Jones Lang Lasalle Inc Stock Price, News & Analysis

Lewis Investments, based in Round Rock, Texas, has successfully completed a $17 million refinancing deal with JLL (NYSE: JLL). This refinancing involves three core assets and was funded by FNMA, featuring a fixed rate of 2.77% for ten years. The refinance aims to secure a non-recourse loan and leverage historically low interest rates. Despite pandemic-related delays, JLL's team found alternative financing solutions, leading to a successful transaction that exceeded expectations.

Jones Lang LaSalle (NYSE: JLL) will announce its fourth quarter 2020 results on February 9, 2021, at approximately 7:30 a.m. ET. A live webcast and teleconference will follow at 9 a.m. ET. Investors can register through the Investor Relations website. The webcast replay will remain available for 12 months. JLL reported annual revenue of $18.0 billion in 2019 and has over 92,000 employees globally as of September 30, 2020.

On January 5, 2021, JLL Capital Markets announced the successful sale of the Pittock Block in Portland for $326 million, marking the highest price for a single asset in Oregon since 2015. The mixed-use property spans 302,262 square feet and is a key data center and telecommunications hub in the region. JLL represented the seller, Alco Investment Company, and found a buyer in a joint venture involving Harrison Street and 1547 Critical Systems Realty. The building is strategically located in a Qualified Opportunity Zone and serves as one of the Pacific Northwest's primary internet exchanges.

LaSalle Investment Management has announced that Mark Gabbay, currently CEO and CIO of LaSalle Asia Pacific, will become the Global CEO effective January 1, 2021, succeeding Jeff Jacobson. Gabbay has been instrumental in driving investment performance in the Asia Pacific region since joining LaSalle in 2010. Under Jacobson's leadership, LaSalle's assets under management increased by 57% to over $65 billion. The transition aims to maintain momentum in LaSalle's growth strategy, supported by a new leadership structure as part of a global transformation.

JLL (NYSE: JLL) announced the hiring of Sharad Rastogi as Chief Product Officer to lead JLL Technologies (JLLT). Based in San Francisco, Rastogi will focus on developing product strategy and engineering for JLLT’s technology offerings. He has a successful history as a tech executive, previously leading the $3 billion Data Protection Division at Dell Technologies. Rastogi aims to enhance the efficiency and ROI of clients' real estate portfolios, capitalizing on JLLT’s data-driven insights and expertise.

On November 17, 2020, JLL (NYSE:JLL) announced key leadership changes as part of its transformation program initiated in January 2019. Greg O'Brien will transition to Global CEO Markets, with John Gates becoming CEO Americas Markets, Anthony Couse continuing as Asia Pacific CEO, and Andy Poppink taking on the role of CEO EMEA Markets. These changes, effective January 1, 2021, aim to enhance global service integration, leveraging multi-year investments in technology and services, especially relevant during the ongoing pandemic, showcasing JLL's adaptability in the market.