154.30 0.00 (0.00%)
After hours: 4:39PM EST
|Bid||153.61 x 800|
|Ask||153.88 x 900|
|Day's Range||151.37 - 157.11|
|52 Week Range||124.01 - 178.55|
|Beta (5Y Monthly)||1.80|
|PE Ratio (TTM)||14.20|
|Earnings Date||May 04, 2020 - May 10, 2020|
|Forward Dividend & Yield||0.86 (0.53%)|
|Ex-Dividend Date||Nov 13, 2019|
|1y Target Est||195.14|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Medallia, Inc. (NYSE: MDLA), the global leader in experience management, today announced that JLL, the leading global real estate consultancy, has expanded its comprehensive experience management program with Medallia after strong initial success in Asia Pacific.
NAIOP Houston honored some of the city’s top commercial real estate brokers Feb. 19 at the organization’s annual Broker of the Year awards.
Three top commercial real estate experts — including two past recipients of Houston Business Journal’s Heavy Hitter designation — have joined the Houston office of New York-based Savills Inc.
Foxtail Coffee Co. LLC is in talks to lease the remaining ground floor retail space at One South Orange, Orlando Business Journal has learned. No deal has been signed, but 1,844 square feet of space remains next to the Jacksonville-based Vystar Credit Union branch and the highly anticipated Taco Bell Cantina. The new tenants come as the building's landlord One Orange Development LLC is injecting $1.5 million into a ground-floor renovation of the building's 6,500 square feet of street-level space.
(Bloomberg Opinion) -- Hong Kong’s home prices have proved resilient to months of protests and now the coronavirus epidemic, a one-two punch that the city’s finance chief likened over the weekend to “tsunami-like” shocks. While a hit is probably coming, the world’s least affordable housing market still looks a better place to be than in Hong Kong office or retail property.Home prices have dropped just 6.1% from their record high in June, as measured by the Centa-City Leading Index compiled by Centaline Property Agency. The index has risen for four weeks in a row through Feb. 9, the latest data, even as the virus shut down swathes of the Chinese economy, slowed Hong Kong tourist arrivals to a trickle and forced many of the city’s financial employees to work from home.A number of factors undergird the outlook for housing: the dominance of a small number of family-controlled companies that can influence supply; low interest rates; and limited leverage among home owners. Developers completed 14,000 units last year, 33% lower than 2018, according to Morgan Stanley analyst Praveen Choudhary. By contrast, 31,000 units were built in 2002, just before the outbreak of severe acute respiratory syndrome. That was 35% more than the year before. High equity levels mean there’s little pressure for home owners to sell, as I noted in November. The loan-to-value ratio for new mortgages dropped to 46% in September, from a peak of 69% in 2002, according to the Hong Kong Monetary Authority. Meanwhile, Hong Kong’s one-month interbank rate, against which most mortgages are priced, has fallen back below 2% this month.To be sure, a drastic worsening of the economy would change the calculation. Hong Kong’s unemployment rate is estimated to have climbed for a fourth month to 3.4% in January. That’s still far short of the 8.5% peak reached during SARS. Having risen more than fivefold from their 2003 low, Hong Kong housing prices have attained a Teflon-like response to bad news. That resilience is far less evident in commercial property, a sector that tends to move more in line with the state of the underlying economy. Once beloved by private equity firms for stable returns in a low-yield world, Hong Kong’s office and retail real estate is losing appeal as companies reduce space and shoppers desert malls.The total transaction value of office and retail properties slumped 12.9% last year to HK$49.6 billion ($6.4 billion), according to Bloomberg Intelligence analyst Patrick Wong. Grade-A offices recorded a 6% vacancy rate in December, the highest level since April 2010, when the number was the same, figures from real estate broker Jones Lang LaSalle Inc. show. Chinese companies, which have become increasingly important in the commercial property market, reduced their take-up of new office space by almost 40%. WeWork, the office-sharing company that scrapped its IPO last year, gave up some space.With Hong Kong’s gross domestic product shrinking 1.2% last year, empty workplaces became a common sight even before the coronavirus outbreak forced people to work from home. By the fourth quarter, office prices had reached the lowest since the second quarter of 2018, according to JLL.Retail landlords, meanwhile, started slashing rents by 60% this month for tenants that are trying to cope with the dearth of shoppers. The fourth-quarter vacancy rate of of 9% in core shopping areas was the highest in five years, JLL’s figures show. Average rents of prime street shops in the city fell 21% from a year earlier at the end of 2019, according to Bloomberg Intelligence.Tourism, particularly from mainland China, is far more important to Hong Kong’s economy than during SARS and has been hit hard by both the protests and the coronavirus. Preliminary visitor arrivals data for February from the Hong Kong Tourism Board show average daily traffic has plummeted almost 99% to fewer than 3,000 people.The retail sector was already facing a secular downturn. China has cut luxury taxes, reducing the incentive for mainland shoppers to buy in Hong Kong. Local consumption, barring panic-buying of toilet paper and face masks, is also suffering and will take time to recover.For real estate investors, the best place to shelter may be in cash-rich Hong Kong developers such as Sun Hung Kai Properties Ltd. and Li Ka-shing’s CK Asset Holdings Ltd. that have a higher exposure to housing. These look better placed to ride out the slump than rivals such as Wharf Real Estate Investment Co., owner of the Times Square mall in the prime Causeway Bay shopping district, or Hongkong Land Holdings Ltd., the biggest office landlord in the central business district.In a testing environment, homes can be a refuge in more ways than one. To contact the author of this story: Nisha Gopalan at firstname.lastname@example.orgTo contact the editor responsible for this story: Matthew Brooker at email@example.comThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Jones Lang LaSalle (JLL) Q4 results reflect solid Americas' performance, while continued progress on the HFF integration resulted in robust Capital Markets business.
JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), today announced the acquisition of Fountainhead Corporate Park, a 300,000 square foot, two-building Class A office portfolio comprised of two 6-story buildings located in the Phoenix, Arizona submarket of Tempe. The property was acquired for $61.5 million, or approximately $205 per square foot, representing a significant discount to new construction costs in the Phoenix market.
The deal comes just two weeks after another shopping center, also anchored by a grocery story, nearby in Mount Laurel sold for $18.25 million.
A software company with strong ties to IBM is opening its first metro Atlanta office in Dunwoody, adding 300 jobs. Acoustic, formerly known as IBM’s Watson Marketing, an independent marketing cloud platform, will put the new regional office at the Terraces project, a pair of 11-story towers located in Dunwoody near Perimeter Mall. Acoustic formed in 2018 when private investment firm Centerbridge Partners acquired IBM’s marketing and commerce software business.
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.
Below are some recent office leases executed in the Houston market. All information was provided by the brokerages, tenants and HBJ research. Email deals to firstname.lastname@example.org for future consideration.
Midtown's rapid growth is changing how city leaders think about getting those people in, around and out of the district.
Welcome to Deal Dash — the Business Journal's roundup of some of the week's more notable commercial real estate dealmaking. The following information is based on Business Journal reporting, news releases and public records such as property deeds, building permits and other government filings and documents. San Francisco-based Stockbridge Capital Group paid $45.3 million to buy the Lion's Head Village shopping center on Whites Bridge Pike, near Belle Meade.
The Bayou City saw a surge in multifamily construction in 2019, and new construction is only going to accelerate over the next two years.
Jones Lang LaSalle (JLL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Jones Lang LaSalle Incorporated (NYSE:JLL), which is in the real estate business, and is based in United States, saw a...
The agreement was signed at the firm's current office at 6649 Westwood Blvd. — less than three miles from its future headquarters. And that, proximity played a role in the deal.
A Dallas developer expects to break ground in March on the redevelopment of an aging industrial site near the Mall at Millenia in Orlando. Lincoln Property Co. aims to raze the site's 13 buildings totaling 420,000 square feet — which were built between 1972-1998 — and construct two new structures with a combined 405,000 square feet of Class A industrial space. The move to replace the existing dated buildings is a good idea, as they likely don't conform to the needs of potential industrial tenants, said Larry Kahn, senior director industrial with Tampa-based Franklin Street, who isn't involved with the deal.
It's official: One of Central Florida's biggest employers is on the move. Orlando-based Marriott Vacations Worldwide Corp. (NYSE: VAC) has signed a nearly 300,000-square-foot lease to move its headquarters to Orlando-based developer Unicorp National Developments Inc.
JLL Capital Markets announced today that it has arranged an $870 million construction loan for the first phase of the South Station redevelopment, which comprises a 1.2 million-square-foot, 51-story mixed-use tower that will be built at Boston's South Station transportation hub. The South Station redevelopment is a world-class, 1.9 million-square-foot mixed-use project that will transform Boston's transportation hub and skyline.
One of Tampa Bay's most well-known warehouse brokers has joined JLL Inc.'s Florida industrial capital markets team.