JLL Hires Another Veteran Capital Markets Team

A quartet of experts has joined Jones Lang LaSalle's New York Capital Markets business. JLL said Thursday that Richard Baxter, Jon Caplan, Ron Cohen and Scott Latham have defected from Cushman & Wakefield, Inc.

May 6, 2010
By Allison Landa, News Editor

Left to right: Baxter, Latham, Cohen, Caplan

A quartet of experts has joined Jones Lang LaSalle’s New York Capital Markets business. JLL said Thursday that Richard Baxter, Jon Caplan, Ron Cohen and Scott Latham have defected from Cushman & Wakefield Inc.

With a century of combined real estate capital markets experience as well as an investment sales transaction track record exceeding $20 billion in the past decade, the move brings even more heavy hitters to JLL’s capital markets platform. In March, JLL hired away a trio of veterans – Thomas Fish, Michael Melody, and Thomas Melody — from CB Richard Ellis in a move that surprised the industry.

“Attracting these key leaders to our firm will enable the aggressive growth of our New York City Capital Markets business,” JLL Americas Capital Markets business President Jay Koster said when announcing the news. “It also sends another significant message to the market that Jones Lang LaSalle is committed to building a pre-eminent Americas Capital Markets business.”

Baxter, Caplan, Cohen and Latham have specialized in the sale, acquisition and capitalization of New York City real estate, working with trophy office, urban retail and multifamily properties, and development opportunities. They were involved with major transactions including The Plaza Hotel, 666 Fifth Avenue and the Barneys New York flagship on Madison Avenue.

JLL’s capital markets effort includes investment sales, debt placement, recapitalization, note sales, and placement of rescue capital and joint venture equity capital. In the last three years, the capital markets business has completed more than $143 billion transactions globally.