Tag: NYSE:JLL

NEW YORK, NY - June 28, 2012 - (RealEstateRama) -- Jones Lang LaSalle was selected by Extell Development as the exclusive leasing agent for One Hudson Yards. The developer tapped the company to provide a full range of commercial office leasing services for the 56-story, 1.78 million-square-foot Class A office building.

NEW YORK, NY - April 5, 2012 - (RealEstateRama) -- Most of the gains in Manhattan’s average asking rental rates over the past year can be attributed to increases in rates for the city’s trophy buildings. Starting rents in some of New York’s trophy product surpassed $175 per square foot for the first time since 2008, according to Jones Lang LaSalle’s Spring 2012 Skyline Review for New York.

NEW YORK, NY - April 5, 2012 - (RealEstateRama) -- Jones Lang LaSalle announced the New York office market remained relatively flat in the first quarter of 2012. Average asking rental rates rose slightly as more expensive office space is added to the market, and overall vacancy rates increased marginally. The addition of new space to Midtown South, which remains one of the tightest markets in the country, has opened up some breathing room for tech tenants clamoring for space in the submarket.

NEW YORK, NY - March 26, 2012 - (RealEstateRama) -- Jones Lang LaSalle has hired Mark Marasciullo as a Managing Director in New York. He will serve on the firm’s national investor client team — a group of established facilitators and relationship managers for Jones Lang LaSalle’s largest institutional investor clients.

NEW YORK, NY - March 26, 2012 - (RealEstateRama) -- Jones Lang LaSalle has named John Wheeler, managing director, to oversee its Lower Manhattan office. He will also continue to provide brokerage and advisory services to some of the firm’s most significant clients.

NEW YORK, NY - March 6, 2012 - (RealEstateRama) -- Jones Lang LaSalle has been selected by IAC as the exclusive global real estate advisor for the company’s real estate needs worldwide.

NEW YORK, NY - February 9, 2012 - (RealEstateRama) -- Jones Lang LaSalle’s New York office was selected by co-owners Silverstein Properties Inc. and the California State Teachers' Retirement System as exclusive commercial office leasing agent for 1177 Avenue of the Americas. The company will be responsible for commercial office leasing and marketing at the Class A, 1 million-square-foot trophy office building.

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 - January 18, 2012 - (RealEstateRama) -- Jones Lang LaSalle has completed two transactions totaling 25,274 square feet of office space for SL Green Realty Corp. at 120 West 45th Street, also known as Tower 45. DeVry College of New York signed a 10-year lease expansion and extension for 19,397 square feet. Horton Point LLC signed a new five-year lease for 5,877 square feet at the Class A, 397,188-square-foot office building.

MELVILLE, NY - January 11, 2012 - (RealEstateRama) -- Jones Lang LaSalle continues to grow its Long Island presence with the addition of Daniel Flynn and Joseph Lopresti as vice presidents with responsibility for tenant representation and agency leasing services. Lopresti will focus his efforts primarily within the Nassau County office market while Flynn will serve the real estate needs of nonprofit organizations throughout Long Island and Queens.

NEW YORK, NY - December 28, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed two deals, totaling 12,075 square feet, for building owner Tech 4 LLC, a subsidiary of Tritec Real Estate Co., at 4 Technology Drive in East Setauket, N.Y. OCLI Realty LLC acquired a 5,156 square-foot medical condominium unit for an undisclosed amount, and Stony Brook Children's Services signed a long-term lease for 7,819 square feet at the Class A, 40,000-square-foot medical office building.

NEW YORK, NY - December 6, 2011 - (RealEstateRama) -- In light of rapid evolution in the life sciences sector, Jones Lang LaSalle conducted a comprehensive study to indentify the top markets for real estate expansion for life sciences companies focused on pharmaceuticals, biotechnology, medical device technology, agricultural biotechnology and biofuels. The firm’s Life Sciences Cluster Report ranks 16 emerging and established clusters in the United States according to relevant criteria to gauge where leading-edge companies are positioning their facilities to gain competitive advantage.

NEW YORK, NY - December 6, 2011 - (RealEstateRama) -- The retail sector continues to edge tentatively toward recovery, buoyed by a stellar start to the holiday shopping season, as retailers, landlords, and investors capitalize on pent-up consumer demand and shopping centers remain a top investment category. However, several obstacles stand in the way of sustained progress in 2012, according to Jones Lang LaSalle’s North America Year-end Retail Outlook. The sector will most likely remain in a holding pattern for at least the next three quarters as the U.S. elections approach, the European debt crisis heightens and lackluster job growth fuels uncertainty.

NEW YORK, NY - November 23, 2011 - (RealEstateRama) -- Jones Lang LaSalle has been selected by SJP Properties as exclusive leasing agent for 11 Times Square, a 1.1 million-square-foot, LEED Gold-Certified commercial tower situated at the corner of 42nd Street and Eighth Avenue in New York’s Times Square. Jones Lang LaSalle will oversee leasing and marketing for the building’s office space.

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 - November 8, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed construction on two new high-end stores, totaling 153,000 square feet, for Uniqlo Co. Ltd. in Manhattan. The locations include the Japanese clothing retailer’s New York global flagship at 666 Fifth Avenue and another store at 31 West 34th Street. The Uniqlo Fifth Avenue store and the Uniqlo 34th Street site will be the second and third locations in the United States following the opening of Uniqlo on Broadway in Manhattan’s Soho neighborhood in 2006.

NEW YORK, NY - October 28, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed the sale of Peck Slip Station, 1 Peck Slip, on behalf of the U.S. Postal Service (USPS) to the New York City School Construction Authority for $13.5 million.

NEW YORK, NY - October 26, 2011 - (RealEstateRama) -- On behalf of the owners of One Madison Park, FKF Madison Group Owner LLC and its affiliated debtors (collectively, the “Debtors”), Jones Lang LaSalle today announced the firm’s special asset services experts have been hired to solicit competing proposals to reorganize the Debtors under Chapter 11 of the United States Bankruptcy Code.

NEW YORK, NY - October 25, 2011 - (RealEstateRama) -- Although not the main driver of Manhattan’s office market recovery that began in mid-2010, Jones Lang LaSalle’s Report found that the resurgence of the high-tech industry has made a substantial contribution. After a significant decrease in 2009 caused by the economic downturn, high-tech employment has been consistently increasing every quarter and creating new office space demand. The growth has been concentrated in Midtown South, which has the lowest vacancy rate in Manhattan at 6.7 percent.

NEW YORK, NY - October 14, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that Michael Bosco has been appointed to serve a one-year term as a member of the New York City Buildings Sustainability Board. He serves as portfolio energy manager with the company’s Energy and Sustainability Services (ESS) group.

NEW YORK, NY - October 14, 2011 - (RealEstateRama) -- Jones Lang LaSalle was selected as exclusive office leasing agent for 1140 Avenue of the Americas. The company will be responsible for commercial leasing and marketing efforts for the newly renovated, Class A, boutique, 250,000-square-foot office building.

NEW YORK, NY - October 10, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that despite slower leasing volume over the summer, vacancy rates have fallen in Manhattan in all office building classes and every submarket in the third quarter of 2011. Higher prices for the city’s trophy office buildings fueled a boost in overall and Class A average asking rental rates in Midtown and Downtown office product, while Midtown South office buildings saw rates remain stable.

NEW YORK, NY - October 4, 2011 - (RealEstateRama) -- Jones Lang LaSalle reported in its summer 2011 Skyline Review that demand for New York trophy office properties remains strong and steady despite continued economic uncertainty and volatility in the stock market. Manhattan has seen average asking rental rates for tower floors at the city’s prime addresses rise faster than any other segment of the market.

NEW YORK, NY - September 21, 2011 - (RealEstateRama) -- Orange Regional Medical Center has completed and opened its new replacement hospital in the Town of Wallkill in Middletown, N.Y. Jones Lang LaSalle's Project and Development Services (PDS) group served as project manager for the 621,000-square-foot, $270 million hospital project starting in the summer of 2007.

NEW YORK, NY - September 16, 2011 - (RealEstateRama) -- Jones Lang LaSalle was selected by Princeton International Properties Corp. as exclusive leasing agent for 150 East 52nd Street, also known as Tower 52. The company will be responsible for commercial leasing and marketing efforts for the Class A, 300,000-square-foot office building.