News

CHICAGO AND NEW YORK (January 31, 2019) — LaSalle Investment Management (“LaSalle”) and William Macklowe Company (“WMC”) announced that they have completed a long-term lease agreement with Memorial Sloan Kettering for 100% of the approximately 75,000 square feet of space at 333 E. 61st Street, a new six-story medical office building located in Manhattan’s Upper East Side.

LONDON (January 29, 2019) — The developers of Milburngate, the mixed-use development, have secured a £120 million forward-funding commitment from LaSalle Investment Management, which will enable the delivery of the first phase of the Durham City Centre project.

PARIS (January 17, 2019) — LaSalle announces the commencement of the development of a logistics project in Tigery, France, subsequent to the acquisition of the plot by LaSalle’s Encore+ Fund. The development is scheduled for completion in Q4 2019.

CHICAGO, LONDON, SINGAPORE (January 14, 2019) — LaSalle Investment Management (“LaSalle” or “the company”) today announced it has completed the majority acquisition of the $1.2 billion debt fund business of Latitude Management Real Estate Investors (“Latitude”).

MUNICH (January 11, 2019) — LaSalle has acquired ElseBella, a portfolio of two office properties in the Westend and Arabellapark districts of Munich, on behalf of the LaSalle Encore+ Pan European Fund from AXA Investment Managers for €169m.

LONDON (January 09, 2019) — LaSalle announces that it contracted 77 commercial real estate transactions valued at £3.33 billion across the UK in 2018 and forecasts that UK real estate will remain an attractive asset class to institutional investors in 2019, despite macroeconomic uncertainty associated with the Brexit process.

CHICAGO (January 06, 2019) — LaSalle Investment Management (“LaSalle”) announced today that it has acquired San Melia (“the property”), a 488-unit luxury multifamily community in Phoenix, on behalf of its U.S. core open-end real estate fund, LaSalle Property Fund (“LPF”). The Mark-Taylor-built property, situated on 28 acres in Phoenix’s desirable Ahwatukee Foothills neighborhood, presented an opportunity for LaSalle to acquire a well-located multifamily asset in a fast-growing submarket marked by low supply.

CHICAGO (December 17, 2018) — Strong performance is expected for both the U.S. and Canadian real estate markets in 2019 and into 2020, as fundamentals are anticipated to exhibit stability amidst a chaotic political climate and economic cycle. This stability does not extend to every facet of either market, but core values should demonstrate resilience, despite the potential challenges of inflation and late-cycle anxiety that have permeated the North American economy. In order to mitigate these potential risks, the construction of real estate portfolios that employ defensive (low beta) positioning while still dedicating a portion of investment to higher (alpha-seeking) return strategies is recommended in LaSalle Investment Management’s Investment Strategy Annual (ISA) 2019.

CHICAGO AND BALTIMORE (December 11, 2018) — LaSalle Investment Management is pleased to announce it has been named a Best Place to Work in Money Management for 2018 by Pensions & Investments (P&I).

LONDON (November 22, 2018) — LaSalle has acquired Luna Arena, the Grade-A office building in Amsterdam, for its Encore+ fund from the Dutch real estate fund manager PingProperties for €55.6m. Luna Arena is the fourth acquisition in the Netherlands for the Fund.