Tag Archives: property management

Energy efficiency supported by JLL

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JLL is proud to support ongoing energy efficiency efforts at Precedent Office Park. The park is managed by JLL and owned by Precedent Co-Investor, LLC and managed by JLL. The property recently earned the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR certification as a result of buildings performing in the top 25% of similar facilities. Hence, the buildings meet strict efficiency performance levels set by the EPA.

The Precedent Office Park has been taking part in renovations and keeping… Read More

What Does It Mean If My Building is Being Run by a “Receiver”?

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By Adam Broderick
Vice President
Jones Lang LaSalle

Currently in Indianapolis, there are several quality office buildings that have been taken over by a lender due to a default on the part of the deeded owner.

When this happens, there are four primary remedies available to the lender:

  • Deed in lieu,
  • Foreclosure,
  • Workout, and
  • Receivership.

In many cases, lenders choose to have the property… Read More