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    Real estate sales was perfect training for the experience to go into public life because you learn to accept rejection, learn to meet new people, learn to work with people and find common ground. That's the way you sell houses... that's also the way you win over constituency.

Friday, October 2nd, 2020

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Posted by: | Posted on: October 2, 2020

Jones Lang LaSalle Accused of Widespread Tax Violations by Alleged Whistleblower in Miami

A federal lawsuit from an ex-employee at the Miami and Atlanta offices of commercial real estate giant Jones Lang LaSalle Americas Inc. alleges she was fired for blowing the whistle about apparent widespread tax and securities laws violations.

The lawsuit—filed Wednesday in the Northern District of Illinois—claims to unveil a widespread practice of creating “holdback accounts” that were often used improperly for personal expenses, such as first-class plane tickets, luxury hotel rooms and ski trips.

The defendant, headquartered in Chicago, is one of the world’s largest publicly traded commercial real estate brokerage companies.

Tampa attorneys Gregory Brown and Ryan Leuthauser of Hill Ward Henderson have teamed with Amir Tahmassebi of Konicek & Dillon in Chicago to represent Lareine “Noel” Steinfeld, a former executive at JLL who most recently led a division in its capital markets group.

The lawsuit claims Steinfeld witnessed a pattern of illegal behavior by company executives, some

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Posted by: | Posted on: October 2, 2020

There May Be a Better Use for Old Warehouses Than Housing

For a long time, it has been hip to turn old warehouses and factories into condos and apartments in many parts of the country.

With the housing crunch in many urban areas, like the outer boroughs of New York and northern New Jersey, these residential uses made perfect sense. But Ken Colao, a principal at CNY Group observer, has other ideas for these properties. 

Colao thinks they should be converted into inventory centers, which could go a long way in fixing the e-commerce problems, like the toilet paper shortage, that COVID-19 exposed.

“There is absolutely a need for centrally located fulfillment centers and distribution facilities, and we believe that some vacant warehouses can provide a good opportunity for that type of repositioning,” Colao says.

Even though these spaces wouldn’t be providing sorely needed shelter, they still could deliver societal benefits as warehouse space, according to Colao. Specifically, he sees an

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Posted by: | Posted on: October 2, 2020

This Successfully Flipped Spanish-Style Mansion Has Our Full Attention

It doesn’t matter how perfect your home is—if your listing photos don’t stand out, potential buyers won’t come by to take a look. In our series “Lessons From Listing Photos,” we dissect the smart updates sellers have made to their homes, and how their listing pictures highlight the home’s best assets.

Home buyers everywhere want houses with up-to-date interiors, but there’s probably no place on Earth where trendiness matters more than Los Angeles.

That’s probably why this massive four-bedroom, four-bathroom home in the notoriously hip neighborhood of Eagle Rock was such a success when it hit the market for the second time in just a few short years.

The sellers picked it up in January 2017 for $1,730,625, and by 2018 the renovations were underway. Once construction was complete, it hit the market again and was sold in June 2020 (during a pandemic, no less) for $2,600,000. You

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