The services firm, founded in New York City nearly 90 years ago, will tell “a better, more focused story as a standalone entity,” according to its registration statement earlier this year.

The firm's annual holiday party for the Orange County market didn't disappoint as industry professionals gathered at the Pacific Club here for an evening of celebration.

While the trophy and Class A market downtown faces growing risks of oversupply, less than 10% of buildings with a contiguous available block greater than 20,000 square feet are of a creative nature, JLL says.