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Jones Lang LaSalle

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About Jones Lang LaSalle

Jones Lang LaSalle provides real estate without borders. The company's services include commercial real estate brokerage, management, advisory, and financing through 200 offices in some 70 countries around the world. It focuses on three main geographic areas: the Americas; Europe, Middle East, and Africa; and Asia Pacific. The company's LaSalle Investment – more... Management arm is a diversified real estate management firm with more than $47 billion in assets under management. Jones Lang LaSalle has expertise in a wide variety of commercial real estate, including office, retail, hotel, health care, industrial, cultural, and multi-family residential properties. Its portfolio includes more than 2 billion sq. ft.

Jones Lang LaSalle has grown by opening new offices and by buying up other companies; during the past half-dozen years it has completed more than 40 acquisitions around the world. However, Jones Lang LaSalle made few new acquisitons in 2009 and 2010 as poor market conditions forced the company to focus on reducing costs and maintaining a healthy balance sheet.

The global financial crisis led to a dip in revenues and net income in 2008 and 2009. However, as the economy, along with the commercial real estate market, began to recover in 2010, Jones Lang LaSalle generated record-setting revenues and again in 2011. Sales topped $3.5 billion in 2011, a 23% increase from the year before. Strong performance in the capital markets and hotel business, as well as Asia Pacific's contributions to Jones Lang LaSalle's global corporate solutions arm, helped drive revenue growth.

In light of the market recovery, Jones Lang LaSalle started making more acquisitions. In 2011 the company completed a total of eight transactions. The company formed Jones Lang LaSalle South Africa following the acquisition of  Bradford McCormack & Associates. The deal gave Jones Lang LaSalle its first dedicated South African office and it opened the company up to more growth in the region. Also that year, the company bought UK-based services firm King Sturge, which has more than 40 offices serving clients across Europe. The deal made Jones Lang LaSalle the UK market leader, ahead of CBRE. Other 2011 deals included acquisitions in the US, Australia, Singapore, and Indonesia. The transaction gave Jones Lang LaSalle additional market share in key markets and expanded capabilities. In 2012 Jones Lang LaSalle expanded its presence in Orange Country, California with the merger of 360 Commercial Partners.

One major trend Jones Lang LaSalle intends to direct its business toward is the increase in demand for global real estate services. The company is looking to serve more clients that outsource jobs overseas in order to cut costs. 

Other priorities for Jones Lang LaSalle include growing its local and regional service operations, developing its ability to provide global capital markets services, and strengthening LaSalle Investment Management's position by developing new products and extending its portfolio capabilities. – less

Jones Lang LaSalle Employer Reviews

Chief Engineer (Former Employee), Chantilly, VAFebruary 6, 2013
FACILITIES COORDINATOR (Current Employee), McLean, VANovember 21, 2013
Maintenance Technician (Former Employee), McLean, VAApril 23, 2012
North America Accounting Manager (Former Employee), New York, NYSeptember 18, 2014
Associate Project Manager & LEED Green Associate (Current Employee), Atlanta, GASeptember 16, 2014

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Working at Jones Lang LaSalle

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