JLL
Jones Lang LaSalle Incorporated
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-100.00% Today
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Offices Around America Hit a New Vacancy Record
SF commercial real estate: Office vacancy 28% (CBRE). Rents have fallen 15% (JLL)
$PTRA(Proterra) Just Went Public and It is Time for a Squeeze
Mentions
I mean you pointed out the most important factors at your examples section. Real estate is a bit different compared to other sectors in the sense that each asset is unique and it both requires a bit more in-depth look at the story itself rather than ratios only. E.g. You could look at one office asset at one company having 2% vacancy ratio and another office in the same district 3 streets away having 8% with lower rents, why? Is it worse lease management that could be improved, or is because the better office is just superior? I’ve seen many mismanaged real estate portfolios. My message is here is that first you need to understand the story itself, but in real estate it’s far less homogeneous and you’ll never have full certainty. In general I look for WAULTs, balance sheet, dividends, management, prime market yields/yields for the specific assets, vacancies, what is the rental fee structure in general, etc. Also CBRE/JLL/etc. publish very good research materials on each segment for most markets for free. Also I like to look at what yields are the assets kept in their books (whether it is in-line with market trends- conservative or aggressive , is there room for further compression etc), for valuation FFO yield, P/NAV, P/B , dividend yield are fairly good.
Commercial real estate (JLL, CBRE, and CWK) in the toilet today ahead of JLL and CBRE earnings tomorrow. Seems to be primarily based on the zillow outlook.
Oh man I used to work for Cyrus one before they were taken over by JLL. JLL then tried to bounce out of the purchase because the buildings were held together by duct tape and bubble gum. CBRE the previous company that took care of the data centre buildings were pocketing as much as possible while doing the least amount possible to maintain them. A quote that was used after the purchase was “it’s a 5 year old building that’s 7 years behind on maintenance “
So are we shorting CBRE, JLL, CWK, SLG, and VNO?
>Deals where OpenAI gives x billion to NVDIA for graphics cards is probably structured as they book the nvdia payment as a long term accounts payable, and then the graphics cards as inventory. how much do you think it costs to ***license*** the LLM.. and put some compute in the **robots**? **The UAW and Other Unions Must Focus More on AI and Automation in Their Negotiations** [https://hbr.org/2023/09/the-uaw-and-other-unions-must-focus-more-on-ai-and-automation-in-their-negotiations](https://hbr.org/2023/09/the-uaw-and-other-unions-must-focus-more-on-ai-and-automation-in-their-negotiations) >*HOPE* of being profitable soon and the *HOPE* that the energy sector has the ability needed to power this thing (again, the *HOPE we have the power needed to do this at the scale they want*). labor guys hope it doesn't work out. but when you don't have labor costs, your profit goes up. **Artificial Intelligence: Principles to Protect Workers** [https://aflcio.org/reports/workers-first-ai](https://aflcio.org/reports/workers-first-ai) **Teamsters Endorse Autonomous Vehicle Bill AB 33 Amid Widespread Public Support for Regulation of Job Killing Automation** [https://teamster.org/2025/03/teamsters-endorse-autonomous-vehicle-bill-ab-33-amid-widespread-public-support-for-job-killing-automation/](https://teamster.org/2025/03/teamsters-endorse-autonomous-vehicle-bill-ab-33-amid-widespread-public-support-for-job-killing-automation/) >What are the economies of scale here? how many hotel rooms **IN YOUR CITY** will need to be cleaned this week? **Figure AI's New Humanoid Robot Can Fold Your Clothes, Do the Dishes** [https://www.pcmag.com/news/figure-ais-new-humanoid-robot-can-fold-your-clothes-do-the-dishes](https://www.pcmag.com/news/figure-ais-new-humanoid-robot-can-fold-your-clothes-do-the-dishes) is it reasonable to assume 164k rooms will be cleaned at least once a week on average? 8.5 Million rooms per year in Vegas alone. [https://urbanland.uli.org/development-and-construction/reinventing-las-vegas-hotels-as-iconic-hotels-disappear-new-ones-cash-in-on-luxury-wellness](https://urbanland.uli.org/development-and-construction/reinventing-las-vegas-hotels-as-iconic-hotels-disappear-new-ones-cash-in-on-luxury-wellness) With 164,000 hotel rooms, Las Vegas is the largest hospitality market in the U.S.—outpacing Orlando, Florida, the next biggest market, by approximately 15 percent, according to JLL.
[JLL Signs Non-Binding LOI to List McDermitt on a US Exchange](https://investingnews.com/jll-signs-non-binding-loi-to-list-mcdermitt-on-a-us-exchange/) \- OTC: CSTAF CSTWF "to merge Constellation with Jindalee’s wholly-owned US subsidiary, HiTech Minerals Inc. (HiTech) to form a combined entity (NewCo) (Transaction). HiTech owns the McDermitt Lithium Project1 in Oregon, one of the largest lithium resources in the US (McDermitt Project)."
[The bat colony was found over the past few months in cabins at the Jackson Lake Lodge, a popular eco-hotel and historic landmark located in Grand Teton National Park, according to the National Park Service. The agency has issued a notice for people who were guests at the lodge between May 5 and July 27. \[...\] "Prior to 2017, rabies in Teton County was practically unheard of; since then, rabies in bats has been confirmed almost annually," according to the Teton County Public Health Department.](https://www.usatoday.com/story/news/nation/2025/08/17/rabies-bat-colony-grand-teton-lodge-warning/85701872007/) People from 38 states and seven countries are suspected to have been exposed to bats at JLL. The problem has now been solved. Allegedly. All I can think of is a rabid JPow, literally foaming at the mouth while adding a full point.
Yeah those are good. Also a lot of these places the management and daily ops of the data centers critical facilities are contracted out. CBRE and JLL are two I know of off the top of my head at the moment who works with these companies. Switch keeps everything internal.
$GALT is going to the fucking moon. High volume High increase! a buyout could make it hit 20 insider increased shares from 200k to 1m. FDA approval soon, no competition. They said the 36 month data is on trend with the previous data but they didn't publish, likely rumored due to being in negoitations with a buyer. the company has the safest and only drug likely to be approved by FDA. 18+ billion peak sales yearly. If its true then it'd skyrocket easily. they have to publish the data within two weeks. Examples of buyouts with prices similar to $GALT before the buyout occurred: Arena Pharmaceuticals (ARNA): ~$1.50 to $100 (2021, Pfizer). BioClinica (BIOC): ~$0.70 to $12 (2013, JLL Partners). Dyax Corp (DYAX): ~$1.80 to $37.30 (2015, Shire). InterMune (ITMN): ~$1.60 to $74 (2014, Roche). Achillion Pharmaceuticals (ACHN): ~$1 to $6 (2020, Alexion buyout). Endocyte (ECYT): ~$1 to $24 (2018, Novartis buyout). Pharmacyclics (PCYC): <$1 to $261 (2015, AbbVie buyout). Trillium Therapeutics (TRIL): $0.23 to $18.50 (2022, Pfizer buyout).
How do you think Blackstone, JLL, et al get their syndicates funded? Real estate is considered an alternative investment and is certainly recommended to investors with long term goals that go beyond “matching the market while paying the lowest costs”
If you're a QP there are a number of tax advantaged options available to you, some that are quite a bit more flexible than the JLL exchange. Too much detail to get into here but feel free to DM me
Yes, there are vehicles for that but you need to be a QP. JLL Exchange is one of these and they do use a DST. It's about a two year process to eventually get into a diversified REIT.
When the citi analyst downgraded them a few weeks ago one of the loans they were concerned about was for Echo Street West in Atlanta. It now appears that JLL is marketing that office project for sale without having leased up any of the space https://invest.jll.com/us/en/listings/office/echo-street-west If they get a good price for it they should probably be able to pay back the construction loan but there may be very little interest from investors in a project that has had zero leasing activity!
One of JLL or CBRE or colliers or cushman will probably go Lehman
I work in the datacenter industry and have a good general knowledge of all of the companies involved in the space- investment, land, design & build, collocation, real estate, consulting, vendors/service providers including cooling, servers, racks, water treatment, power busway systems, physical security, cabling, backup generators, batteries, etc. Liquid immersion cooling has been talked about for a long time and is viable but expensive to implement. But now with more and more push for sustainability we may see further adoption. Vertiv is a solid company and easy to work with. They seem organized. I’ll list off a bunch of random companies that are publicly traded you can just look them up- Colocation- equinix, Keppel, digital realty, adaniconnex(part of adani enterprises) EQT recently purchased EdgeConneX also Vendors: Corning, vertiv, Schneider Electric, commscope(price way down), Panduit, Legrand, Eaton Consultant: CBRE, JLL
Calls on $SOUN, $YOU, $CELH, $DELL, and $SNOW Puts on $COCO, $RDFN, $JLL, $AI
I have calls on dell, crm, snow and hims. + First Solar, YOU, HPE, DUO, AAL, SOUN I have puts on bumble, AI, lmnd, JLL
$JLL is going down AH tomorrow. The volume on puts sucks ass. Think I'm gonna short shares.
IMO, the banks will endure the brunt of the actual debt maturing, but firms like JLL will be very negatively impacted by the downstream effects. matured debt and bankrupt borrowers means these places will need to be filled or sit empty, both of which are bearish for the managers. their revenue streams are largely (historically) reliant on leasing/management fees, transaction fees, and REIT management
does JLL report earnings this week?
Would love to hear anyone's thoughts on $JLL puts for their earnigns this week. The pressure cooker that is the CRE industry seems primed to explode. The amount of CRE loans maturing in 2024 is projected to be >30% greater than in 2023 as many were extended with the hope the industry would recover. Add to this the likelihood of a high rate environment through at least the next two quarters.... I would love to hear anyone's thoughts on $JLL puts for their earningsboom. CBRE (JLL comp) predicts that office vacancy will **peak** in 2024 at 20%, and more than 50% of their customers plan to further reduce office space in the next 12 months. You might think, oh, well JLL is diversified away from just CRE ownership. They also do transactions and construction management. Bad news: CBRE projects that # of completed construction projects in 2024 will be **the lowest annual amount since 2014**. JLL has missed expectations the past two quarters and tried to put a rosy spin on it by saying their "resilient business lines" like "Work Dynamics" and "Property Management" did well. In my opinion, this is picking up pennies in front of a steam roller. I think the reckoning of maturing CRE loans and continued high rates can't be ignored in their guidance. Might write a longer dd.
Looking to snap up some puts for JLL earnings next week. Might write a DD on it tonight.
CRE is generally in a bear market. I believe what we saw (JLL up 9% etc) is just a head fake rally. There are a lot of mini rebounds in a bear market, traders try to pick the bottom and when some intraday momentum builds up more money jumps into long positions because there's some FOMO of missing a rebound. But if the fundamentals didn't change the trend doesn't get reversed. Bag holders use these rallies as a chance to unload more and the rebound dies.
To actually answer your question unlike the uninformed others here, there are private REITs that have lower accreditation standards. Like 70/70/250 rule. $70k annual income AND $70k net worth. OR just $250k net worth. You may have to work with an advisor in some capacity to get access through an RIA but it’s worth it if that’s what you want access to. JLL, Starwood, Blackstone, Hines, a lot of large RE managers have vehicles like this.
It looks like CBRE reported earnings before the bell. Looking at the chart there were probably a lot of shorts that probably set a stop at around the 91-92 dollar level expecting a bad report. When earnings surprised to the upside, it triggered a lot of buying to happen as those shorts were getting stopped out of their trades. This caused a cascade of excess buying, which can push price up quite a bit. Whenever you see price rip on an ER beat, it's not just people feverishly buying to go long. It's also people that were short desperately trying to close their trades as fast as possible. If you're short, you close your trade by buying to close. JLL is probably the same story - stocks in the same sector have a contagion effect during earnings season (e.g. good ER for AMD winds up being good for other semis too)
There is no world in where Starwood is filing for bankruptcy soon. What does JLL do? Their bread and butter is managing properties, why would that take a hit if valuations are down? Seems like you don’t have a concrete understanding of CRE.
I managed investments directly into healthcare REITs as part of a diversified equity REIT fund. I was the middle man generating alpha. The whole point of any managed fund is to be better than the benchmark and like I said, you can pick good stocks and weight your sectors better. VNQ is trash because it includes big investments into other Vanguard funds as well as non-REITs like CBRE and JLL.
just added onto my massive JLL and BX short position. SPX going up gave us a good entry
BX announced huge redemptions. They have more exposure than JLL in the holding space but needed to diversify across companies since JLL mostly brokers services. Worth carrying both shorts. Markets will move down. CRE super weak let it crater. I’ve been waiting for another good short entry and this is it.
Shorting Blackstone isn't nearly as wise as shorting JLL
massive JLL and BX short position
So your saying I should apply to JLL?
I am carrying a massive short JLL position as I expect them to have to service debt covenants as the rising rates force them to re-write valuations. This will lead to fire sales. They have not called in the impact of the rising interest rates yet in their models and should reflect negative IRRs. Easy short to carry to $135-140 at least especially with the latest fake pump from earnings.
Puts on CBRE and JLL also.
It can’t. You can’t cheaply and efficiently sublease spaces from institutional asset managers and expect a profit. CB, JLL, Kushman, and others are too smart and sophisticated to leave any room for a lessee to profit by subleasing the space.
Depends on the contract, lease or owned. Some leases leave facilities including HVAC to the store. Especially in the downward spiral malls have had as of late they are pinching every penny. I work for a company that services leased store fronts I deal with it all the time. All depends on what is on the contract. Also many of the idiots handling the lease agreements dont know what they are doing as I have had some bad situations with malls and seeing some stores get shafted but they signed the lease you get what you signed for lol. Its minor stuff but when a company isny doing too well spending big bucks on facilities to get charged some insane fee for a guy to change a lightbulb starts to add up especially if your facilities compamy has high overhead..cough JLL.
Well- that was a material condition of that in particular business improving revenues and such. I dunno if Twitter has increased the material value like the JLL example provided? Is the revenue up and stuff? Nope. It's down for 2 Quarters in a general regression. I could see something like this happening - if the judge wants to be a dick about it. For all of Elon's countersuits and adverse claims about bots and stuff. Just for being a nuisance. But that's probably in a separate ruling? I'm definitely not an expert but my cousin just won a case for her clients- $150 million judgement for something kinda like that. So you never know.
Would this not be the likes of CBRE, JLL and Cushman & Wakefield? Etc
I say JLL Puts too. Amazon leases most of their buildings from JLL 😁😁
JLL good reality stock if bullish or bearish
Agreed completely 🤝 maybe we see a s.r. reshuffling of the deck in the private markets + maybe JLL and WeWork lose a few points for a week or something, cause fuck em But that’s probs it.
If your bearish on reality you should look at JLL they own property around the world
JLL founded in 1783 wtf lol. Also ICE looks like a safe but strong play
Stock I find interesting 1: JLL 2: ICE 3: visa
As I said a couple of weeks ago still bearish on JLL
Put on JLL no body wants to go back to work
Not real estate itself, I apologize for that, from my watchlist even real estate operation stocks have taken a hit - CBRE, BEKE, JLL, etc
I’m in industrial real estate and the only thing I’m touching is industrial REITs like PLD and DRE. Plan to add STAG at some point. These companies may be due for a short term correction so I don’t recommend a swing trade. I’m holding these for at least a decade. I like CBRE as well but I’m waiting for further drops before adding. I don’t like JLL.
Any thoughts on CBRE and JLL (real estate services sector)? I expect the interest rates will hit them a bit but I can’t imagine it justifies the 10% hit they’ve taken this month. Thinking about buying
JLL is one of the largest commercial asset managers and brokerages in the world. What do you want to know?
I honestly hate it but I’m not judging you or being mean. I’d keep F, SPY, PYPL, VB, INTC and maybe JLL
Ticker JLL preformed surprising well during the Covid out break interesting to see if it can hold its gains
Looking back at the 2020 crash, I think throwing some into VUG, VBK, or VTWO would be good. Look for aggressive small cap growth stocks. Also keep an eye on CBRE or JLL if the real estate market tanks again. And lastly, any stocks that look like they could survive the recession but have fallen in price significantly.
They manage/troubleshoot all of the Amazon Robotics systems (conveyor belts, the drives that carry pods, and robotic arms). I haven't looked much into their financials or where most of their revenue comes from honestly. But it seems to me that they're positioning themselves well to be a facilities contractor for any company that relies a lot on automation. I also saw a couple stories about companies shifting to work-from-home models and hiring JLL to sell/rent the building they weren't using anymore (off the top of my head one of the JPM buildings in Manhattan), so they can benefit from a shift. I haven't done proper DD on it though, I just think they're interesting.
JLL? Aside from the amazon angle, that company is managing zombie buildings. Just around me where JLL is one of the big two commercial management companies, at least half of their buildings are empty. They are actually on my short list.
Since I started working in IT for AMZN I've been pretty impressed by, and considered investing in, some of the companies that support Amazon operations. CGNX, ZBRA, and JLL are all interesting companies that have a bit of a moat in some of what they do and will benefit from Amazon growing.
Good morning everyone! My main post has been updated to include my scan filters, my order fills, and my trading process. Hopefully this will be useful and I will get fewer questions about all of this. **The primary breakout candidates I am watching today are PIRS, HOFV, ORMP, and JLL.** PIRS in particular has a fantastic chart and very tight range. It is setting up for some big price action potentially. I will be dumping BBIG on market open to free up $1k specifically for PIRS. The other 3 names look strong as well. **Other breakout candidates today: EAST, BBW, EDRY, WRAP, and perhaps even BB which is showing some strength on the 20 day.** Good luck everyone!
CBRE, JLL, CWK are just a few.
Any thoughts on commercial real estate? Seeing JLL, CWK, CBRE, & MAA as slivers of green in a field of red. My smooth brain isn't making the connection b/w how higher rates might help these firms.
Ohhh that’s kinda fun. $JLL is the closest for me and they seem to be a solid company at first glance. Founded in 1783!