US agency numbers pick up in Q2

Nothing like a bit of positive news these days. CB Richard Ellis and Jones Lang LaSalle have both released profits for the second quarter of 2010, as fundamentals in the US market improved.

Sales of investment-grade U.S. commercial real estate rose 32 percent over the first quarter to $20.6 billion, according to preliminary data by real estate research firm Real Capital Analytics, which measures sales greater than $5 million.
“In the U.S., we saw a very strong pickup in property sales and leasing, reflecting recovering market conditions,” Brett White, CB Richard Ellis chief executive, said in a statement. His company posted a second-quarter profit $54.8 million, or 17 cents a share, compared with a loss of $6.6 million, or 2 cents per share, a year ago.
JLL turned in a profit of $32m with revenues rising 18% to $680.3m. “Business prospects for the year remain good, and we are moving forward with confidence while watching market and economic dynamics,” Colin Dyer, Jones Lang LaSalle chief executive, said in a statement.

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