Monthly Archives: September 2014

Big Moves in the Big Apple: Amy Zhen Joins JLL to Expand Retail Capabilities

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Zhen joins JLL as a Senior Vice President specializing in urban agency leasing in New York City

JLL is continuing the expansion of its retail platform in New York City with the addition of Amy Zhen. Zhen will serve as a Senior Vice President working on the team lead by Vice Chairman Bob Gibson, who joined JLL earlier this year to lead the firm’s New York retail brokerage practice.

In her new role,… Read More

Residential construction drives NYC spending to near peak levels

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New York Chart of the Week: September 22, 2014

PowerPoint Presentation

    • Driven by a booming residential sector, NYC construction spending is projected to increase to $31.5 billion – the first time since 2008 that it has exceeded $30 billion in nominal spending
    • The continued rise in construction expenditures has contributed to the addition of 4,100 construction jobs to
    Read More

JLL Sponsors 19th Annual JLL Golf Classic for TSA

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More than 300 golfers will raise funds for the Tourette Syndrome Association at the JLL Golf Classic

Blog_JLL Golf ClassicJLL is sponsoring the 19th annual JLL Golf Classic, which will be hosted on Monday, Sept. 29 by the national Tourette Syndrome Association. More than 300 golfers will attend the fundraising event at the Westchester Country Club, 99 Biltmore Avenue in Rye, N.Y.

The firm… Read More

Fosun Property Holdings Partners With JLL in Leasing of One Chase Manhattan Plaza of New York

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JLL to lease landmark office building

Fosun Property Holdings, a subsidiary of Fosun International (00656.HK), is proud to announce a partnership with the leading real estate services company JLL (NYSE: JLL) in the leasing of One Chase Manhattan Plaza, the landmark office building in New York that Fosun purchased in December 2013.

The 60-story, 2.2 million-square-foot class-A office building will have more than 1 million square feet of office space available for new… Read More

Midtown Class A Vacancy Falls Sharply

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Manhattan Office Outlook | September 2014

MOU_Sep14JLL’s New York Research team has just released its September Manhattan Office Outlook – a monthly wrap-up of leasing activity in Manhattan, including Class A vacancy and asking rates, along with a snapshot of conditions in capital markets.

Report highlights are as follows:

Midtown Manhattan
Midtown Class A vacancy fell sharply in August to 10.7 percent from 11.2 percent in… Read More

Downtown now the last value proposition in Manhattan

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New York chart of the week: September 15, 2014

PowerPoint Presentation

  • Relocations have represented 56.3 percent of new Downtown leases from 2010 to present
  • Creative firms represent 33.0 percent of relocations since 2010–an indicator that “non-traditional” tenants have increasingly considered the market
  • Despite new construction activity and conversions, Downtown net effective rents have not kept pace with Midtown or
  • Read More

What Businesses Get Wrong About Creating Smarter Buildings

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Top 10 myths of smart building performance – thoughts from Colin Dyer, JLL President & CEO, LinkedIn Influencer

The below post was originally shared on LinkedIn by Colin Dyer, who encourages property-owners to consider the value of making smart technology investments when looking to improve the performance and value of their buildings.

Dyer, ColinBuildings around the world are demonstrating “smart” behavior today, thanks to automated… Read More

JLL’s Dana Schneider to tackle “accidental” data centers at VERGE Salon NY

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JLL’s energy and sustainability expert will address key building and public-sector stakeholders, innovators and disruptors in New York

Dana Schneider, JLL Senior Vice President

Dana Schneider, JLL Senior Vice President

With the rapid growth of cloud services, more and more companies who don’t occupy standalone data centers are locating their servers in office closets. NRDC estimates that these “accidental data centers”… Read More

Manhattan wages post sharpest decline

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New York chart of the week: September 8, 2014

PowerPoint Presentation

  • Average weekly wages have fallen 3.3 percent year-over-year in Manhattan—the sharpest decline among the top 10 largest U.S. counties.
  • Private sector wages are down 4.1 percent year-over-year, largely due to recent shifts in the county’s workforce composition.
  • The contraction in New York’s long-dominant financial services sector has weighed
  • Read More

JLL’s Jack Tenanty to Moderate Special Forum: Best Practices for Building World-Class Academic Facilities

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Leading professionals share their vision for new educational facilities

Tenanty_Jack_blog

Jack Tenanty, JLL Managing Director

On Thursday September 11, New York’s leading educational decision makers from institutions including CUNY, NYU, Columbia University, The New School and NYC SCA, will convene at Schools, Colleges and Universities: A Construction Report Card, to report on their future capital plans and strategies for meeting changing student demographics,… Read More