Jones Lang LaSalle
|Type||Public (NYSE: JLL)|
|Founded||1999 merger of Jones Lang Wootton and|
|Key people||CEO LaSalle Investment Management|
|Products||Real estate services |
Jones Lang LaSalle (
Jones Lang LaSalle was formed by the merger of
The company has about 36,600 employees including professional and support staff. It has approximately 180 offices worldwide and operates in over 750 locations in 60 countries. Global revenue in 2009 was $2.5 billion and the firm has a global portfolio of more than 1.6 billion square feet under management.
The company is considered the second largest publicly-traded commercial real estate brokerage firm in the world, behind
Company size has increased in recent years through a combination of organic growth and mergers and acquisitions. Among the 30 M&As in 13 nations in the past three years was the 2008 acquisition of The Staubach Company, which added about 1,000 employees in the U.S.
In 2009, Jones Lang LaSalle received the
The company’s major businesses include:
Capital Markets to help organizations buy and sell properties, and improve the financial impact of their real estate portfolios. The firm handled $82 billion (U.S. dollars) in transaction volume in 2007, and recent activities include the sale of a 432-acre (1.75 km) Denver
Consulting to develop workplace strategies such as occupancy planning, relocations, and energy and environmental sustainability initiatives. Current consulting projects include helping the United States military and Veterans Administration reduce and realign their installations and developing New York’s 1
Facilities Management for a variety of properties including office towers, retail and exhibition centers, and government, collegiate and industrial complexes. Recent activities include management of the Dubai World Trade Center and the “Bird’s Nest” Beijing National Stadium since its inception, including the 2008 Summer Olympics.
Project and Development Services to manage ground-up creation, building construction and major interior renovations. Recent projects include a $20 million “green” retrofit of New York’s Empire State Building in conjunction with the Clinton Climate Initiative , and ground-up development of One Bryant Park, New York City’s second-tallest skyscraper and the world’s first major office tower created to meet LEED platinum environmental standards.
Property Management services that provide on-site administration to help owners of office, industrial, retail and specialty properties reduce costs and enhance their property values.
Tenant Representation for organizations that lease large spaces.
Valuations that provide impartial assessments of real estate worth.
Jones Lang LaSalle Hotels, a division focused on real estate/financial services for the hospitality industry such as the one-time sale of 13 Japanese lodging facilities totaling 5,000 rooms, the largest single hotels transaction in Asia.
LaSalle Investment Management, a subsidiary that makes real estate investments for clients through individual accounts and managed commingled funds. Its real estate investment products include direct investments through separate accounts and commingled funds, as well as indirect investments in publicly traded
Aside from the commercial real estate industry, the company also serves the residential and government sectors.
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