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JLL Sees Boost in Brokerage Mergers as Clients Get Bigger

  • Growing real estate investors need advisers with global reach
  • Jones Lang LaSalle on Monday closed its acquisition of HFF
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More commercial real estate brokerages are poised to acquire their competitors in coming months as the industry accommodates investors with bigger pocketbooks and global ambitions, according to the chief executive officer of Jones Lang LaSalle Inc.

“The overall industry is on a consolidation path,” JLL CEO Christian Ulbrich said in a phone interview. “It will probably even accelerate over the next couple of years because our clients are getting bigger.”