Michael Colacino Appointed as CEO of Americas Leasing Advisory
In a strategic leadership change, JLL has named Michael Colacino as CEO of its Americas Leasing Advisory business. This pivotal move comes as John Gates transitions to the Executive Chairman role, marking a significant moment for both the company and its leasing operations in the Americas.
A Transformative Leadership Transition
The announced changes are part of JLL's ongoing efforts to foster growth and innovation within its leasing advisory sector. Karen Brennan, CEO of JLL's global Leasing Advisory business, expressed confidence in Colacino's capabilities to steer the organization into new heights. "Michael's proven leadership, strategic acumen, and technology-forward approach will drive the evolution of our business," she stated.
John Gates' New Role
As Gates steps into the Executive Chairman position, his focus will shift towards enhancing relationships with occupier clients and overseeing strategic advisory initiatives across the firm. Gates has been instrumental during his time as CEO, significantly strengthening JLL's footprint throughout the Americas, expanding leasing capabilities, and establishing JLL University, a program dedicated to training and career development.
Michael Colacino's Background
Colacino, who joined JLL in 2023 as President of Tri-State Brokerage, brings with him over three decades of experience in commercial real estate. His extensive background includes leadership roles at companies such as Studley and Savills, with an entrepreneurial stint at his proptech investment firm, Haiku Partners. His deep understanding of market dynamics and technology will play a pivotal role as he leads the Americas leasing business into its next growth phase.
Colacino's Vision for the Future
Expressing his enthusiasm, Colacino stated, "I'm honored to lead our talented Americas leasing team and build on John's tremendous success." He emphasized the importance of leveraging JLL's advanced technology platform and data analytics capabilities to facilitate smarter real estate decisions for clients. Under his leadership, the Americas leasing business aims to capitalize on insights that drive exceptional client results.
Continued Commitment to Excellence
Both Colacino and Gates are committed to ensuring a smooth transition in leadership while continuing to deliver outstanding outcomes for JLL's leasing clients. This cooperative effort underscores JLL's dedication to maintaining its status as a leading force in commercial real estate.
About JLL
JLL (NYSE: JLL) is a global leader in commercial real estate and investment management, boasting a remarkable history that spans over 200 years. With a portfolio that includes a wide range of property types—from commercial to residential—JLL has established itself as a trusted partner for clients globally. The company's commitment to innovation and excellence enables it to help individuals and organizations make informed real estate decisions, ensuring they achieve their goals efficiently and effectively.
JLL employs over 113,000 staff across more than 80 countries, combining local insight with global resources to deliver exceptional results. With an annual revenue of $23.4 billion, JLL is well positioned to continue leading the industry into the future.
Frequently Asked Questions
Who is the new CEO of JLL's Americas Leasing Advisory?
The new CEO of JLL's Americas Leasing Advisory is Michael Colacino.
What role is John Gates transitioning into?
John Gates is transitioning into the role of Executive Chairman of the Americas Leasing Advisory.
What is Colacino's prior experience before joining JLL?
Colacino has over 30 years of experience in commercial real estate and has led operations at Studley and Savills.
What initiatives did Gates implement during his time as CEO?
Gates strengthened JLL's market presence, expanded leasing capabilities, and launched JLL University for employee training.
How many employees does JLL have globally?
JLL has more than 113,000 employees worldwide, operating in over 80 countries.
