JLL (company)
| File:Jones-lang-lasalle-logo.gif | |
| Company type | Public (NYSE: JLL) |
|---|---|
| ISIN | US48020Q1076  |
| Industry | Real Estate |
| Founded | 1999 merger of Jones Lang Wootton and LaSalle Partners |
| Headquarters |  Illinois, USA |
Key people | Colin Dyer, CEO |
| Products | Real estate services Investment management |
| Revenue |  US $ 2,697.59 million (2008) |
 US $ 151.46 million (2008) | |
| Website | www.joneslanglasalle.com or www.jll.com |
 | This article contains content that is written like an advertisement. (March 2009) |
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Jones Lang LaSalle (NYSE: JLL) is a financial and professional services company specializing in real estate. It is considered the second largest publicly traded commercial real estate brokerage firm in the world, behind CB Richard Ellis[1]. The company prides itself on being the only company in its industry making it into Forbes magazine's "400 Best Big Companies in America" [2] as well as one of the most admired firms in its industry in terms of global competitiveness.[3]
Overview
Jones Lang LaSalle was formed by the 1999 merger of LaSalle Partners Incorporated and Jones Lang Wootton.[4] The former Jones Lang Wootton (JLW) had its beginning in 1783, when Richard Winstanley established business as an auctioneer in Paternoster Row, London. LaSalle Partners Incorporated was founded under the name IDC Real Estate in 1968 in El Paso.
Jones Lang LaSalle is headquartered in the Aon Center in Chicago, Illinois, where it also serves as building manager.[5]
The company has about 36,200 employees including professional and support staff, with approximately 170 offices worldwide and operates in more than 700 cities in 60 countries. Global revenue in 2008 was $2.7 billion and the firm has a global portfolio of more than 1 billion square feet under management[6][7].
Services
Investor & Occupier Services
Jones Lang LaSalle's mainstream businesses include investor & occupier services (IOS) such as agency leasing, investment sales & acquisitions, corporate capital markets, real estate investment banking, property management, facility management, energy management, project development, valuation, research and consulting. The company's hotel advisory arm provides mainstream services specifically catered to the hotel industry. Aside from the commercial real estate industry, the company also serves the residential and government sectors[8].
LaSalle Investment Management
LaSalle Investment Management, the company's money management arm, competes with other major real estate investment managers such as ING Real Estate, TIAA-CREF, Prudential Real Estate, RREEF Alternative, Morgan Stanley, JPMorgan Asset Management, and UBS Global Real Estate [9]. Its real estate investment products and services 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[10].
Corporate citizenship
Jones Lang LaSalle was named to Fortune magazine's list of the 100 Best Places to Work For in the U.S. in 2007 [11] and The Ethisphere Institute's World's Most Ethical Companies list in 2008.[12].
See also
- DeAnne Julius, Independent Non-Executive Director
- Roger Staubach, Executive Chairman, Americas and Director
- Lauralee Martin, Chief Operating and Financial Officer, Executive Vice President, Director
- Aon Center (Chicago)
Major national competitors
- Holliday Fenoglio Fowler
- Cushman & Wakefield
- Eastdil Secured
- Grubb & Ellis
- CB Richard Ellis
- Marcus & Millichap
References
- ^ Bloomberg "Genco, Lazard, Massey, Nalco, Nova, Ryder: U.S. Equity Movers", Bloomberg, 4 February 2009
- ^ Zajac, Brian. "America's Best Big Companies", Forbes, December 21, 2006. Accessed June 8, 2008.
- ^ CNN Money. "World's Most Admired Companies 2009: Jones Lang LaSalle snapshot", Fortune, 2009.
- ^ The Indian Express"Jones Lang, LaSalle merger", The Indian Express, March 19, 1999. Accessed June 8, 2008.
- ^ PR Newswire"Jones Lang LaSalle Recommits to Aon Center for Its Headquarters", PR Newswire, September 20, 2004. Accessed Mar 17, 2009.
- ^ Yahoo! "JLL: Key Statistics", Yahoo! Finance, 2008
- ^ Hoover's"Fact Sheet, Jones Lang LaSalle"
- ^ Reuters. "Jones Lang LaSalle Inc (New York Stock Exchange)", Reuters. Accessed Mar 17, 2009.
- ^ PI Online. "Largest real estate investment managers", Pensions & Investments, June 30, 2008. Accessed Feb 4, 2009.
- ^ Reuters. "Jones Lang LaSalle Inc (New York Stock Exchange)", Reuters. Accessed Mar 17, 2009.
- ^ CNN Money. "100 Best Companies to Work for 2007: Jones Lang LaSalle snapshot", Fortune. Accessed Mar 21, 2009.
- ^ The Earth Times. "Jones Lang LaSalle Named to 2008's 'World's Most Ethical Companies' List by the Ethisphere Institute at The Forbes, Ethisphere Joint-Conference ", PRNewswire. Accessed Mar 21, 2009.