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The Latest Breaking News from JLL

Johnnie Walker building on the market for offers over £31 million

THE iconic Edinburgh building which houses Diageo's Johnnie Walker experience is for sale, seeking offers of more than £31.58 million.

The National (Scotland)

Could Elon Musk be about to move X out of San Francisco?

Real estate firm JLL confirmed it has been hired to sublease the entire 800,000-square-foot complex housing the social media company's headquarters.

Fortune

3 Unexpected AI Stocks to Buy and Hold for Long-Term Gains

As AI takes center stage, investors might want to snag these three under-the-radar AI stocks for long-term growth.

Barchart

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Best Buy Sales Drop, JLL Posts 818% Net Income Growth in Q1 As HP Focuses on AI PCs

Best Buy preserves profit margins despite faltering demand, while JLL's revenues increased due to robust growth in advisory and property management verticals.

International Business Times UK

Tier-II and Tier-III cities like Ayodhya becoming the growth drivers of hospitality sector

India's tier II and III cities, such as Jaipur, Indore, Surat, and notably Ayodhya are emerging as the growth drivers for the hospitality sector in India. Read further on Dynamite News:

Dynamite News

To hold team members accountable, trust them, says JLL's CEO

For the CEO of the global real estate giant, giving people responsibility is better than micromanaging them.

Fortune

3 Real Estate Stocks with Sky-High Profit Potential

The real estate services sector looks poised to grow due to the rising availability of housing inventory, slower price increases, active sellers, lower mortgage rates, and the start of the spring buying season. Given their solid profit potential, investors could consider buying fundamentally strong real estate stocks: CBRE Group (CBRE),…

StockNews.com

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Forget about AI GPU scarcity: data center operators may have to wait a whopping three years to get key component — and this may be killing off competition by driving smaller operators out

Data centers are facing skyrocketing energy demands, and a new report says transformers have lead times exceeding three years.

TechRadar

California buyer of Marina City’s retail space has ‘big plans’ for the downtown Chicago site

A foundation linked to Sperry Commercial bought the retail and parking garages at the iconic Marina Towers for $30 million and plans to add tenants and renovate the space.

Chicago Sun-Times

The five types of property London homebuyers should avoid in 2024

From new-build one-bed flats to houses in need of major refurbishment, what are the mistakes to avoid in the New Year?

Evening Standard

Europe is 'falling behind,' warns JLL CEO Christian Ulbrich

Europe is lagging behind the U.S. and other Western economies when it comes to economic growth and GDP per capita.

Fortune

Blackstone plans to double-down on its Europe real estate investments—but in London, it already has an upper-hand as WeWork locations have fallen

The private equity group, which recently hit $1 trillion in assets under management, has a number of flexible office spaces in London through The Office Group.

Fortune

Autumn Statement: 'an enormous missed opportunity' to stabilise rents and house prices for Londoners

Shortfall of new homes needed to tackle affordability crisis forecast to hit 257,000 without significant investment, said Tom Copley

Evening Standard

West End is 'full', says London property giant Land Securities

Occupancy are rates above 99% as the return to work gathers pace

Evening Standard

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Fortune

CEOs want employees back in the office, and 90% say they'll likely give raises and promotions to those who actually show up, survey finds

CEOs say they expect in-office attendance to play a role in employees' career progression and that it will factor into determining who will get raises and promotions.

Chicago Sun-Times

Sweet move: Chicago seeks to landmark West Side’s historic Mars candy factory

The correct action here would be a “yes” vote from the Commission on Chicago Landmarks, an important prelude to the factory’s redevelopment.

Evening Standard

Speed up urban regeneration to bring young people back to the office

In the era of the cost of living crisis the location of Gen Zs’ and Millennials’ workplaces is more important than ever before

Evening Standard

The mega London developments offering buyers more — from workspaces and rooftop gardens to concierges and gyms

Access to green space, a community vibe and amenities on the doorstep have become vital for buyers, and these high-density sites tick all the boxes

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Fortune

1 million American workers face new return-to-office mandates after Labor Day. But employers would be ‘naive’ to expect all those workers to comply

Employers are waging a return-to-office battle. Again.

Fortune

Fall 2023 will be remote work’s biggest test yet: 1 million workers facing office return orders

2023 may be the year offices will return to near-2019 occupancy levels, predicts a real estate consulting firm. Others say it will never happen.

Birmingham Post

Buyout deal for Birmingham logistics firm

Digbeth-based DMN Logistics has acquired JLL Vehicle Distribution to boost its electric vehicle logistics operation.

Insider UK

Occupiers turning to refurbishments to meet Grade A office demand

Latest market analysis suggests many are improving sustainability features and creating more amenities

Evening Standard

‘Stubborn inflation’ hits central London’s luxury home sector

Prices of high end homes in prime central London fell in the second quarter, down 5.9% from a year earlier, as the uncertain economic outlook weighs on the housing market.

Evening Standard

‘Profound’ impact: Higher interest rates send central London office sales down

The impact from soaring interest rates on central London’s huge office market has been laid bare, as figures showed investor spend on buildings has slumped by more than 50%.

Newcastle Herald

'Scarce offering': CBD site prime for development hits international market

The site could be home to units, medical facilities, hotels, retail and more.

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