Advertisement
YOU ARE HERE: LAT HomeCollectionsJones Lang Lasalle Inc
IN THE NEWS

Jones Lang Lasalle Inc

FEATURED ARTICLES
BUSINESS
April 27, 2000 | Jesus Sanchez
CB Richard Ellis Inc., Jones Lang LaSalle Inc. and Trammell Crow Co. said their North American joint venture will be focused initially on procurement, transactions, support services and business-to-business and business-to-consumer initiatives. The three firms will have equal ownership in the new venture, which is expected to operate as a separate business with a distinct brand. The venture's services are expected to be rolled out beginning this summer.
ARTICLES BY DATE
BUSINESS
April 27, 2000 | Jesus Sanchez
CB Richard Ellis Inc., Jones Lang LaSalle Inc. and Trammell Crow Co. said their North American joint venture will be focused initially on procurement, transactions, support services and business-to-business and business-to-consumer initiatives. The three firms will have equal ownership in the new venture, which is expected to operate as a separate business with a distinct brand. The venture's services are expected to be rolled out beginning this summer.
Advertisement
BUSINESS
December 8, 2005 | From Bloomberg News
An investment firm owned in part by CalPERS agreed to buy CenterPoint Properties Trust, which invests in industrial property in the Chicago area, for $50 a share in cash, or $2.4 billion. The buyer, CalEast Industrial Investors, invests in warehouses and distribution centers in North America. Its members include the California Public Employees' Retirement System and LaSalle Investment Management Inc., a unit of Chicago-based real estate services giant Jones Lang LaSalle Inc.
BUSINESS
July 2, 1999 | Jesus Sanchez
Kennedy-Wilson Inc., a real estate services company based in Los Angeles, said it acquired Jones Lang Wootton California Inc., which manages about 7 million square feet of office and industrial properties in the state. The purchase price was not disclosed. The regional property manager firm is a subsidiary of the international real estate investment and services firm Jones Lang LaSalle Inc.
BUSINESS
February 7, 2007 | From Bloomberg News
CB Richard Ellis Group Inc., the largest commercial real estate broker by market value, said fourth-quarter earnings climbed 31% on increased demand for office and retail space in the U.S., Europe and Asia. Net income rose to $125.1 million, or 53 cents a share, from $95.4 million, or 41 cents, a year earlier, the El Segundo-based company said. Revenue increased 36% to $1.41 billion. Analysts in a Bloomberg survey estimated profit at CB Richard Ellis of 55 cents a share for the quarter.
BUSINESS
July 13, 2000 | From Bloomberg News
CB Richard Ellis Services Inc., the largest U.S. commercial property broker, and two of its rivals agreed Wednesday to invest $30 million in SiteStuff.com Inc. to create an Internet-based procurement business for the real estate industry. Los Angeles-based CB Richard Ellis, Chicago-based Jones Lang LaSalle Inc. and Dallas-based Trammell Crow Co. said they would purchase all property management maintenance, repair, and operations products and services on behalf of their clients through SiteStuff.
BUSINESS
July 13, 2010 | By Roger Vincent, Los Angeles Times
General Growth Properties Inc., owner of the Glendale Galleria and other large Southland shopping centers, said Monday that it agreed to immediately hand over its third-party management business to real estate services giant Jones Lang LaSalle Inc. The portfolio of 18 malls from New York to California formerly managed by General Growth includes the Burbank Town Center. About 200 employees who manage the centers and 30 corporate employees now work for Jones Lang LaSalle. Both companies are based in Chicago.
BUSINESS
June 17, 2008 | From the Associated Press
Real estate services firm Jones Lang LaSalle Inc. said Monday that it would buy Staubach Co., a realty firm founded in 1977 by former Dallas Cowboys quarterback Roger Staubach. Jones Lang will pay $613 million over five years for Staubach, including $123 million in cash and $100 million in stock at closing and the balance in cash over five years. It will pay as much as $114 million more depending on whether Staubach reaches performance goals. Jones Lang said the deal would strengthen its tenant-representation business and add to earnings per share beginning next year.
BUSINESS
February 26, 2002 | From Bloomberg News
Cushman & Wakefield Inc., the second-largest U.S. real estate company, formed a joint venture with Premas International Ltd. to provide real estate brokerage and other services to companies expanding in China. The venture will offer consulting, brokerage and asset management to international firms doing business in China and Chinese firms looking to expand abroad, Cushman spokesman Terry Spillane said.
BUSINESS
February 18, 2004 | Roger Vincent, Times Staff Writer
Los Angeles real estate services giant CB Richard Ellis Group Inc. wants to go public -- again. The company plans to sell as much as $150 million worth of stock in an initial public offering, according to a Tuesday filing with the Securities and Exchange Commission. The filing didn't reveal how many shares the company planned to sell, an estimated offering price or when the shares would be sold. The money would be used to pay off debt -- including the remaining $38.
BUSINESS
November 1, 2006 | Annette Haddad, Times Staff Writer
CB Richard Ellis Group Inc., the world's biggest commercial real estate firm, agreed Tuesday to buy rival Trammell Crow Co. for $1.8 billion in cash in a deal that would boost its business catering to blue-chip companies. The deal signals a consolidation trend among commercial real estate firms, as top players seek to get bigger and offer more services amid a booming office and industrial property market, analysts said.
Los Angeles Times Articles
|