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    News and Articles on Jones Lang LaSalle (JLL)

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    Los Angeles Center Studios Signs Current TV and InVisM in the Same Week  Nov 21, 2009
    Gary Horowitz of Jones Lang LaSalle represented Current TV. Los Angeles Center Studios was represented by Chris Bonbright, John Tronson, and Tom Barich of Ramsey Shilling. About Los Angeles Center Studios. (Yahoo! Wire -- Entertainment News)

    Becton, Dickinson and Co. moves office  Nov 21, 2009
    The tenant was represented by Chris Bynum of Jones Lang LaSalle s Washington office. The owner was repped by Ben Meisel and Greg Tomasso of Akridge. (Washington Business Journal, DC)

    Former Harrahs headquarters headed for online sale  Nov 21, 2009
    Jones Lang LaSalle managing directors Guy Ponticiello and Russ Westlake, as well as vice president Ben Herrig, are handling the assignment ... After talking with , and , Jones Lang LaSalle estimates the property would cost $50 million if it was built today with current finishes that were put in for Harrah s. ... Jones Lang LaSalle has found that auctions can be a fast and effective way of selling real estate in any market, according to Ponticiello. (Memphis Business Journal, TN)

    Dhoni and Bhajji now partners in biz  Nov 20, 2009
    Its a fair deal, said Anuj Puri, chairman and country head of Jones Lang LaSalle Meghraj, a Mumbai-based property research consultancy. I would rather say they have got it at a pretty low rate (Rs 14,000 per square foot), given that the market rate for commercial property in the said location should be in the range of Rs 16,000. (India Times)

    Late Mortgages Hit All-Time High In Q3; New Fears For FHA  Nov 20, 2009
    A commercial property recovery won't start till the latter half of 2010, analysts at real estate firm Jones Lang LaSalle said this week. And for any hope of a meaningful boost, the National Association of Realtors said in a forecast Thursday, credit availability must significantly rebound. (Investors Business Daily)

    Home of Giggling Grizzly sold  Nov 20, 2009
    Jones Lang LaSalle Americas Inc. is marketing the industrial space. Shops at Park Meadows, 9226 Park Meadows Dr., Lone Tree 80124 This shopping center near Park Meadows mall is on the market for sale, with a $2. (Denver Business Journal, CO)

    Ald. Reilly spurns new East Loop TIF  Nov 19, 2009
    I do not agree that the needs within the proposed boundary come close to meeting the threshold level of obsolescence or deterioration the Illinois statute was designed to address, Mr. Reilly wrote in a letter to Matthew Amato, a Jones Lang LaSalle Inc. executive who is general manager of the Aon Center. The 82-story skyscraper is owned by Piedmont Office Realty Trust and managed by Chicago-based Jones Lang. (Crain's Chicago Business)

    Bids due in December for Renaissance Suites  Nov 18, 2009
    Jones Lang LaSalle Hotels was hired this year to advise the owners of the Renaissance on strategies to cut costs and boost profitability. Jones Lang LaSalle Hotels recommendations to boost revenue and cut costs saved the Renaissance $1 million in 2009, according to the bondholders call transcript. (St. Louis Business Journal, MO)

    Real estate group looks on bright side  Nov 18, 2009
    Forecasting in this environment is a fool's game, said Kenneth Rudy, head of U.S. capital markets for Jones Lang LaSalle ... Lynn LaChapelle, managing director of capital markets at Jones Lang LaSalle in San Diego, said the office market is laboring under a large shadow inventory of subleased properties and leased but vacant space. (San Diego Union-Tribune)

    'Some real estate IPOs may falter'  Nov 15, 2009
    "Around 15 real estate IPOs have been lined up. They plan to raise in exc 00004000 ess of $6 billion. I don't think that all of them are going to have a smooth journey. One or two may falter, as well," Anuj Puri, Chairman, Jones Lang LaSalle Meghraj, told news agency here. Puri said unlike previously, when investors lapped up issues at any price, this time, investors would like to see the pricing, the credibility of the developers and their ability to execute the undertaken or proposed projects,... (India Times)

    Stakeholders of the real estate sector  Nov 13, 2009
    According to Ashutosh Limaye, associate director (Strategic Consulting), Jones Lang LaSalle Meghraj, "The stock market has SEBI to provide guidelines, define conduct and processes, provide a redressal system for both buyers and sellers and install necessary consistency and standardisation. The proposed real estate regulatory body intends to do the same for the Indian property market, which currently presents a rather under-organized picture.". Deepak Parekh, chairman of HDFC, had expressed the... (India Times)

    Zell: Predictions of commercial real estate crash 'greatly exaggerated'  Nov 12, 2009
    John Rogers, who heads Chicago-based Ariel Investments LLC, picked three favorites: Hewitt Associates Inc., Jones Lang LaSalle and CBS.. Buy Ladbrokes PLC, advised New York hedge fund Eminence Capitals Ricky Sandler, because the U.K. companys licensed betting offices are essentially a license to print money. (Crain's Chicago Business)

    National Farmers Union moves HQ  Nov 12, 2009
    20 F s ideal location allows National Farmers Union staff to walk to meetings on the Hill, said John Doub of Jones Lang LaSalle, who represented the building s owner with Andy O Brien. Ed Flenner of the Meyer Group represented the tenant. (Washington Business Journal, DC)

    Pune's retail real estate sees revival in premium brands  Nov 12, 2009
    Anand Dutta, Head (retail) Pune, Jones Lang LaSalle Meghraj. Read business stories in. (India Times)

    Cost of going green  Nov 12, 2009
    Energy expensesAccording to Anita Mitchell, Head of Energy and Sustainability Services, at Jones Lang LaSalle, professional service firms are more likely to be interested in the energy expenditure in their office space because it accounts for 75% of emissions. For example, lighting accounts for 60% of a tenants consumption while air conditioning and ventilation accounts for more than 50% of a building owners energy use, Ms Mitchell explains. (Sydney Morning Herald -- Business)

    Corporate RE Executives Like Sustainability  Nov 11, 2009
    The survey of 231 corporate real estate executives by CoreNet Global and Jones Lang LaSalle had these key findings ... Source: CoreNet Global and Jones Lang LaSalle (11/09/2009). (Realtor Magazine Online)

    Law firms shop for rent deals  Nov 9, 2009
    In fact, Midtown, the official home of Atlanta law firms, has about a dozen firms shopping for a total of nearly 1 million square feet of space, according to a report by Jones Lang LaSalle, a commercial real estate services firm ... Law firms Alston and Kilpatrick Stockton have combined requirements of nearly 650,000 square feet and both are focusing on Midtown, according to Jones Lang LaSalle, which was hired by Kilpatrick Stockton to help with its search. (Atlanta Journal-Constitution -- Business)

    In brief: New Jones Lang exec | River North stores | New sub chain  Nov 7, 2009
    Ann Sperling, 54, has joined Jones Lang LaSalle Inc. as chief operating officer for the Americas region. Ms. Sperling replaces Bill Thummel, who has been in the position since 2005 and was named to a new post of chief operating officer for Jones Langs global corporate solutions group. (Crain's Chicago Business)

    U.K. Home Prices Likely to Fall Next Year, Erase 2009 Rebound, Brokers Say  Nov 6, 2009
    Real estate advisers Knight Frank LLP and Jones Lang LaSalle Inc. also predict a drop. The Brussels-based European Commission said this week that the U.K. may peak in 2010 at 8. (Bloomberg -- UK)

    Denver real estate exec Sperling heading to Jones Lang LaSalle  Nov 6, 2009
    for free extra services. Thursday, November 5, 2009, 2:20pm MST. (Denver Business Journal, CO)

    Rio de Janeiro's Niemeyer Designed Hotel Nacional Gets No Bids at Auction  Nov 6, 2009
    This could send the wrong message to the real estate market, said Ricardo Mader, head of Jones Lang LaSalle Hotels in Brazil. The image of an empty landmark at a time when investors are hunting for properties is very negative for Rio. (Bloomberg -- Latin America)

    * Office property market to outperform peers  Nov 6, 2009
    Grade-A office and commercial property markets in Taipei City are expected to outperform their peers in Asia to experience the smallest decline in both rentals and capital values during the downturn in the property market, Jones Lang LaSalle executives said yesterday. The international real estate services provider yesterday forecast the office and commercial markets in Mumbai and Hong Kong would hit their trough later this year, earlier than counterparts in Taipei, Beijing, Shanghai and Tokyo,... (Taipei Times, Taiwan -- World Business)

    Beer distributor Reyes Holdings expanding in HQ move  Nov 5, 2009
    Executives with real estate firm Jones Lang LaSalle Inc., which represents both Reyes Holdings and Deerfield Capital, decline to comment. An executive with Golub which leases One OHare Centre, did not return calls requesting comment. (Crain's Chicago Business)

    Investment in a second home  Nov 5, 2009
    "Although the concept of second homes was accepted by the Indian audience, as the figures show, everything crashed during the downturn . In the last one year, there have hardly been any takers for this segment . The market is stagnant as of now," says Raminder Grover, CEO, Homebay Residential, Jones Lang LaSalle Meghraj. There are two types of buyers, in the second home market, explains Grover. (India Times)

    Study: Cleveland Circle development unlikely without Boston-Brookline collaboration  Nov 5, 2009
    We can t look at this in isolation of the larger context, said Daniel St. Clair, a member of the ULI panel and managing director at Jones Lang LaSalle, a commercial real estate firm. ULI began studying Reservoir Station earlier this month at the suggestion of the MBTA, which has been exploring T property where so-called air rights could be leased to developers interested in building on top of existing train tracks and rail yards. (Brookline TAB, MA)

    Retail property investment picking up  Nov 4, 2009
    In its third quarter report on the national retail property market, Jones Lang LaSalle says retailers and investors continue to grow increasingly confident about the outlook for the retail sector ... According to Jones Lang LaSalles national head of retail investments, Simon Rooney, the steady recovery in investment activity within the retail property sector continued in the third quarter, with 15 sales being recorded totalling $541. (Sydney Morning Herald -- Business)

    Building in S.F. not expected to grow for years  Nov 3, 2009
    5 percent in the third quarter of 2008, and rents dropped from approximately $42 per square foot annually to $32 per square foot during the same period, said Colin Yasukochi, research director at Jones Lang LaSalle, a real estate services and investment management company ... "The real problem here is the amount of vacant office space in San Francisco," said Michel Seifer, managing director of the Jones Lang LaSalle capital markets group. (San Francisco Chronicle)

    Rentals rise even as capital values of real estate dipped  Nov 1, 2009
    "Demand for rental space has risen over the last few months. The improvement since April is between 12-15%, depending on the economic drivers of each city. This is generally a good time to rent homes, depending on location-based dynamics," feels Raminder Grover, CEO-Homebay Residential, Jones Lang LaSalle Meghraj (JLLM). Today the market is driven by the need of end users who are still unsure about capital investment in real estate and are taking the rental option in an unstable market. (India Times)

    University to buy Martinsburg Mall  Nov 1, 2009
    The purchase and sale agreement with Jones Lang Lasalle Americas Inc. was noted in the schools pending application with the City of Martinsburgs planning commission earlier this month ... The schools proposal comes less than a year after the mall was placed in receivership of Jones Lang Lasalle, a Chicago-based corporation ... Jones Lang LaSalle, a global real estate services firm with offices in Atlanta, has been appointed the receiver of Martinsburg Mall. (The Herald-Mail Online)

    Offices could be vacant for years  Oct 29, 2009
    Atlanta's construction cycle is typically four to seven years, so with a very healthy rebound from this downturn, construction could begin again as early as 2012, said Lanie Rea, research manager for Jones Lang LaSalle in Atlanta. The next major Class A office construction will likely be a build-to-suit project, she said, or one in which a major tenant has committed to significant space prior to breaking ground. (Atlanta Journal-Constitution -- Business)

    BBB names Torch Awards winners  Oct 24, 2009
    Business, 100-plus employees: Jones Lang LaSalle, winner; Furniture Fair, General Revenue Corp., honorees. Nonprofit, revenues under $1. (Cincinnati Business Courier, OH)

    North Sydney market awaits sales recovery  Oct 24, 2009
    James Parry, the regional director for sales in North Sydney for Jones Lang LaSalle, said the volume of prime assets coming to market in North Sydney had diminished off the back of successful capital raisings by the real estate investment trusts (REIT) ... "It is this reducing volume of available properties for sale being circled by an ever increasing number of buyers which is creating an imbalance of stronger buying demand than available supply of properties for sale.'' He said industry experts... (Sydney Morning Herald -- Business)

    Interactive ads debut nationallyat Colonie Center  Oct 23, 2009
    The company that manages the mall, Jones Lang LaSalle Retail, is excited about the ads. Zeno is a unique and fresh advertising medium that has the stopping power brands need, said Heather Levesque, regional marketing manager. (Albany Business Review, NY)

    Singapore's Private Home Prices Rebound on Cheap Money, Rebound in Economy  Oct 23, 2009
    Asset values were knocked down considerably in the global financial crisis and nervous investors pulled out of the market, , South East Asia managing director for Jones Lang LaSalle Inc., said in a phone interview ... CB Richard Ellis is the worlds largest publicly traded commercial-property broker, followed by Jones Lang LaSalle. (Bloomberg -- Asia)

    55 M St. SE nabs its first tenant  Oct 21, 2009
    The tenant was represented by Bob Shue and Steve Burman of Jones Lang LaSalle. The expected move-in date is April 1, 2010. (Washington Business Journal, DC)

    Real estate firm plans mobile management upgrade  Oct 20, 2009
    One real estate services company using Boxtone version 4, Jones Lang LaSalle (JLL) in Chicago, plans to migrate to version 5 in two months, said Joe Ryan, senior vice president of IT operations in the Americas for JLL, in an e-mail. Ryan said the new version will help JLL monitor and manage ActiveSync devices, and could provide self-service features to help remote users activate and provide some basic management of devices on their own. (San Francisco Chronicle -- Technology)

    Realty: Diwali '09 offers are meant more for end users  Oct 18, 2009
    According to Raminder Grover, CEO, Homebay Residential, Jones Lang LaSalle Meghraj (JLLM), demand this festive season has been 25% higher than it was last year, when the sector was already in the grip of the slowdown. Whether this demand is on the back of varied offers or an improvement in the overall sentiment, the fact is that many developers are launching special incentives to appease buyers. (India Times)

    U-Store-Its sold for $16M  Oct 16, 2009
    Jones Lang LaSalle Inc. (NYSE: JLL) represented SAIC in the deal, and landlord Westcore Properties LLC represented itself. Freddy's Frozen Custard & Steakburgers, 2660 W. Belleview Ave., Littleton 80123 -- Freddy's opened this free-standing, 3,600-square foot restaurant in late September, and is looking for other metro-area locations with the help of CB Richard Ellis Group Inc.'s (NYSE: CBG) local branch. (Denver Business Journal, CO)

    Dream Homes: Buy now or wait?  Oct 14, 2009
    In Mumbais western suburbs, prices could stabilise at current levels or marginally correct in the Bandra-Andheri stretch, as the demand is much higher, said Ashutosh Limaye, associate director (strategic consulting), Jones Lang LaSalle Meghraj. If one goes beyond Borivali up to Vasai or Virar, real estate consultants expect some correction in prices. (India Times)

    Twitter moving to larger SoMa office space  Oct 14, 2009
    Commercial real estate activity in the South of Market area is picking up because there are many leases set to expire in one to three years, said Colin Yasukochi, a research director for Jones Lang LaSalle, a real estate service and investment management firm. "If you find a good enough deal and it's worthwhile to move early, sometimes tenants will do that," Yasukochi said. (San Francisco Chronicle)

    In brief: Fairmont Chicago | Meijer | Old Main Post Office  Oct 13, 2009
    The biggest drop in global real estate investment in the first half of the year was in the United States, according to Jones Lang LaSalle Inc. The transaction volume in the U.S. was $76 billion in the first half of 2009, down 77% from the same period last year, according to a release from Jones Lang. However, In the last two months, weve seen German and Asian investors increase their interest in U.S. investment, according to a statement from Managing Director Steve Collins of Jones... (Crain's Chicago Business)

    Office leasing down in third quarter  Oct 13, 2009
    5 million square feet of office leases were reported during the third quarter of 2009, according to a report by Jones Lang LaSalle. Leasing activity declined 41 percent from the second quarter of 2009 and 60 percent from the same period a year ago, the report said. (Atlanta Journal-Constitution -- Business)

    Jewish Federation buys suburban site for retirement home  Oct 10, 2009
    Walgreen has had some occupancy for several years in the two buildings it bought, says Tim Hart, a senior vice-president with Jones Lang LaSalle Inc. who represented both Walgreen and the Jewish Federation in their transactions. Meanwhile, the Jewish Federation needed the five-acre parcel it acquired for its development and didnt want to risk Walgreen or another buyer expressing interest. (Crain's Chicago Business)

    In brief: Chicago 2016 HQ | Law firm move | Turtle Wax  Oct 10, 2009
    Jones Lang LaSalle Inc. is marketing the two floors for sublease from Aon. Each floor is 31,701 square feet, according to CoStar Group Inc. Patrick Ryan, Aons founder and former CEO, is chairman and CEO of Chicago 2016. (Crain's Chicago Business)

    No-Money-Down Loans That Sank U.K. Housing Return With Government Lending  Oct 9, 2009
    One hundred percent loan-to-value mortgages were what partly got us into this mess in the first place, said , head of research for Europe the Middle East and Africa at Jones Lang LaSalle Inc. I would be concerned with the message this sends to borrowers. Guest was previously chief European economist at Moodys Investors Service. (Bloomberg -- UK)

    Rio Race for Rooms by Marriott, Starwood Starts for 2016 Olympic Shortage  Oct 9, 2009
    SA, based in Paris, is the largest international hotel operator in Brazil, with 141 properties and 22,558 rooms in the country, according to an August report by LaSalle Hotels, part of Chicago-based Jones Lang LaSalle Inc. Bethesda, Maryland-based oversees four hotels with 1,116 rooms while McLean, Virginia-based manages two venues with 846 rooms and has a third under construction, according to LaSalle ... Its impossible to double the inventory just in Rio itself because of land... (Bloomberg -- Latin America)

    Signs of life in Mission Bay real estate market  Oct 9, 2009
    "The sales are helping to establish value in the market. The worst thing for any market is a lack of transactions," said Colin Yasukochi, research director at Jones Lang LaSalle, a real estate services and investment management company. E-mail Robert Selna at. (San Francisco Chronicle)

    * Commercial property regains liquidity: DTZ  Oct 8, 2009
    Sherry Wu (d), director of Jones Lang LaSalles (qp) commercial property market, however, said foreign buyers have largely left the commercial real-estate market as investment destinations are generating a lower return of between 2 ... One thing both DTZ and Jones Lang LaSalle believe is that the citys grade-A rental office market will continue to see declining rentals and rising vacancies ... A survey by Jones Lang LaSalle showed that monthly rentals of four major grade-A office... (Taipei Times, Taiwan -- World)

    AutoTrader to lease new headquarters  Oct 8, 2009
    AutoTrader had been shopping for 250,000 square feet of space, according to commercial real estate services firm Jones Lang LaSalle. That would be one of the largest office leases in terms of square footage in metro Atlanta this year. (Atlanta Journal-Constitution -- Business)

    LCL to bid for more jobs in Abu Dhabi  Oct 5, 2009
    Jones Lang LaSalle, the worlds leading real estate investment and advisory firm, late last month said Dubai and Abu Dhabi were among the best positioned to attract long-term investment to their real estate markets over the next two to three years, noting that Dubai had made considerable progress towards recovery since last year. The positive views on Dubai and Abu Dhabi are shared by Malaysian Ambassador to UAE Datuk Yahaya Abdul Jabar, Dubai-based Matrade senior trade commissioner Dzulkifli... (The Star Online, Malaysia -- Business)

    Musos, fans harbour hope for the pub that rocked  Oct 3, 2009
    There's a good opportunity for an owner-operator with a bit of equity to make a living out of that venue,'' said John Musca, a broker with Jones Lang LaSalle Hotels. One of the owners, Evangelos Patakas, blamed recent fines from licensing police and a need to upgrade the building in accordance with council safety regulations. (Sydney Morning Herald -- Australia)

    Pain in Spain May Linger as Banks Prop Up Property Prices to Avoid Losses  Oct 2, 2009
    Some banks wont let prices fall because they dont want to recognize their losses, said , general director for Spain of property broker Jones Lang LaSalle in Madrid. Significant losses would emerge if they did that. (Bloomberg)

    Grand Hotel for sale as Wirth tests the waters  Oct 2, 2009
    Owner Jeffrey Wirth put the 140-room luxury hotel on the market last week, using Chicago-based commercial real estate firm Jones Lang LaSalle as the listing agent. He hasn t specified an asking price or a deadline for bids. (Twin Cities Business Journal, MN)

    Beacon Capital Partners Makes History with First Multi-Tenant Platinum LEED Existing Buildings  Sep 30, 2009
    At Beacon Capital Partners, LLC and Jones Lang LaSalle the future is so bright the companies are wearing shades ... Beacon has proven that it is an environmentally responsible owner, said Dan Probst, Chairman of Jones Lang LaSalle's Energy inability Services group. (RealtyTimes)

    No-sell hotel on 42nd street  Sep 30, 2009
    Lois Weissreported last year that Jones Lang LaSalle had brokered a prospective sale of Istithmar's parcel to an unidentified entity ... My colleague Lois Weiss reported last year that Jones Lang LaSalle had brokered a prospective sale of Istithmar's parcel to an unidentified entity. (New York Post -- Business)

    Rockrose divides the spoils  Sep 30, 2009
    A Jones Lang LaSalle team of ... A Jones Lang LaSalle team of Peter Riguardi, Michael Shenot and Lloyd Desatnick repped GM.. (New York Post -- Business)

    Investors in love with Paris again  Sep 26, 2009
    Landlords in the prime central business districts near the Avenue des Champs-Elysees, the Opera house and La Defense can now expect rental income equal to 6 per cent of building values or more, compared with about 4 per cent at the end of 2007, Jones Lang LaSalle estimates. The time has now come for us to re-enter the market,'' said Karl-Joseph Hermanns-Engel, a member of the management board at Hamburg-based Union Investment Real Estate, which has earmarked more than ;300 million for purchases... (Sydney Morning Herald -- Business)

    Staubach, others dare to make predictions  Sep 25, 2009
    Guest speakers included Denver Mayor John Hickenlooper and Roger Staubach, chairman of Jones Lang LaSalle Americas and former quarterback ... Kenneth Rudy, chief operations officer of Jones Lang LaSalle s capital markets branch, in an overview of the capital markets from a nationwide perspective. (Denver Business Journal, CO)

    Queensland rules out Cubbie buyout  Sep 24, 2009
    Agents Jones Lang LaSalle expect interest in the southwest Queensland property, which was valued at more than $450 million at the end of June, from Australia, Asia, Europe and the United States ... "We've been quite pleased with the level of interest and enquiry, mainly from Asia and Europe, as well as Australia," Jones Lang LaSalle chief executive Stephen Conry told AAP on Thursday. (Sydney Morning Herald -- Australia)

    Loan unease for Comfort  Sep 23, 2009
    They are listed as available for direct lease through Jones Lang LaSalle ... They are listed as available for direct lease through Jones Lang LaSalle. (New York Post -- Business)

    True Value renews in big lease for suburbs  Sep 22, 2009
    3% a year earlier, according to Jones Lang LaSalle Inc.. Theres not a lot of tenants running around the Chicago area that need that much space, says Donald Shapiro, CEO of Rosemont-based Foresite Realty Partners LLC, which was not involved in the deal. (Crain's Chicago Business)

    Business Buzz: Sept. 17  Sep 20, 2009
    She brings a keen sense of business with the institutional sales process and investing expertise which comes from being part of Jones Lang LaSalle s Boston Investment Sales team and prior to that, acquisitions for TA Associates Realty and The Archon Group, said Robinson. McDonough most recently served as principal of Magnolia Realty Capital, LLC where she provided advisory services to owners of real estate assets in the areas of real estate investment strategy and asset dispositions. (Burlington Union, MA)

    Realtors must tell buyers about banks' claim on property: RBI  Sep 19, 2009
    Says Anuj Puri, country head of real estate consultant Jones Lang LaSalle Meghraj, The RBI circular will bring transparency and accountability on the part of developers. It would also give a chance to buyers to see the viability of projects especially when the loan amount is very high. (India Times)

    Big firms on hunt for big spaces  Sep 16, 2009
    Daoud Awadof Jones Lang LaSalle is leading th 0000041D e assignment ... Peter Hennessyat Jones Lang LaSalle for a slightly smaller space ... Daoud Awad of Jones Lang LaSalle is leading the assignment. (New York Post -- Business)

    Wealthy Indians look to buy property on foreign shores  Sep 13, 2009
    According to global real estate consultancy Jones Lang LaSalle Meghraj (JLLM), compared to last year, the drop in NRI interest in India-based properties has been almost 50% in all sectors. India is not the only country that NRIs are now eyeing for realty investment. (India Times)

    Deal Drought for U.S. Commercial Property to Make 2009 Worst in 18 Years  Sep 12, 2009
    Investor interest in making deals may slowly return by the middle of next year, real estate services firm Jones Lang LaSalle Inc. said in a report last week. Banks emboldened by strong second-quarter earnings are willing to dip a toe in the water and pursue new transactions with gold-plated sponsors collateralized by top-quality real estate, said , managing director for real estate investment banking at Jones Lang, in a statement. (Bloomberg -- US)

    In brief: Sam's Wines store closure | 321 N. Clark | Spec building  Sep 9, 2009
    The company is subleasing the space, former Staubach Co. local offices, from Jones Lang LaSalle Inc., which acquired Staubach last year. The lease expires in August 2015. (Crain's Chicago Business)

    United to get bigger city grant for Willis Tower move  Sep 9, 2009
    Chicago-based Jones Lang LaSalle Inc. advised United. What do you think. (Crain's Chicago Business)

    Real estate revival story being scripted by investors: Analysts  Sep 8, 2009
    These are investors who are taking an opportunistic view of the situation where prices have corrected considerably in many locations , says Sanjay Dutt, CEO business at Jones Lang LaSalle Meghraj (JLLM). He estimates that a good 40% of the stock sold in the last few months would have gone to investors. (India Times)

    A&B buys Waipi'o shopping center  Sep 6, 2009
    Although no purchase price was available yesterday, it is thought the center sold for around the $30 million paid by an affiliate of Jones Lang LaSalle in August 2005. The purchase is the latest in a string of transactions for Aoperty division, which unlike some other real estate investors has been active in buying and selling commercial properties this year. (Honolulu Advertiser)

    In brief: New law firm | Ventas wins suit | Glen Town Center  Sep 5, 2009
    OConnor was represented in the lease at 120 N. LaSalle by Meredith OConnor, who is Daniel OConnors wife, Bill Rogers and Matt Carolan of Jones Lang LaSalle Inc. The buildings owner, Lincoln Property Co., was represented internally by Genny Emerson ... John Clark of Jones Lang LaSalle Inc. represented the owner of 1000 E. Woodfield. (Crain's Chicago Business)

    Young departs Commercial Texas for JLL  Sep 5, 2009
    Russell is one of the city s top tenant representatives and we are delighted to welcome him to Jones Lang LaSalle, said Elysia Ragusa, managing director for Jones Lang LaSalle in Austin ... Young, who left Commercial Texas earlier this summer and started at Jones Lange LaSalle on Aug. 31, said he ultimately felt like Jones Lang LaSalle was the best fit ... The next step and next best fit was Jones Lang LaSalle. (Austin Business Journal, TX)

    In brief: Old Main Post Office | New Zell funds | One Financial Place  Sep 4, 2009
    Allstons lease, which was set to expire in 2011, was extended to 2020, according to Jones Lang LaSalle Inc., which represented the tenant and landlord in the transaction. The 40-story One Financial Place is about 95% leased and is owned by Behringer Harvard, a real estate investment firm based outside Dallas. (Crain's Chicago Business)

    The greening of a giant  Sep 2, 2009
    Speaking at the Green Building Conference in Melbourne yesterday, project director Ray Quartararo of Jones Lang LaSalle said the window refurbishment showed how a calculated approach was crucial to making green retrofits commercially viable. Originally we were going to update the old chiller plant. (Sydney Morning Herald -- Business)

    Are Indian REITs losing business to overseas markets?  Sep 1, 2009
    REMFs are the Indian version of the international REITs, adapted to the Indian mutual funds platform, explains Shobhit Agarwal, joint MD (capital markets), Jones Lang LaSalle Meghraj. "In the current context, while everybody is now working on entry and creating assets, the important question of who will buy these assets to provide an exit to the developers / investors needs to be addressed,'' he points out. 1|| Read business stories in | Text: Other stories in this section Other News Market |... (India Times)

    Developers witness revival of big ticket residential deals  Aug 30, 2009
    Says Anuj Puri, chairman ry head of global real estate consultancy Jones Lang LaSalle Meghraj (JLLM), Our Homebay residential agency has concluded several high-ticket residential transactions over the past three to four months, and we can vouch for a significant sea-change in how the luxury home market is being perceived. High networth individuals (HNIs) have begun to show renewed investment sense of purchasing luxury properties in prime locations of leading metros, realizing that supply in... (India Times)

    Dayton Iams HQ to close in October  Aug 29, 2009
    A Jones Lang LaSalle official told the newspaper it hopes to sell the property in an Oct. 8 online auction. Reader Comments. (Cincinnati Business Courier, OH)

    Town Brookhaven signs up tenants  Aug 29, 2009
    Those types of retailers are very optimistic about the future and really have weathered the storm very well over the last 18 months, said Maloney, who heads the retail division of Jones Lang LaSalle, a real estate services firm. Original plans for Town Brookhaven called for an upscale grocer and a home improvement retailer, but those sectors have been hard hit by the downturn. (Atlanta Journal-Constitution -- Business)

    Positive Energy takes space in Arlington  Aug 27, 2009
    Arlington s sublet inventory has skyrocketed 134 percent over the past year to 959,528 square feet, according to Jones Lang LaSalle s second quarter 2009 market statistics ... Matt Coursen of Jones Lang LaSalle represented Positive Energy and Junius Tillery and Steve Ross of Equis represented Sapient. (Washington Business Journal, DC)

    Report: Discount retailers poised to grow  Aug 26, 2009
    Jones Lang LaSalle, which has a significant presence in Dallas, added that Texas is positioned to emerge early from the recession because it has remained somewhat insulated from the serious effects of the recession. Jones Lang LaSalle credits this protective insulation to the state's strong energy sector and the fact it is not limping along after the bust of a massive housing bubble ... In predicting future retail trends, Jones Lang LaSalle says "B" and "C"-level retail centers are posed to see... (Dallas Business Journal, TX)

    Jones Lang LaSalle names new executives  Aug 26, 2009
    This group of exceptional professionals has consistently exceeded client expectations, and their leadership, drive and success qualify them to help direct the growth of our business, said Paul Whitman, president for Jones Lang LaSalle Dallas-Fort Worth. They are well-deserving of this promotion and we are thrilled that they are a part of the Jones Lang LaSalle team. (Dallas Business Journal, TX)

    Commercial real estate rentals seem to be bottoming out  Aug 26, 2009
    With rent of about USD 800 per sq metre per annum, Mumbai is ahead of the likes of Tokyo (USD 750 per sq metre p.a.) and Singapore (USD 625 per sq metre p.a.) as per the latest report of real estate consultancy firm Jones Lang LaSalle. This is despite a 40% drop in rentals from its peak values. (India Times)

    McD's renews deal with Jones Lang  Aug 25, 2009
    Jones Lang LaSalle Incorporated (Jones Lang LaSalle) provides integrated real estate and investment; Sheila PenroseChairman of the Board Colin DyerPresident, Chief Executive Officer, Director From The Lists Your resource for everything related to business in Chicago. 45. (Crain's Chicago Business)

    Cincinnati Better Business Bureau announces Torch finalists  Aug 25, 2009
    The finalists in the business category include: Abstract Displays, Blue Ash; Advanced Technology Consulting (ATC), Mason; Apollo Heating & Cooling, Bond Hill; Best Upon Request Inc., Sycamore Township; Clark-Theders Insurance Agency, West Chester; Cutter Construction, Highland Heights; Furniture Fair, Fairfield; General Revenue Corp., Symmes Township; Jones Lang LaSalle, downtown; Next Step Networking, Blue Ash; SkillSource, Blue Ash; and Tender Hearts at Home Senior Care, Symmes Township. The... (Cincinnati Business Courier, OH)

    Deals signed at Vermont Avenue buildings  Aug 22, 2009
    John Doub and Mike Rabil of represented Lockheed Martin, Joe Coleman and Randy Harrell of CB Richard Ellis represented Woodley & McGillivary and Ken Patton of Jones Lang LaSalle represented AAVMC.. Reader Comments. (Washington Business Journal, DC)

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