Jones Lang LaSalle Incorporated (JLL) is a global real estate services company, founded in the United Kingdom with offices in 80 countries. The company also provides investment management services worldwide, including services to

institutional An institution is a humanly devised structure of rules and norms that shape and constrain social behavior. All definitions of institutions generally entail that there is a level of persistence and continuity. Laws, rules, social conventions and ...

and

retail investor There are two basic financial market participant distinctions, investors versus speculators and institutional versus retail. Action in financial markets by central banks is usually regarded as intervention rather than participation. Sup ...

s, and to

high-net-worth individual In the financial services industry, a high-net-worth individual (HNWI) is a person who maintains liquid assets at or above a certain threshold. Typically the criterion is that the person's financial assets (excluding their primary residence) are ...

s, as well as technology products through JLL Technologies, and

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

investments via its PropTech fund, JLL Spark. The company is ranked 193 on the ''Fortune'' 500.

History

After LaSalle Partners'

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

(IPO) in 1997, which was led by its first CEO, Stuart Scott, it merged with Jones Lang Wootton in 1999, to form Jones Lang LaSalle (JLL) as part of a $435 million deal. Jones Lang Wootton was a

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

auction An auction is usually a process of Trade, buying and selling Good (economics), goods or Service (economics), services by offering them up for Bidding, bids, taking bids, and then selling the item to the highest bidder or buying the item from th ...

eer that originated in the 1700s. By 1976, Jones Lang Wootton had expanded into the United States real estate market in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

. The company had 4,000 employees in 33 countries around the time of the merger with LaSalle Partners. William Sanders founded the real estate company International Development Corp in 1966 in

El Paso, Texas El Paso (; ; or ) is a city in and the county seat of El Paso County, Texas, United States. The 2020 United States census, 2020 population of the city from the United States Census Bureau, U.S. Census Bureau was 678,815, making it the List of ...

. Sanders renamed the company LaSalle Partners in 1968 and relocated to

Chicago Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...

Illinois Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. It borders on Lake Michigan to its northeast, the Mississippi River to its west, and the Wabash River, Wabash and Ohio River, Ohio rivers to its ...

. The company first offered

investment banking Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by und ...

, investment management, and land services. By 1997, LaSalle had grown into three business divisions, Management Services, Corporate and Financial Services, and Investment Management, with ten U.S. corporate offices and seven international offices. JLL purchased The Staubach Company in 2008. Roger Staubach served as executive chairman of JLL from 2008 until he retired in 2018. JLL merged with UK-based King Sturge in a £197 million deal in 2011. The combined business, with 2,700 employees and 43 offices, created the largest property agent in the UK, as reported by ''

The Telegraph ''The Telegraph'', ''Daily Telegraph'', ''Sunday Telegraph'' and other variant names are often names for newspapers. Newspapers with these titles include: Australia * The Telegraph (Adelaide), ''The Telegraph'' (Adelaide), a newspaper in Adelaid ...

'' in 2011. The company acquired Irish-based Guardian Property Asset Management in 2015. LaSalle Investment Management, a subsidiary of JLL, managed $58 billion in real estate investments for institutional and retail clients, as of 2016. JLL had acquired 80 companies and established 100 offices worldwide by 2016. The company expanded from commercial real estate services to include property technology, or "proptech", with the 2017 launch of its JLL Spark division. In June 2018, JLL Spark created a $100 million venture fund to invest in real estate start-ups, such as a technology to link office users with co-working spaces. JLL announced the acquisition of HFF in a deal worth $2 billion in March 2019. The acquisition was completed in July 2019 and worth $1.8 billion. In 2021, the company's technology division sold Stessa, the single-family rental asset management software company it acquired in 2018, to Roofstock as part of a deal in which JLL acquired a minority stake in Roofstock and it would provide services to JLL's clients. JLL manages the London offices of the social media company

Facebook Facebook is a social media and social networking service owned by the American technology conglomerate Meta Platforms, Meta. Created in 2004 by Mark Zuckerberg with four other Harvard College students and roommates, Eduardo Saverin, Andre ...

. In July 2021, JLL sought the removal of a cleaner from the offices when, in his capacity as a trade union representative, he organised a protest against a doubling of the cleaners' workloads. In August 2021, JLL announced the acquisition of Skyline Al which is an AI platform that provides a comprehensive analysis of commercial real estate properties. In late 2021 and early 2022, JLL made two "proptech" acquisitions. In November 2021, it purchased the property management software company Building Engines, and in February 2022 it acquired Hank, a company developing AI-based technology to improve the energy efficiency of buildings. In June 2023, JLL launched Carbon Pathfinder, a software tool it had developed for companies to identify the

carbon emissions Greenhouse gas (GHG) emissions from human activities intensify the greenhouse effect. This contributes to climate change. Carbon dioxide (), from burning fossil fuels such as coal, petroleum, oil, and natural gas, is the main cause of climate chan ...

from their buildings and ways to reduce those emissions. The company developed a

large language model A large language model (LLM) is a language model trained with self-supervised machine learning on a vast amount of text, designed for natural language processing tasks, especially language generation. The largest and most capable LLMs are g ...

(LLM) tool called JLL GPT for its employees, and launched it in August 2023. It was the first such model to be launched by a major real estate services company. The generative AI model is being trained on JLL's data as of 2023 and was developed to be able to answer questions about commercial real estate. In 2024, the company announced a partnership with IBM, using IBM's technology to develop a platform that tracks sustainability data for JLL's clients' commercial properties. According to the company, the platform is intended to collect data and provide reporting on JLL's clients' environmental sustainability goals, including decarbonization. In 2024, JLL also acquired two technology companies to expand its services. The firm acquired data center services company ''SKAE Power Solutions'' in May 2024, forming a technical services division called SKAE, a JLL company. They also acquired ''Raise Commercial Real Estate'', a firm that had developed a technology platform for companies to manage their real estate holdings. In March 2025, the company acquired renewable energy sector investment bank Javelin Capital.

Operations

JLL is headquartered in Chicago, Illinois, and as of October 2018 was the second-largest, by total transactions, public brokerage firm in the world ($162.12 billion). The company has more than 112,000 employees in 80 countries, . Services include investment management, asset management, sales and leasing, property management, project management, development, and property technology. In 2014, the organization shortened its name to JLL for marketing purposes, while the legal name remained Jones Lang LaSalle Incorporated. Former company president Christian Ulbrich succeeded Colin Dyer as CEO in October 2016. Karen Brennan was named CFO on June 22, 2020 effective July 15, 2020. Sheila Penrose served as board chairwoman starting in 2005, and was replaced by Siddharth ("Bobby") Mehta in 2020. In 2022, JLL founded the JLL Foundation, a

non-profit organization A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or so ...

focused on

climate change Present-day climate change includes both global warming—the ongoing increase in Global surface temperature, global average temperature—and its wider effects on Earth's climate system. Climate variability and change, Climate change in ...

and

sustainability Sustainability is a social goal for people to co-exist on Earth over a long period of time. Definitions of this term are disputed and have varied with literature, context, and time. Sustainability usually has three dimensions (or pillars): env ...

. The foundation provides zero-interest loans to startup companies that provide or are developing sustainable products or technologies, for example recycling plastic waste into construction products.

References

External links

* {{DEFAULTSORT:Jones Lang Lasalle Companies listed on the New York Stock Exchange Companies based in Chicago Real estate services companies of the United States Shopping center management firms Real estate companies established in 1999 Property services companies of the United Kingdom Commercial real estate companies 1999 establishments in Illinois Companies in the S&P 400