With nearly four decades in commercial real estate under his belt, Barry Dorfman has seen his fair share of economic downturns. The former market director and broker lead of Jones Lang LaSalle Inc.'s (NYSE: JLL) Denver operations said he's confident that Denver will emerge from the coronavirus pandemic and remain a destination for companies and young workers. Denver Business Journal spoke to Dorfman, who continues to represent clients after handing off the management torch, to get his take on about what's going on in the market currently and the biggest questions that remain.
Any statements made about future results and performance, plans, expectations and objectives are forward-looking statements. Actual results and performance may differ from those forward-looking statements as a result of factors discussed in the Annual Report on Form 10-K of the fiscal year ended December 31 2019 and in other reports filed with the SEC. The company disclaims any undertaking to publicly update or revise any forward-looking statements.
To mark Earth Day (April 22, 2020) JLL is pleased to announce the approval of its science-based target by the Science Based Target initiative (SBTi) as aligned to the 1.5C ambition of the Paris Agreement.
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Jones Lang LaSalle (JLL) Q1 results display solid Americas' performance, while continued progress on the HFF integration results in robust Capital Markets business.
More than 80% of landlords and office managers are already re-envisioning the workplace after the novel coronavirus pandemic, according to one survey.
Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the first quarter of 2020 with diluted earnings per share of $0.10 and adjusted diluted earnings per share1 of $0.49.
With a mass return to offices looking like wishful thinking in New York and other cities even as businesses start to reopen as the coronavirus outbreak is contained, companies are exploring real estate options in the suburbs. Six-feet social distancing will limit mass transit usage and create bottlenecks at elevators despite landlord efforts to speed the process. James Ritman, a managing director at brokerage Newmark Knight Frank in Stamford, Connecticut, 35 miles northeast of New York, has received one to three inquiries a day in the past week by companies ready to lease space or contemplating such a move.
With a mass return to offices looking like wishful thinking in New York and other cities even as businesses start to reopen as the coronavirus outbreak is contained, companies are exploring real estate options in the suburbs. Six-feet social distancing will limit mass transit usage and create bottlenecks at elevators despite landlord efforts to speed the process. James Ritman, a managing director at brokerage Newmark Knight Frank in Stamford, Connecticut, 35 miles northeast of New York, has received one to three inquiries a day in the past week by companies ready to lease space or contemplating such a move.
Jones Lang LaSalle (JLL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
As the Covid-19 pandemic has caused companies around the country to stop paying rent, government tenants are looking more attractive than ever, said JLL's Brett Segal.
Among the unprecedented issues the world is currently facing as a result of COVID-19, business leaders also face the challenge of preparing their organizations to return to work. To support organizations as they prepare for re-entry, JLL, a leading professional services firm specializing in real estate, has released its (Re)entry Guidebook outlining best practices for transitioning to the "next normal."
JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), announced that on May 5, 2020 its Board of Directors approved a gross dividend for the second quarter of 2020 of $0.135 per share. JLL Income Property Trust has declared thirty-four consecutive quarterly dividends to its stockholders beginning with the first quarter 2012.
Jones Lang LaSalle Incorporated (NYSE: JLL) today announced that the 2020 Annual Meeting of the Shareholders will be held virtually via internet webcast rather than meeting at a physical location. The change to a virtual meeting is based on consideration of the continuing health impacts of COVID-19, related governmental orders and guidance, and the well-being of shareholders, directors and employees.
JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), will hold a public earnings call on Wednesday, May 13, 2020 at 2:00 PM CDT to review first quarter operating and financial results. Allan Swaringen, President and CEO of JLL Income Property Trust, and Gregg Falk, Chief Financial Officer will present an overview of recent economic events that directly influence the business of the Company and commercial real estate markets, along with a detailed review of the financial performance and more noteworthy accomplishments of the quarter and year.
It's shaping up to be a tough period for Jones Lang LaSalle Incorporated (NYSE:JLL), which a week ago released some...
Stores and workplaces eager to avoid spreading the novel coronavirus are equipping existing security cameras with artificial intelligence software that can track compliance with health guidelines including social distancing and mask-wearing. "The last thing we want is for the governor to shut all our projects down because no one is behaving," said Jen Suerth, vice president at Chicago-based Pepper Construction, which introduced software from SmartVid.io this month to detect workers grouping at an Oracle Corp project in Deerfield, Illinois. Samarth Diamond plans to deploy AI from Glimpse Analytics as soon as its polishing factory re-opens in Gujarat, India, while two Michigan shopping centers owned by RPT Realty will have distancing tracking from RE Insight in two weeks.
Q1 2020 Jones Lang LaSalle Inc Earnings Call
A recent surge in online shopping has led local industrial real estate brokers to anticipate an absorption boom once the virus recedes and social distancing mandates are lifted. The big question, however, is whether the anticipated uptick in demand tied to e-commerce will be enough to offset uncertainty created by record-low oil prices.
Jones Lang LaSalle (JLL) delivered earnings and revenue surprises of -35.53% and 6.01%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?