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U.S. real estate companies said on Monday they were trying to assess the damage that last week’s earthquake and tsunami may have inflicted on the hotels, warehouses and outlet centers they own in Japan.
The companies, including four real estate investment trusts (REITs), are expected to incur some property damage from the disaster. With a highly dense population in one of the world’s wealthiest countries, Japan is a favorite among U.S. real estate investors. Get the full story »
If a groundhog is supposed to predict the end of winter, can vacant office space signal who’s going home with a Super Bowl victory Sunday?
Just maybe, says commercial real estate firm Jones Lang LaSalle, whose executive chairman happens to be Roger Staubach, who has two Super Bowl rings of his own. Get the full story »
From Bloomberg News | Jones Lang LaSalle has hired a New York-based office leasing team from rival Cushman & Wakefield Inc., the second addition of a major brokerage from Cushman in less than a year.
Milwaukee Journal-Sentinel | Jones Lang LaSalle is completing a deal to become the property management firm for Milwaukee’s Shops of Grand Avenue. The downtown mall is owned by Bank of America.
Jones Lang LaSalle Inc. a real estate services company, said Monday it expanded its retail arm by acquiring third-party mall and shopping center leasing and management responsibilities from No. 2 U.S. mall owner General Growth Properties Inc.
Terms of the deal, which closed on Friday, were not disclosed. General Growth, which filed for bankruptcy protection in April 2009, will continue to manage and lease the nearly 200 malls it owns. Get the full story »
