BROKER /
Peter Riguardi
Jones Lang LaSalle (JLL)
Chairman and President, New York Tri-state Region
Job Functions: Executive, Investment Sales & Acquisitions
Bio
Current responsibilitiesAs Chairman and President of JLL's New York Tri-state Region, Peter Riguardi leads all operations for the firm in the New York, New Jersey and Connecticut area.
He is responsible for broadening the company's local platform by developing key client relationships, leading major projects, maintaining senior real estate industry contacts and political relationships, and recruiting new talent. He oversees a team of more than 2,300 professionals in seven offices throughout the Tri-state area.
Under Peter's leadership, JLL has established itself as a market leader in the New York Metropolitan region, and the company's market share, revenue and profitability have all increased substantially.
Peter developed and implemented a program to expand the New York leasing and brokerage business, retail brokerage business, investment sales teams and corporate solutions specialty, which included attracting top talent from the industry and combining it with the company's strong base to form a market leadership team.
SpecialtiesTenant representation, agency leasing, investment sales, consulting
Years of experience34 years
ExperiencePrior to joining JLL in September 2002, Mr. Riguardi was Vice Chairman and Principal of Colliers ABR Inc., a company that he helped form in 1994. He started his real estate career at GVA Williams in 1983, where he was the youngest Senior Vice President in the firm's history. During his extensive career in commercial real estate, he has been actively involved in several of the largest and most noteworthy transactions in the New York Metropolitan area. Mr. Riguardi is consistently ranked by the New York Observer as one of New York's most influential real estate executives.
Key transactions
Tenant Representation
Metropolitan Transportation Authority - 1.6 million s. f. net lease of 2 Broadway
Bank of America
1.5 million s.f. lease at One Bryant Park
400,000 s.f. lease at 50 Rockefeller Center
177,000 s.f. lease at the GM Building
Beijing Vantone - 190,810 s.f. lease for China Center at One World Trade Center
MetLife - 410,000 s.f. lease at 1095 Avenue of the Americas
Jet Blue - 235,000 s.f. lease at Queens Plaza, Long Island City
General Motors Corp.
114,300 s.f. renewal at 767 Fifth Avenue
65,130 s.f. lease at 1345 Avenue of the Americas
Merrill Lynch
1 million s.f. development site in Jersey City, NJ
760,000 s.f. acquisition of 2 Broadway
350,000 s.f. acquisition for Tokyo, Japan HQ
Morgan Stanley
1.2 million s. f. headquarters - ground lease and development at 745 Seventh Avenue
720,000 s.f. lease at One New York Plaza
400,000 s.f. lease at 1221 Avenue of the Americas
373,125 s.f. lease at 750 Seventh Avenue
BNY Mellon
300,000 s.f. lease at 200 Park Avenue
350,000 s.f. lease at Brookfield Place
400,000 s.f. lease in Boston
HSBC
550,000 s.f. sale-leaseback at 452 5th Avenue
650,000 s.f. renewal at 452 Fifth Avenue
JP Morgan Chase
400,000 s.f. lease in San Francisco, CA
100,000 s.f. lease at 5 Manhattan West
Deutsche Bank - 151,935 s.f. lease at 345 Park Avenue
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates - 650,000 s.f. lease at 1 Manhattan West
Port Authority of New York and New Jersey - 750,000 s.f. lease at 4 World Trade Center
Spotify - 400,000 s.f lease at 4 World Trade Center
BlackRock - 850,000 s.f. lease at 50 Hudson Yards
JPMC Digital - 450,000 s.f. lease at 5 Manhattan West
Agency Leasing
85 Broad Street, MetLife Building - Leased approximately 1 million s.f. to such notable tenants as Oppenheimer and WeWork
1285 Avenue of the Americas - Leased 2 million s.f. to UBS, Paul, Weiss and Omnicom
777 Third Avenue - Leased 500,000 s.f. to anchor tenant, Avon Products
51 Astor Place - Ground-up development, anchored by IBM's Watson division
1515 Broadway - Leased 1.2 million s.f. to Viacom
450 W 33rd Street - Leased more than 600,000 s.f. to multiple tenants including Associated Press
2 World Financial Center - 700,000 s.f. sublease on behalf of Merrill Lynch including:
Mass Mutual/Oppenheimer 189,981 s.f.
Thatcher, Profitt & Wood 180,000 s.f.
Commerzbank 155,185 s.f.
State Street Bank 150,000 s.f.
Platinum Underwriters Reinsurance Inc. 49,599 s. f.
11 Times Square - brought the building up to 90% leased with major tenant, Proskauer and Microsoft
Investment Sales
452 Fifth Avenue to IDB Group/Midtown Equities
140 Broadway to DIFA on behalf of Morgan Stanley
The REBNY Building at 12 E 41st Street on behalf of Morgan Stanley
100 Maiden Lane sale by Cadwalader, Wickersham & Taft LLP
International Projects
Advisor to Merrill Lynch's Tokyo headquarters for 390,000 s.f.
Represented Coryo Securities in the sale of its 470,000 s.f. headquarters building to Hewlett Packard in Seoul, Korea
Represented Tiffany & Co. for Ginza retail location in Tokyo, Japan
Consulting Projects
The Port Authority of New York and New Jersey
Advisor in the redevelopment of the World Trade CenterMr. Riguardi has overseen JLL's assignment with the Port Authority of New York and New Jersey as On-call Development Advisor. This has been a sensitive and complicated assignment that has been ongoing since January of 2004. Under his direction, this assignment has included the development agreement with Silverstein Properties International, and the structuring of both the Port Authority's Headquarters lease and the City of New York's lease at 4 World Trade Center, totaling one million square feet.
Hallmark Crown Center
Development advisor for the Hallmark Crown Center – Kansas City, MO
Warner Music
Developed the New York area occupancy strategy
Education and affiliationsPeter holds degrees in marketing and finance from Iona College and was most recently awarded an honorary doctorate degree and served on the board of Iona College for 12 years.
In the past several years, he has been an honoree for The Rabin Medical Center of Israel, Met Council, Muscular Dystrophy, Juvenile Diabetes Foundation, Special Olympics, United Way, The Police Athletic League, The Realty Foundation, the AIR Society and St. Francis Food Pantries and Shelters.
Peter serves on the Board of Governors for The Real Estate Board of New York and is an active member of the organization's senior leadership. He is also on the Board of Directors of The Regional Plan Association, on the Board of Directors of The Rabin Medical Center of Israel, and is a member of The Partnership for the City of New York.
Areas of Interest
- Risk Profile
- Deal Type
- Development
- Property Type