Jones Lang LaSalle hired Frank Petz to lead and broaden its capital markets business for New England. Petz joined the firm as a managing director and New England capital markets leader.
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Jones Lang LaSalle announced the hiring of Tarik Bateh as VP of Capital Markets in the Jacksonville, Florida office. He will work with the firm's managing directors to help with growth in areas including equity and debt placement, structured finance, joint ventures, investment sales, and advisory projects for all asset types throughout the Southeast.
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Jones Lang LaSalle, a financial and professional services firm specializing in real estate, recently added three structured finance experts to its real estate investment banking (REIB) team. William Cavagnaro and Brion Haist joined as EVPs, and Jonathan Morris was hired as a managing director. Cavagmaro and Haist are responsible for advancing the firm's credit tenant lease (CTL) financing program. Morris will provide strategic advisory expertise to the firm's public and private real estate investment trust (REIT) clients.
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According to Jones Lang LaSalle Hotels, hotel deal volume in Manhattan will range from $1.9 billion to $2.4 billion in 2011. Manhattan is the most active hotel transaction market in the country, posting the highest growth rates of any major U.S. market in 2010. The report reveals that Manhattan is expected to remain the top U.S. hotel investment market, attracting attention from domestic and off-shore buyers.
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Mortgage bankers originated $110 billion of commercial and multifamily mortgages during 2010 - an increase of 36 percent from 2009, according to the Mortgage Bankers Association. A separate report from Jones Lang LaSalle corroborates the trade group's assessment of a resurgence in the financing market and indicates even stronger growth in 2011, even without the predicted surge is distressed sales. Wells Fargo is ranked as the largest servicer of commercial and multifamily mortgages.
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Forget win-loss records, quarterback ratings, and total yardage tallies -- the winner of Sunday's Super Bowl XLV showdown can be predicted most accurately by analyzing the prevailing commercial real estate climate in the opposing teams' hometowns, according to Jones Lang LaSalle. Based on historical analysis of recent Super Bowls, the firm found that teams from cities with a higher percentage of vacant office space have won the Lombardi Trophy nearly two-thirds of the time.
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Jones Lang LaSalle has announced the addition of new executives to its team. Greg Hartmann will join the firm as EVP in strategic advisory and asset management in Denver, where he will drive the growth of the company's hotels' advisory capabilities throughout the western United States and hotel valuation practice nationally. The firm also hired Keith Largay as SVP for its real estate investment banking practice in Chicago. He specializes in the placement of debt and equity for institutional and private real estate owners.
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Jones Lang LaSalle, a financial and professional services firm specializing in real estate, has entered into a definitive agreement to acquire assets of the commercial real estate lending and servicing group of Primary Capital Advisors. The acquisition adds multifamily mortgage lending and servicing capabilities to Jones Lang LaSalle's offerings and allows the firm to operate as a Freddie Mac Program Plus seller/servicer.
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Jones Lang LaSalle has hired Chris Casey as a managing director in Orange County. A 25-year veteran of the commercial real estate industry, Casey will facilitate financings throughout the western region of the country as part of the company's real estate investment banking team responsible for placing debt and equity for all property types.
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According to Jones Lang LaSalle, the majority of the commercial real estate (CRE) industry can expect a commercial comeback in 2011. The economic recovery has relied on government stimulus and monetary policy but the results have been tepid at best. JLL says 2011 will be the year the private sector takes the baton and starts to drive growth. The company predicts investment transaction volume will increase by 36 percent, apartments will top the "hot list" for investors, and the hotel sector will rebound more quickly than expected.
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