News: Owners Developers & Managers
Posted: November 3, 2017
JLL hires Newman as group manager overseeing MIT Investment Management Company
Boston, MA JLL has hired Paul Newman as a group manager overseeing the MIT Investment Management Company (MITIMCo) portfolio, which encompasses two million s/f and 100 assets including office, lab, industrial, residential, and retail.
Newman has over 25 years of property management experience. Prior to joining JLL, he served as general manager/city leader for Piedmont Office Realty Trust, where he was responsible for the management of a 1.8 million s/f class A office portfolio. Before that, he was the assistant director at Harvard University, overseeing 95 buildings consisting over of 4 million s/f of office, retail and industrial space.
“Paul is a proven leader in our industry and a valuable addition to both JLL and MITIMCo,” said JLL regional director of property management Jennifer Christakes. “He has experience overseeing similar large scale portfolios and success building top notch teams. We couldn’t be more excited to welcome Paul and we’re confident he will only help us continue to achieve results for our client.”
Paul holds a B.B.A. in finance from the University of Massachusetts at Amherst, Isenberg School of Management. He resides in Brookline.
JLL is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.
MORE FROM Owners Developers & Managers
Elm Grove Companies breaks ground on $20 million - The Rapids On Cocheco
Rochester, NH Real estate development firm, Elm Grove Companies, has started construction of The Rapids On Cocheco, an approved 52-unit workforce housing community at 29 Wadleigh Rd. This will be the company’s ninth venture in the affordable housing arena with other affordable properties in the state totaling 430 apartments
.jpg)
.png)
Columns and Thought Leadership
IREM President’s Message: Fostering community connections during the holiday season
The holidays are again taking center stage, and with them comes an opportunity for multifamily communities to connect with the businesses and organizations in their cities and towns, fostering a sense of unity and generosity during this giving season
Selecting the right façade installation firm - by Steven Powell
As the owner of a major new property being developed, or an existing large building preparing for major renovation, you want your design and construction team to have the right experience, capabilities, and expertise to match the project demands. A critical member of this team will be the façade installation specialty firm, since the quality of this installation will impact
Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn
For decades, New England has had a summer-peaking power system, where the greatest energy use occurs on the hottest and most humid days, due to widespread use of air conditioning. But by the mid-2030s, electrification of the heating sector likely will result in a winter peak that’s higher than the summer peak.
