Distinguished industry veteran to lead U.S. expansion efforts for
Canadian commercial real estate firm
TORONTO, Aug. 17 /CNW/ - Avison Young, Canada's largest
independently-owned commercial real estate services company, announced today
that Earl E. Webb, formerly CEO of Jones Lang LaSalle's (JLL: NYSE) Capital
Markets Group in the Americas, has been appointed President, U.S. Operations,
effective September 8, 2009. The industry veteran will be responsible for
leading geographic and service line expansion efforts in the U.S. for the
rapidly growing firm, as well as heading all Avison Young U.S. operations.
"Earl Webb is one of the most distinguished executives in global
commercial real estate and capital markets, with an unparalleled track record
building business operations as well as executing highly successful strategies
on behalf of clients," comments Mark E. Rose, Chair and CEO of Avison Young.
"We are extremely pleased to welcome him to the leadership team, and
particularly excited that he will take the helm of our U.S. initiatives at
this opportune time in our growth."
Over the past year, Avison Young has pursued an active acquisition and
expansion strategy, adding offices, professionals and service lines in Canada
and opening its first U.S. office, in Chicago, in January 2009.
"Avison Young's global vision is one of the most compelling in the
industry," says Webb. "The company has developed a new client service model
that recognizes the inadequacy of traditional service line structures. Avison
Young understands the key to success is the alignment of interests between its
principals and the changing needs of clients in the new economic environment.
I look forward to the opportunity to help build both the company's presence
and its capabilities in the world's dominant real estate market."
Webb becomes a Principal and a member of the Company's Board of Directors
and Executive Committee. He will be based in Avison Young's Northbrook, IL
Webb, 53, spent 24 years in senior positions with Jones Lang LaSalle. For
the last seven years he served as CEO, Capital Markets Group, responsible for
strategic direction and management of all capital markets activities and
oversight of personnel and transaction activities in investment sales,
corporate finance, debt and structured finance, and real estate investment
banking for the firm's clients. From 1999 to 2002, he was CEO of Jones Lang
LaSalle Americas, directing all of the firm's corporate solutions, investor
services and capital markets business throughout the Americas region.
Prior to his appointment as Americas CEO, Webb served for five years as
Managing Director and Group Head of Capital Markets in the U.S., expanding the
business practice to include the full scope of investment banking services
while also completing a number of notable transactions for clients. Prior to
joining Jones Lang LaSalle, Webb served as second Vice-President in the
capital markets group at Continental Illinois National Bank. He has served as
a Board member for Players International, Inc., Site Stuff, Inc., and Jones
Webb holds a B.S in Accounting and Finance from the University of
Virginia and an MBA from the J.L. Kellogg Graduate School of Management at
Northwestern University. He is a Registered Securities Principal (Series 7, 24
and 63), an associate member of the Urban Land Institute, and a member of the
International Council of Shopping Centers, Real Estate Investment Advisory
Council, Real Estate Roundtable, University of Virginia Planned Giving Council
and J.L. Kellogg School Board of Alumni Advisors. Webb also serves on the
Board of Managers for Chicago YMCA and is on the Board of Directors of Hubbard
Street Dance Company.
Founded in 1978, Avison Young is Canada's largest independently-owned
commercial real estate services company and the only national, Canadian-owned,
principal-managed real estate brokerage firm in the country. Headquartered in
Toronto, Ontario and ranked among Canada's leading national commercial real
estate organizations, Avison Young is a full-service commercial real estate
company comprising more than 500 real estate professionals in 12 offices
across Canada and in Chicago, IL. The company provides value-added,
client-centric investment sales, leasing, advisory, management and financial
services to owners and users of commercial, industrial and multi-residential
real estate properties.
- Photo of Earl Webb for Media use:
If you are unable to open the link, please contact Sherry Quan for jpeg
attachment to be emailed. Thank you.
For further information/comment/photos:
- Sherry Quan, Director of Corporate Communications (B.C.), Avison Young:
(604) 647-5098 or (604) 726-0959 (cell)
- Mark Rose, Chair and CEO, Avison Young: (416) 673-4028
- Earl Webb, President, U.S. Operations, Avison Young: (312) 961-1034
For further information:
For further information: Media Relations: Sherry Quan, (604) 647-5098 or
(604) 726-0959, email: email@example.com