JLL


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The cavernous complex at 29900 South Graaskamp Boulevard was built in 2015. (Canam Buildings)

Massive Michelin distribution center sells for $130M

 A 2 million-square-foot Michelin-leased distribution center in Wilmington sold for $130 million, The Real Deal has learned. Investment firm...

Massive Michelin distribution center sells for $130M
JLL CEO Christian Ulbrich (Photo via Jll/Twitter; Photo Illustration by Kevin Rebong for The Real Deal)
National

JLL earnings fell 24% in 2020

JLL’s earnings fell by nearly a quarter in 2020, driven by a sharp decline in leasing revenues. Adjusted EBITDA fell 24 percent last year to $860 million, the global brokerage announced Tuesday. The drop...

JLL earnings fell 24% in 2020
JLL CEO Christian Ulbrich, Trump International Hotel in Washington DC and Donald Trump (Getty; Trump Hotels)
National

JLL backs out of selling Trump’s DC hotel

JLL has dropped its involvement with the effort to sell President Donald Trump’s Washington, D.C., hotel. The real estate brokerage is ‘“not going to be involved in selling that hotel,” a JLL spokesperson told...

JLL backs out of selling Trump’s DC hotel
Aon Center (Google Maps)
Insights

Here’s what tenants pay at 601W Cos.’ Aon Center

When insurance brokerage Aon Corporation moved its global corporate headquarters from Chicago to London in 2012, it was seen...

Here’s what tenants pay at 601W Cos.’ Aon Center
JLL CEO Christian Ulbrich and CBRE CEO Bob Sulentic (Getty; CBRE; Pixabay)
National

JLL, CBRE keep cutting as recovery drags

The commercial real estate industry’s biggest service firms continue to slash expenses as the economic slowdown squeezes their business. UPDATED, Nov. 2, 4:38 p.m.: JLL and CBRE recently made layoffs and budget cuts to...

JLL, CBRE keep cutting as recovery drags
JLL CEO Christian Ulbrich (Ulbrich by Jemal Countess/Getty Images for Women's Forum of New York)
New York

JLL profits halved by pandemic

JLL’s profitability fell by more than half during the second quarter as fees from brokering office leases around the world slowed to a trickle. JLL, the second-biggest real estate services firm in the world,...

JLL profits halved by pandemic
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