The Real Deal New York

Jones Lang LaSalle finalized its $613 million merger with The Staubach Company today. In this month’s issue, The Real Deal reports that industry observers predicted that a larger Jones Lang LaSalle would be better equipped to battle with other large firms. The deal will be completed in the third quarter. It does not include Staubach’s retail services or investment development business, which will operate under license agreements. The new firm will have the Jones Lang LaSalle name. TRD