TAMI tenants may prefer to hold a lunch meeting in Bryant Park with a Halal falafel and a $3 bottled water, but they demand first-class lobby concierge, wellness, gourmet food and more in the office. And it’s paying off. Large user tenants recently signed leases on New York’s West Side for >$100 per square foot that may include outdoor space, bike storage, fitness centers and pet-friendly facilities to help their organizations foster interaction, increase… Read More
Last week, JLL launched a mid-year update to the 2016 Skyline Report, which provides online access to current market intelligence for the most iconic offices across our skyline. JLL’s Skyline provides insights on office supply, demand, rents and leverage for the top-tier office market within CBDs and urban cores. Five key trends shape this update, and below see how they impact our City.
- Gone today, here tomorrow
Many markets are expected to enter a period of… Read More
Put your global knowledge to the test with the JLL Cities Quiz!
There are 10 cities to guess and each city has three clues. The fewer clues you use, the higher your mark!
Take the quiz and share your score with friends! Join the conversation at @JLLCities #JLLCitiesQuiz
Find out more about JLL’s Cities Programme at the award-winning Cities Research Center… Read More
See what’s possible…
Check out the video below to see what is trending and how JLL’s project and development services team has collaborated with clients to create inspirational spaces.
With over 60+ projects included, from hotel renovations to a museum exhibit installation, our project management team closely works with each client to make each program a success.
See what’s possible: http://www.us.jll.com/pdsbook
Engineering firm signs 15-year lease to occupy entire 22nd floor, portion of 23rd floor at Class A, 2.3 MSF commercial office building
JLL recently completed a new, direct lease for AKF Group LLC at One Liberty Plaza in Lower Manhattan. The engineering firm signed a 15-year lease for 57,018 square feet at the Class A, 2.3 million-square-foot commercial office building owned by Brookfield.
The tenant was represented by Paul Mas and Michael Shenot, managing directors; Ruby Hwang, senior vice president; and Roxanne Tehranian, associate, all with JLL.
Brookfield was represented in-house by Jeremiah Larkin, senior vice president and director of leasing, and Duncan McCuaig, vice presidents of leasing, along with Newmark Grubb Knight Frank team of David Falk, principal and president of the New York tri-state region; Peter Shimkin, executive managing director; Hal Stein, managing principal; and Nick Berger, managing director.
“AKF Group is relocating its entire New York operations from the Times Square district to Lower Manhattan,” said Shenot.
“Lower Manhattan continues to attract a diverse range of tenants from outside of the traditional financial services sector. We’ve seen similar commitments this year from media firms, technology groups and across all business service sectors.”
AKF Group inked the 15-year lease and will occupy the entire 44,378-square-foot 22nd floor and a portion of the 23rd floor at One Liberty Plaza, located directly across from the World Trade Center between Liberty and Cortlandt streets in Lower Manhattan. The engineering firm is consolidating its presence Downtown from locations at 1501 Broadway and 330 West 42nd Street in Midtown.… Read More
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 tenants starting from… Read More
And every project inspires a solution.
JLL’s new interactive book, Every building tells a story, showcases the work of our Project and Development Services team, featuring highlights of JLL collaborations around the world.
We invite you to explore the book, which includes 56 of our top projects across seven industries, to see what’s trending design-wise and to gain insight into how the “perfect space” is created for clients.
Discover… Read More
The Empire State Building (ESB) has surpassed the energy savings guaranteed through its innovative energy-efficiency program – developed by a team including JLL – for the third consecutive year.
This year, the iconic property beat its energy-efficiency guarantee by 15.9 percent, saving $2.8 million.
Over the past three years, the program has generated a total of approximately $7.5 million in energy savings. These savings are the result of continued enhancement of the iconic building’s new systems and the addition of many new tenants occupying hundreds of thousands of square feet of office space retrofitted according to program guidelines.
In 2009, Empire State Realty Trust and the Clinton Climate Initiative Cities program, an aligned partner of the C40 Cities Climate Leadership Group, assembled a coalition of leading organizations focused on energy efficiency and sustainability. The team, comprised of the ESB, JLL, Johnson Controls (JCI), and Rocky Mountain Institute (RMI), developed the now-implemented ESB energy-efficiency program, designed to reduce costs, increase real estate value and protect the environment. The comprehensive retrofit was launched by the ESB, President Bill Clinton and Mayor Michael Bloomberg in the same year.
In 2011, the ESB beat its year-one energy-efficiency guarantee by 5 percent, saving $2.4 million. In year two, the iconic property surpassed its guarantee by nearly 4 percent, saving $2.3 million.
“The Empire State Building retrofit project has dramatically exceeded projected energy savings for the third straight year, reducing costs by millions of dollars,” said Anthony E. Malkin, Empire State Realty Trust Chairman, President and CEO.
“As we continue our energy efficient installations for incoming tenants, we are confident we will meet and exceed our completed project goal of saving $4.4 million dollars each year. As for now, we are ahead of our projections and that means more savings and more returns on our investments to date.”
President Bill Clinton also commented on the success of the program.
“Five years into the retrofit of the Empire State Building, we have seen carbon emission reductions and cost savings that show this is a model for the rest of the country,” said President Clinton.
“Not only do investments like this help protect the environment and put people back to work, they pay for the cost of the improvements and generate additional savings into the future.”
The retrofit project focused on eight innovative improvement measures addressing core building infrastructure, common spaces and tenant suites. Improvement measures performed by JCI and JLL included the refurbishment of all 6,514 windows, installation of insulation behind all radiators, a chiller plant retrofit, new building management systems controls, new revenue-grade meters serving the entire building, and a web-based tenant energy management system.
The core base building retrofit is complete, with the balance of the project to be finished as new tenants build out high-performance workspaces. Once all tenant spaces are upgraded, the building is expected to save at least $4.4 million a year, at least a 38 percent reduction of energy use.
JLL client, AMC, has renovated its theatres – increasing ticket sales with fewer seats
Been to the movies lately? If so, you may have seen one of the new AMC theaters … which aren’t technically new, but have been dramatically renovated to create better movie-going experiences.
Watch the video below to see how enhancements like better concessions and incredibly comfortable seats have helped AMC increase ticket sales—and why they worked with JLL’s project and development services… Read More