Jones Lang LaSalle Incorporated (JLL), a leading real estate investment trust (REIT), has recently tied up with Real Estate Disposition LLC, a global leader in real estate auction marketing, for online auctions of commercial properties.

The strategic move is intended to provide an impetus to the beleaguered commercial real estate market that was bogged down in the continued economic downturn and sub-prime crisis. The online auction program would increase the scope of traditional outreach and expose the property to a comparatively wider base of investors.