NASHVILLE-The Tennessee State Comptroller issued a report on Wednesday that was critical of the state's real estate management contract with Jones Lang LaSalle.
The Chicago-based brokerage firm has a contract with the administration of Tennessee Gov. Bill Haslam to oversee facility assessments, master planning and facility management for state-owned real estate properties. The contract has been the subject of criticism from some circles for months, according to the Times Free Press.
The comptroller's audit states that although the General Services' Real Estate Management Division did not violate state policies and procedures, the department “entered into a contract that was overly broad in scope and then pursued multiple contract amendments to refine the contract scope.”
“Ultimately, some of these amendments created an organizational conflict of interest whereby Jones Lang LaSalle can profit from its own planning recommendations,” the audit states. See story in the Times Free Press.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
