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
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
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
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
For the past 17 years, Jason Metz has been at the forefront of the brand experience revolution. He’s helped iconic brands including: Porsche, P&G, Adidas, IBM, Anheuser-Busch, Walmart, Forever21, Nokia, MillerCoors, Pizza Hut and Conde Nast create stronger, more rewarding and longer-lasting relationships with their consumers, resulting in significantly higher sales, profitability and market share.
JLL and Brixton Capital today announced that Brixton Capital has acquired 100 percent ownership interest in Everett Mall and retained JLL to manage and lease the 676,880 square-foot enclosed mall located at 1402 SE Everett Mall Way, Everett, Washington. The 70+ store property is anchored by Burlington, Old Navy, Ulta and Sears.… Read More
When an investor launches a redevelopment, they often look to creative marketing ploys to attract consumers and tenants to an improved property. JLL is breaking the typical marketing mold with the debut of its Manhattan Village showcase, an exhibitor-first experiential promotion, at the International Council of Shopping Centers’ (ICSC) Western Conference, held October 2nd to 4th in Los Angeles, California.
At the show, JLL is dedicating the front-section of its exhibition booth… Read More
JLL Retail Research looks at coming closures, the impact of e-commerce on brick and mortar stores, how the store experience is changing and which retailers are actually expanding operations despite the current climate (as of September 2017).
Retail performance fundamentals are in a holding pattern as vacancies remain flat. Net absorption has softened as quality space gets harder to find thanks to limited development in recent years. Restrained construction and few new retail space additions have also kept rents inching upward, moving many major markets to their… Read More