Per a report by the American City Business Journals, Jones Lang LaSalle Incorporated (NYSE:JLL) will acquire the Houston affiliate of Integra Realty Resources Inc. (“IRR”). The acquisition, which has been doing the rounds for around two years, is an important step in JLL’s strategic growth. It is expected that IRR – Houston’s know-how will complement JLL’s existing capabilities and will provide all-inclusive market intelligence solutions to the clients.
IRR is a New York-based commercial real estate valuation and counseling company and the IRR – Houston employs around 40 people and is located at 5 Riverway near Memorial Park. JLL is expected to close the acquisition on Oct 15. Upon closing, Houston affiliate of IRR will be rebranded into the valuation and appraisal services office of JLL in the U.S.
JLL currently has a Zacks Rank #4 (Sell). Some better-ranked stocks include The RMR Group Inc. (NASDAQ:RMR) , RE/MAX Holdings, Inc. (NYSE:RMAX) and The Liberty Braves Group (NASDAQ:BATRK) .
RMR Group sports a Zacks Rank #1 (Strong Buy), Its current quarter estimate per share remained stable over the past seven days. You can see the complete list of today’s Zacks #1 Rank stocks here.
RE/MAX Holdings carries a Zacks Rank #2 (Buy). Its current quarter estimate per share remained stable over the past seven days.
Liberty Braves Group also carries a Zacks Rank #2. Its current quarter estimate per share remained stable over the past seven days.
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