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News release

Los Angeles

Jones Lang LaSalle Completes Two Law Firm Leases Totalling 69,000 SF in Downtown Los Angeles

Murchison & Cumming renews at 801 South Grand; Ogletree Deakins relocates to Mellon Bank Cente


LOS ANGELES, May 19, 2010 – Jones Lang LaSalle represented two law firms in leases transacted in downtown Los Angeles, Calif.  Murchison & Cumming, LLP signed a 10-year, 42,162-square-foot lease renewal at 801 South Grand Avenue.  Additionally, Ogletree Deakins Nash Smoak & Stewart, P.C. signed a 10-year, 26,924-square-foot lease at Mellon Bank Center located at 400 South Hope Street. Ogletree Deakins will be moving its offices from 633 West Fifth in downtown Los Angeles in June.

Murchison & Cumming, LLP is a premier civil litigation firm specializing in the defense of domestic and international companies and individuals doing business in California, as well as the representation of clients in business transactions and litigation throughout the U.S.  Ogletree Deakins is one of America's leading labor and employment law firms.

In the first transaction, Thomas McDonald of Jones Lang LaSalle represented Murchison & Cumming.  Peter Best of Madison Partners represented the landlord, Brickman.  In the second transaction, Darren Eades and Thomas McDonald of Jones Lang LaSalle represented Ogletree Deakins.  John Ollen and Jake Mota handled the transaction on behalf of the landlord, Tishman Speyer.

“In each of these transactions, the current commercial real estate market allowed the tenant the opportunity to secure a long-term lease with favorable terms,” said McDonald.  “In evaluating current market dynamics and other possible alternatives in the market, we determined that Murchison & Cumming’s existing building was the best fit for their business needs and goals whereas a relocation was best suited to align with Ogletree Deakins’ objectives.”

Added Eades regarding Ogletree Deakins’ relocation, “After an extensive search of the market and evaluating multiple relocation scenarios, Ogletree Deakins opted to relocate to Mellon Bank Center due to the creative concession package offered by the landlord and their newly built out office space enhanced to fit the culture of the firm."

Jones Lang LaSalle’s Law Firm Group uses a unique approach, drawing together law firm experts who offer clients best-in-class representation at every stage of a firm’s leasehold.  The firm’s integrated approach teams transactors, real estate lawyers, accountants and other business professionals specializing in strategic planning, finance, design and construction consulting, engineering, development management, lease auditing and lease administration. This combination provides a comprehensive analysis of opportunities available throughout the process and across portfolios. The multi-disciplinary team of professionals maximizes real estate opportunities for law firms; delivering solutions that increase competition, minimize costs, mitigate risk, and improve lease terms. Jones Lang LaSalle's global platform in 750 markets provides its law firm clients with strategic solutions and local expertise that match long-term objectives across the nation and around the world.
 
About Murchison & Cumming, LLP

With a firm history dating to 1930, Murchison & Cumming, LLP is a premier civil litigation firm with five offices in California and Las Vegas, whose attorneys specialize in the defense of domestic and international businesses, insurers and individuals, at trial and on appeal. The firm's attorneys also handle employment matters and business transactions. The firm is a member of the USLAW Network. For additional information, please visit our website at www.murchisonlaw.com.

About Ogletree Deakins

Ogletree Deakins is the nations’ third-largest labor and employment law firm representing management in all types of employment-related legal matters. The firm has more than 450 lawyers located in 38 offices across the United States. In addition to handling labor and employment law matters, the firm has thriving practices focused on business immigration, employee benefits, and workplace safety and health law. Ogletree Deakins represents a diverse range of clients, including more than half of the Fortune 50 corporations in the United States. www.ogletreedeakins.com.
 
About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.6 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with approximately $40 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.