News

CHICAGO (February 11, 2021) — Chicago (February 11, 2021) – JLL Income Property Trust, an institutionally managed daily NAV REIT advised by LaSalle Investment Management (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with $3.4 billion in portfolio assets, today announced the acquisition of Louisville Distribution Center, a 1 million-square-foot, Class A industrial property located in the top-tier industrial submarket of South Louisville. The purchase price was $95 million.

HONG KONG, SINGAPORE (February 02, 2021) — Asia Pacific has come through the pandemic in stronger shape than any other region to date. Uncertainty will remain a dominant theme in 2021, although there are signs of bifurcated economic and real estate market performance in the region, according to the LaSalle Investment Strategy Annual (ISA) 2021.

CHICAGO (January 20, 2021) — Chicago (January 20, 2021) – JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) advised by LaSalle Investment Management with a portfolio valued at more than $3.3 billion, announced today the completion of multiple long-term lease extensions with investment grade tenants in its portfolio of 12 grocery-anchored shopping centers diversified across nine different states.

CHICAGO (January 19, 2021) — LaSalle is projecting that the U.S. and Canadian real estate markets will begin to recover in 2021 as market conditions thaw amid the accelerating rollout of COVID-19 vaccines and the associated economic rebound. Increasing clarity is expected throughout the year on real estate pricing and the direction of government policy. However, according to LaSalle’s 2021 Investment Strategy Annual (ISA), uncertainty remains for certain property types including office, retail and lodging as long-term hurdles remain.

CHICAGO (January 18, 2021) — LaSalle Investment Management is pleased to announce that it has hired two new leaders to further accelerate the firm’s ESG initiatives. David DeVos has been appointed Global Head of ESG, and Elena Alschuler has joined the firm as Vice President of Sustainability in the Americas.

CHICAGO (January 14, 2021) — JLL Income Property Trust, an institutionally managed daily NAV REIT advised by LaSalle Investment Management (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), announced today the full subscription of JLLX San Marcos DST, a 1031 tax-deferred exchange offering designed to provide accredited investors with the opportunity to defer taxes on gains from the sale of appreciated real estate. 

CHICAGO (January 06, 2021) — JLL Income Property Trust, an institutionally managed daily NAV REIT advised by LaSalle Investment Management (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), today announced the acquisition of Siena Suwanee Town Center, a 240-unit, luxury apartment community in the affluent north-Atlanta suburb of Suwanee, Georgia.  The purchase price was approximately $70 million.

MUNICH (December 16, 2020) — LaSalle will develop the first hybrid timber office building in Munich on behalf of Encore+, its flagship pan-European fund (“the Fund”), in collaboration with ACCUMULATA Real Estate Group (“Accumulata”). The planned sustainable building will be developed in Munich, at Elsenheimerstrasse 31, a partial development of a site owned by the Fund and acquired in 2019.

CHICAGO (December 14, 2020) — LaSalle Investment Management (LaSalle) is pleased to announce it has been named a Best Place to Work in Money Management for 2020 by Pensions & Investments (P&I). This marks the fifth consecutive year LaSalle has received this prestigious recognition.

CHICAGO (December 07, 2020) — LaSalle Investment Management (“LaSalle”), an operationally independent subsidiary of Jones Lang LaSalle Incorporated (NYSE: JLL), announced today that Mark Gabbay, currently CEO and CIO of LaSalle Asia Pacific, will assume the role of LaSalle Global CEO, effective January 1, 2021. Gabbay will succeed Jeff Jacobson, who is transitioning leadership after a 14-year tenure as LaSalle Global CEO. Jacobson will stay on as LaSalle Chairman through at least June 2021 and will continue to work closely with the leadership team to ensure a smooth transition and continued momentum in the business.