JLL has recently announced its acquisition of Raise Commercial Real Estate, a San Francisco-based brokerage known for its advanced technology in the artificial intelligence sector. This strategic move will provide JLL and its clients with access to Raise’s cutting-edge leasing technology and is expected to be finalized soon. The terms of the agreement have not been disclosed.
According to JLL, the proprietary platform developed by Raise streamlines tasks and offers a top-notch digital experience. This technology will complement JLL’s existing leasing tools like Blackbird, further enhancing brokers’ ability to guide clients in making informed business decisions.
Raise was established in 2016 in San Francisco as one of the first brokerages to introduce a digital real estate management platform. Justin Bedecarre, Co-Founder and CEO of Raise, will now report directly to Andy Poppink as head of Americas leasing innovation at JLL. In this role, he will oversee the integration process between Raise and JLL’s U.S. leasing business.
Bedecarre expressed his excitement about joining forces with JLL: “As we become part of their team,” he said,”we are eager for our technologies reach new heights through seamless integration into their global operations.” He also mentioned that combining their industry-leading tech with Jlll’s strong company culture would result in an enhanced relationship between brokers and clients.
