News: Brokerage

JLL expands in NJ, PA and Long Island, NY

Jones Lang LaSalle has hired 12 real estate professionals to further expand its service capabilities in the NJ, PA and Long Island, NY office and industrial markets. "JLL continues to solidify its leadership in the office and industrial sectors in NJ, PA and L.I." said Robert Kossar, executive managing director and market director for Jones Lang LaSalle's NJ and L.I. operations. "Our new real estate professionals have a deep knowledge of their markets and proven leadership skills, and will be invaluable resources for clients with requirements, portfolios or investments in areas that have become some of the largest industrial and office markets in the nation." According to Michael McCurdy, executive managing director and market director of JLL's Philadelphia office, "Clients increasingly approach their operations from a regional viewpoint. The addition of these market veterans to our New Jersey, Pennsylvania and Long Island offices furthers our ability to service this regional market shift, especially for industrial clients who consider these states critical links in their logistics strategy." JLL has tapped long-time colleagues Paul Torosian, managing director, John Plower, vice president, Dean Torosian, senior associate, and Jeffrey Lockard, senior analyst, to serve industrial clients in Pennsylvania; and Nathan Demetsky, executive vice president, and John Gartland, vice president, to assist industrial clients in New Jersey. Paul Torosian will assume the role of industrial lead for the Pennsylvania market with responsibility for the full continuum of brokerage services for industrial clients, including agency leasing, tenant representation and capital markets. He will operate out of JLL's Center City Philadelphia office along with market experts Plower, who will focus on the industrial capital markets, and Dean Torosian and Lockard, who will support the broader brokerage needs of the industrial business. Demetsky and Gartland will serve clients from JLL's Iselin, N.J., office and expand JLL's leading industrial practice across the New Jersey market.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.