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New York

CBRE veteran to head JLL’s NYC brokerage division

From left: Philip Palmer and JLL's Peter Riguardi
From left: Philip Palmer and JLL's Peter Riguardi

Jones Lang LaSalle has tapped CBRE’s Philip Palmer to oversee their brokerage operations in New York City. Palmer will manage more than 100 brokers in JLL’s expanding operation, the firm said.

Palmer was formerly managing director of CBRE’s Midtown brokerage division, and prior to that was vice president of sales at a Canadian printing company. JLL approached him about a possible move about two months ago, he said.

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“I’m here for no other reason than it’s a great opportunity and a fantastic platform,” Palmer told the New York Observer.

JLL’s brokerage division has nearly doubled in size over the past three years, Palmer told the Observer, and is actively hunting for talent. “We view brokerage as the pointy end of the spear,” Palmer said. “It’s what most resonates with clients.”

Last week, Boston Properties announced that it had poached veteran CBRE broker John Powers to head its New York operations.  [NYO] – Hiten Samtani

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