Archives

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, 13...

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...

CHICAGO, IL - November 4, 2011 - (RealEstateRama) -- The U.S. data center market will continue to grow in the latter half of the year as demand shows no signs of slowing. Due to the thawing capital markets, providers and users of data center space are now able to make decisions, releasing years of pent-up demand and resulting in higher deal volume, according to Jones Lang LaSalle’s mid-2011 U.S. Data Center overview.

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 s...

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 ...

CHICAGO, IL - October 20, 2011 - (RealEstateRama) -- The U.S. office market absorbed approximately 9.4 million square feet of space in the third quarter of 2011, bringing the year-to-date total to more than 24.5 million square feet, eclipsing 2010 levels by more than 75 percent. While vacancy levels continue to decline, the lack of job creation could spell a future slowdown in occupancy growth as average job gains have decreased to less than 40,000 jobs created per month since April 2011, according to Jones Lang LaSalle’s Third Quarter 2011 United States Office Outlook. Jones Lang LaSalle’s quarterly outlook tracks 43 U.S. markets and provides an overview of supply and demand, pricing conditions, a statistical analysis and an outlook on future performance.

SEATTLE, WA - October 18, 2011 - (RealEstateRama) -- Jones Lang LaSalle announces that it has merged operations with Pacific Real Estate Partners, Inc., one of the Pacific Northwest’s leading real estate services firms. The combined firm will have a leading presence in the Pacific Northwest, with greatly enhanced strength and depth of service capabilities across the region that will directly benefit the clients of both companies.

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 wit...

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 renovate...

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 201...

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 ...

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 s...

CHICAGO, LONDON, SINGAPORE - August 4, 2011 - (RealEstateRama) -- Jones Lang LaSalle’s new Global Market Perspective, which assesses the impact of economic forces on the world’s major real estate markets quarterly, reveals that despite some economic uncertainties global real estate markets have continued on a resilient recovery path during the second quarter.

CHICAGO, IL - July 14, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that Gregory Bonsignore has joined the firm as Director, Occupancy Planning in the firm’s Strategic Consulting group to support the firm’s long-term strategy to deliver high-performance solutions to clients within its Corporate Solutions business. In this role, Bonsignore will be responsible for driving innovation and product enhancement within the occupancy planning practice.

CHICAGO, IL - July 7, 2011 - (RealEstateRama) -- The U.S. office market absorbed more space in the second quarter of 2011 than it had in the previous four quarters, which illustrates a clear sign that the U.S. office market is in a full recovery. In the second quarter of 2011, the U.S. office market achieved the greatest amount of quarterly absorption since the fourth quarter of 2007 with nearly 11 million square feet absorbed during the three months and nearly 14 million square feet absorbed in the first half of 2011, according to Jones Lang LaSalle’s Second Quarter 2011 United States Office Outlook. Jones Lang LaSalle’s quarterly outlook tracks 43 U.S. markets and provides an overview of supply and demand, pricing conditions, a statistical analysis and an outlook on future performance.

CHICAGO, IL - June 2, 2011 - (RealEstateRama) -- Uncertainty surrounding healthcare reform, a constrained capital environment and intense cost-containment demands represent the triple threat that put healthcare growth and construction on life support for the past several years. But since early 2011, improved liquidity in the capital markets and an increasing desire to enact a thoughtful, well-planned approach to meeting future demands are producing new signs of life, according to Jones Lang LaSalle’s Healthcare Solutions group and its Healthcare Real Estate Spring Outlook

CHICAGO, IL - May 23, 2011 - (RealEstateRama) -- For the fourth consecutive time, Jones Lang LaSalle (NYSE: JLL) has been recognized as the best overall provider of corporate real estate services by the Watkins 2011 Survey of Corporate Real Estate Service Providers. Of the 23 providers evaluated by the largest users of commercial real estate services, Jones Lang LaSalle was rated #1 overall and in several key categories, including use of cutting-edge technology, financial strength, reputation, and geographic scope.

CHICAGO, LONDON, SINGAPORE - May 20, 2011 - (RealEstateRama) -- Cross-border direct commercial real estate investment volumes reached US$37 billion in Q1 2011, up 25 percent from a year ago, according to the recent Global Capital Flows report from Jones Lang LaSalle. Inter-regional volumes (capital moving between the Americas, EMEA and Asia-Pacific) rose to US$26 billion, a 70 percent increase over Q1 2010. This emphasises the appetite real estate investors have for acquiring foreign assets and far exceeds the 40 percent gain across the total market (cross border plus domestic investment) in the first quarter.

CHICAGO, LONDON, SINGAPORE - May 17, 2011 - (RealEstateRama) -- Jones Lang LaSalle’s second quarter 2011 Global Market Perspective, which assesses the impact of economic forces on the world’s major real estate markets, predicts this year will be the strongest performance and real estate trade volume since the market height of 2007.