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Lasalle Investment Management News

Blue Cross Takes Two Towers at RenCen Friday, July 30, 2010 @ 5:02AMDETROIT-The struggling city’s future just got a bit brighter on Thursday, when Blue Cross Blue Shield of Michigan announced it will move 3,000 employees from Southfield, MI to two towers of the General Motors Renaissance Center starting next year.
KBS Closes on One of Chicago's Largest and Newest Office Buildings Thursday, July 29, 2010 @ 5:47PMKBS REIT II's Acquisition of Prestigious 300 North LaSalle Street Ranks Among the Country's Largest Acquisitions of the Year
KBS Closes on One of Chicago's Largest and Newest Office Buildings Thursday, July 29, 2010 @ 5:42PMCHICAGO, IL--(Marketwire - 07/29/10) - Adding to its recent acquisition activity, KBS Real Estate Investment Trust II (KBS REIT II) has closed on the purchase of the 300 North LaSalle office building in Chicago. The purchase of the 1.3 million-square-foot, 60-story central business district tower ranks as one of the country's largest commercial real estate transactions in 2010. The transaction ...
Public-Private $215M State Center Revitalization Gets Go Ahead - By Megan Poinski Thursday, July 29, 2010 @ 6:42AMMegan@MarylandReporter.comThe Board of Public Works on Wednesday unanimously green-lighted work to b...
Leading Building Owners, Tenants Join Forces to Push Green Leasing Wednesday, July 28, 2010 @ 6:40PMCHICAGO, IL — A group of leading building owners, investment advisory firms and corporate tenants have become allies in a campaign to make commercial office space more sustainable by breaking down the barriers to green leasing.
Revenue lift for consultants Wednesday, July 28, 2010 @ 9:00AMTWO leading global property consultants reported a lift in revenue for the three months to June 30.
Wintrust Financial Corporation Reports 2010 Second Quarter Results Wednesday, July 28, 2010 @ 6:00AMLAKE FOREST, Ill. -- Wintrust Financial Corporation announced net income of $13.0 million or $0.25 per diluted common share for the quarter ended June 30, 2010, an increase of $0.19, or 317%, compared to the $6.5 million, or $0.06 per diluted common share, recorded in the second quarter of 2009.
Jones Lang LaSalle Posts Profit In Q2 - Update Tuesday, July 27, 2010 @ 9:26PMCommercial real estate service provider Jones Lang LaSalle Inc. (JLL) on Tuesday reported a profit for the second quarter, helped by higher revenues as well as fewer charges as compared to last year. The company recorded revenue growth in leasing and capital markets across all segments.
Gold falls to three-month low as risk gains in appeal Tuesday, July 27, 2010 @ 5:23PMGold fell to the lowest price in three months as a rally in global equities eroded demand for the precious metal as an alternative investment.
Jones Lang LaSalle Reports Second-Quarter 2010 Net Income of $32 Million Tuesday, July 27, 2010 @ 4:30PMJones Lang LaSalle Incorporated , the leading integrated financial and professional services firm specializing in real estate, today reported net income of $32 million on a U.S. GAAP basis, or $0.72 per share, for the quarter ended June 30, 2010. Â This compares with a net loss of $14 million on a U.S.
Lease Up/Lease Down (July 25-31): Major NYC Deals for CBS, NFL & Healthfirst Tuesday, July 27, 2010 @ 12:57PMCoStar compiles news of company expansions and relocations, as well as consolidations, closures and layoffs. Look for Lease Up and Lease Down every week, to stay updated on major corporate moves affecting commercial real estate. In this week's issue...
For sale: Lord Sugar's hot properties Saturday, July 24, 2010 @ 6:21PMThe Apprentice's Lord Sugar has signalled a return to the boom years with the proposed sale of three of his prized Mayfair properties, at pre-credit crunch prices.
MOVES-Mizuho, CBRE, Credit Suisse, U.S.Trust Friday, July 23, 2010 @ 2:39PM(Adds Citigroup, Simple Alternatives)
Surviving when the money dries up Friday, July 23, 2010 @ 2:05PMA form of financial lockjaw has settled in, as big assets like farms, primary processors, financiers and hotels hunt for new owners.The lack of cash and inability to access capital has caused a type of corporate paralysis, leaving...
Stonehenge Closes on St. Vincent’s Housing Friday, July 23, 2010 @ 2:02PMA Stonehenge Partners unit has closed on the $67.3-million acquisition of 555 Ave. of the Americas, which formerly served as housing for staff members of the now-bankrupt St. Vincent’s Hospital in Greenwich Village.
Plans for Tower Place cloudy Thursday, July 22, 2010 @ 6:51PMArmand Lasky saw in Tower Place Mall the opportunity to own a high-profile parking structure in the heart of downtown. But officials and residents hoped he'd pay as much attention to the declining retail center, which now sits mostly vacant.
New face for Calhoun Square in Minneapolis' Uptown Thursday, July 22, 2010 @ 3:49PMCalhoun Square's makeover has been years in the making at the bustling Minneapolis corner of Lake Street and Hennepin Avenue. Finally, the promised change is starting to show.
Jones Lang LaSalle makes Mark Volkman Sr. VP Thursday, July 22, 2010 @ 12:17PMMark Volkman has been named senior vice president of Jones Lang LaSalle 's brokerage and leasing team downtown.
Blackstone eyes Morgan Stanley Japan loans Thursday, July 22, 2010 @ 7:22AMPrivate equity firm may purchase property loans. 22 Jul 2010 10:18 PM
Blackstone may buy Morgan Stanley Japan loans-sources Thursday, July 22, 2010 @ 3:12AM* The property loans have face value of $1.1 billion -sources
China Investors Defy Rogoff as Property Bonds Rise Thursday, July 22, 2010 @ 3:11AMChina bond investors are betting government measures to cool property prices won’t hurt real estate companies as money managers and economists warn of a crash that may slow the economy leading global growth.
Investors eye real estate market Wednesday, July 21, 2010 @ 7:39PMChina's property market has seen soaring investment from foreign institutional investors, driven by strong expectations of renminbi appreciation this year.
LaSalle Hotel Properties Reports Operating Results (10-Q) Wednesday, July 21, 2010 @ 4:41PMBy 10qk. LaSalle Hotel Properties ( LHO ) filed Quarterly Report for the period ended 2010-06-30. Read more » »
LaSalle Hotel Properties Reports Second Quarter Results Wednesday, July 21, 2010 @ 3:33PMBETHESDA, Md.----LaSalle Hotel Properties today reported net income to common shareholders of $8.0 million, or $0.11 per diluted share for the quarter ended June 30, 2010, compared to net income of $8.2 million, or $0.16 per diluted share for the second quarter of 2009.
Harris Names Dan Barron Regional President Wednesday, July 21, 2010 @ 9:53AMHarris today announced Dan Barron as the newly appointed Regional President of Harris' Wisconsin-North region. Barron will be responsible for 14 branches in Ozaukee, Washington, and Sheboygan counties, and will be based out of Harris' Cedarburg branch.
Private equity giants fill funding gap Wednesday, July 21, 2010 @ 9:00AMSOME of the world's biggest private equity groups, including Partners Group and the US-based Babson group, have set up in Australia.
In The Pipeline: CoStar Development and Construction News For July 18-24 Tuesday, July 20, 2010 @ 5:27PMIn this week's Pipeline, a consensus of construction industry experts delivers a sobering forecast for commercial and other nonresidential building activity for the remainder of 2010; CGA Capital has pulled together $687 million in financing for Center...
35 Condos of The Metropolitan Auctioned Off Tuesday, July 20, 2010 @ 1:48PMDALLAS-In an auction held by REDC on Saturday, 35 high-rise condos at The Metropolitan in Dallas were sold off. The auction was held in downtown Sheraton. According to REDC, the condos sold at an average price of $177,419.
Forest Hills Stadium Up for Sale Tuesday, July 20, 2010 @ 1:47PMNEW YORK CITY-The West Side Tennis Club is planning to sell its stadium in Forest Hills. This historic horseshoe-shaped stadium has the honor of hosting the US Open for over six decades before it was shifted to the National Tennis Center.
Toll Brothers Launches Gibraltar, Targets Distress Tuesday, July 20, 2010 @ 1:47PMHORSHAM, PA-Toll Brothers, a builder of luxury homes, has created a new unit called Gibraltar Capital and Asset Management to take over investment opportunities as well as real estate acquisition.
Motoring along on the edge of town Monday, July 19, 2010 @ 6:07PMONCE considered a revolutionary concept, the concentration of rival motor dealers within a defined area on the periphery of a city or large town seems, in retrospect, to be no
Orthopaedic Synergy Raises $2.7M of $4M Offering - cbl Monday, July 19, 2010 @ 7:51AMBy citybizlist Staff EAST TAUNTON -- Orthopaedic Synergy Inc. has raised $2.73 million from 12 inves...
REAL ESTATE Monday, July 19, 2010 @ 1:50AMListed are the buyer, the property address, the seller and the amount.
JLL Report Cites Solid Q2 CRE Sales Friday, July 16, 2010 @ 2:49PMGlobal commercial real estate sales in fiscal 2010 second quarter doubled from the year-ago period to $66 billion, showing signs of recovery.
Real Estate Weekly: UMMS, Upper chesapeake Health buy Harford Co. land for expansion Friday, July 16, 2010 @ 10:55AMThe University of Maryland Medical System and Upper Chesapeake Health, the largest health care provider and the largest private employer in Harford County, have jointly purchased six parcels of land, totaling just over 70 acres, near the intersection of Md. Route 155 and I-95 in Havre de Grace. The property, contiguous to 27 acres purchased by [...]
General Growth files reorganization plan Friday, July 16, 2010 @ 6:58AMCHICAGO (AP) — Mall owner General Growth Properties Inc. said Tuesday that it filed a proposed reorganization plan with a federal bankruptcy court and expects to emerge from Chapter 11 protection this fall as two separate companies.
Commercial Real Estate: General Growth may divide Rouse assets Friday, July 16, 2010 @ 3:52AMPS Business Parks of Glendale, Calif., has acquired Parklawn Business Park, a 232,000-square-foot office and industrial complex in Rockville for $23.4 million in cash. The park, which is 70.6 percent leased to 59 tenants, has office buildings and an industrial building.
Jones Lang LaSalle and REDC to Auction Online the Former Mervyn's Corporate Headquarters in Hayward Thursday, July 15, 2010 @ 11:00PMBidding for the 336,000 square foot office property begins July 26th and ends July 28th.
Park City owner set to exit bankruptcy Thursday, July 15, 2010 @ 7:15PM(AP) — Mall owner General Growth Properties Inc., whose holds include Park City Center, said this week that it filed a proposed reorganization plan with a federal bankruptcy court and expects to emerge from Chapter 11 protection this fall as two separate companies.The real estate investment tr...
The Nitty Gritty on JPMorgan Earnings Thursday, July 15, 2010 @ 8:30AMRead between the top and bottom lines.
Teachers back mall owner Thursday, July 15, 2010 @ 2:45AMShopping mall owner General Growth Properties Inc., which is trying to emerge from bankruptcy protection, Monday said it is getting a $500 million infusion from a Texas teachers' pension fund.
Fast-tracking of Nama case sought Wednesday, July 14, 2010 @ 12:59PMThe National Assets Management Agency (Nama) and the State will ask the Commercial Court next Monday to fast-track the first legal challenge to the agency by businessman Paddy McKillen and 14 of his companies over the proposed transfer of Nama of €80 million loans of the companies.
LaSalle in the market for local partners Wednesday, July 14, 2010 @ 9:00AMCASHED-up LaSalle Investment Management is negotiating with at least two residential developers to form joint ventures.
Bankrupt General Growth Properties submits reorganization plan Wednesday, July 14, 2010 @ 6:41AMCHICAGO » Mall owner General Growth Properties Inc. said yesterday that it filed a proposed reorganization plan with a federal bankruptcy court and expects to emerge from Chapter 11 protection this fall as two separate companies.
Senate Square Trades for $162M Wednesday, July 14, 2010 @ 5:02AMWASHINGTON, DC-Senate Square, a luxury apartment house in Downtown DC, has traded for $162.3 million, or $375,741 per unit. The seller, Westbrook Partners, was represented by Cassidy Turley’s Bill Collins, Paul Collins, Drew Flood, Jud Ryan and James Cassidy.
Lansing Mall's owner files for Chapter 11 reorganization Wednesday, July 14, 2010 @ 3:08AMCHICAGO - Mall owner General Growth Properties Inc. said Tuesday that it filed a proposed reorganization plan with a federal bankruptcy court and expects to emerge from Chapter 11 protection this fall as two separate companies.
Firm advises bank over acquisition Wednesday, July 14, 2010 @ 12:20AMMANAMA: International law firm Trowers & Hamlins has advised UK Islamic investment bank Gatehouse on its £40.1 million ($60.8m) acquisition of BT's regional headquarters in Leeds.
GGP files reorganization plan Tuesday, July 13, 2010 @ 8:10PMCHICAGO — Mall owner General Growth Properties Inc. said Tuesday that it filed a proposed reorganization plan with a federal bankruptcy court and expects to emerge from Chapter 11 protection this fall as two separate companies. The real estate investment trust filed the nation’s largest real estate bankruptcy case in U.S. history 15 months ago. [...]
Demand for new CityDev, UOL condos Tuesday, July 13, 2010 @ 7:56PM(SINGAPORE) UOL Group and City Developments Ltd (CDL) continued to sell units over the weekend at their new condos released last week.
JLL To Take Over General Growth's Third-Party Mall Management and Leasing Business Tuesday, July 13, 2010 @ 4:42PMJones Lang LaSalle (NYSE: JLL) signed a strategic alliance with General Growth Properties (NYSE:GGP) under which JLL will take over GGP’s third-party management and leasing responsibilities for 18 shopping centers totaling 11 million square feet across...