One of America’s biggest companies is saving big bucks thanks to new smart-building technology implemented at its facilities by Jones Lang LaSalle.
According to this article in the Cincinnati Business Courier, Procter & Gamble (No. 28 on this year’s Forture 500 list) was able to slash energy costs by 10 percent as part of… Read More
With more than 37,000 rooms downtown alone, Chicago is the country’s fourth-largest hotel market after New York, Las Vegas and Orlando.
And even as the city’s tourism industry continues to recover after the Great Recession, developers are betting that the there’s room for further growth. More than a dozen new hotels have recently opened or are… Read More
Our Jones Lang LaSalle team had a great time entertaining clients and other guests at last weekend’s BMW Championship at beautiful Conway Farms Country Club in Lake Forest.
While we were there, Crain’s Chicago Business reporter Danny Ecker talked to our own Ben Erskine about the benefits of relationship-building and networking at world-class events like the BMW… Read More
The venerable TV newsmagazine 60 Minutes takes a look at how robotics is revolutionizing the American workplace, particularly in manufacturing and distribution.
Click here to watch reporter Steve Kroft’s report (13 minutes), which includes an inside look at how new robotic technology from Kiva Systems has transformed one warehousing operation …
Jones Lang LaSalle tenant representative Steve Steinmeyer (at left) has joined Katten Muchin Rosenman attorney Kellye Bowers for a panel discussion on negotiating letters of intent. The two are speaking at today’s Law Seminars International conference at the University of Chicago’s Gleacher Center.
Below is a live, minute-by-minute rundown of their discussion:
8:40 a.m.… Read More
- The U.S. unemployment rate is 7.3 percent and employment has grown by 1.6 percent over the past 12 months.
- Metro Chicago unemployment is 9.7 percent and the 12-month job growth is 1.8 percent.
- Of the 69,800 new jobs that have been created in Chicago in the past 12 months, 57.6 percent are in the office sectors.
As a proud corporate sponsor of Catapult, the collaborative work space for high-tech startups based in Chicago’s River North neighborhood, Jones Lang LaSalle recently hosted a special event for Catapult residents and other high-tech firms at the new headquarters of the server hosting and cloud computing firm SingleHop.
The event focused on telling the story of SingleHop’s growth and how the company’s real… Read More
Rising tensions on the Korean Peninsula have pushed South Korean investors to look overseas — and particularly, to the U.S. — for new real estate investment opportunities, according to a recent Wall Street Journal story (subscription required).
According to Jones Lang LaSalle Research, South Koreans have invested $5.4 billion in real estate outside their home market in the first half of 2013, already more… Read More
For the first time since the recession, industrial spec development is back in a big way in Chicagoland, according to a study by the JLL Research team that was the subject of a cover story in this week’s edition of Crain’s Chicago Business.
More than 8 million square feet of warehouse/distribution space is now under… Read More
- An analysis of the sublease spaces removed from the market over the past 12 months shows that a majority (56.8 percent) of them were on the market for six to 18 months and the average amount of time that all of the subleases spent on the market was exactly one … Read More
The new owners of Chicago’s historic Wrigley Building scored a major win earlier this week after the Chicagoland Chamber of Commerce announced that they will relocate their offices to the building at the end of this year.
JLL’s Meredith O’Connor and David Miller represented the Chamber in the site selection process and in their negotiations… Read More
For decades, companies big and small have considered their real estate options solely in terms of dollars and cents … an opportunity to reduce costs or trim “overhead expenses.”
Lately, though, savvy organizations are beginning to realize that a thoughtful and sophisticated real estate and workplace strategy can actually influence productivity and grow the bottom… Read More
One of the biggest stories in commercial real estate today is the stark contrast between leasing markets and investment markets — both here in the U.S. and around the globe. While investment volumes and prices are up, leasing volumes are down and rents remain static.
In his latest post as part of LinkedIn’s “Influencer” series, JLL… Read More
The recent news that Jones Lang LaSalle’s Capital Markets Group has been hired to sell a soon-to-open Mariano’s Fresh Market in the South Loop (rendering at left) is being cited as the latest evidence that property owners are working to capitalize on investor demand for net-leased properties.
According to Jones Lang LaSalle Research, single-tenant net-lease transactions are… Read More