Skip to main content

JLL Buys HFF for $2B

Phil Hall
Mar 19, 2019
New York Attorney General Letitia James and New York Superintendent of Financial Services Linda Lacewell have announced a $3.75 million settlement against Columbia, S.C.-based Vision Property Management LLC

In one of the largest takeovers in the commercial real estate space, Jones Lang LaSalle Inc. (JLL) has announced that it will acquire all outstanding shares of HFF Inc. in a cash and stock transaction with an equity value of approximately $2 billion.
 
As part of the transaction, HFF CEO Mark Gibson will join JLL as CEO of Capital Markets, Americas, and will become co-chairman of its Global Capital Markets Board. In a press statement, JLL noted the acquisition will enable it to “rapidly scale its U.S. Capital Markets presence, accelerate growth of its debt advisory business in Europe and Asia Pacific and drive increased operating efficiency globally.”
 
“The combination with HFF provides a unique opportunity to accelerate growth and establish JLL as a leading capital markets intermediary, with outstanding capabilities,” said Christian Ulbrich, Global CEO of JLL. “We have long admired HFF for its expertise and leading reputation in the industry, as well as its client-first culture of teamwork, ethics and excellence, which aligns with our own. I believe that combining our organizations will deliver a range of compelling benefits for our clients, employees and shareholders.”

 
Published
Mar 19, 2019
Helping the H.E.L.P.E.R.s

Federal bill poised to open up market to more teachers, first responders

Dec 01, 2023
Fidelity National Financial Hit By Cyberattack

Industry-leading provider of title insurance and settlement services radio silent on reported breach.

Nov 28, 2023
Citizens Bank Bids Farewell To Wholesale Mortgage Channel

In a strategic pivot, the Providence-based banking giant will stop accepting new wholesale mortgage submissions.

Nov 16, 2023
Surprising Surge In Mortgage Customer Satisfaction, J.D. Power Study Reveals

Study found first-time homebuyers were harder to satisfy, customers don't just shop rates.

Nov 16, 2023
Women Continue To Defy Homebuying Challenges, Representing 22% Of The Market, Survey Finds

Young, educated, diverse, and increasingly savvy, women homebuyers navigate homeownership hurdles with determination.

Nov 15, 2023
Better.com Stays Bullish On Industry Disruption Amid Q3 Losses

Despite a $340 million Q3 loss, Better.com's leadership emphasizes cost reductions, automation, and investment in technology.

Nov 15, 2023