Partnership establishes a market-leading Women’s Business Enterprise commercial real estate platform
News release
23 April 2024
JLL forms strategic WBE alliance with OPEN Impact Real Estate
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NEW YORK, April 24, 2024 – JLL announced today it has established a strategic alliance with OPEN Impact Real Estate, a Women’s Business Enterprise (WBE) certified brokerage. OPEN Impact will be JLL’s exclusive WBE partner in the Tri-State region and a national affiliate of JLL.
The pioneering partnership forms one of the largest WBE commercial real estate platforms in the country, marking a significant milestone in the industry and reinforcing JLL's commitment to diversity, inclusion and ethical business practices.
OPEN Impact Real Estate, established in 2021 by Lindsay Ornstein and Stephen Powers, has quickly emerged as one of the leading nonprofit and mission-driven commercial real estate brokerage firms in the country. The firm specializes in corporate real estate transactions and nonprofit, government and higher education opportunities, entities committed to working with leading Minority and Women-owned Business Enterprises (M/WBE).
Ornstein and Powers have a deep track record in the commercial real estate market, having worked as longtime partners at Transwestern where Ornstein co-founded the Northeast region in 2011 before forming OPEN Impact Real Estate. Ornstein began her real estate career with The Staubach Company. Powers has devoted his entire 20-year real estate career to assisting nonprofits in executing real estate transactions.
“We are excited to welcome OPEN to the JLL team,” said Peter Riguardi, JLL Chairman and President, New York Region. "This is a true differentiator for us. Joining forces not only enhances our corporate service offerings, but the partnership with OPEN amplifies our nonprofit practice headed by David Carlos. This alliance also reaffirms our commitment to nurturing inclusive growth and empowering women in leadership positions within the commercial real estate industry.”
The collaboration signifies major progress for the commercial real estate sector, offering an ethical and impactful choice for clients who are committed to making a positive difference. The affiliation not only elevates the presence of women-led businesses in commercial real estate but also provides Fortune 500 companies with a premier full-service option that aligns with modern values of diversity and excellence.
“We are thrilled to become a JLL partner and to embrace the company’s extraordinary platform,” said Ornstein. “Together, we will set new benchmarks for what it means to lead with integrity and impact in the real estate sector. We believe this partnership will strengthen both companies, expanding our work in key industries and adding a new perspective to hosts of transactions here in NYC and around the country.”
JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.
For more news, videos and research resources visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.