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JLL Squeezes Out a Profit in Q1

April 27, 2010

Tweet Jones Lang LaSalle (JLL: 94.49 -2.22%) posted earnings this afternoon and they managed to squeeze out a small profit in a continuing sign of stability in the brokerage business. The company reported a profit of $200,000, which although paltry, is a vast improvement from the $60M loss they posted a year ago for the [...]

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Sobrato Nabs McAfee for 240K SF and What It Means For The Market

April 2, 2010

Tweet Sobrato has managed to bag McAfee for ~240K square feet – and potentially more – at its Santa Clara campus. The Registry has some info on the deal as well. The deal is a great one for Sobrato, which has Yahoo! on lease until the end of July. The buildings are located at 2811 [...]

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CEO of Jones Lang LaSalle on CNBC

January 28, 2010

Tweet Colin Dyer, CEO of Jones Lang LaSalle was on CNBC discussing the CRE market. Unless there are additional monetary shocks, he sees a sharp V-shaped recovery when confidence returns. Interesting. The other guy in the interview, Ken Rogoff, a professor of economics at Harvard, didn’t seem like he was buying it and called Dyer [...]

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CBRE Selling State of California Buildings For .08% Fee

December 18, 2009

Tweet The numbers speak for themselves. The six groups vying to handle the massive sale-leaseback transaction for the State of California were: CBRE, HFF, Eastdil Secured, Jones Lang LaSalle, Cushman & Wakefield, and The Palmer Team. The winning bidder was CBRE, whose bid was .08%. That’s right, one-twelfth of 1%. And they weren’t even the cheapest! [...]

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RREEF Outsources Retail Property Management

October 21, 2009

Tweet Completing its program of getting out of the property management business, RREEF Real Estate has outsourced about 11 million square feet of retail at 58 centers across the US, the company announced Wednesday. Jones Lang LaSalle, United Commercial Realty, Mid-America Asset Management Inc., Crosland and KeyPoint Partners will take over direct property management of [...]

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Jones Lang LaSalle Completes Staubach Acquisition

July 11, 2008

Tweet Jones Lang LaSalle (JLL) has completed the acquisition of Staubach. The terms of the agreement were covered previously in this post.

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It’s Official: Jones Lang LaSalle Buying Staubach for $613M

June 16, 2008

Tweet We previously reported that the deal was essentially done, but Jones Lang LaSalle (JLL) confirmed today that it is in fact buying Staubach. Jones Lang LaSalle is paying $613M for Staubach over 5 years, with $100M in stock and $123M in cash up front at the closing. An additional $114M in earnouts will be paid to [...]

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Jones Lang LaSalle and Staubach Merger To Be Announced Today?

June 16, 2008

Tweet Globe Street is reporting that the Staubach and Jones Lang LaSalle (JLL) merger will be announced as early as today. They are also reporting that the acquisition price (of Staubach) is $835M, a $100M more than was previously reported. Update (6/16): Forbes is also reporting that the merger will be announced as early as today, [...]

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Jones Lang LaSalle (JLL) Acquiring Staubach for $735M

June 13, 2008

Tweet A little less than a week ago we reported that the rumours of Jones Lang LaSalle (NYSE: JLL) merging with Staubach were true, or so we had heard. Today, Property Week News out of the UK is providing additional credence by publishing a price for the acquisition, $735M. Property Week’s article indicates that the acquisition [...]

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YoY US and International Investment Sales Down Dramatically in Q1

June 12, 2008

Tweet Though likely not surprising to anybody, year over year investment sales both in the United States and on a worldwide basis are down dramatically. According to a Jones Lang LaSalle (NYSE:JLL) report cited by NREI, first quarter investment sales in the US came in at $39.2 Billion, a number which is down 69% from [...]

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