Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Jones Lang LaSalle (JLL) Closes The Acquisition Of BRG

Published 07/07/2016, 08:59 AM
Updated 07/09/2023, 06:31 AM

In sync with its disciplined acquisition strategy, Jones Lang LaSalle Incorporated (NYSE:JLL) closed the earlier announced acquisition of BRG, the leading Corporate Real Estate (“CRE”) technology and management firm. This marks another step for the Chicago-based full-service real estate firm toward becoming a global leader CRE technology.

Traci Doane of BRG has been roped into JLL as the President of the new Technology Solutions service division. This division is a part of JLL’s Corporate Solutions business in the U.S. and will look after the technology consulting and Integrated Workplace Management Systems implementation services.

JLL provides corporate, financial and investment management services to corporations and other real estate owners, users, and investors worldwide. Clients of JLL are optimistic about this acquisition and realize that the combined technology, data and analytics services will aid them in making important business decisions.

In fact, in recent times, JLL has made a string of acquisitions to bolster its technology expertise. Given the robust and comprehensive technology platform, this latest acquisition is likely to drive JLL ro offer higher productivity services to clients.

Currently, JLL carries a Zacks Rank #3 (Hold).

Investors interested in the real estate industry may consider stocks like Brookfield Asset Management Inc. (NYSE:BAM) , The Liberty Braves Group (NASDAQ:BATRK) and AV Homes, Inc. (NASDAQ:AVHI) . Each of these stocks holds a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>



BROOKFIELD ASST (BAM): Free Stock Analysis Report

JONES LANG LASL (JLL): Free Stock Analysis Report

AV HOMES INC (AVHI): Free Stock Analysis Report

LIBERTY BRVS-C (BATRK): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.