Jones Lang LaSalle
|Traded as||NYSE: JLL|
|Founded||1999 merger of Jones Lang Wootton and LaSalle Partners|
Chicago, Illinois, USA
|Key people||Sheila Penrose, Chairman;
Colin Dyer, President and CEO;
Christie Kelly, CFO;
Jeff Jacobson, CEO LaSalle Investment Management
|Products||Agency Leasing, Capital Markets, Consulting, Facilities Management, Investment Management, Project and Development Services, Property Management, Tenant Representation, Valuations|
|Revenue||US$ 4.0 billion (2013)|
|Operating income||US$ 369 million (2013)|
|Net income||US$ 285 million (2013)|
|AUM||US$ 48 billion (2013)|
|Total assets||US$ 4.597 billion (2013)|
|Total equity||US$ 2.19 billion (2013)|
Jones Lang LaSalle Incorporated ("JLL") is a professional services and investment management 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).
The Company’s real estate services include agency leasing, capital markets, tenant representation, real estate investment banking / merchant banking, property management, corporate finance, facilities management / outsourcing, hotel advisory, project and development management / construction, energy and sustainability services, valuations, value recovery and receivership services, consulting and investment management.
History and mergers
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 Wootton opened its first US office in New York in 1975. In 1997, the initial public offering was completed by LaSalle Partners for the company's common stock in the market.
JLW and LaSalle Partners formed Jones Lang LaSalle in 1999, which was the largest international merger in the real estate industry at the time.
Through a combination of organic growth and mergers and acquisitions the company has grown in recent years. Notable among over 35 M&As in the last decade are the 2007 transaction that created Jones Lang LaSalle Meghraj, the largest real estate firm in India and the 2008 acquisition of The Staubach Company, which added about 1,000 employees in the U.S.
In 2014 the organisation shortened its name to JLL.
The company has about 53,000 employees including professional and support staff. It has over 200 offices worldwide in 75 countries. Global revenue in 2014 was $4 billion and the firm has a portfolio of 3.0 billion square feet under management.
After CBRE Group, the company is the largest publicly traded commercial real estate brokerage firm in the world. Other competitors include Cushman & Wakefield, DTZ,Cassidy Turley, Colliers International and Newmark Grubb Knight Frank.
- Aon Center (Chicago), company headquarters
- DeAnne Julius, Independent Non-Executive Director
- Roger Staubach, Executive Chairman, Americas and Director
- "JLL - Our History". JLL. Retrieved 8 December 2014.
- "Jones Lang LaSalle and the Former Trammell Crow Meghraj Reach Agreement to Merge India Operations". BusinessWire India. 12 June 2007. Retrieved 8 December 2014.
- "Jones Lang LaSalle Acquires Staubach Co., Boosts Tenant Rep Platform". National Real Estate Investor. 18 June 2008. Retrieved 8 December 2014.
- "Jones Lang LaSalle Buys King Sturge to Overtake Competitors in U.K. Market". Bloomberg News. 27 May 2011. Retrieved 8 December 2014.
- "Jones Lang LaSalle becomes JLL". Design Week. 5 March 2014. Retrieved 8 December 2014.
- "Jones Lang LaSalle Recommits to Aon Center for Its Headquarters". PR Newswire. 20 September 2004. Retrieved 8 December 2014.
- "Jones Lang Lasalle Inc Company Profile". Hoovers. Retrieved 8 December 2014.
- "Top 10 Brokerage Firms". National Real Estate Investor. 1 April 2014. Retrieved 8 December 2014.