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JLL reports record second-quarter fee revenues

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Jones Lang LaSalle Inc. (JLL) today reported adjusted earnings per share of $2.01, up from $1.68 in the prior year, and record second-quarter fee revenues of $1.2 billion, up 17 percent from the year-ago quarter. The Chicago-based global commercial real estate company opened a brokerage in Des Moines in 2014, three years after being named property manager and real estate services provider for Principal Financial Group Inc.’s worldwide holdings. For the six months ended June 30, JLL reported a 12 percent gain in leasing revenues, to $685 million over the year-ago period; a 45 percent gain in revenues from capital markets and hotels, to $400 million; a 9 percent gain in property management revenues, to $736 million; and a 28 percent gain in project and development services revenues, to $371 million.