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JLL Predicts Growth, Stability in 2012

CHICAGO-The global CRE firm posted an 18% increase in revenue to $813 million for Q1, even in the hesitant recovery of the quarter from the second half lag of 2011.

By Robert Carr | Updated on May 02, 2012

CHICAGO-Jones Lang LaSalle executives reported gains in revenue and net income in a conference call regarding its first quarter report on Tuesday, even though activity was down for the quarter in compared to Q1 2011. Colin Dyer, CEO, said during the call that investment sales volume should increase for the rest of the year, cap rates should stabilize and most major markets will continue to record positive rent and capital growth in 2012.

The locally based firm recorded $22 million of adjusted net income for the first quarter, compared with$1 million for Q1 2011. The firm’s consolidated revenue grew 18% for the quarter to $813 million compared to $688 million a year ago.

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