JLL today announced the addition of Greg Whitney to its West Coast Retail Development team as Senior Vice President of Retail Development. Whitney will be responsible for identifying development opportunities within the West Coast region, implementing ground-up and redevelopment strategies, and overseeing the successful completion of projects.
After a tepid start to the year, consumer spending appears to be back in full-swing as shown by today’s retail sales numbers. June saw a 0.5% month-over-month increase and a, more importantly, 6.6% year-on-year increase over June 2017. Home purchases have seen a significant bump driven by lower taxes and… Read More
Lauren Stilley joins team as VP of National Retail Leasing – reflecting the firm’s commitment to growing its retail property management and brokerage platform.
JLL announced the addition of Lauren Stilley to its West Coast retail team as Vice President of National Retail Leasing. Stilley will work across the Hawaii and California markets in her new role.… Read More
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
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
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