News: Brokerage

Jones Lang LaSalle donates 100 million yen to Japanese Red Cross

Global commercial real estate firm Jones Lang LaSalle has donated 100 million yen (approximately $1.25 million) to the Japanese Red Cross to provide aid and relief directly to those most in need following the Japan earthquake and Pacific Tsunami that have left a path of destruction in their wake. "Our donation is meant as an earnest statement of concern for and support of the people of Japan including our 600 employees and thousands of clients in the country," said Colin Dyer, CEO, Jones Lang LaSalle. "We're providing this donation to the Red Cross as the most effective means of delivering immediate aid to those people and areas in greatest need. We encourage other organizations to join us and pledge their support to the Japanese relief efforts." Jones Lang LaSalle operates offices in Tokyo, Osaka, Sapporo and Fukuoka. "Following a series of natural disasters and now nuclear disasters, there are mounting risks facing our country and there remains a substantial and ongoing need for humanitarian assistance for the families affected," said Yoichiro Hamaoka, Jones Lang LaSalle's Managing Director for Japan. Yasuo Nakashima, CEO of LaSalle Investment Management in Japan said, "Our social responsibility to the community is an important cultural value for our global company and this is one way we can contribute to the recovery and help our community." The Red Cross is a charitable organization — not a government agency — and depends on volunteers and the generosity of the public to perform its mission. For donation information, please contact your local Red Cross.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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,