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© 2022 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.

120 West 45th Street
Leases  ·  Office
New York City

Tower 45 Signs Four Lease Renewals and Two New Tenants for 39K SF

By Mark Hallum
This industrial property at 1170 Commerce Avenue in the Bronx recently sold for $75 million.
Sales  ·  Commercial
New York City

Link Logistics Buys Bronx Industrial Building From BNS for $75 Million

By Mark Hallum
The Hudson Research Center at 619 West 54th Street is a 320,000-square-foot, mixed-use hub in New York City’s life sciences sector.
Leases  ·  life sciences
New York City

Rensselaer Signs Lab Space Lease at Hudson Research Center

By Greg Cornfield
Industrial is a driving force in who's on top in 2022.
Features
National

Why Industrial Real Estate Is Driving Power 100 in 2022

By Rebecca Baird-Remba
One Vanderbilt reached the sky, as did much of Class A office.
Features
National

Flight to Quality Reached the Moon in 2022

By Tom Acitelli
The Nantucket Creek community is located at 9225 Topanga Canyon Boulevard along State Route 27.
Finance  ·  Refinance
Los Angeles

Universe Holdings Refinances LA Senior Housing

By Greg Cornfield
River Bay Townhomes.
Finance  ·  Acquisition
Washington DC

Linden Property Group Acquires Lexington Park Townhomes

By Keith Loria
1776 Shore Parkway.
Sales  ·  Commercial
New York City

Former Bayside Fuel Oil Site Hits the Market in South Brooklyn

By Rebecca Baird-Remba
An aerial view shows the tower at 444 South Flower in the downtown Financial District
Leases  ·  Office
Los Angeles

Three Law Firms Take 44K SF in Downtown LA

By Greg Cornfield
Dylan Kane (right) and Zach Redding.
Finance  ·  Players
New York City

Colliers Expands NYC Capital Markets Team With Hires From B6

By Andrew Coen
1401 Massachusetts Avenue.
Leases  ·  Office
Washington DC

Compass Heading to New DC Home

By Keith Loria
The Harkhams agreed to pay $35.1 million for 2625 Townsgate Road, a Class A property with 132,037 square feet.
Sales
Los Angeles

Harkham Family Buys Office in Westlake Village

By Greg Cornfield
1359 Broadway.
Leases  ·  Office
New York City

Energy Company, IT Firm and Fashion Brand Sign Leases at 1359 Broadway

By Rebecca Baird-Remba
2 Compass Road.
Finance  ·  Refinance
Pennsylvania

Paramount Refinances Mid-Atlantic Portfolio with $215M

By Keith Loria
Finance
National

Power Finance 2022: How This Year Is Finding New Ways to Challenge CRE Financiers

By Patrick Sisson
Finance
National

Power Finance 2022: How was 2021 for Debt and Equity Brokers?

By Emily Fu
At Home is opening its second New York City location at Bay Plaza Shopping Center in the Bronx.
Leases  ·  Retail
New York City

Decor Retailer At Home Opening 135K-SF Bronx Outpost

By Mark Hallum
315 Park Avenue South.
Leases  ·  Office
New York City

Fintech Firm Cadre Leases 17K SF at 315 Park Avenue South

By Mark Hallum

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July 28th 2020 Magazine Issue Cover
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