It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Raleigh / Durham, Chicago, Los Angeles, Atlanta, Washington DC, Dallas / Ft. Worth, Tampa / St. Petersburg, San Francisco, Cincinnati and East Bay. RALEIGH / DURHAM Dilweg Taps Cunningham as Partner, COO By Bryce Meyers

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Chicago, Dallas / Ft. Worth, San Diego, Boston, Tampa / St. Petersburg, Orange County, Atlanta, Texas and more! CHICAGO Ulbrich to Succeed Dyer as CEO of Global CRE Firm JLL By Randyl Drummer

Jones Lang LaSalle’s (JLL) Colin Dyer announced he will retire and step down next month after 12 years as the firm’s chief executive officer. He will be succeeded by Christian Ulbrich, whom JLL had signalled would be Dyer’s successor after elevating him to president of the global real estate services company in February as part of its overall leadership succession plan. Dyer will retire from JLL at the end of this year after leaving the chief…

Dentons, a leading global law firm, has signed a 210,000-square-foot lease extension at 1221 Avenue of the Americas in New York City. The tenant has occupied space in the building since 1992, extending its existing lease for the 23rd through 26th floors as well as a portion of the building’s concourse level through April 2025. The iconic 51-story, 2.65 million-square-foot Rockefeller Center is 93 percent leased to multiple tenants including…

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Washington DC, Chicago, Seattle, Los Angeles, Indianapolis, New York City, Vancouver / Calgary, Northern New Jersey, San Francisco, Orange County, Tampa / St. Petersburg and more! WASHINGTON DC Bierken Gets Permanent Post as President, CEO of RLJ By Catherine May…

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Dallas / Ft. Worth, Washington DC, Minneapolis / St. Paul, Charlotte, South Florida, Boston, Phoenix / Tucson, Toronto, Chicago and more! DALLAS / FORT WORTH Spirit Realty Capital Names Hsieh President and COO By Bryce Meyers

The U.S. office market continued its steady momentum in the second quarter, recording 39.4 million square feet of net absorption in the first six months of 2016, nearly equaling the 40.2 million square feet absorbed during the record-setting first half of last year. The U.S. office vacancy rate ticked down another 15 basis points to 10.6% in the second quarter of 2016, well below the long-term historical vacancy rate of 11.3%. CoStar analysts…

JLL Income Property Trust, a non-traded REIT managed by JLL’s LaSalle Investment Management, acquired Pioneer Tower, a 17-story, 296,329-square-foot, multi-tenant, Class A office building in the heart of Portland’s central business district. The purchase price was $121.75 million (about $411/square foot) with an estimated capitalization rate based on purchase price of 5%. The seller was General Growth Properties Inc. It is the REIT’s single…

Unico Properties sold the Commonwealth Building at 421 SW Sixth Ave. in Portland, OR to KBS Capital Advisors on behalf of its KBS Growth & Income REIT for $69 million, or about $319 per square foot. Originally built in 1948, the 15-story, 216,099-square-foot office building was completely renovated in 2015. It features flexible creative office layout, rooftop amenity deck, conference facilities, tenant lounge, bicycle storage and on-site fitness…

Publicis, a Paris-based multinational advertising and public relations company, and Winston & Strawn, an international law firm, have renegotiated and extended their respective leases at the 1.12 million-square-foot Leo Burnett Building in Chicago’s Central Loop. Publicis agreed to a seven-year extension for the company’s 642,545-square-foot