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News release

PORTLAND, OR

Jones Lang LaSalle Expands Multifamily Presence in Portland

Vice President Joe Nydahl joins seasoned Northwest Capital Markets team


PORTLAND, OR, Mar. 5, 2013 — As part of its on-going effort to enhance the firm’s Capital Markets services in the Northwest, Jones Lang LaSalle today announced the firm has hired Joe Nydahl as a Vice President specializing in the multifamily sector in Portland.  Nydahl will work under the direction of David Young, Managing Director and leader of the firm’s West Coast Multifamily practice, to expand the firm’s expertise throughout Portland and the Northwest region.

“Joe is well respected within the industry and will be a strong addition to our growing and robust multifamily team,” said Young. “The Northwest multifamily market outpaced the nation in 2012.  We expect transaction velocity to maintain this strength for many years to come and are confident that Jones Lang LaSalle will be a leader in this sector as it continues to recover.”

“Over the past several years, we’ve grown the Portland office into a sizeable and comprehensive leader that’s dedicated to serving all the needs of our growing client base and worked diligently to attract the highest caliber professionals to our team,” said Elizabeth Hearle, Northwest Market Director, Jones Lang LaSalle.  “Joe has significant market knowledge and a strong skill base that will be an asset as we continue to enhance our leading-edge services in the region.”

Nydahl comes to Jones Lang LaSalle from Gerding Edlen Development, where he worked in multiple phases of real estate development, including repositioning, due diligence, design development, construction management and project closeout for the past eight years.  Most recently, he focused on the development and redevelopment of institutional-grade apartment buildings along the West Coast and across the Northwest. Nydahl is LEED AP certified from the U.S. Green Building Council and a licensed Oregon State Real Estate Broker. 

Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2011 alone, Jones Lang LaSalle Capital Markets completed $60 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $52 billion in global investment sales and buy-side transactions, equating to nearly $216 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its total Capital Markets volumes by 122 percent in 2011 and is quickly gaining market share across all property types. The firm’s Capital Markets team comprises more than 1,200 specialists, operating all over the globe.

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About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.