Tag: Jones Lang LaSalle

NEW YORK, NY - January 18, 2012 - (RealEstateRama) -- Jones Lang LaSalle has completed a combined sublease and new direct lease transaction totaling 57,364 square feet of office space for Endurance Reinsurance Corporation of America with SL Green Realty Corp. at 750 Third Avenue, also known as Grand Central Square. The reinsurance firm signed a 10-year sublease for 40,500 square feet and a 10-year direct lease for 16,864 square feet at the Class A, 857,354-square-foot office building.

NEW YORK, NY - November 11, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a new, direct lease for WeWork with Extell Development Co. at 175 Varick Street. The coworking firm signed a 15-year lease for 75,000 square feet at the Class A, 130,240-square-foot office building.

NEW YORK, NY - September 13, 2011 - (RealEstateRama) -- In a recent study of 40 office markets across North America, Jones Lang LaSalle reveals the most expensive streets* for office space. Sand Hill Road in Menlo Park, Calif., topped the list with average rents reaching almost $114 per square foot (psf), while iconic streets such as Fifth Avenue in New York runs at $97 psf and Pennsylvania Avenue in Washington, DC fetches above $80 psf.

NEW YORK, NY - September 7, 2011 - (RealEstateRama) -- Jones Lang LaSalle represented the Greater New York Councils, Boy Scouts of America, in an agreement with The Trust for Public Land to permanently protect the William H. Pouch Scout Camp on Staten Island. The GNYC entered into an agreement with TPL that will result in the preservation of 94 acres from development through a two-phase plan that includes the purchase of a large portion of the site.

NEW YORK, NY - August 25, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced its New York Capital Markets team has closed the sale of 1552 Broadway for the Riese Organization. A joint venture of SL Green and Wharton Acquisitions purchased the 15,000-square-foot retail property for $136,550,000.

NEW YORK, NY - July 27, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a new direct lease for building owner Eastgate Realty with Cerberus Capital Management LP at 875 Third Avenue. The private investment firm signed a 10-year lease for 110,000 square feet at the Class A, 720,000-square-foot office building.

NEW YORK, NY - July 14, 2011 - (RealEstateRama) -- Jones Lang LaSalle has been selected by the Italian Trade Commission to market 33 East 67th Street, once known as the Hugh D. Auchincloss House. Constructed originally as a townhouse, the five-story mansion is located on the Upper East Side of Manhattan and serves as the home of the ITC.

NEW YORK, NY - July 7, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that overall average asking rental rates increased and overall vacancy rates decreased in every building class and every submarket of Manhattan's office market in the second quarter of 2011. Class A buildings in Midtown and Midtown South posted gains in rents while Class B product in both submarkets saw rates fall slightly.

NEW YORK, NY - June 29, 2011 - (RealEstateRama) -- Jones Lang LaSalle has been selected by RFR Realty LLC as co-leasing agent for 757 Third Avenue. The company will be responsible for assisting the building owner with leasing and marketing efforts at the 27-floor, 457,250-square-foot, Class A office building.

NEW YORK, NY - June 27, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a new direct lease for GuardHill Financial Corp. with Boston Properties Inc. at 140 East 45th Street, also known as 2 Grand Central Tower. The mortgage banker and brokerage firm signed at 10-year lease for 16,350 square feet at the Class A, 667,000-square-foot office building.

NEW YORK, NY - June 21, 2011 - (RealEstateRama) -- Giles Wrench, who heads the international desk for Jones Lang LaSalle in New York, has been promoted to international director. He joins the firm’s select group of international directors who are recognized for delivering exceptional results for clients and driving the firm’s growth

NEW YORK, NY - June 17, 2011 - (RealEstateRama) -- Jones Lang LaSalle represented Starr Hill Presents, a sister company of Red Light Management, in arranging a summer music festival at Bader Field in Atlantic City. The three-day music festival is the first stop for the Dave Matthews Band Caravan and the event will take place from June 24 to June 26.

NEW YORK, May 26, 2011 — For the first time in nearly two years, corporate occupiers are moving away from short-term tactical real estate plays exclusively centered on delivering sizeable cost savings in favor of a strategic, long-term approach to growth, according to Jones Lang LaSalle’s First Quarter 2011 National Office Occupier Outlook. Though it is not yet widespread, an increase in office space demand was recorded in the first quarter in select market segments with particular concentrations of growth industries such as technology, energy and professional services.

CHICAGO, LONDON and SINGAPORE - May 16, 2011 - (RealEstateRama) -- Jones Lang LaSalle, a leading global real estate services firm, has been named a lead sponsor to the Carbon Disclosure Project (CDP) Cities program to improve environmental sustainability in the world’s largest cities, and thereby enhance their economic viability.

MELVILLE, NY - May 3, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced the Long Island office market demonstrated signs of recovery in the first quarter of 2011. The market’s improving fundamentals were led by Nassau County, which posted a considerable drop in vacancy rates and a slight increase in average asking rental rates in all property types. Suffolk County’s office market remained steady, with Class A properties recording a drop in vacancy rates and a minor increase in rents.

NEW YORK, NY - April 19, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that Scott Vinett has joined the firm as a senior vice president with its New York operations. He will be responsible for tenant representation and agency leasing services, with a specific focus on the New York metropolitan area. Vinett has nearly a decade of experience in overseeing deals, lease restructurings and other complex real estate transactions. He focuses on serving the real estate needs of clients involved in a wide variety of industries including financial services, apparel, media, architecture and engineering.

STAMFORD, CT, April 18, 2011 — Jones Lang LaSalle announced the Fairfield County, Conn., commercial office market continued to see slowly improving fundamentals in the first quarter of 2011. Although Westchester County recorded strong job growth in many areas this quarter, vacancy rates rose in many of the county’s submarkets. Fairfield County posted stagnant or falling average asking rental rates while Westchester County saw slight rate increases countywide

NEW YORK, NY - April 15, 2011 - (RealEstateRama) -- Jones Lang LaSalle has been selected by building owner KBS Realty Advisors Inc. as exclusive leasing agent for 619 West 54th Street. The company will be responsible for commercial leasing and marketing efforts at the Class A, 301,000-square-foot office building.

NEW YORK, NY - April 13, 2011 - (RealEstateRama) -- Jones Lang LaSalle has been selected by CF 620 Owner One LLC as exclusive leasing agent for 620 Avenue of the Americas, also known as 45 West 18th Street. The company will be responsible for commercial office leasing and marketing efforts at the Class A, 780,000-square-foot mixed-use building.

NEW YORK, NY - April 13, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a lease renewal for Gagosian Gallery at 980 Madison Avenue in Manhattan with RFR Realty LLC. The art gallery signed for slightly more than 50,000 square feet of space for 10 years at the 90,882-square-foot, Class A office building.

NEW YORK, NY - April 4, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that average asking rental rates rose slightly throughout much of Manhattan's office market in the first quarter of 2011. While Midtown South recorded a significant drop in vacancy rates in all property classes, the Midtown submarket posted the first increase in Class A vacancy rates in more than a year.

NEW YORK, NY - March 28, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced today that it has hired Wall Street veteran Kellogg Gaines to the firm’s Americas Capital Markets business as part of firm’s overall expansion of its dedicated Real Estate Investment Banking expertise. Gaines joins as a Managing Director in the New York office where he will work with Co-Heads and Executive Managing Directors Tom Fish, Tom Melody and Mike Melody to lead the firm’s debt and equity sourcing and loan origination business in the New York region.

NEW YORK, NY - March 25, 2011 - (RealEstateRama) -- Jones Lang LaSalle today announced Eric Herlands, Jason Gold, Joseph Sitt and Stephen Shapiro have joined the firm in the last several months as part of the firm’s New York City Capital Markets business as its investment sales team expands. The foursome is working under the direction of Vice Chairmen Richard Baxter, Jon Caplan, Ron Cohen and Scott Latham. Eric Herlands joins the firm as a Senior Vice President, while Jason Gold, Joseph Sitt and Stephen Shapiro each take on the role of Vice President.

NEW YORK, NY - March 17, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a sublease transaction for Fred Alger Management Inc. at 360 Park Avenue South with Reed Elsevier. Alger, a premier investment management firm, signed a 10-year sublease for 46,000 square feet at the 442,800-square-foot, Class A office building

NEW YORK, NY - March 11, 2011 - (RealEstateRama) -- After two years of steady new development deliveries and increasing sublease options, supply dynamics have stabilized, rents have bottomed out and landlords have begun to scale back tenant improvement allowances at top office properties across the U.S. and Canada, according to the first-ever North American Skyline Review from Jones Lang LaSalle. As a result of these supply-demand dynamics, investor interest for this type of product has heated up, causing activity and pricing to jump and yields to compress.