Malls once full of shoppers, now home to students

0 CommentBy

There are communities that have too much retail space. But, prime real estate can be converted, demolished and/or rezoned for new developments. About 22 percent of malls that JLL studied have taken this approach.

So, why buy a mall and create something totally different? Well, because good real estate locations are always a good investment.

Highland Mall, the first suburban shopping mall in Austin, Texas opened in 1971 and officially closed its doors nearly… Read More

Extreme makeover, mall edition

0 CommentBy

More than 94% of mall owners are ditching their old digs for new common area couches, a fresh coat of paint, new stores and/or a name change. A little freshening goes a long way along. Sometimes success is all about marketability.

Malls are refreshing branding strategies to improve and add to their appeal, through common area improvements like modernizing outdated features like new… Read More

Old school experience, new school technology

0 CommentBy

By: Marilynn Joyner, JLL Retail in New York.

In today’s digital age, consumers’ expectations of their beloved brands are expanding. Shoppers now have an increased need for a more personalized shopping experience – which only a physical retail store can deliver.

The firm L2 found that 75% of online shoppers worldwide consider the brick-and-mortar… Read More

JLL Predicts Up to 6 Percent Growth in Holiday Season Spending

0 CommentBy

Once the last trace of Halloween candy is gone, Americans plan to get started on holiday shopping. Nearly 30 percent of shoppers will start shopping prior to Thanksgiving, while just over 30 percent of shoppers will start stocking up over the five day period from Thanksgiving to Cyber Monday.

“As we head… Read More

Make Way for Mixed-Use

0 CommentBy

Nearly 30% of mall owners are adding apartments, offices or hotels to their properties according to a recent JLL survey. But, why are these owners seeking to creating a self-sustaining destinations? 

Well, malls are working hard to rid the public of the perception that they are places solely for occasional shopping events – like the holidays. They are handpicking tenant mixes that cater to specific shoppers like millennials, luxury seekers, and those who… Read More

REIT pays $96.5 million for two retail shopping centers on the West Coast

0 CommentBy

JLL today announced that Retail Opportunity Investment Corporation’s (ROIC) successful acquisition, via OP units, of Fullerton Crossroads in Fullerton, California and Riverstone Marketplace in Vancouver, Washington from the Uhlmann Family Trust. ROIC paid $96.5 million in this stock transaction.

JLL’s Executive Vice President Geoff Tranchina represented the seller in the… Read More

Kicking Canvassing into High Gear

0 CommentBy

It doesn’t matter if you’re a retail newbie or seasoned industry vet, everyone can use a refresher on how to canvass. Which is why JLL has implemented a Specialty Leasing boot camp, facilitated by Tracey Hatley the Director of Specialty Leasing for JLL. In this course, attendees dive into the fundamentals, and receive training on how to navigate the changing retail landscape to ultimately engage the right merchants to create unique… Read More

Red Flagging Emergencies, Elevates Operations

0 CommentBy

Several properties across Texas, Florida and Puerto Rico were impacted by recent hurricanes and in limbo post storm. The operations team was able to use JLL’s RedFlag notification system to communicate with the property’s staff, retailers, and senior management in seconds with real-time updates. What was once a mass email or phone tree system, has… Read More

Experience Ambassadors Boost Consumer Engagement

0 CommentBy

In August, JLL launched the Elevate the Experience webinar series aimed at making our property management teams Experience Ambassadors for their centers.

The first webinar started with the basics – What Is an Experience? It Starts at the Ring Road, went through big and small ways to enhance shoppers’ journeys from the moment they step on… Read More