{"id":1004309627,"date":"2019-03-19T06:22:59","date_gmt":"2019-03-19T14:22:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004309627"},"modified":"2019-03-19T06:22:59","modified_gmt":"2019-03-19T14:22:59","slug":"jll-to-acquire-hff-for-2b","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-to-acquire-hff-for-2b\/","title":{"rendered":"JLL to Acquire HFF for $2B"},"content":{"rendered":"

\"\"<\/a>JLL, the global real estate and investment management firm, has agreed to acquire HFF, a Dallas-based brokerage firm. The transaction, which is slated to close in the third quarter, is valued at roughly $2 billion. Once the cash-and-stock deal is completed, JLL shareholders will own about 87 percent of the shared company.<\/p>\n

HFF was launched in 1998 and provides capital markets and brokerage services to commercial real estate owners. Since its inception, the company has closed more than $800 billion in more than 27,000 transactions. In 2018, HFF reported record revenue of more than $650 million.<\/p>\n

HFF CEO Mark Gibson will join JLL as CEO of capital markets for Americas & co-chair of its global capital markets board.<\/p>\n

“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,\u201d <\/em>said Christian Ulbrich, global CEO of JLL, in prepared remarks. \u201cI believe that combining our organizations will deliver a range of compelling benefits for our clients, employees and shareholders.”<\/em><\/p>\n

The deal is the latest in a string of high-profile real estate mergers, including Brookfield Asset Management\u2019s acquisition of Oaktree<\/a> last week, a deal valued at $4.7 billion, and Avison Young\u2019s acquisition of GVA<\/a> last month.<\/p>\n","protected":false},"excerpt":{"rendered":"

The global real estate giant will purchase the Dallas-based brokerage firm in a cash-and-stock deal expected to close in the third quarter.<\/p>\n","protected":false},"author":745,"featured_media":1004309684,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21743,21808,16,23891,21742],"tags":[40598,32792,32796,41459],"class_list":["post-1004309627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-deals","category-featured","category-international","category-national","category-latest","tag-christian-ulbrich","tag-hff","tag-jll","tag-mark-gibson"],"acf":[],"yoast_head":"\nJLL to Acquire HFF for $2B - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jll-to-acquire-hff-for-2b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL to Acquire HFF for $2B\" \/>\n<meta property=\"og:description\" content=\"The global real estate giant will purchase the Dallas-based brokerage firm in a cash-and-stock deal expected to close in the third quarter.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-to-acquire-hff-for-2b\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-19T14:22:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/business-deals.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-to-acquire-hff-for-2b\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jll-to-acquire-hff-for-2b\/\",\"name\":\"JLL to Acquire HFF for $2B - 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