JLL (company)
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JLL (company)
Jones Lang LaSalle Incorporated (JLL) is a global commercial 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 and retail investors, and to high-net-worth individuals, as well as technology products through JLL Technologies, and VC investments via its PropTech fund, JLL Spark. The company is ranked 185 on the Fortune 500. It is one of the "Big Three" commercial real estate services companies, alongside Cushman & Wakefield and CBRE. Operations JLL is headquartered in Chicago, Illinois, and as of October 2018 was the second-largest public brokerage firm in the world. The company has more than 98,000 employees in 80 countries, as of 2022. Services include investment management, asset management, sales and leasing, property management, project management, and development. In 2014, the organization shortened its name to JLL for marketing pur ...
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Aon Center (Chicago)
The Aon Center (200 East Randolph Street, formerly Amoco Building) is a modern supertall skyscraper in the Chicago Loop, Chicago, Illinois, United States, designed by architect firms Edward Durell Stone and The Perkins and Will partnership, and completed in 1974 as the Standard Oil Building. With 83 floors and a height of 1,136 feet (346 m), it is the fourth-tallest building in Chicago, surpassed in height by Willis Tower, Trump International Hotel and Tower, and St Regis Chicago. The building is managed by Jones Lang LaSalle, which is also headquartered in the building. Aon Center also houses the headquarters of Aon and one of Kraft Heinz's two headquarters (the other being in Pittsburgh), and the former world headquarters of Amoco prior to its acquisition by BP. From its completion until the 1974 completion of the Sears Tower (now Willis Tower), the building was tallest completed building in Chicago. However, the tallest Sears Tower (now Willis Tower) was topp ...
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Commercial Real Estate
Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes. Commercial buildings are buildings that are used for commercial purposes, and include office buildings, warehouses, and retail buildings (e.g. convenience stores, 'big box' stores, and shopping malls). In urban locations, a commercial building may combine functions, such as offices on levels 2–10, with retail on floor 1. When space allocated to multiple functions is significant, these buildings can be called multi-use. Local authorities commonly maintain strict ...
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Investment Banking
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services (fixed income instruments, currencies, and commodities) or research (macroeconomic, credit or equity research). Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket (upper tier), Middle Market (mid-level businesses), and boutiqu ...
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El Paso, Texas
El Paso (; "the pass") is a city in and the seat of El Paso County in the western corner of the U.S. state of Texas. The 2020 population of the city from the U.S. Census Bureau was 678,815, making it the 23rd-largest city in the U.S., the sixth-largest city in Texas, and the second-largest city in the Southwestern United States behind Phoenix, Arizona. The city is also the second-largest majority-Hispanic city in the U.S., with 81% of its population being Hispanic. Its metropolitan statistical area covers all of El Paso and Hudspeth counties in Texas, and had a population of 868,859 in 2020. El Paso has consistently been ranked as one of the safest large cities in America. El Paso stands on the Rio Grande across the Mexico–United States border from Ciudad Juárez, the most-populous city in the Mexican state of Chihuahua with over 1.5 million people. The Las Cruces area, in the neighboring U.S. state of New Mexico, has a population of 219,561. On the U.S. side, th ...
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William Sanders (businessman)
William David Sanders (born December 2, 1941) is an American real estate businessman and developer. Biography Sanders was born in 1941 in Ramsey County, Minnesota, the son of Marion Jane (Birkenstein) and David Edwin Sanders, an advertising agency owner. His father was born in Parral, Chihuahua, Mexico, to German Jewish immigrants. Sanders' maternal grandfather was born in Chicago to German Jewish parents while his maternal grandmother was also born in Chicago to Irish Catholic parents. He was raised in El Paso, Texas. In 1964, Sanders graduated from Cornell University College of Agriculture and Life Sciences. In 1968, he founded the real estate firm LaSalle Partners, headquartered in Chicago. In 1999, LaSalle Partners merged with Jones Lang Wooton to form Jones Lang LaSalle. He served as chairman of the National Association of Real Estate Investment Trusts (NAREIT). In 1999, he received Cornell's "Entrepreneur of the Year" award. Sanders once managed a real estate portfolio of ...
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New York City
New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous megacities, and over 58 million people live within of the city. New York City is a global cultural, financial, entertainment, and media center with a significant influence on commerce, health care and life sciences, research, technology, educa ...
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Auction
An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with auction types and participants' behavior in auctions is called auction theory. The open ascending price auction is arguably the most common form of auction and has been used throughout history. Participants bid openly against one another, with each subsequent bid being higher than the previous bid. An auctioneer may announce prices, while bidders submit bids vocally or electronically. Auctions are applied for trade in diverse contexts. These contexts include antiques, paintings, rare collectibles, expensive wines, commodities, livestock, radio spectrum, used cars, real estate, online advertising, vacation packages, emission ...
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Chicago
(''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = List of sovereign states, Country , subdivision_name = United States , subdivision_type1 = U.S. state, State , subdivision_type2 = List of counties in Illinois, Counties , subdivision_name1 = Illinois , subdivision_name2 = Cook County, Illinois, Cook and DuPage County, Illinois, DuPage , established_title = Settled , established_date = , established_title2 = Municipal corporation, Incorporated (city) , established_date2 = , founder = Jean Baptiste Point du Sable , government_type = Mayor–council government, Mayor–council , governing_body = Chicago City Council , leader_title = Mayor of Chicago, Mayor , leader_name = Lori Lightfo ...
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CBRE Group
CBRE Group, Inc. is an American commercial real estate services and investment firm. The abbreviation CBRE stands for Coldwell Banker Richard Ellis. It is the world's largest commercial real estate services and investment firm (based on 2021 revenue). The firm is ranked 122nd on the Fortune 500 and has been included in the Fortune 500 every year since 2008. CBRE serves more than 90 of the top 100 companies on the Fortune 100. It is one of the "Big Three" commercial real estate services companies, alongside Cushman & Wakefield and JLL. Services CBRE provides services to both occupiers of and investors in real estate: * For occupiers, CBRE provide facilities management, project management, transaction (both property sales and leasing) and consulting services and valuation among others. * For investors, CBRE provide capital markets (property sales, commercial mortgage brokerage, loan origination and servicing), property leasing, investment management, property management, valuatio ...
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Cushman & Wakefield
Cushman & Wakefield plc is a global commercial real estate services firm. The company's corporate headquarters is located in Chicago, Illinois. Cushman & Wakefield is among the world's largest commercial real estate services firms, with revenues of US$9.4 billion in 2021. The company operates from approximately 400 offices in 60 countries, has around 50,000 employees and manages about of commercial space. It is one of the "Big Three" commercial real estate services companies, alongside CBRE and JLL. History Cushman & Wakefield was founded in New York City on October 31, 1917, by brothers-in-law J. Clydesdale Cushman and Bernard Wakefield. In the 1960s, Cushman & Wakefield began a national expansion, establishing offices throughout the U.S. In 1969, RCA acquired Cushman & Wakefield, selling its stake to The Rockefeller Group in 1976. In 1989, Mitsubishi Estate Co. Ltd. became the majority shareholder in The Rockefeller Group. In 1990, a presence in Europe was establishe ...
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Fortune (magazine)
''Fortune'' is an American multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The magazine competes with '' Forbes'' and '' Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists, including the ''Fortune'' 500, a ranking of companies by revenue that it has published annually since 1955. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by '' Time'' magazine co-founder Henry Luce in 1929 as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was not enthusiastic about the idea – which Luce originally ...
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Fortune 500
The ''Fortune'' 500 is an annual list compiled and published by '' Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along with privately held companies for which revenues are publicly available. The concept of the ''Fortune'' 500 was created by Edgar P. Smith, a ''Fortune'' editor, and the first list was published in 1955. The ''Fortune'' 500 is more commonly used than its subset ''Fortune'' 100 or superset ''Fortune'' 1000. History The ''Fortune'' 500, created by Edgar P. Smith, was first published in 1955. The original top ten companies were General Motors, Jersey Standard, U.S. Steel, General Electric, Esmark, Chrysler, Armour, Gulf Oil, Mobil, and DuPont. Methodology The original ''Fortune'' 500 was limited to companies whose revenues were derived from manufacturing, mining, and energy exploration. At the same time, ''Fortune'' published compani ...
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