSE:JLL) today announced a sustainability solution powered by IBM Envizi technology and delivered by JLL's sustainability services team, available globally.

JLL's Sustainability Program Management, which provides sustainability services, such as decarbonization strategies to the commercial real estate (CRE) sector, will now be underpinned by ESG reporting and data management software in the form of the IBM Envizi ESG Suite.  

The solution is designed to help address the challenges organizations in the CRE sector are facing, such as capturing and managing data across real estate portfolios for decision-making and public reporting. According to a research report provided by JLL, "The green tipping point", while some corporate lease demand is already shifting based on ESG requirements, the next 12 to 24 months will bring widespread change. By 2025, 30% of market demand for low carbon office space will not be met – creating a tipping point for net zero carbon target penetration in lease markets.1

CHICAGO, July 10, 2024 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) will host a conference call and webcast to discuss second quarter 2024 results on Tuesday, August 6, 2024, at 9 a.m. Eastern time.

The conference call can be accessed live over the phone by dialing (800) 715-9871; the conference ID number is 5398158. Listeners are asked to please dial in 10 minutes prior to the call start time and provide the conference ID number to be connected.

The conference call will also be webcast live from the company's Investor Relations website at ir.jll.com. The presentation slides to supplement the webcast will be available in the Events & Presentations section of the Investor Relations website shortly before the webcast begins.

JLL Capital Markets represented the borrower in refinancing of the one-of-a-kind landmark hotel asset in Austin, Texas

SAN DIEGO, July 8, 2024 /PRNewswire/ -- JLL's Capital Markets group announced today that it arranged a $430 million refinancing for Fairmont Austin, a 37-story luxury hotel in downtown Austin.

JLL Capital Markets represented Manchester Financial Group in securing the five-year, interest only fixed-rate SASB CMBS loan, with Goldman Sachs acting as a lead manager and sole bookrunner. The all-mortgage financing package was used to replace a $300MM senior loan and $125MM of mezzanine debt.

CHICAGO, July 1, 2024 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) ("JLL" or the "Company"), announced today the establishment of its inaugural commercial paper program. The program allows JLL (through one of its wholly-owned subsidiaries) to issue up to $2.5 billion of short-term, unsecured, and unsubordinated commercial paper notes (the "Notes").

The commercial paper program further supports the Company's strategy to strengthen its balance sheet, following its renewed credit facility and public bond issuance announcements in 2023. The commercial paper program will provide another source of short-term capital for the Company and further diversifies JLL's balance sheet. JLL intends to use the proceeds of the Notes for general corporate purposes, including the repayment of outstanding borrowings under the Company's existing credit facility.

The Diplomat is an award-winning, 1,000-key beachfront resort in Hollywood, Florida

HOLLYWOOD, Fla., June 17, 2024 /PRNewswire/ -- JLL's Hotels & Hospitality group announced today that it has arranged $575 million in financing for the Diplomat Beach Resort, an award-winning beachfront resort with 1,000 guest rooms in Hollywood, Florida.

JLL worked on behalf of the borrower, a joint venture between real estate funds managed by Trinity Investments ("Trinity") and funds managed by UBS Asset Management's Real Estate & Private Markets Multi-Managers business, to secure the five-year, floating-rate loan through mortgage lenders, Citi and Deutsche Bank. The interest-only loan also included mezzanine financing provide by Ohana Real Estate Investors and Canadian Pension Plan Investment Board (CPPIB).

395-Unit Complex in Englewood, Colorado marks Continued Success Within Cresset's Growing QOZ Portfolio

CHICAGO, June 11, 2024 /PRNewswire/ -- Cresset Real Estate Partners today announced the formation of a joint venture with EMBREY to develop a 395-unit multi-housing development in Englewood, Colorado, consisting of a 361-unit mid-rise apartment building and seven townhome buildings consisting of 34 townhome units in total. The project is the most recent in Cresset's second Qualified Opportunity Zone fund, Cresset Diversified QOZ Fund II ("Fund II").

CHICAGO, May 22, 2024 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) announced that Susan Gore was elected as an independent, non-executive member of its Board of Directors effective May 22, 2024. She will serve as a member of the Audit and Risk and Nominating, Governance and Sustainability Committees.

Gore brings more than 30 years of accounting, auditing and finance experience to the JLL Board. Gore held various leadership roles at PriceWaterhouseCoopers LLP (PwC) during her 33-year tenure with the firm. Most recently, Gore served as the Managing Partner of PwC's Global Technology and Information Security organization from 2016 until her retirement in 2022. She previously served as the Global Assurance Chief Operations Officer and PwC's US Assurance Transformation Leader. Prior to these roles, Gore was an Assurance partner providing professional accounting services to clients ranging from high-growth startups to large multi-nationals. From 2001 to 2006, Gore was the Chief Financial Officer of a late-stage venture backed software company and a Portfolio Advisor for a Silicon Valley Venture Capital firm.

SKAE Power Solutions strengthens JLL's data center technical and project management service

CHICAGO, May 15, 2024 /PRNewswire/ -- As data center demand continues to surge, JLL (NYSE: JLL) today announced it has reached an agreement to acquire SKAE Power Solutions (SKAE), a New York-based provider of data center technical and project management services. This acquisition of SKAE enables JLL to provide solutions across the full data center lifecycle and adds significant technical depth to its existing offerings. The transaction is expected to close shortly, subject to customary closing conditions.