{"id":1004026189,"date":"2011-01-27T06:17:30","date_gmt":"2011-01-27T14:17:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004026189"},"modified":"2022-12-08T19:54:24","modified_gmt":"2022-12-09T03:54:24","slug":"jll-teams-with-primary-capital","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-teams-with-primary-capital\/","title":{"rendered":"JLL Teams with Primary Capital"},"content":{"rendered":"<p>January 27, 2011<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004026190\" style=\"width: 310px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/01\/kla4067.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004026190\" data-attachment-id=\"1004026190\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jll-teams-with-primary-capital\/kla4067-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/01\/kla4067.jpg\" data-orig-size=\"500,310\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"kla4067\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user kla4067&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/01\/kla4067.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/01\/kla4067.jpg\" alt=\"\" title=\"kla4067\" width=\"300\" height=\"186\" class=\"size-medium wp-image-1004026190\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/01\/kla4067.jpg 500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/01\/kla4067.jpg?resize=300,186 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004026190\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user kla4067<\/p><\/div>\n<p>Jones Lang LaSalle has entered into an agreement to broaden its commercial mortgage banking business via the acquisition of Primary Capital Advisors\u2019 commercial real estate lending and servicing group. The purchase, which includes a $2 billion loan servicing program that JLL plans to expand nationally, is expected to close this quarter.<\/p>\n<p>JLL\u2019s multi-family lending business will be led by Primary Capital co-founder Faron Thompson, who will also take an executive leadership role in the firm\u2019s real estate investment banking team. John Bray will serve as managing director; Thompson and Bray will work with Americas Capital Markets president Jay Koster as well as the real estate investment banking team of Tom Melody, Mike Melody and Tom Fish, who made the move to JLL last year.<\/p>\n<p>Koster said that bringing on the Melody-Fish team was a commitment to advancing the firm\u2019s market share in the mortgage banking business as well as estasblishing a major pillar of its offering in the agency business to drive growth. He added that the purchase of Primary Capital is a continuation of this expansion and an increase of the company\u2019s competitive position as it will be able to offer more customized responses to the needs of borrowers and lenders.<\/p>\n<p>Tom Melody said that JLL\u2019s market share in the real estate investment banking arena is fast growing, and that adding Primary Capital provides another major step. He asserted that the new loan-servicing program will grow the firm\u2019s overall business.<\/p>\n<p>Primary Capital founder, president &amp; chief executive officer William Pendleton will serve as a senior advisor to JLL, focusing on expanding client and lender relations. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jones Lang LaSalle has entered into an agreement to broaden its commercial mortgage banking business via the acquisition of Primary Capital Advisors&#8217; commercial real estate lending and servicing group. The purchase, which includes a $2 billion loan servicing program that JLL plans to expand nationally, is expected to close this quarter.<\/p>\n","protected":false},"author":936,"featured_media":1004026190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742],"tags":[],"class_list":["post-1004026189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>JLL Teams with Primary Capital - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jll-teams-with-primary-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL Teams with Primary Capital\" \/>\n<meta property=\"og:description\" content=\"Jones Lang LaSalle has entered into an agreement to broaden its commercial mortgage banking business via the acquisition of Primary Capital Advisors&#039; commercial real estate lending and servicing group. The purchase, which includes a $2 billion loan servicing program that JLL plans to expand nationally, is expected to close this quarter.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-teams-with-primary-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-01-27T14:17:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:54:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/01\/kla4067.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-teams-with-primary-capital\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-teams-with-primary-capital\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"JLL Teams with Primary Capital\",\"datePublished\":\"2011-01-27T14:17:30+00:00\",\"dateModified\":\"2022-12-09T03:54:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-teams-with-primary-capital\\\/\"},\"wordCount\":296,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-teams-with-primary-capital\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/01\\\/kla4067.jpg\",\"articleSection\":[\"Featured\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-teams-with-primary-capital\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-teams-with-primary-capital\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-teams-with-primary-capital\\\/\",\"name\":\"JLL Teams with Primary Capital - 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