JLL
Madison Capital Taps JLL to Lease 71 Fifth
A team fronted by Mitchell Konsker, Daniel Turkewitz and Benjamin Bass will provide leasing and marketing services for an upcoming 15,389-square-foot vacant office space at the 11-story Midtown Manhattan building.
A Cautious Step Forward
Uncertainty surrounding the political climate led to a softening in retail investment toward the end of last year, and so far, 2017 is not much better.
Fort Worth Office Park Changes Hands
JLL brokered the sale of a 45,111-square-foot office park in Fort Worth, Texas, as well as the 2.6 acres on which it is situated, to 3700 Hulen LLC, on behalf of Chemical Management Co. Inc. The property once served as the headquarters for a mineral and lime producing company.
Financial Tech Company Relocates to Phoenix
Upgrade Inc. leased 38,000 square feet of office space in the first building of Renaissance Square in Phoenix. The company plans to hire up to 300 people.
Ermenegildo Zegna Relocates in Midtown Manhattan
The luxury retailer will occupy 20,132 square feet of office space at SL Green’s 10 E. 53rd St., spreading throughout part of the sixth and the entire seventh floors. JLL brokered the deal.
Nothing But Net
As the net lease sector continues to take on its own asset class presence, investors and lenders are increasingly putting their capital into the property type, especially single-tenant, triple-net leased properties. Net lease owners with investment-grade tenants in place are most attractive to investors, but a lack of available inventory is leading some lenders to widen their options.
John Lo Joins CBRE as SVP
John will bring more than 23 years of experience in commercial real estate finance to his new role. Prior to joining CBRE, John worked for three years at JLL.
Newark Lands First Spec Office in 30 Years
Development of Ironside Newark is expected to last about 18 months, with opening targeted for fall 2018. Perkins Eastman is the architect, and Hollister Construction the construction manager.
JLL Grows Miami Retail Team
The firm expanded its retail brokerage team with the addition of two new hires. Zach Winkler and Jonathan Rosen will be in charge of cultivating new tenant and landlord relationships.
Salon Loft to Open New Location in Chicago
Salon Lofts is the new tenant at 1101 W. Randolph St. and will join the other retailer in the building, Free People, in November.