CEO of Jones Lang LaSalle on CNBC
January 28, 2010
Colin Dyer, CEO of Jones Lang LaSalle was on CNBC discussing the CRE market. Unless there are additional monetary shocks, he sees a sharp V-shaped recovery when confidence returns.
Interesting. The other guy in the interview, Ken Rogoff, a professor of economics at Harvard, didn’t seem like he was buying it and called Dyer on his [...]
CBRE Selling State of California Buildings For .08% Fee
December 18, 2009
The numbers speak for themselves. The six groups vying to handle the massive sale-leaseback transaction for the State of California were: CBRE, HFF, Eastdil Secured, Jones Lang LaSalle, Cushman & Wakefield, and The Palmer Team. The winning bidder was CBRE, whose bid was .08%. That’s right, one-twelfth of 1%. And they weren’t even the cheapest! So [...]
Read More >>HNN Compiling List of Funds Targeting Hotels
November 19, 2009
HNN has begun to compile a list of funds seeking to invest in hospitality assets. The list compiled so far indicates that there is about $38B out there chasing hotels, though some $20B of that comes out of of Blackstone and Lone Star. Click the link before to go to the list.
Given that hotels have [...]
Jones Lang LaSalle Completes Staubach Acquisition
July 11, 2008
Jones Lang LaSalle (JLL) has completed the acquisition of Staubach. The terms of the agreement were covered previously in this post.
Read More >>It’s Official: Jones Lang LaSalle Buying Staubach for $613M
June 16, 2008
We previously reported that the deal was essentially done, but Jones Lang LaSalle (JLL) confirmed today that it is in fact buying Staubach. Jones Lang LaSalle is paying $613M for Staubach over 5 years, with $100M in stock and $123M in cash up front at the closing. An additional $114M in earnouts will be paid to Staubach [...]
Read More >>Jones Lang LaSalle and Staubach Merger To Be Announced Today?
June 16, 2008
Globe Street is reporting that the Staubach and Jones Lang LaSalle (JLL) merger will be announced as early as today. They are also reporting that the acquisition price (of Staubach) is $835M, a $100M more than was previously reported.
Update (6/16): Forbes is also reporting that the merger will be announced as early as today, except they [...]
Jones Lang LaSalle (JLL) Acquiring Staubach for $735M
June 13, 2008
A little less than a week ago we reported that the rumours of Jones Lang LaSalle (NYSE: JLL) merging with Staubach were true, or so we had heard. Today, Property Week News out of the UK is providing additional credence by publishing a price for the acquisition, $735M.
Property Week’s article indicates that the acquisition price represents [...]
