Jones Lang beats analysts' expectations
Daily Herald (Chicago) reports: Jones Lang LaSalle, the world's second largest publicly traded commercial real estate brokerage, rose 17 percent after the company beat analysts' profit expectations.
JLL lost 71 percent of its market value in the 12 months through February 8, 2009 as financial institutions worldwide recorded more than $1 trillion in mortgage-related losses and writedowns and slashed almost 270,000 jobs. Jones Lang LaSalle and its competitors also confronted a combined 59 percent global drop in commercial property transactions to $495.9 billion last year, according to data from Real Capital Analytics.
View the full article on Daily Herald (Chicago): Jones Lang beats analysts' expectations
Posted by: Nina Turner