Category Archives: News

One Vanderbilt unveils additional building details

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Across the street from JLL’s Midtown Manhattan office, one of New York City’s soon-to-be-tallest buildings is slowly emerging from the ground. One Vanderbilt, the 1,401-foot tower developed by SL Green, has now reached street level, and its official Instagram has been actively sharing both its progress and plans.

In addition to… Read More

Midtown East rezoning to spur development of new office towers

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The Midtown East rezoning deal struck between the New York City Council (Land Use Committee) and the de Blasio administration not only allows for new construction of approximately 6.5 million square feet of office space within the 78-block area around Grand Central, but is also intended to generate a minimum of $61.49 per square foot, or 20 percent of the… Read More

Enforcement for New NYC Business Recycling Rules Began August 1st

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The NYC Department of Sanitation is leading New Yorkers to contribute zero waste to landfills by 2030. New business recycling rules were published in the City Record on February 5, 2016 and enforcement of these rules began last week on Tuesday, August 1st.

All businesses in New York City are now required to recycle certain materials and to ensure that those recyclable materials are properly handled by their private carters (to their… Read More

JLL’s New York Anthem film premieres at the HBO Bryant Park Film Festival

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Summer in New York City is in full swing and the HBO Bryant Park Film Festival is off to a successful start! The trailer of the JLL NYC anthem brand film officially premiered on Monday, June 19th before the start of the first film, King Kong, and will continue to run every Monday through August 21st before each feature presentation.

Our brand film strives to drill down to the heart of what… Read More

1 week countdown: JLL anthem film at the HBO Bryant Park Summer Film Festival

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The HBO Bryant Park Summer Film Festival kicks off in less than one week! From June 19 to August 21, the lawn at Bryant Park turns into Manhattan’s own outdoor movie theater as throngs of people invade its green grass each Monday evening at 5pm, as screenings begin at sunset. Ten classic movies will grace the outdoor big screen in 2017, with titles ranging from King Kong to Dirty Dancing.

This year, before… Read More

JLL a Top Attractor according to LinkedIn

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JLL is proud to be included on LinkedIn’s Top Attractor’s list of 40 companies that, according to LinkedIn data and analysis, are the best at attracting and keeping top talent.

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It is the first ranking of its kind based entirely on user activity such as job applications, career website engagement and employee retention. JLL is the only real estate company on the list.

“We are committed to a culture… Read More

Technology Firms Wired Over JLL TechSpec

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JLL’s new unique platform, TechSpec, gives technology companies an advantage when it comes to finding and securing the perfect space for growing their business.

Finding an office space that fits a companys’ needs can be a struggle, but it doesn’t need to be thanks to JLL’s new website TechSpec. TechSpec is a revolutionary site that technology companies can visit for help finding the best office space to grow their business. TechSpec offers… Read More

The 2015 JLL Skyline Report is now Online!

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JLL’s Skyline Report is now available digitally!  The interactive website provides clients and prospects with market intelligence and insights on leading office buildings across the United States and Canada.

Visitors to the Skyline website can:

  • Discover the five themes shaping the Skyline today and in the future
  • Visualize key market metrics in 47 cities across the U.S. and Canada
  • Analyze more than a dozen data points on 1,000+ Trophy and Class A office buildings
  • Obtain a
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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

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Betting on the boroughs

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The Bronx: New York’s hippest office market

The following post was written by Megan Dolan and originally appeared as a Featured News Special on JLL’s Commercial Real Estate News Hub

Just over a month ago in New York, a former industrial warehouse turned loft-like office space with 93 percent occupancy sold for $114 million. See if you can guess where the building is located:

  1. Soho
  2. Tribeca
  3. Brooklyn
  4. The Bronx

If you guessed 4) you got lucky, were involved in the transaction or are keenly aware of New York’s hippest new office market. The sale of the landmarked BankNote building, at 890 Garrison Avenue in the Bronx’s Hunts Point neighborhood, is perhaps the most eye-catching deal in a borough that’s rife with redevelopment.

According to The Real Deal, Bronx saw $1.3 billion in real-estate deals in 2013 and another $895 million invested in real estate and development, an increase of nearly 33 percent since 2010.

Similar to the fashionable locations in Brooklyn and Queens, much of the capital in The Bronx went to convert the industrial properties that dominate the landscape into residential, retail and office space that investors are betting will yield superior returns to traditional investment submarkets in New York City.

Yields in the Bronx and other boroughs are in the five to six percent range — as much as 100 basis points over typical Manhattan returns.

“Manhattan will always be in the conversation about top real estate markets, but investors are a bit frustrated with the growing global demand relative to opportunities in Manhattan,” says JLL Vice Chairman Scott Latham.

“Investors are expanding their reach to Brooklyn, Queens and the Bronx, seeking growth corridors at a more attractive basis.”

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