LaSalle Investment Revenue Jumps 28%

CHICAGO-The Jones Lang LaSalle division still posts a $6.9-million loss for the first quarter, down from a $4.1-million loss for the same period in 2002 as operating expenses, including higher salaries and benefits, offset the revenue gain.

By Mark Ruda | May 19, 2003 at 01:01 AM

The challenge for LaSalle Investment Management is finding deals to sink the capital it has raised, Martin says. The $5.4-million revenue increase was achieved largely by renegotiating advisory fees, according to Jones Lang LaSalle's first-quarter earnings report.

Nonetheless, LaSalle Investment Management posted a $6.9-million loss for the first quarter, down from a $4.1-million loss for the same period in 2002. The division saw a $16.4-million increase in compensation and benefits.

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