Jones Realestate history

James Winstanley eventually inherited full control over the business, operating it as a sole proprietor until he formed a partnership with James Jones in 1840.

1872: Company is renamed Jones Lang and Co.

1939: Jones Lang and Co. merges with Wootton and Son to form Jones Lang Wooton.

1946 –Creation of the Teal brand shingles.

By so doing, Jones Lang Wootton was able to secure licenses for development, which put the company in an enviable position for growth when the massive task of rebuilding London began in earnest in 1954.

In 1957, a British expatriate residing in Australia, Ronald Collier, approached Jones Lang Wootton officers in London, seeking their support.

In 1958, the company established offices in Sydney and Melbourne, embarking on its involvement in buying, selling, and in the investment management of real estate assets.

1962 –The company moves and opens Teal Mill in Surrey, B.C., Canada (at our present day location) with 4 Shingle machines and 1 Barnshake machine.

An office was opened in Brussels in 1965, paving the way for expansion into Holland, France, and Germany.

The company was founded in 1968 as IDC Real Estate, a small El Paso, Texas-based firm that grew quickly.

1969 –Dick and Tom Jones buy control of their father’s operation, Teal Cedar, a small Surrey business employing 11 people.

Designed by and named after the woman who had driven the design success of the Jones New York line since 1970, the Rena Rowan line was priced slightly lower than the Jones New York apparel line.

1971 –Created Columbia River Shake and Shingle in Nakusp, a town located in B.C.’s interior.

The company soon exhausted the opportunities available to it in commercial real estate and investment transactions in El Paso, prompting its founders to relocate to Chicago in 1972.

Jones Apparel Group was founded by Sidney Kimmel as a division of Grace & Co. in 1975.

In 1977, the company changed its name to LaSalle Partners.

1980 Christopher Finlay creates the Finlay companies which grow to be among the largest real estate firms in New England:

In 1981, for example, Jones became one of the first apparel designers in the United States to start using a computer-aided design (CAD) system and to employ a systems manager, Maureen Behl, in its design department.

1983 –Created Star Shingle Ltd. – a cedar shake and shingle operation located in Port Alberni on B.C.’s Vancouver Island.

Sales topped $260 million in 1986, but Jones posted a distressing net loss of $4.6 million.

Largely as a result of the failed Murjani transaction--but also because of the heavy debt Jones had accrued during its start-up and rampant growth--Jones Apparel was on the verge of bankruptcy by 1987.

Jones reported a small profit as it wrapped up its reorganization in 1988, and, the following year, the company began to focus heavily on promoting and streamlining its Jones New York line.

Weary from Jones' financial woes, Rubin bailed out of the concern in 1989, selling his ownership interest to Kimmel.

Since 1990, Lloyd Jones has developed, owned, and managed approximately $1.2 billion in multifamily real estate.

Importantly, in 1991, Jones introduced its Rena Rowan for Saville line.

1992 –Created Teal Cedar Lumber Divison – located in Salmon Arm in B.C.’s interior.

By early 1993, the company's debt had been almost entirely eliminated, and Kimmel still personally owned about 45 percent of the corporation.

In 1995, its sales of casual wear nearly doubled to amount to about 65 percent of its total sales of $776 million.

Jones updated its Evan-Picone lines, and by 1996 had launched Jones Sport, Jones & Co., Jones New York Country, Jones Studio, and Jones Jeans.

A London-based investment advisor, CIN Property Management Limited, was added two years later, followed by the acquisition of a property and development management company named Galbreath Company in 1997.

In its last major transaction before its merger with Jones Lang Wootton, LaSalle Partners acquired the United States retail property management business of Lend Lease Real Estate Investments, Inc., completing the deal in October 1998.

Although not created in name until 1999, JLL enjoyed a rich history stretching back to the 18th century.

In 2000, Jones acquired Victoria & Co. for $90 million, a company whose brands represented 20 to 45 percent of the market share in retail fashion jewelry.

In January 2002, Christopher Peacock succeeded Scott as chief executive officer, leaving Scott to concentrate exclusively on his role as JLL's chairman.

2003 –Built Titan Ridge – a cedar shake and shingle operation located in Port McNeill on B.C.’s Vancouver Island.

2004 –Purchased TFL 46 – a Timber Forest Licence located in the southwest portion of B.C.’s Vancouver Island.

2010 Finlay and family member begin accumulating a portfolio of apartment communities for their own account.

2013 Building on his investment success, Finlay creates Lloyd Jones Capital, a private-equity real estate investment firm offering outside investors an opportunity to participate in his acquisitions.

2016 The massive baby boomer generation begins turning 70, creating senior housing opportunities.

2018 Finlay merges Lloyd Jones Capital with the Finlay companies to create Lloyd Jones, a vertically integrated owner/operator of multifamily and senior housing.

2019 Lloyd Jones recruits a veteran of the senior housing industry to run newly created Lloyd Jones Senior Living Management as the firm aggressively enters the senior housing market.

2020 Under the continuing direction of Christopher Finlay, Lloyd Jones celebrates its 40th anniversary as a private-equity real estate firm focused on multifamily and senior housing investment and operations.