The Real Deal New York

Posts Tagged ‘jones lang’

  • From the South Florida website: Jones Lang LaSalle is adding to its South Florida office leasing staff after signing on to market several new assignments in the region, according to GlobeSt.com. Among the new appointments are Peter Sheridan, who joins as senior vice president in the Fort Lauderdale office, and Nicole Vassilaros, who will be vice president in the downtown Miami office. The commercial brokerage announced earlier this week that it had been tapped as property manager for the CityPlace Tower in West Palm Beach. It is also handling leasing and management at the Southeast Financial Center and is the new property manager at the 47-story Miami Tower. [more]

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  • Narrow second-quarter loss for Cushman

    August 30, 2010 01:00PM

    Rivals CBRE and Jones Lang reported profits in the same period

    Glenn Rufrano

    The red ink slowed in the second quarter for the world’s third-largest commercial services firm Cushman & Wakefie… [more]

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  • The vacancy rate for Midtown Class A office space fell last month to its lowest level since the first quarter of 2009, according to a monthly report released today by commercial real estate firm Jones Lang LaSalle. “With the increase in activity and no notable blocks of space placed on the market, vacancy dropped below 14.5 percent for the first time since the end of the first quarter 2009,” the report, covering January leasing in Manhattan office buildings, said.The Midtown Class A vacancy rate was 14.3 percent in January, down from 14.7 percent in December, the report says (see full report after the jump). At the same time, asking rents for Class A space in Midtown were essentially flat, down four cents to $65.15 per square foot. For all classes of Midtown buildings, the vacancy rate fell by .5 points to 13.8 percent and the average asking rent slipped by five cents per foot to $59.43 per square foot, the report says. For Manhattan overall, the vacancy rate fell by .3 points to 12.8 percent, and the average asking rent fell by 26 cents per foot to $53.33 per square foot. The CEO of Jones Lang LaSalle, Colin Dyer, speaking about global real estate values on CNBC from Davos, Switzerland, said capital markets could recover quickly, but fundamentals remain weak (see video below). more



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  • Full-service commercial real estate firm Jones Lang LaSalle was tapped
    to take over the management and leasing of the former Macklowe
    Properties Midtown building 1330 Avenue of the Americas, Jones Lang
    LaSalle told The Real Deal. Macklowe had been the owner and manager of the 40-story property before
    losing it in a mezzanine foreclosure auction April 22 to the senior
    mezzanine lender, Otera Capital, a division of a Canadian pension fund. Macklowe bought the property, which spans the block between 53rd and 54th
    streets, in 2006 for $498 million. Otera picked it up for $240.1
    million, through the assumption of a $240 million first mortgage and a
    $100,000 bid for the mezzanine note. Jones Lang was picked by CWCapital Asset Management, on behalf of
    Otera, to lease and manage the 525,000-square-foot building which has
    140,000 square feet available for lease, the management company said in
    a statement…. [more]

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