Jones Lang Lasalle Inc Stock Price, News & Analysis

Bally's Corporation (NYSE:BALY) has unveiled plans for a transformative new resort destination on the Las Vegas Strip, to be built at the former Tropicana Las Vegas site. The ambitious project will share a 35-acre campus with the future Las Vegas Athletics MLB ballpark.

The development, set to begin in first half of 2026, will feature two luxury hotel towers with 3,000 rooms, a 2,500-seat entertainment venue, and over 500,000 square feet of retail, dining, and entertainment space. The project, developed in partnership with JLL and designed by Marnell Architecture, will include a casino and VIP experience with direct ballpark access.

JLL (NYSE:JLL) has appointed Sam Schaefer as CEO of Property Management in a newly created position. Schaefer, who will be based in Boston, joins JLL's Real Estate Management Services Board and will report to Neil Murray, Global CEO of Real Estate Management Services.

In his role, Schaefer will oversee global Property Management services, leading JLL's reshaped business to enhance client value delivery, increase operational efficiencies, and drive growth opportunities. He joins JLL from Trammell Crow Company, where he served as Principal, and brings experience from previous leadership roles at Hobbs Brook Real Estate and Tishman Speyer.

JLL (NYSE:JLL) has successfully arranged a significant $1.1 billion multi-housing portfolio venture spanning 15 properties across six states. The transaction involves Sunroad Enterprises and Fairfield, with JLL securing $415 million in financing from Freddie Mac and an additional $250 million from KKR.

The portfolio encompasses 3,830 units, consisting of six Class A core assets and nine value-add properties. The assets, with an average 2011 vintage, are distributed across Arizona (6), Colorado (3), North Carolina (2), South Carolina (2), Nevada (1), and Georgia (1), comprising 65% garden-style and 35% mid-rise communities.

JLL (NYSE:JLL) and BlueGate Partners have successfully arranged a $340 million refinancing for 50 & 70 Columbus, a premier mixed-use property in Jersey City's Waterfront district. The refinancing was secured through Truist Financial Corporation for the property owners, a joint venture between Ironstate Development Company and Panepinto Properties.

The property consists of two high-rise residential towers (36 and 48 stories) with 938 luxury units and 27,746 square feet of fully leased commercial space. Built in 2007 and 2015, the development maintains strong occupancy exceeding 98% and features premium amenities including a heated outdoor pool, gym, and rooftop deck. The property's strategic location directly above the Grove Street PATH station provides quick access to Manhattan.

JLL (NYSE:JLL) has released its 2025 Workforce Preference Barometer, surveying 8,700 office workers across 31 countries. The research reveals that 72% of the global workforce now views return-to-office (RTO) policies positively, though 38% believe office experiences need improvement.

Key findings show that 66% of workers report clear office attendance expectations, with compliance rates of 82% for full-time RTO and 95% for 1-2 days requirements. Regional acceptance varies, with the Middle East (87%) showing highest approval, while Europe (64%) shows lowest. Work-life balance has become the top retention priority (65%), surpassing salary considerations.

The study indicates a notable 8% decrease in employee burnout since 2022, though 46% of caregivers still report feeling overwhelmed. Among those considering leaving their jobs (24%), the majority are managers (77%) and caregivers (61%), highlighting the need for enhanced workplace experiences and flexibility.

JLL (NYSE:JLL) released its Global Bid Intensity Index report, revealing the first month-over-month improvement in July 2025 since December 2024. The report indicates a stabilization in bidding dynamics and growing capital deployment in commercial real estate despite market uncertainty.

The living sector leads in bidding activity, while retail shows improved levels compared to last year. Office sector dynamics are improving with larger bidder pools and increased lender participation. Though Industrial and Logistics sectors face challenges due to supply chain uncertainty, the overall market shows resilience with stable property valuations and improving bid-ask spreads.

According to Ben Breslau, JLL's Chief Research Officer, investors are embracing higher risk tolerances and momentum is expected to pick up through 2025's second half, with early movers potentially gaining advantages in returns.

Seaport Entertainment Group (NYSE:SEG) has announced an agreement to sell its 250 Water Street development project to Tavros for $150.5 million. The one-acre site in New York City is entitled for a 26-story, mixed-use building featuring up to 399 residential units and approximately 200,000 square feet of commercial space.

The deal includes a $6.0 million non-refundable deposit at signing, with provisions to increase the deposit to $8.5 million and the sale price to $152.0 million before closing. The transaction is expected to close by the end of 2025.

JLL (NYSE:JLL) has successfully arranged a $352.7 million financing package for the Fundrise National Industrial Portfolio. The portfolio comprises 12 institutional-quality industrial buildings spanning approximately 3.18 million square feet across strategic locations in the Mid-Atlantic and Sunbelt regions.

The financing was secured through Goldman Sachs and TPG Real Estate Credit for Fundrise affiliate funds. The properties feature modern specifications including LED lighting, ESFR sprinkler systems, and cross-dock configurations with clear heights of 23-40 feet. The facilities are currently occupied by diverse tenants from logistics, distribution, and technology sectors.

JLL (NYSE: JLL) has unveiled new AI capabilities as an add-on to its Prism building operations platform. The new Prism AI technology integrates with JLL Falcon to enhance property management operations through predictive analytics and automated workflows.

The AI system transforms property documents into a searchable knowledge base, enabling smart recommendations for tenant satisfaction, analysis of service patterns, and strategic planning. Key features include conversational interface for property queries, warranty coverage analysis, and secure infrastructure with data separation for privacy.

Led by Daniel Russo, President of Property Management Technology, and Yao Morin, Chief Technology Officer, this initiative represents JLL's commitment to digital transformation in commercial real estate, building on the company's 200+ years of expertise.