For example, Jones Lang LaSalle does business in India and and North Asia, where revenue was up 64% in the second quarter. After setting a record for new corporate solutions transactions, Jones Lang LaSalle is on track to meet or top 2003, with 17 contracts signed so far, reports chief financial officer Lauralee Martin during the company's earnings conference call. "That is a strong growth business for us, not only for this year, but going forward," she says.
LaSalle Investment Management reports a 50% increase in revenue, as clients take advantage of a market hungry for assets. "It has to do with the market recovery and it has to do with capital, and it's interest in real estate," says chairman, president and chief executive officer Stuart Scott, who is handing the latter two titles to recently-hired Colin Dyer.
Redeeming $136 million in 9% notes has put Jones Lang LaSalle $1 million in the red for the year. However, the company was in an $8.7-million deficit during the first six months of 2003.
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