JLL Says AI Demand Turns Data Centers Into 'Hottest Asset Class' [Financial Post (Toronto, Ontario, Canada)]
Jones Lang LaSalle Incorporated (JLL)
Last jones lang lasalle incorporated earnings: 2/11 07:30 am
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Source: Financial Post
a rare bright spot in a commercial-property market faced with rising office vacancies. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Jones Lang LaSalle Inc.'s chief executive officer said demand is soaring for data centers as corporate America embraces artificial intelligence, creating a rare bright spot in a commercial-property market faced with rising office vacancies. “It's the hottest asset class at the moment,” CEO Christian Ulbrich said Monday in a Bloomberg Television interview. “When you believe in AI, the demand for data centers will only go up.” Article content Article content An AI spin on real estate adds to the technology's emerging footprint in the US economy beyond the hardware and software industries. Utility company Dominion Energy Inc. said last week that data-center developers in northern Virginia were asking for the equivalent of several nuclear reactors' worth of power
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News
- Jones Lang LaSalle Incorporated (NYSE: JLL) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Jones Lang (JLL) to Buy SKAE to Boost Data Center Expertise [Yahoo! Finance]Yahoo! Finance
- JLL enhances data center capabilities with strategic acquisition [Yahoo! Finance]Yahoo! Finance
- JLL enhances data center capabilities with strategic acquisitionPR Newswire
- Morgan Stanley to Buy Property Debt From Blackstone Venture, Sources Say [BNN Bloomberg (Canada)]BNN Bloomberg
JLL
Earnings
- 5/6/24 - Beat
JLL
Sec Filings
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 5/1/24 - Form 8-K
- JLL's page on the SEC website