News: Front Section

Jones Lang LaSalle and Roger Staubach predicting Ravens as Super Bowl XLVII Champs

For the third straight year, the commercial real estate firm Jones Lang LaSalle and its executive chairman of the Americas Roger Staubach are making a bold prognostication for the Super Bowl, picking the Baltimore Ravens to outshine the San Francisco 49ers in this year’s big game. While sports experts and Las Vegas oddsmakers look to point differentials, quarterback ratings and other on-the-field stats, Roger and the JLL team are once again sticking with what they know best — commercial real estate — to determine their pick. According to the firm’s analysis of the last dozen season finale games, teams based in cities with the higher office vacancy rate (i.e. more space available for lease) have won the Lombardi Trophy. While the hypothesis didn’t hold true last year when the New York Giants upset the New England Patriots, it does still have a 58 percent accuracy rate. This year, according to JLL research, the overall vacancy rate in San Francisco stands at 11.8% due to a burgeoning demand from the technology sector compared to 15.5% in Baltimore -- making the Ravens the firm’s statistical favorite to win the crown. While JLL Super Bowl VI MVP Roger Staubach’s mind agrees with JLL’s hypothesis, his heart might not. “I know commercial real estate and football. While I can tell you that our hypothesis is right more than it’s wrong, I really like the chances of the Forty-Niners.”
MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.