JLW Advisory

Jones Lang LaSalle

Jones Lang LaSalle, Inc.
Type Public (NYSE: JLL)
Industry Real Estate
Founded 1999 merger of Jones Lang Wootton and
Headquarters United States Chicago, Illinois, USA
Key people

, Chairman Colin Dyer, President and CEO
Lauralee Martin, CFO and COO

Jeff Jacobson, CEO LaSalle Investment Management
Products Real estate services
Investment management
Revenue decrease US $ 2.5 billion (2009)
Operating income decrease US $ 116.404 million (2009)
Employees 36,600 (2009)
Website www.joneslanglasalle.com

Jones Lang LaSalle (NYSE: JLL) is a financial and professional services company specializing in real estate. Global headquarters are located in Chicago, with an operational remit covering the Americas regional market. Sub-headquarters operate in London (covering the Europe, the Middle East and Africa regional market) and Singapore (covering the Asia Pacific regional market).


Jones Lang LaSalle was formed by the merger of Jones Lang Wootton, a British firm with origins dating back to 1783, and LaSalle Partners, an American company formed from a predecessor launched in 1968.

Jones Lang LaSalle is headquartered in the Aon Center in Chicago, Illinois, where it also serves as building manager.

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 CB Richard Ellis . Other major competitors include Cushman & Wakefield and Grubb & Ellis.

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 California Sustainability Alliance's Sustainability Showcase Award, recognized for their mission to minimize buildings’ environmental impacts by creating real value in energy and sustainability for its clients and in its own operations. Jones Lang LaSalle established the first Sustainable University in their industry, training employees in development, management and leasing of sustainable, energy-efficient buildings.


The company’s major businesses include:

Agency Leasing covers space for property owners of all types such as Canary Wharf and Greenwich Peninsula in London; Ile Seguin in Paris; Taiwan’s Taipei 101 Tower .

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 Sun Microsystems technology campus to Conoco-Phillips.

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 World Trade Center site, which includes a 108-story main tower and September 11 Memorial & Museum.

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 real estate investment trusts (REITs) and other real estate securities.

Aside from the commercial real estate industry, the company also serves the residential and government sectors.

Notable personnel

Roger Staubach, former Pro Football Hall of Fame quarterback for the Dallas Cowboys, joined Jones Lang LaSalle’s Board of Directors when his firm The Staubach Company was acquired in 2008.

See also


External links

Retrieved from : http://en.wikipedia.org/wiki/Jones_Lang_LaSalle