Jones Lang LaSalle thrives on size & sustainability
Since the launch of the Euromoney real estate poll in 2005, Jones Lang LaSalle had been a perennial in second place, but it has now ousted rival CB Richard Ellis. The Chicago-based firm placed first in six global advisory categories: advisory overall, agency/letting, corporate real estate services, research and property management. It also had a strong second-place finish in transaction execution.
Another big winner this year was Deutsche Bank’s commercial real estate group. The bank has been on board with several high-profile transactions, which propelled it to the number one spot in three global categories. Last year, Deutsche placed fourth in debt but has managed to knock UBS off its perch at the top. The German bank also placed first in commercial mortgage-backed securitization and property derivatives.
JPMorgan wasn’t even among the top-five equity houses last year. But its precocious team has powered the firm to the top of that category this year, unseating the formidable Morgan Stanley. The US firm also placed first in residential mortgage-backed securities and second in investment banking.
Morgan Stanley, however, has retained its spot at the top of the global investment banking category and has taken over in investment management from Aberdeen.