Jones Lang LaSalle, Inc.

File:Jones-lang-lasalle-logo.gif
Type	Public (NYSE: JLL)
Industry	Real Estate
Founded	1999 merger of Jones Lang Wootton and LaSalle Partners
Headquarters	Chicago, Illinois, USA
Area served	Worldwide
Key people	Sheila Penrose, Chairman; Colin Dyer, President and CEO; Lauralee Martin, CFO and COO; Jeff Jacobson, CEO LaSalle Investment Management
Products	Agency Leasing, Capital Markets, Consulting, Facilities Management, Project and Development Services, Property Management, Tenant Representation, Valuations, Hotels, Investment Management
Revenue	US $ 2.93 billion (2010)
Total equity	US $3.6 billion (2010)
Employees	41,300 (2010)
Website	www.joneslanglasalle.com

Jones Lang LaSalle, Inc. NYSE: JLL is a multinational financial and professional services company specializing in real estate. Global headquarters are located in Chicago, with an operational remit covering the Americas regional market. Sub-headquarters operate in London (covering the Europe, the Middle East and Africa regional market) and Singapore (covering the Asia Pacific regional market).

The Company’s real estate services include agency leasing, capital markets, tenant representation, real estate investment banking / merchant banking, property management, corporate finance, facilities management / outsourcing, hotel advisory, project and development management / construction, energy and sustainability services, valuations, value recovery and receivership services, consulting and investment management.

History and mergers[link]

Jones Lang LaSalle was formed by the merger of Jones Lang Wootton, a British firm with origins dating back to 1783, and LaSalle Partners, an American company formed from a predecessor launched in 1968.^[1]

Jones Lang Wootton opened its first US office in New York in 1975. In 1997, the initial public offering was completed by LaSalle Partners for the company's common stock in the market.

JLW and LaSalle Partners formed Jones Lang LaSalle in 1999. This is the largest international merger in the real estate industry so far.^[2]

Jones Lang LaSalle India is the largest real estate company in India, which was the result of one of the 15 mergers and acquisitions that took place in the year 2007, for the purpose of growth and expansion of Jones Lang LaSalle.

Company size has increased in recent years through a combination of organic growth and mergers and acquisitions. Among the 30 M&As in 13 nations in the past three years was the 2008 acquisition of The Staubach Company, which added about 1,000 employees in the U.S.^[3]

In May 2011, Jones Lang LaSalle purchased King Sturge LLP for £197 million, making it the largest UK property company by turnover. The merged business operates in 70 EMEA markets across 30 countries employing 5,300 people providing integrated real estate services worldwide to investor, owner and occupier clients. The UK business will have 2,700 employees in 34 offices. ^[4]

Overview[link]

Aon Center in Chicago, which houses Jones Lang LaSalle's headquarters

Jones Lang LaSalle is headquartered in the Aon Center in Chicago, Illinois, where it also serves as building manager.^[5]

The company has about 40,300 employees including professional and support staff. It has approximately 180 offices worldwide and operates in over 750 locations in 60 countries. Global revenue in 2010 was $2.93 billion and the firm has a global portfolio of more than 1.6 billion square feet under management.^[6][7]

The company is the second largest publicly-traded commercial real estate brokerage firm in the world.^[8] The major competitors include CB Richard Ellis, Cushman & Wakefield, Cassidy Turley, Colliers International and Grubb & Ellis.

In 2009, Jones Lang LaSalle received the California Sustainability Alliance's Sustainability Showcase Award,^[9] recognized for their mission to minimize buildings’ environmental impacts by creating real value in energy and sustainability for its clients and in its own operations. Jones Lang LaSalle established the first Sustainable University in their industry, training employees in development, management and leasing of sustainable, energy-efficient buildings.^[10]

Jones Lang LaSalle has been recognized as the best overall provider of corporate real estate services for the fourth consecutive time by the Watkins 2011 Survey of Corporate Real Estate Service Providers. The company was rated #1 overall and in several key categories, including use of cutting-edge technology, financial strength, reputation, and geographic scope.^[11]

In 2011, the company has been honoured with a number of awards at the prestigious annual Euromoney Real Estate Awards (2011), being voted number one Global Real Estate Advisor and Consultant.^[12]

Services[link]

Agency Leasing covers space for property owners of all types such as Canary Wharf^[13] and Greenwich Peninsula^[14] in London; Île Seguin^[15] in Paris; Taiwan’s Taipei 101 Tower.^[16]

Capital Markets and Merchant Banking to help organizations buy and sell properties, and improve the financial impact of their real estate portfolios. The firm handled $82 billion (U.S. dollars) in transaction volume in 2007, and recent activities include the sale of a 432-acre (1.75 km²) Denver Sun Microsystems technology campus to Conoco-Phillips.^[17]

Capital Markets Services includes institutional property sales and acquisitions, real estate financings, private equity placements, portfolio advisory activities, and corporate finance advice and execution.

Real Estate Investment Banking Services include sourcing capital, both in the form of equity and debt, derivatives structuring and other investment banking services. Jones Lang LaSalle also delivers Capital Markets Services for hotel and hospitality assets and portfolios on a global basis, including investment sales, mergers and acquisitions, and financing. It provides services to assets that cover the hospitality spectrum: luxury properties; resorts; select service and budget hotels; golf courses; theme parks; casinos; spas; and pubs.

Consulting to develop workplace strategies such as occupancy planning, relocations, and energy and environmental sustainability initiatives. Current consulting projects include helping the United States military and Veterans Administration reduce and realign their installations^[18] and developing New York’s 1 World Trade Center site, which includes a 108-story main tower and September 11 Memorial & Museum.^[19]

Facilities Management for a variety of properties including office towers, retail and exhibition centers, and government, collegiate and industrial complexes. Recent activities include management of the Dubai World Trade Center^[20] and the “Bird’s Nest” Beijing National Stadium since its inception, including the 2008 Summer Olympics.^[21]

Project and Development Services to manage ground-up creation, building construction and major interior renovations. Recent projects include a $20 million “green” retrofit of New York’s Empire State Building in conjunction with the Clinton Climate Initiative,^[22] and ground-up development of One Bryant Park, New York City’s second-tallest skyscraper and the world’s first major office tower created to meet LEED platinum environmental standards.^[23]

Property Management services that provide on-site administration to help owners of office, industrial, retail and specialty properties reduce costs and enhance their property values.

Tenant Representation for organizations that lease large spaces.

Valuations that provide impartial assessments of real estate worth.

Jones Lang LaSalle Hotels, a division focused on real estate/financial services for the hospitality industry such as the one-time sale of 13 Japanese lodging facilities totaling 5,000 rooms, the largest single hotels transaction in Asia.^[24] Jones Lang LaSalle provides Advisory Services for hotel assets, including hotel valuations and appraisals, acquisition advice, asset management, strategic planning, management contract negotiation, consulting, industry research and project and development services for asset types covering the hospitality spectrum. The Company provides Energy and Sustainability Services to occupiers and investors. During 2010, it documented energy savings for its clients and reduced their greenhouse gas emissions by 563,000 tons.

LaSalle Investment Management, a subsidiary that makes real estate investments for clients through individual accounts and managed commingled funds. Its real estate investment products include direct investments through separate accounts and commingled funds, as well as indirect investments in publicly traded real estate investment trusts (REITs) and other real estate securities. The Company’s global real estate investment management business, which is a member of the Jones Lang LaSalle group, operates under the name of LaSalle Investment Management. LaSalle Investment Management provides clients with a range of real estate investment products and services in the public and private capital markets. The range of investment alternatives includes private investments in multiple real estate property types, including office, retail, industrial, health care and multi-family residential, either through investment funds that LaSalle Investment Management manages or through single client account relationships (separate accounts). It also offers indirect public investments, primarily in publicly traded real estate investment trusts (REITs) and other real estate equities. It has invested in direct real estate assets in 18 countries worldwide, as well as in public real estate companies traded on all stock exchanges. As of December 31, 2010, LaSalle Investment Management had a series of commingled investment funds, including 14 funds that invest in assets in the Americas, 10 funds that invest in assets located in Europe and five funds that invest in assets in Asia Pacific. It may engage in merchant banking activities. These include making investments of the firm’s capital to acquire properties in order to seed investment management funds before they have been offered to clients. LaSalle Investment Management also offers clients to invest in separate accounts focused on public real estate equity. The Company invests the capital of these clients principally in publicly traded securities of REITs and property company equities.

Other practices include Cooperate Finance, Investment Banking, Sustainability, Research and Residential Agency. [4] Aside from the commercial real estate industry, the company also serves the residential, industrial, rural and public sectors.^[13]

The Company competes with CB Richard Ellis Group, Inc.

Notable personnel[link]

Roger Staubach, former Pro Football Hall of Fame quarterback for the Dallas Cowboys, joined Jones Lang LaSalle’s Board of Directors when his firm The Staubach Company was acquired in 2008.

See also[link]

	Chicago portal
	Companies portal

• Cassidy Turley
• Aon Center (Chicago), company headquarters
• DeAnne Julius, Independent Non-Executive Director
• Roger Staubach, Executive Chairman, Americas and Director
• Lauralee Martin, Chief Operating and Financial Officer, Executive Vice President, Director

References[link]

External links[link]

• Jones Lang LaSalle (worldwide)
• Jones Lang LaSalle (US)
• LaSalle Investment Management

China Telecom Corp. Ltd.
中国电信集团公司, 中国电信

200px Connecting the World
Type	Public SEHK: 728 NYSE: CHA
Industry	Telecommunications
Founded	2002
Headquarters	Beijing
Area served	Mainland China
Key people	Chairman & CEO Wang Xiaochu President & CFO Shang Bing
Products	Fixedline Telephony & Mobile Telephony Internet Access & Digital Television
Revenue	US$ 33.36 billion (2010)[1]
Net income	US$ 2.40 billion (2010)[1]
Employees	312,520 (2010)[1]
Parent	Government of the People's Republic of China
Website	www.chinatelecom-h.com/

China Telecom Corp. Ltd. (simplified Chinese: 中国电信集团公司, 中国电信) (SEHK: 728, NYSE: CHA) is a Chinese state-owned telecommunication company. It is the largest fixed line service and 3rd largest mobile telecommunication provider in the People's Republic of China.

Sectors[link]

The company provides fixed-line and Xiaolingtong (Personal Handy-phone System) telephone services to 216 million subscribers as of April 2008,^[2] and broadband internet access to over 38 million subscribers, providing approximately 62% (46 Gbit/s) of China's internet bandwidth.^[3] On June 2, 2008, China Telecom announced that it would purchase China Unicom's nationwide CDMA business and assets for 110 billion RMB, giving it 43 million mobile subscribers. On 7 January 2009, China Telecom was awarded CDMA 2000 license to expand its business to 3G telecommunication.^[4]

The company was formerly a state-owned monopoly, but is now divided into largely autonomous provincial branches^{[citation needed]}. Its assets in the country's 10 northern provinces were transferred to China Netcom in 2002 (now China Unicom), leaving China Telecom with the 21 southern provinces. Although the two companies are free to compete across the whole country, Telecom still has an overwhelming market share in the south, while Unicom dominates the north.

China Telecom has been listed on the Hong Kong and New York stock exchanges since 2002, but the Chinese government still retains majority ownership.

WiFi[link]

China Telecom has the largest single WiFi wireless broadband network with over 30,000 hotspot locations covering hotels, restaurants and transportation facilities in over 250 major Chinese cities including Shanghai, Guangzhou, Shenzhen, Nanning, Hangzhou, Chengdu, Dalian, Kunming, Wuhan, Chongqing and Xi'an.^[5]

Consolidation and expansion[link]

On June 2, 2008, the company announced it would acquire China Unicom's CDMA business and network for a total of 110 billion yuan in cash (USD $15.86 Billion in cash), a series of transactions aimed transform the company into a fully integrated telecommunications operator after its expected completion in the next six months to one year.^[6]

Such shifts mark a new era for the Telecommunications industry in China in which analyst have further commented that these changes are aimed at promoting a more fair and competitive industry environment.^[7]

China Telecom (Europe) Ltd. on 2008-10-23 said it would expand its Asian-European services, aiming to increase its market share in Europe.^[8]

In May 2011, China Telecom formed a strategic partnership with German software group SAP to offer a cloud-based version of SAP's business software to small and medium companies in China.^[9]

Rerouted Internet traffic[link]

On April 8, 2010 China Telecom rerouted about 15% of foreign Internet traffic through Chinese servers for 18 minutes.^[10] The traffic included the commercial websites of Dell, IBM, Microsoft, and Yahoo! as well as government and military sites in the United States.^[11] China Telecom denied hijacking any Internet traffic.^[12]

See also[link]

Companies portal

• Communications in the People's Republic of China
• List of companies in the People's Republic of China
• Telecommunications industry in China

References[link]

External links[link]

• China Telecom Official website

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and other territories Canary Islands / Ceuta / Melilla / Plazas de soberanía (Spain) Madeira (Portugal) Mayotte / Réunion (France) Saint Helena / Ascension Island / Tristan da Cunha (United Kingdom) Western Sahara v t e Telecommunications in Asia Sovereign states Afghanistan Armenia Azerbaijan Bahrain Bangladesh Bhutan Brunei Burma (Myanmar) Cambodia People's Republic of China Cyprus East Timor (Timor-Leste) Egypt Georgia India Indonesia Iran Iraq Israel Japan Jordan Kazakhstan North Korea South Korea Kuwait Kyrgyzstan Laos Lebanon Malaysia Maldives Mongolia Nepal Oman Pakistan Philippines Qatar Russia Saudi Arabia Singapore Sri Lanka Syria Tajikistan Thailand Turkey Turkmenistan United Arab Emirates Uzbekistan Vietnam Yemen States with limited recognition Abkhazia Nagorno-Karabakh Northern Cyprus Palestine Republic of China (Taiwan) South Ossetia Dependencies and other territories British Indian Ocean Territory Christmas Island Cocos (Keeling) Islands Hong Kong Macau v t e Telecommunications in Europe Sovereign states Albania Andorra Armenia Austria Azerbaijan Belarus Belgium Bosnia and Herzegovina Bulgaria Croatia Cyprus Czech Republic Denmark Estonia Finland France Georgia Germany Greece Hungary Iceland Ireland Italy Kazakhstan Latvia Liechtenstein Lithuania Luxembourg Macedonia Malta Moldova Monaco Montenegro Netherlands Norway Poland Portugal Romania Russia San Marino Serbia Slovakia Slovenia Spain Sweden Switzerland Turkey Ukraine United Kingdom England Northern Ireland Scotland Wales States with limited recognition Abkhazia Kosovo Nagorno-Karabakh Northern Cyprus South Ossetia Transnistria Dependencies and other territories Åland Faroe Islands Gibraltar Guernsey Jersey Isle of Man Svalbard Other entities European Union v t e Telecommunications in North America Sovereign states Antigua and Barbuda Bahamas Barbados Belize Canada Costa Rica Cuba Dominica Dominican Republic El Salvador Grenada Guatemala Haiti Honduras Jamaica Mexico Nicaragua Panama Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Trinidad and Tobago United States Dependencies and other territories Anguilla Aruba Bermuda Bonaire British Virgin Islands Cayman Islands Curaçao Greenland Guadeloupe Martinique Montserrat Navassa Island Puerto Rico Saint Barthélemy Saint Martin Saint Pierre and Miquelon Saba Sint Eustatius Sint Maarten Turks and Caicos Islands United States Virgin Islands v t e Telecommunications in Oceania Sovereign states Australia East Timor (Timor-Leste) Fiji Indonesia Kiribati Marshall Islands Federated States of Micronesia Nauru New Zealand Palau Papua New Guinea Samoa Solomon Islands Tonga Tuvalu Vanuatu Dependencies and other territories American Samoa Christmas Island Cocos (Keeling) Islands Cook Islands Easter Island French Polynesia Guam Hawaii New Caledonia Niue Norfolk Island Northern Mariana Islands Pitcairn Islands Tokelau Wallis and Futuna v t e Telecommunications in South America Sovereign states Argentina Bolivia Brazil Chile Colombia Ecuador Guyana Paraguay Peru Suriname Uruguay Venezuela Dependencies and other territories Aruba Bonaire Curaçao Falkland Islands French Guiana South Georgia and the South Sandwich Islands v t e Internet service providers of China Internet in China Telecom 263.net China Netcom China Telecom China Tietong MSN China ICP license Ministry of Industry and Information Technology Internet censorship v t e Major information technology companies List of the largest technology companies List of the largest software companies Semiconductor sales leaders by year Consulting and outsourcing Accenture Atos Booz Allen Hamilton BT CACI Capgemini CGI Group Cognizant CSC Deloitte Dell Services Fujitsu Getronics HCL Technologies Hitachi HP IBM Indra Infosys Logica NEC NTT Data Orange Business Services TCS Tieto T-Systems Unisys Wipro Imaging Canon HP Kodak Kyocera Lexmark Ricoh Seiko Epson Sharp Toshiba Xerox Information storage Dell EMC Fujitsu Hitachi HP IBM NetApp Oracle Samsung Seagate Western Digital Mainframes IBM Mobile devices Apple Asus HTC Huawei LG Motorola Mobility NEC Casio Nokia RIM Samsung Sony ZTE Networking equipment Alcatel-Lucent Avaya Cisco Datang Ericsson Fujitsu HP Huawei Juniper Mitsubishi Electric Motorola Solutions NEC Nokia Siemens ZTE OEMs Celestica Compal Electronics Flextronics Foxconn Jabil Quanta Sanmina-SCI TPV Technology Wistron Personal computers and servers Acer Apple Asus Dell Fujitsu HP Lenovo NEC Toshiba Servers only IBM Oracle Unisys Point of sale IBM NCR Semiconductors Advanced Micro Devices Broadcom Elpida Memory Freescale Semiconductor Fujitsu Hynix Infineon Technologies Intel Marvell Technology Group MediaTek Micron Technology Nvidia NXP Panasonic Qualcomm Renesas Electronics Samsung Sony STMicroelectronics Texas Instruments Toshiba VIA Technologies Foundries GlobalFoundries SMIC TowerJazz TSMC United Microelectronics Corporation Software Adobe Apple CA Google HP IBM Intuit McAfee Microsoft Oracle SAP Symantec Telecommunications services América Móvil AT&T Bell Canada BT Bharti Airtel CenturyLink China Mobile China Telecom China Unicom Comcast Deutsche Telekom France Télécom Hutchison KDDI KPN KT MTS NTT NTT DoCoMo Reliance Communications Rogers SingTel SK Telecom SoftBank Sprint Nextel Swisscom Telenor Telecom Italia Telefónica TeliaSonera Verizon Vivendi Vodafone Websites Amazon.com Baidu eBay Facebook Google Tencent Yahoo! Methodology: FY2010/11 applicable revenues of over: group 1-11 (ex. semiconductor foundries) - US$3 billion; group 12 - US$10 billion; group 13 - US$2 billion; semiconductor foundries - US$0.5 billion