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Spark Notes – March 28, 2024
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While JLL Spark discovers and invests in cutting-edge startups for clients, our venture studio, Spark X, takes JLL’s innovation strategy further by building solutions from the ground up. This hands-on approach enables a unique level of flexibility to address specific customer challenges.  Read more about the methodology of Spark X: Pioneering the future of corporate venture studios at JLL, by Spark X Partners Dave Feller and Leonard Speiser.  |
PORTFOLIO COMPANY UPDATES What’s new with our startups Juno plants seeds of mass-timber takeover in East Austin Our portfolio company showcased its first completed development earlier this month at South by Southwest.  The Occupancy Intelligence Index VergeSense publishes its third addition of the index on workplace patterns and employee needs.  Builtworlds 2024 Preconstruction Top 50 Alice Technologies is recognized as a leading solution for generating efficient construction scheduling for complex building projects.  Maximize ROI with real estate experience (REX) data Learn how to leverage REX data to boost tenant retention and acquisition in a webinar with HqO and other CRE workplace experts. April 10, 2024 | 2:00 PM – 3:00 PM ET |
INVESTMENT ACTIVITY New partnerships or follow-ons with our existing portfolio Sertis secures $3.2M in funding to revolutionalize the multifamily insurance market Congratulations to our newest portfolio company for successfully completing an oversubscribed seed funding round!  Sertis is a US-based, tech-driven multifamily insurance MGA (managing general agent), enabling owners to leverage their technology and operations investments to better price and place risk for their assets. For more info, please contact Ajey Kaushal, JLL Spark investor. |
IN THE PRESS Insights in the media from JLL JLL collaborates with Jupiter Intelligence to deliver AI-powered climate risk analytics The new collaboration adds physical climate risk modelling to JLL’s end-to-end real estate Decarbonization Strategy. SEC finalizes groundbreaking climate disclosure rule Download the latest JLL report to learn more about the requirements and how they impact CRE. |
PROPTECH EVENTS Connect with our team at the following events RETCON New York City, New York | April 1-3, 2024 Laurent Grill will attend.  Proptech Workshop at Bonny Doon Bonny Doon, California | April 17, 2024 Raj Singh will speak on the panel “Applying AI in the Built Environment.” CREtech London The Magazine London | May 8-9, 2024 Christian Ulbrich and Raj Singh will open the event with a discussion on the transformative impact of AI on CRE. Arnaud Bouzinac and Sean Wright will attend.  LA First Look Retreat Los Angeles, California | May 9, 2024 Laurent Grill will attend. |
INDUSTRY NEWS Learn more about the current landscape of PropTech investing A new surge in power use is threatening U.S. climate goals nytimes.com | March 14, 2024  AI driving U.S. power growth forecast by 81%, NextEra says bloomberg.com | March 18, 2024  From offices that look like Apple stores to private call booths, here are 5 ways your workplace is changing businessinsider.com | March 19, 2024  Office real estate value likely to plunge 26% through 2025: Moody’s constructiondive.com | March 25, 2024  The office market is in turmoil. So why are rents more expensive? wsj.com | March 26, 2024   To learn more about JLL Spark, visit our website or email us at contact@spark.jll. Interested in potential investment from JLL Spark? Apply here. |