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© 2017 Observer Media · Terms · Privacy

JLL

JLL—short for Jones Lang LaSalle—is one of the largest commercial real estate services companies globally. It manages properties and brokers deals in pretty much every sector of the industry in every market, including retail, office, industrial and hospitality in large regions such as Los Angeles, Chicago and New York.

JLL is also noted for its investment sales services and its research into commercial real estate trends.

The Chicago-based company has approximately 91,000 employees in 80 countries, ranking it with only a handful of other such firms in reach and client roster. As of 2020, the publicly traded JLL was managing some 4.6 billion square feet of facilities and properties worldwide, and it handled 37,500 leasing transactions covering 1.07 billion square feet in 2019, according to its website.

The origins of this hugeness lay in the 1999 merger of Jones Lang Wootton and LaSalle Partners. Those companies dated from the 1700s and the 1960s, respectively.

Acquisitions followed, including the Staubach Company in 2008. In 2019, JLL acquired capital markets services firm HFF, which had more than $650 million in revenue the previous year. The HFF deal was reportedly valued at $2 billion in stock and cash.

Christian Ulbrich is JLL’s global president and chief executive, and Peter Riguardi is the president of JLL’s operations in the New York area.

Andrew Jones.
Industry  ·  Players
Washington DC

Brookfield Properties Leasing Exec Joins JLL’s Bethesda Office

By Keith Loria
Clockwise from top left: Denise Katz, Chris Brown, Nhan Nguyen, and Cara Leonard-Munn.
Industry
Los Angeles

SoCal Industry Roundup: Cityview to Bellwether Make New Hires

By Greg Cornfield
 
Trending Stories
Sales  ·  Residential
Florida

Nuveen Pays $47M for 192-Unit Apartment Complex in South Florida

Finance  ·  Industry
National

USAA Real Estate Completes Acquisition of Square Mile Capital Management

Leases  ·  Retail
New York City

Hungry Ghost Coffee to Open First Full Manhattan Store at 315 Bleecker Street

Sales  ·  Commercial
Washington DC

Silver Spring’s Orchard Center Formerly Occupied By ShopRite Acquired for $16M

41 Madison Avenue
Leases  ·  Office
New York City

IT Firm Mphasis Inks 14K SF Sublease at 41 Madison Avenue

By Nicholas Rizzi
Hillsboro Center.
Leases  ·  Office
Miami

DNA Labs Signs for 25K SF HQ in Deerfield Beach

By Hortense Leon
A rendering of what's to come at 1031 N. Vermont Street.
Sales  ·  Land
Washington DC

Arlington, Va., Site Sold To Make Way for Apartment Building and Townhomes

By Keith Loria
45 West 34th Street
Leases  ·  Office
New York City

Winchendon School Ditches Brooklyn for 12K SF in Midtown

By Nicholas Rizzi
 
Trending Stories
Sales  ·  Residential
Florida

Nuveen Pays $47M for 192-Unit Apartment Complex in South Florida

Finance  ·  Industry
National

USAA Real Estate Completes Acquisition of Square Mile Capital Management

Leases  ·  Retail
New York City

Hungry Ghost Coffee to Open First Full Manhattan Store at 315 Bleecker Street

Sales  ·  Commercial
Washington DC

Silver Spring’s Orchard Center Formerly Occupied By ShopRite Acquired for $16M

Robert Knakal.
Columnists
National

I Want My, I Want My, I Want My 421a

By Robert Knakal
2-33 50th Avenue
Sales  ·  Mixed Use
New York City

The Vorea Group in Contract for LIC Development Site for $90M

By Nicholas Rizzi
Lido Marina Village in Newport Beach, Calif.
Finance  ·  Refinance
California

Perseverance Rewards DJM With $70M Recap of SoCal Mixed-Use Waterfront Asset

By Andrew Coen
Be our guest!
Finance  ·  Features
National

Hospitality Credit Markets Are Beginning to Stir After Long Slumber

By Mack Burke
Lucy Kitchin.
Players
Washington DC

Lucy Kitchin to Focus on Expanding Government Services in New Role at Transwestern

By Keith Loria
A rendering of The Lowe in Savannah, Ga.
Finance  ·  Construction
Georgia

ACRES Capital Lends $24M for Georgia Multifamily Complex

By Andrew Coen
The property on Wilshire Boulevard is anchored by USC’s Keck Medical Center.
Sales
Los Angeles

LaSalle Acquires Beverly Hills Medical Office From UBS Realty for $74M

By Greg Cornfield
The 30-story office tower at 123 North Wacker Drive in Chicago.
Finance  ·  Refinance
Chicago

Mesa West Provides $37M Mezz Loan in LaSalle’s Chicago Office Tower Refi

By Mack Burke
Solar Carve Tower
Leases  ·  Office
New York City

Hedge Fund RTW Investments Nearly Doubles Presence at Solar Carve Tower

By Nicholas Rizzi
Citigroup's new lobby includes a "town square" with seating and a Starbucks, all designed by SOM and Gensler.
Leases  ·  Coronavirus
New York City

Citigroup Going Hybrid, Further Complicating the Office Market’s Future

By Tom Acitelli
Robert Knakal.
Columnists
New York City

How Much Can New York Squeeze Out of Someone?

By Robert Knakal
An aerial view of Manhattan. Lev is based in Soho.
Finance  ·  Technology
New York City

Lev Closes $10M Seed Round Backed by JLL Spark and LoopNet, Trulia Founders

By Mack Burke

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July 28th 2020 Magazine Issue Cover
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