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Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Grocery-anchored neighborhood center in Northern California trades for $29.175M

SAN FRANCISCO, Aug. 22, 2023 - JLL Capital Markets announced today that it has closed the $29.175 million sale of Power Plaza, a 112,250-square-foot, grocery-anchored, neighborhood retail center located in Vacaville, California. JLL represented the seller, ProEquity Asset Management. After a highly competitive bidding process with several offers, the asset was awarded to DPI R ...

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22.08.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$28M financing secured for the newly completed apartment property in San Diego

SAN DIEGO, Aug. 21, 2023 - JLL Capital Markets announced today that it has arranged the $28 million construction take-out financing for Casa Verde, a 94-unit, modern, urban infill apartment community located in the North Park neighborhood of San Diego, California. JLL represented the borrower, Champion Real Estate Investments, to secure the non-recourse floating-rate bridge lo ...

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21.08.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$125M sale of newly built multi-housing community in Redmond closes

SEATTLE, Aug. 17, 2023 - JLL Capital Markets announced today that it has closed the $125 million sale of Radiate Apartments, a 360-unit, luxury-grade multi-housing community located in Redmond, Washington. JLL represented the seller, Fairfield Residential, and procured the buyer, Jackson Square Properties. Built in 2021, Radiate Apartments features studio, one-bedroom and two- ...

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17.08.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Steve Regovich joins JLL Value and Risk Advisory as VP, Business Development

CHICAGO, Aug. 16, 2023 - JLL's Value and Risk Advisory platform announced today that it has expanded its Data Collection, Environmental and Property Condition (EPC) division with the hiring of Steve Regovich as a Vice President, Business Development. Regovich, based in Cleveland, Ohio, will manage business development for the team, as well as maintain quality and risk manageme ...

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16.08.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

JLL-Arranged Refinancing for Westin Grand Central in New York City is Completed

NEW YORK CITY August 16, 2023 - JLL 's Hotels & Hospitality Group announced today that it has arranged a new floating-rate loan to refinance the 774-key Westin Grand Central in New York City. JLL represented the borrower, a global investment management firm, to secure the loan from funds managed by Apollo. The global investment management firm has owned the hotel since Jan ...

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16.08.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

ViaWest Group acquires large industrial portfolio in Phoenix metro

LOS ANGELES, Aug. 15, 2023 - JLL Capital Markets announced today that it arranged the sale of an infill Phoenix industrial portfolio, which includes six industrial buildings totaling 586,915 square feet in the Phoenix metro. Positioned in prime infill locations within the greater Phoenix MSA, the properties represent a strategic addition to ViaWest Group's expansive portfolio. ...

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15.08.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Construction Financing and JV equity secured on behalf of Newland Capital Group for Mount Pocono Commerce Center

LOS ANGELES, August 15, 2023 - JLL Capital Markets announced today that it arranged senior and mezzanine construction financing and joint venture equity for the development of Mount Pocono Commerce Center, a to-be-built, Class-A distribution center, totaling 1,204,494 square feet in Mt. Pocono, PA. JLL worked on behalf of the sponsor, Newland Capital Group, to secure the senio ...

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15.08.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

JLL arranges $220M conversion financing and advises on equity for downtown Manhattan office tower

NEW YORK, Aug. 14, 2023 - JLL's Capital Markets group announced today that it has secured $220 million in financing and advised on the procurement and structuring of the equity for the conversion of 55 Broad St., a 30-story office tower located in New York City's Financial District. The property will undergo a phased conversion into a best-in-class, 571-unit luxury apartment b ...

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14.08.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

JLL Property Management hires Lewis Taulbee to lead receivership team

CHICAGO, Aug. 14, 2023 - JLL Property Management announced today that Lewis Taulbee joined the firm as Managing Director of Asset Resolutions. Taulbee will lead JLL's receivership team in providing strategic turnaround solutions for distressed assets across the U.S. "As the commercial real estate industry faces distress across various property types, it's essential that J ...

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14.08.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$24.7M sale of three-building industrial portfolio closes in Philadelphia

PHILADELPHIA, Aug. 11, 2023 - JLL Capital Markets announced today that it arranged the $24.7 million sale of the Philadelphia Airport Infill industrial portfolio totalling 122,373 square feet in Philadelphia, Pennsylvania. The transaction closed on Friday August 4, 2023. JLL represented the seller, Alliance HP, a Bryn Mawr, PA based real estate investment firm focused on small ...

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11.08.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Recapitalization secured for dual grocery-anchored retail center within DFW metroplex

DALLAS, Aug. 10, 2023 - JLL Capital Markets announced today that it has arranged the recapitalization of MacArthur Park, a 425,612-square-foot, top-performing retail center located within the DFW metroplex in Irving, Texas. The center is a hybrid, dual grocery-anchored power center with Kroger, Target (Shadow) and other large format retailers, such as Ross, HomeGoods/TJ Maxx a ...

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10.08.2023
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Thomas Park Investments complete acquisition of Reliant Healthcare Southborough in MetroWest Massachusetts

BOSTON, Aug. 10, 2023 - JLL Capital Markets announced today that Thomas Park Investments acquired Reliant Health Southborough, an outpatient medical campus totaling 125,000 square feet in Southborough, Massachusetts. JLL represented the joint venture between Thomas Park Investments and its equity partner in the acquisition and is the fourth acquisition of the venture. Located ...

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10.08.2023