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...
JLL
The Latest
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...
Sterling Bay and JPMorgan test appetite for redevelopment
The last time Sterling Bay and JPMorgan teamed up to sell a building, the duo collected $412 million for...
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...
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...
National
JLL says hasn’t seen “anything worth spending our…money on” after reportedly passing on Cushman
JLL CEO Christian Ulbrich didn’t exactly say Cushman & Wakefield wasn’t worth a page out of its checkbook. But the executive did throw shade...
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...
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,...
National
Look out below: Major real estate services firms brace for falling earnings
The latest earnings reports are approaching for major real estate services firms like CBRE, JLL and Cushman & Wakefield,...
Or best offer: Facing default, Loop office building hits market
The owner of a historic Loop office building that is suing its sole tenant for skipping out on a...
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