GlobeSt.com EXCLUSIVE: JLL Forms Real Estate Banking Group

NEW YORK CITY-Jones Lang LaSalle has signed an employment agreement with Apogee Associates LLC co-founders Bart Steinfeld and Randall Zisler, bringing the five-member firm under JLL’s Capital Markets Group umbrella. The new unit, which became official Jan. 1, is called the US Real Estate Investment Banking Group and will operate out of JLL’s Citigroup Center offices here.

Zisler and Steinfeld will serve as managing directors and co-heads of the new group, which will focus on raising equity and debt for public and private real estate developers and owners. They will report to Earl Webb, CEO of JLL’s Capital Markets Group in the Americas.

According to Steinfeld, making the move to JLL gives the former Apogee team far greater reach than it had as an independent firm. “It is a larger platform that will give us access to more sources of capital, including overseas sources,” he tells GlobeSt.com.