Monthly Archives: March 2015

Buy vs. Leasing in CRE: What’s the best decision for your business?

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Corporate real estate directors are constantly challenged to balance the opportunities of a dynamic capital markets environment with the operational and financial goals of their companies.

Many organizations follow a traditional course and have ownership or leasing strategies driven by longstanding financial policies. Some have implemented proactive strategies for selected properties—such as sale-leasebacks of owned assets or acquisitions of short-term leased assets—to take advantage of the current capital markets environment.

Historically these decisions have been driven by chief… Read More

“We” vs. “Me”: Does your workplace interfere with working?

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JLL’s Bernice Boucher writes about the importance of creating “focus friendly” spaces in Work Design Magazine

Boucher, Bernice_sq_rgbIn a recent article written for Work Design Magazine, JLL’s Head of Workplace Strategy in the Americas, Bernice Boucher, posed this question regarding open office design:

“Are office layouts nailing the “open” part of the concept, but sabotaging employees’ ability to focus?”

In further exploring the holy grail of workplace productivity, Bernice… Read More

Midtown deal flow accelerates in February

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Manhattan Office Outlook | March 2015

MMU_Mar2015JLL’s New York Research team has just released its March 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
After a lull in large block leasing activity in Midtown in January, deal flow accelerated in February with three transactions… Read More

Advice for Law Firms

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Video 5: Advice for Law Firms
In the final video of our law firm series, Kenneth Siegel advises law firms to keep an open mind and put historical notions to the side when making occupancy decisions. He also encourages such companies to focus on the future needs and commuting patterns of their populations when planning over the long term.

U.S. law firms typically face more supply constrains than companies in nearly any other industry. Why? Law firms typically… Read More

More than 2 million square feet of new or repositioned retail slated for Lower Manhattan

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New York Chart of the Week

PowerPoint Presentation

 

Brookfield Place:
40 retailers totaling 200,000 s.f. will open by spring 2015, including Saks Fifth Avenue, Hermès, J.Crew, Theory, Le District French marketplace, and Hudson Eats – a collection of 14 fast-casual eateries

World Trade Center:
150 retailers totaling 350,000 s.f. will open in summer 2015, including Mario Batali’s Eataly,… Read More

JLL Named to FORTUNE Magazine’s 2015 Most Admired Companies List

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JLL ranks highest in real estate industry for global competitiveness and people management

JLL has been named to FORTUNE magazine’s 2015 Most Admired Companies list. FORTUNE and global management consulting firm Hay Group survey top executives, directors and financial analysts each year to compile the list of companies that enjoy the strongest reputations within and across industries.

“Being named a FORTUNE Most Admired Company honors the talent and commitment of our colleagues around the world,” said

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Law Firms: The Impact of Technology

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Video 4: The Impact of Technology
Kenneth Siegel explores the way technological advancements and tools have supported the downsizing trend, reducing the space and investment required for libraries and closings, and helping associates to be more independent with regards to drafting.

U.S. law firms typically face more supply constrains than companies in nearly any other industry. Why? Law firms typically want offices in premium, Class A space in central locations—the tightest segment of U.S. office markets.

With fewer… Read More