Christian Ulbrich, Global CEO of JLLCHICAGO—Commercial brokerage firm JLL in a move to significantly expand its capital markets presence has entered into a definitive agreement to acquire HFF, Inc. in a cash and stock transaction with an equity value of approximately $2 billion.
The two companies reported this morning the transaction has been unanimously approved by the boards of directors of both companies. Mark Gibson, CEO of HFF, will join Chicago-based JLL as CEO, Capital Markets, Americas and co-chair of JLL's Global Capital Markets Board.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
