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CHICAGO—Jones Lang LaSalle announced today that they will hold the first of a series of live, combined online and on-site global commercial real estate auctions with the auction firm Williams & Williams from Monday, December 2 to Friday, December 6, 2013. The properties will come from JLL’s global broker and client network, and Williams & Williams will conduct the on-site auctions with its sister company Auction Network.

Remote bidders will compete in real time with on-site bidders, which JLL officials say will competitively increase the high bids. “There is global network of investors who use live and online auctions as an expedient way to purchase attractive, well-performing commercial assets,” said Thomas Morande, chief operating officer of JLL’s Capital Markets.

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