{"id":1004335601,"date":"2019-07-01T20:57:39","date_gmt":"2019-07-02T04:57:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004335601"},"modified":"2019-07-02T12:22:36","modified_gmt":"2019-07-02T20:22:36","slug":"jll-closes-on-1-8b-acquisition-of-hff","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-closes-on-1-8b-acquisition-of-hff\/","title":{"rendered":"JLL Closes on $1.8B Acquisition of HFF"},"content":{"rendered":"

\"\"<\/a>JLL, one of the biggest commercial real estate services firms in the world, announced yesterday that it had officially closed on its purchase of HFF<\/a>, a Dallas-based market advisory firm, in a cash-and-stock $1.8 billion deal.<\/p>\n

The blockbuster transaction was first announced in March of this year and unanimously approved by both company\u2019s board of directors. HFF\u2019s shareholders approved the deal yesterday. JLL shareholders will now own about 87 percent of the shared company.<\/p>\n

\n

READ ALSO:<\/strong> JLL Spark Invests in Dealpath<\/a>
\n<\/strong><\/p>\n

\n

In an announcement Monday afternoon, JLL said the closing of the acquisition is part of its Beyond<\/em> \u201cstrategic vision,\u201d a company initiative to grow its capital markets business. JLL also said the response to the deal from shareholders, clients and brokers was \u201coverwhelmingly\u201d positive. HFF recorded more than $650 million in revenue in 2018 and had more than 1,000 employees. The acquisition of the firm grows JLL\u2019s team to more than 3,700 capital markets professionals across 47 countries.<\/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. As previously announced, HFF CEO Mark Gibson will join JLL as CEO of capital markets for Americas & co-chair of its global capital markets board.<\/p>\n

The deal is the latest in a string of high-profile real estate mergers, including the $2.7 billion merger<\/a> of Park Hotels & Resorts and Chesapeake Lodging Trust last month, Brookfield Asset Management\u2019s acquisition of Oaktree<\/a> in March, a deal valued at $4.7 billion, and Avison Young\u2019s acquisition of GVA<\/a> in February.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cash-and-stock deal between the two firms was first announced back in March. HFF\u2019s shareholders approved the deal on Monday.<\/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":[32792,32796,41459],"class_list":["post-1004335601","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-hff","tag-jll","tag-mark-gibson"],"acf":[],"yoast_head":"\nJLL Closes on $1.8B Acquisition of HFF - 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-closes-on-1-8b-acquisition-of-hff\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL Closes on $1.8B Acquisition of HFF\" \/>\n<meta property=\"og:description\" content=\"The cash-and-stock deal between the two firms was first announced back in March. HFF\u2019s shareholders approved the deal on Monday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-closes-on-1-8b-acquisition-of-hff\/\" \/>\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=\"2019-07-02T04:57:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-07-02T20:22:36+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-closes-on-1-8b-acquisition-of-hff\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jll-closes-on-1-8b-acquisition-of-hff\/\",\"name\":\"JLL Closes on $1.8B Acquisition of HFF - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-closes-on-1-8b-acquisition-of-hff\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-closes-on-1-8b-acquisition-of-hff\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/business-deals.jpg\",\"datePublished\":\"2019-07-02T04:57:39+00:00\",\"dateModified\":\"2019-07-02T20:22:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-closes-on-1-8b-acquisition-of-hff\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jll-closes-on-1-8b-acquisition-of-hff\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-closes-on-1-8b-acquisition-of-hff\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/business-deals.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/business-deals.jpg\",\"width\":800,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-closes-on-1-8b-acquisition-of-hff\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JLL Closes on $1.8B Acquisition of HFF\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\",\"name\":\"Holly Dutton\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"caption\":\"Holly Dutton\"},\"description\":\"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2018 and has reported on the real estate sector since 2012. She was previously with Real Estate Weekly and the Houston Chronicle. Connect with her on twitter: @HollyDutton\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/hollydutton\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"JLL Closes on $1.8B Acquisition of HFF - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/jll-closes-on-1-8b-acquisition-of-hff\/","og_locale":"en_US","og_type":"article","og_title":"JLL Closes on $1.8B Acquisition of HFF","og_description":"The cash-and-stock deal between the two firms was first announced back in March. 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