Tag: NYSE:JLL

NEW YORK, NY - March 28, 2011 - (RealEstateRama) -- Jones Lang LaSalle is marketing a $30.5 million defaulted loan for sale. The loan, which is collateralized by 4,950-square-foot land development site at 276-280 Third Avenue in the Gramercy Park section of Manhattan, is scheduled to be sold at a foreclosure auction on March 30.

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 23, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed a 20,362-square-foot renewal transaction for Peppercom Inc. at 470 Park Avenue South. The strategic communications agency signed a 15-year lease renewal at the Class A, 290,000-square-foot building.

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.

NEW YORK, NY - March 9, 2011 - (RealEstateRama) -- Jones Lang LaSalle has been selected by Shorenstein Realty Services LP as exclusive leasing agent for 850 Third Avenue, also known as the Discovery Building. The company will be responsible for commercial leasing and marketing efforts at the 613,664-square-foot, Class A office building.

NEW YORK, NY - March 1, 2011 - (RealEstateRama) -- Jones Lang LaSalle has been selected by William Macklowe Company and ING Clarion Partners as exclusive leasing agent for 636 Avenue of the Americas. Jones Lang LaSalle will be responsible for leasing and marketing efforts at the 90,000-square-foot, Class A office building recently acquired by a joint venture between WMC and ING Clarion.

MELVILLE, NY - February 25, 2011 - (RealEstateRama) -- Jones Lang LaSalle has hired four seasoned real estate professionals who will be based out of the firm’s Long Island office. Reid Berch, Thomas DiMicelli and Douglas Omstrom will join the company as senior vice presidents and Joseph Lagano II will join as an associate. They will provide a wide range of industrial real estate services — including property sales, tenant representation and agency leasing — throughout Nassau and Suffock counties, and in Queens

NEW YORK, NY - February 23, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that Frank Doyle has been promoted to vice chairman of its New York brokerage operation.

NEW YORK, NY - February 23, 2011 - (RealEstateRama) -- Jones Lang LaSalle today announced its New York Capital Markets team has been chosen to market an iconic luxury rental building known as 737 Park Avenue for sale in New York City. This 20-story, pre-war multifamily building is located at the crest of Lenox Hill, just two blocks from Central Park in Manhattan. The property, owned by Katz 737 Corporation, has been in the same family for 65 years.

NEW YORK, NY - February 22, 2011 - (RealEstateRama) -- Jones Lang LaSalle has completed four new direct leases and two renewal transactions for William Macklowe Company at 400 Madison Avenue in Manhattan, with all six deals totaling 18,589 square feet. The new leases include Edge Technology Group LLC signing for 3,740 square feet, Atlantic-Pacific Capital Inc. taking 3,414 square feet, Equator LLC leasing 2,706 square feet and Healthcare Value Capital LLC signing for 2,700 square feet. In addition, Radius Ventures LLC renewed its 3,865-square-foot lease, and Security Asset Management Inc. renewed its lease for 2,164 square feet at the 200,000-square-foot office building.

NEW YORK, NY - February 16, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that Shawna Menifee has joined the firm as an executive vice president with its New York operations. She will be responsible for cultivating new business relationships throughout the United States with an emphasis on the New York metropolitan area.

NEW YORK, January 31, 2010 — Jones Lang LaSalle has completed a new direct lease for building owner 650 Fifth Avenue Co. with Cortview Capital Securities Inc. at 650 Fifth Avenue. The broker-dealer signed a five-year lease for 10,793 square feet at the Class A, 395,000-square-foot office building.

NEW YORK, NY - January 25, 2011 - (RealEstateRama) -- Paul Formichelli, senior vice president, with Jones Lang LaSalle’s New York office was elected earlier this month as president of the New York chapter of NAIOP.

NEW YORK, NY - January 25, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that Jonathan Tootell, Daniel Turkewitz and Diana Biasiotti have joined the firm’s New York office. The three senior-level brokers will be responsible for new business development, and tenant and agency leasing services throughout the New York metropolitan area.

STAMFORD, CT - January 20, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that the recovery of the Fairfield County, Conn., commercial office market picked up steam in the final quarter of 2010. Meanwhile, job growth continued to fuel improving fundamentals in Westchester County, N.Y. Strong leasing activity in both office markets helped stabilize overall average asking rental rates and fuel overall vacancy rate decreases.

NEW YORK, NY - January 18, 2011 - (RealEstateRama) -- Jones Lang LaSalle reported in its winter 2010 Skyline Review that Midtown’s trophy office buildings posted the first increase in average asking rental rates since spring 2008. In the second half of 2010, the submarket’s high-end buildings saw rents grow by 6.8 percent compared with a 1.2 percent drop in rents in the first half of the year. Rates for Midtown’s highest-quality spaces increased to $77.65 per square foot in winter 2010 from $72.71 per square foot six months earlier

BUFFALO, NY - January 13, 2011 - (RealEstateRama) -- Jones Lang LaSalle today announced it has closed the sale of the landmark corporate headquarters of HealthNow New York, Inc, the parent company of BlueCross BlueShield of Western New York for Duke Realty. Cole Real Estate Investments purchased the 430,458-square-foot, Class A office building located in Buffalo, New York. HealthNow will continue to lease the newly constructed LEED Silver Class A property through July 2024

NEW YORK, NY - January 11, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced the Long Island office market continued to experience a slight softening throughout 2010. With numerous leasing opportunities available, space users showed heavy interest in top-quality spaces throughout Long Island, helping to fuel a rise in availabilities among Class B properties

NEW YORK, NY - January 4, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that vacancy rates fell in all property classes in the Midtown and Midtown South office submarkets during 2010. At the same time, Lower Manhattan posted a slight increase in vacancy rates in all property classes