Jones Lang LaSalle, Inc.
-
Multi-Billion Dollar Fund's Top Picks for 2013
By Meena Krishnamsetty - March 20, 2013 | Tickers: FAF, GCI, JLL, LAZ, IPG
Ariel Investments, managed by John W. Rogers, is one of the best success stories in the hedge fund industry today. Rogers launched Ariel Investments in 1983 after working as a stockbroker for a few years at William Blair, and 25 years later, the Princeton alum was awarded his university’s highest honor, the Woodrow Wilson Award. The former men's basketball captain started his own investment company with one major more »
-
A Landlord to Bet On As Commercial Properties Improve
By Arturo Cuevas - March 19, 2013 | Tickers: BPO, JLL, MPG
Share prices of Brookfield Office Properties (NYSE: BPO) have risen to as high as $17.20 on high volume since the company announced this March that the funds from operations (FFO) it generated in 2012 hit $650 million, an improvement from the 2011 FFO of $640 million. With this uptick, coupled with other bull factors, Brookfield now appears ready to test its 52-week high of $18.60.
The steady decline more »
-
Is This Real Estate Giant A Buy?
By Marshall Hargrave - February 15, 2013 | Tickers: BPO, CBG, FSRV, JLL, KW
CBRE Group (NYSE: CBG) was up over 8% following its earnings announcement. The run comes after the real estate servicing company upped its guidance for 2013, now expecting to generate $1.40 to $1.45 of earnings per share, compared to analysts' estimates of $1.38. But is there still room for the stock to move higher? Given the company's leading market share, it appears so. After missing 3Q more » -
Will Sandy Sink Commercial Real Estate Stocks?
By Howard Rothman - December 11, 2012 | Tickers: CBG, JLL, VZ
Since the hurricane-turned-superstorm battered New York and its neighbors on October 29, much of the focus — from a stock perspective — has been on its potential to depress retail names and lift construction stocks. There’s also been talk of its ongoing effect on waste service providers.
There is, however, a growing possibility that Sandy could have a big negative impact on another group: firms involved in commercial real estate services more »
-
Jeff Ubben’s Best Real Estate Idea May Surprise You
By Meena Krishnamsetty - November 13, 2012 | Tickers: CBG, FSRV, JLL, KW, RLGY
At the 2012 Invest for Kids conference, Jeff Ubben of ValueAct Capital gave a vote of confidence to the real estate services company CBRE Group (NYSE: CBG). Ubben's fascination with CBRE is a result of its positioning and stranglehold on the industry, where Ubben states that "between CB and JLL you have no other players that can enter, there have been number threes attempted that can't get in more »
-
Why is Blum Capital Downsizing its Position in This Real Estate Company?
By Meena Krishnamsetty - September 14, 2012 | Tickers: CBG, JLL, VAC, HOT, WYN
In a recent filing, Richard Blum and Blum Capital Partners downsized its long-time stake in the commercial real estate services firm CBRE Group (NYSE: CBG). Blum Capital reduced share ownership from 21.6 million to 14.7 million, and now has only a 4.5% stake in the company. The sale of 6.9 million shares, or almost 32% of its prior stake, represents the first time that Blum Capital more »
-
Al Gore’s Hedge Fund Adds to Jones Lang LaSalle
By Meena Krishnamsetty - September 5, 2012 | Tickers: AKR, CBG, GRP, JLL
Jones Lang LaSalle Incorporated (NYSE: JLL) is a $3.2 billion market cap manager of real estate and investments. The company’s real estate services, which operate globally, range from agency leasing to property and facilities management to consulting and valuation services. In Jones Lang LaSalle’s second quarter ending June 30th of this year, it reported that while revenue had increased 9% compared to the same period in more »