The Real Deal New York

Jones Lang beefs up investment sales team

March 25, 2011 02:49PM

From left: Jason Gold, Joseph Sitt, Stephen Shapiro and Eric Herlands

Jones Lang LaSalle’s expanding investment sales team in the firm’s New York City Capital Markets group has picked up four more brokers: Eric Herlands, Jason Gold, Joseph Sitt and Stephen Shapiro.

The firm announced today that the new hires will be working for the high-profile team of Richard Baxter, Jon Caplan, Ron Cohen and Scott Latham, who defected from Cushman & Wakefield to JLL last year in a deal sources said was valued at around $1 million per man.

Among their newest listings is 737 Park Avenue, the 108-unit prewar apartment building on the Upper East Side that, according to the New York Post, could fetch up to $250 million. As The Real Deal reported last month, though, the pricey new team has yet to hit its stride, having done only around $200 million in property sales for JLL since its arrival.

Herlands, a faculty member at the NYU Schack Institute of Real Estate, previously worked at Reckson Associates, while Gold is defecting from CB Richard Ellis. Sitt joins from Massey Knakal Realty Services, and Shapiro is a former broker at Eastdil Secured and Savills. TRD

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