With Congress’ recent passing of the Tax Cuts and Jobs Act, growth domestic product (GDP) growth in 2018 is expected to exceed last year’s increases which bodes well for the retail sector. Overall commercial real estate transaction volumes have exceeded expectations, but investment into retail assets reached just $12.8 billion January to April 2018, according to JLL.
JLL recorded a 46 percent decline of investment… Read More
JLL announced today that it has won four MAXI Awards and one Visual Victory Award from the International Council of Shopping Centers (ICSC), the world’s largest retail real estate organization. The MAXI Awards recognize innovative events, programs and technologies that add value to shopping centers and companies across the United States. Categories are designed to recognize the evolution of the industry, while rewarding creativity and innovation with Gold, Silver, and Finalist… Read More
New JLL and Big Red Rooster study creates benchmarks for in-store experiences and ranks the top retailers; Apple takes top spot
Creating brand affinity has always been a top priority for retailers, but now retailers need new ways to build shopper satisfaction in-store. What makes shoppers content from the moment they walk through the door all the way to their purchase? JLL and Big Red Rooster evaluated 100 stores and surveyed… Read More
Clients can view 3-D property renderings based on key real estate and demographic data
CHICAGO, May 3, 2018 /PRNewswire/ — The U.S. Patent and Trademark Office (USPTO) granted JLL (JLL) a patent for Blackbird, the proprietary visualization platform used by office and industrial brokers to advise clients to make confident
It appears as if retail sales turned a corner in March and should continue to fare well in the second and third quarters of this year due to tax cuts, wage growth, and even tax refunds. Meanwhile, energy prices have been rebounding, especially oil which has quietly risen from… Read More
Matt Writt, VP, Retail Brokerage, is an army of one in Denver, Colorado. For Matt, life before JLL at his prior company was non collaborative, but JLL has been the opposite. Matt shares, “There’s cooperation across business lines and markets which have made a big difference in my success.” Having great support that allows him to focus on developing business and transactions was instrumental. He continues, “Beth Steeler (Denver), and the… Read More
Smaller footprints have more opportunities in urban locations and in mixed use projects. Grocers like Aldi and Trader Joe’s benefit from the flexibility to take smaller spaces in vertically integrated projects. HyVee recently announced that while traditional-sized stores will still be rolled out, smaller format stores of… Read More
Advance estimates of U.S. retail and food services sales for March 2018, were $494.6 billion, an increase of 0.6 percent (±0.5 percent) from the previous month, and 4.5 percent (±0.5 percent) above March 2017 according to the U.S. Department of Commerce. Total sales for the January 2018 through March 2018 period… Read More
Bridget Grams, EVP, Retail Brokerage, worked for a small 12-person company prior to JLL and life was great, but she never imagined it could get better. Imagine her apprehension of transitioning to such a larger company, but the transitions was smooth and life at JLL has been fantastic.
Bridget’s had a successful year due to the human aspect. From her team that works out… Read More