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BUSINESS
August 30, 2013 | By Roger Vincent
Commercial real estate services firm Jones Lang LaSalle has taken over management of some of the most prominent office buildings in Southern California with the acquisition of competitor Means Knaus Partners. Among the properties now managed by Jones Lang LaSalle are downtown Los Angeles skyscrapers Aon Center and One California Plaza, two of the tallest buildings in the region at 62 stories and 42 stories, respectively. By acquiring Houston-based Means Knaus Partners for an unspecified price, Jones Lang LaSalle added 16 million square feet in 80 buildings to the portfolio of property it manages for landlords.
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BUSINESS
January 15, 2014 | By Roger Vincent
Two Santa Ana office towers near the 55 Freeway have sold for $82.5 million to a New York private equity investment firm. Blackstone Group bought 1 and 2 MacArthur Place from GLL Real Estate Partners, real estate brokerage Jones Lang LaSalle said. The nine-story buildings have a combined total of nearly 410,000 square feet. QUIZ: Do you remember the biggest business news stories of 2013? The properties are located on the same site as retail and residential properties and are also near John Wayne Airport.
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BUSINESS
June 17, 2008 | From the Associated Press
Real estate services firm Jones Lang LaSalle Inc. said Monday that it would buy Staubach Co., a realty firm founded in 1977 by former Dallas Cowboys quarterback Roger Staubach. Jones Lang will pay $613 million over five years for Staubach, including $123 million in cash and $100 million in stock at closing and the balance in cash over five years. It will pay as much as $114 million more depending on whether Staubach reaches performance goals. Jones Lang said the deal would strengthen its tenant-representation business and add to earnings per share beginning next year.
BUSINESS
August 30, 2013 | By Roger Vincent
Commercial real estate services firm Jones Lang LaSalle has taken over management of some of the most prominent office buildings in Southern California with the acquisition of competitor Means Knaus Partners. Among the properties now managed by Jones Lang LaSalle are downtown Los Angeles skyscrapers Aon Center and One California Plaza, two of the tallest buildings in the region at 62 stories and 42 stories, respectively. By acquiring Houston-based Means Knaus Partners for an unspecified price, Jones Lang LaSalle added 16 million square feet in 80 buildings to the portfolio of property it manages for landlords.
BUSINESS
July 1, 2011 | By Ronald D. White, Los Angeles Times
As warehouses go, there are few like Skechers USA Inc.'s new 1.82-million-square-foot distribution center. This warehouse is so big that it takes half a minute to drive from one end to the other at 60 miles per hour. The setup is so advanced that human hands will hardly touch the cargo as it is unpacked, categorized, stacked and prepared for delivery. The building is so green that it uses prevailing winds for ventilation instead of air conditioning. For its new North American operations warehouse, the nation's No. 2 footwear company chose the Inland Empire's Moreno Valley.
BUSINESS
January 15, 2014 | By Roger Vincent
Two Santa Ana office towers near the 55 Freeway have sold for $82.5 million to a New York private equity investment firm. Blackstone Group bought 1 and 2 MacArthur Place from GLL Real Estate Partners, real estate brokerage Jones Lang LaSalle said. The nine-story buildings have a combined total of nearly 410,000 square feet. QUIZ: Do you remember the biggest business news stories of 2013? The properties are located on the same site as retail and residential properties and are also near John Wayne Airport.
BUSINESS
January 8, 2012 | By Roger Vincent
Beauty 21 Cosmetics Inc. will move its headquarters to Ontario with the $15-million purchase of a warehouse and office facility. The company, founded in 1985 in Rancho Cucamonga, makes the L.A. Girl line of cosmetics that are sold in retail stores and online. Products include liquid makeup, blush, eye shadow, nail polish and body glitter. Beauty 21 Cosmetics bought the 231,000-square-foot distribution center at 2021 S. Archibald Ave. from a partnership between CT Realty Investors and Behringer Harvard, brokerage Jones Lang LaSalle said.
BUSINESS
April 22, 2012 | By Roger Vincent
Information technology firm Hewlett-PackardCo.renewed its lease of an entire building in El Segundo, real estate brokers said. The 47,576-square-foot building at 621 Hawaii St. is the regional office of Palo Alto computer maker Hewlett-Packard, according to brokerage Jones Lang LaSalle. The landlord is Asset Management Consultants Inc. of Mission Hills. Terms of the deal were not disclosed, but experts familiar with the South Bay real estate market valued it at about $6 million.
BUSINESS
December 15, 2010 | By Roger Vincent, Los Angeles Times
The walls are closing in on white-collar workers ? their office environments are shrinking, propelled by new technology, a changing corporate culture and the age-old imperative to save a buck. Although personal workstations won't disappear, the sprawling warrens of cubicles and private offices that have defined the workplace for the last few decades are heading the way of Rolodexes and typewriters. The shift is of tectonic proportions, experts on the workplace say. In the 1970s, American corporations typically thought they needed 500 to 700 square feet per employee to build an effective office.
BUSINESS
November 17, 2004
* Nautilus Group Inc. said 782,000 Bowflex home gyms had faulty parts. The Vancouver, Wash.-based company said it would provide free repair kits for some Bowflex Power Pro and Ultimate models. * A federal district court in New York approved a settlement of $79 million for workers and retirees of the Global Crossing Ltd. retirement plan, the Labor Department said.
BUSINESS
April 22, 2012 | By Roger Vincent
Information technology firm Hewlett-PackardCo.renewed its lease of an entire building in El Segundo, real estate brokers said. The 47,576-square-foot building at 621 Hawaii St. is the regional office of Palo Alto computer maker Hewlett-Packard, according to brokerage Jones Lang LaSalle. The landlord is Asset Management Consultants Inc. of Mission Hills. Terms of the deal were not disclosed, but experts familiar with the South Bay real estate market valued it at about $6 million.
BUSINESS
January 9, 2012 | By Roger Vincent, Los Angeles Times
U.S. commercial real estate values are drifting sideways after a two-year rally, analysts said. Prices for offices, warehouses, shopping centers and apartment buildings in major cities rebounded to within 10% of their historic highs before leveling out six months ago, according to Green Street Advisors Inc. of Newport Beach. "I think people are used to values going up or down," analyst Peter Rothemund said, adding that it's not abnormal for prices to be flat. Rothemund blames the stall on a tug of war between investors' desire to take advantage of low interest rates for buying real estate and their fear that the economy might falter and prevent them from making money on property.
BUSINESS
January 8, 2012 | By Roger Vincent
Beauty 21 Cosmetics Inc. will move its headquarters to Ontario with the $15-million purchase of a warehouse and office facility. The company, founded in 1985 in Rancho Cucamonga, makes the L.A. Girl line of cosmetics that are sold in retail stores and online. Products include liquid makeup, blush, eye shadow, nail polish and body glitter. Beauty 21 Cosmetics bought the 231,000-square-foot distribution center at 2021 S. Archibald Ave. from a partnership between CT Realty Investors and Behringer Harvard, brokerage Jones Lang LaSalle said.
BUSINESS
July 1, 2011 | By Ronald D. White, Los Angeles Times
As warehouses go, there are few like Skechers USA Inc.'s new 1.82-million-square-foot distribution center. This warehouse is so big that it takes half a minute to drive from one end to the other at 60 miles per hour. The setup is so advanced that human hands will hardly touch the cargo as it is unpacked, categorized, stacked and prepared for delivery. The building is so green that it uses prevailing winds for ventilation instead of air conditioning. For its new North American operations warehouse, the nation's No. 2 footwear company chose the Inland Empire's Moreno Valley.
BUSINESS
December 15, 2010 | By Roger Vincent, Los Angeles Times
The walls are closing in on white-collar workers ? their office environments are shrinking, propelled by new technology, a changing corporate culture and the age-old imperative to save a buck. Although personal workstations won't disappear, the sprawling warrens of cubicles and private offices that have defined the workplace for the last few decades are heading the way of Rolodexes and typewriters. The shift is of tectonic proportions, experts on the workplace say. In the 1970s, American corporations typically thought they needed 500 to 700 square feet per employee to build an effective office.
BUSINESS
December 12, 2010 | By Roger Vincent, Los Angeles Times
The gig: Renata Simril is a new managing director at commercial real estate services firm Jones Lang LaSalle. She advises institutional clients such as the city of Los Angeles and USC on what to do with their real estate. Background: She grew up in Carson. Uncertain about what professional path to follow after graduating from high school, she decided to serve her country by joining the Army. She became a military police officer. Breakthrough: In the Army, she was stationed in what was then West Germany and traveled to Italy and France.
BUSINESS
January 9, 2012 | By Roger Vincent, Los Angeles Times
U.S. commercial real estate values are drifting sideways after a two-year rally, analysts said. Prices for offices, warehouses, shopping centers and apartment buildings in major cities rebounded to within 10% of their historic highs before leveling out six months ago, according to Green Street Advisors Inc. of Newport Beach. "I think people are used to values going up or down," analyst Peter Rothemund said, adding that it's not abnormal for prices to be flat. Rothemund blames the stall on a tug of war between investors' desire to take advantage of low interest rates for buying real estate and their fear that the economy might falter and prevent them from making money on property.
BUSINESS
December 12, 2010 | By Roger Vincent, Los Angeles Times
The gig: Renata Simril is a new managing director at commercial real estate services firm Jones Lang LaSalle. She advises institutional clients such as the city of Los Angeles and USC on what to do with their real estate. Background: She grew up in Carson. Uncertain about what professional path to follow after graduating from high school, she decided to serve her country by joining the Army. She became a military police officer. Breakthrough: In the Army, she was stationed in what was then West Germany and traveled to Italy and France.
BUSINESS
July 13, 2010 | By Roger Vincent, Los Angeles Times
General Growth Properties Inc., owner of the Glendale Galleria and other large Southland shopping centers, said Monday that it agreed to immediately hand over its third-party management business to real estate services giant Jones Lang LaSalle Inc. The portfolio of 18 malls from New York to California formerly managed by General Growth includes the Burbank Town Center. About 200 employees who manage the centers and 30 corporate employees now work for Jones Lang LaSalle. Both companies are based in Chicago.
BUSINESS
June 17, 2008 | From the Associated Press
Real estate services firm Jones Lang LaSalle Inc. said Monday that it would buy Staubach Co., a realty firm founded in 1977 by former Dallas Cowboys quarterback Roger Staubach. Jones Lang will pay $613 million over five years for Staubach, including $123 million in cash and $100 million in stock at closing and the balance in cash over five years. It will pay as much as $114 million more depending on whether Staubach reaches performance goals. Jones Lang said the deal would strengthen its tenant-representation business and add to earnings per share beginning next year.
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