J
ones Lang LaSalle JLL has announced its agreement to acquire Raise Commercial Real Estate, a technology-driven brokerage that offers client solutions through a digital real estate platform. The deal is expected to close shortly and will grant JLL access to Raise's industry-leading leasing technology, enhancing its global platform.

    Raise operates a cloud-based application that streamlines the leasing lifecycle for clients and their advisors. Its proprietary technology simplifies tasks while delivering a market-leading digital experience. This innovative technology will complement JLL's existing leasing tech, such as Blackbird, allowing brokers to make informed business decisions.

    The acquisition highlights JLL's commitment to enhancing its digital leasing capabilities to drive better results for clients. Raise was founded in San Francisco in 2016 and has since grown rapidly with offices throughout the United States.

    According to Mihir Shah, CEO of JLL Technologies, "Acquiring Raise underscores our dedication to delivering cutting-edge proptech innovation for the benefit of our clients." John Gates, CEO of Americas Markets at JLL, added that Raise strengthens JLL's platform with market-leading technology and seasoned brokers.

    This acquisition is part of JLL's global growth strategy, which involves strategic investments in technology and innovation. The company continues to look for opportunities to invest in its business, both organically and through mergers and acquisitions.

    JLL's superior client services and strategic investment in technology have helped it navigate challenging times and grow market share. Over the past six months, shares of JLL have rallied 37.1% compared with the industry's upside of 21.4%.