JLL announced that Peter Riguardi has been named chair and president of its New York tri-state region. Riguardi’s responsibilities will expand to cover all JLL business lines in New York, New Jersey and Connecticut, where he currently oversees a team of more than 2,000 professionals in seven offices.
Riguardi, 54, has more than 30 years of experience in commercial real estate in the New York metropolitan area. As president of JLL’s New York Tri-state region, he has been responsible for broadening the company’s platform by developing key client relationships, leading major projects and transactions, maintaining senior real estate industry contacts and political relationships, and recruiting new talent.
Riguardi led JLL as it established itself as a market leader in the New York metropolitan region. The company’s market share, revenue and profitability have all increased substantially during his tenure, with revenue increasing 30-fold since he joined the firm in 2002. Riguardi developed and implemented a program to expand the New York leasing and brokerage business and investment sales teams, which included attracting top talent from the industry and combining it with the company’s strong base to form a market-leading team.
In his new role, Riguardi will oversee all business lines in the region, including brokerage, capital markets, property/facilities management, consulting, and project and development services. He will continue to manage New York tri-state operations along with Chief Operating Officer Stephen Schlegel.
“Peter Riguardi has achieved extraordinary success in the greater New York region, which is a critical market to JLL,” said John Gates, chief executive officer, markets, Americas for JLL. “Peter’s stature within the industry, along with his management skills and expertise in complex real estate transactions, has been crucial to JLL’s remarkable growth in the market.”
Prior to joining JLL in September 2002, Riguardi was vice chairman and principal of Colliers ABR Inc., a company that he helped form in 1994. He began his real estate career at GVA Williams in 1983, where he was the youngest senior vice president in the firm’s history.
During his career in commercial real estate, he has been involved in several of the largest and most noteworthy transactions in the city, including a 1.6 million-square-foot lease for the Metropolitan Transportation Authority at 2 Broadway, a 1.2 million-square-foot headquarters ground lease and development at 745 Seventh Avenue, and nearly 2.1 million square feet of leasing for Bank of America at One Bryant Park. He also served as advisor to the Port Authority of New York & New Jersey on the redevelopment of the World Trade Center.
Riguardi holds degrees in marketing and finance from Iona College, and 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 and the AIR Society. He 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 chairman of the American Friends of Rabin Medical Center and a member of the Partnership for the New York City.