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CHICAGO-The LaSalle Investment Management division and theaddition of Spaulding & Slye are being credited with givingJones Lang LaSalle an atypically profitable first quarter. The realestate services firm posted net income of $4.6 million, compared toa loss of $8.6 million during the first three months of 2005.

Because of the seasonal nature of the company's business, JonesLang LaSalle officials note they have usually posted losses duringthe first quarter. However, the first three months of 2006 sawLaSalle Investment Management close the $3.4-billion acquisitionwith joint venture partner California Public Employees RetirementSystem of Oak Brook-based industrial REIT CenterPoint PropertiesTrust, while revenue rose 40% across all of Jones Lang LaSalle'sbusiness lines. In the Americas region, the global firm saw a 53%increase in revenue, attributed to the acquisition of New Englandand Washington, DC market leader Spaulding & Slye.