Category Archives: Investment

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

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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

Brixton Acquires Everett Mall, JLL Assumes Management and Leasing

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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

Top 10 affordable locations for retail stores

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JLL launched its inaugural City Retail report, which reveals the 10 most affordable and desirable retail corridors in the United States based on average asking rent per square foot. These shopping districts have growing populations of working millennials, rising foodie scenes, and trendy mixes of up-and-coming retailers and well-known brands.… Read More

Retail Investment Gains Momentum in Unexpected Places

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In the first quarter of 2017, U.S. retail transaction volumes reached more than $16 billion, which is a slight 4.9 percent decline over last year according to preliminary figures released by JLL. But despite the dip, JLL expects a strong pipeline of transactions to grow and continue to stabilize this year

“Going into this year, we anticipated being extremely busy as our investor clients expressed a desire to sell a significant amount… Read More

JLL adds Trio of Multi-Market Disposition Experts

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JLL continues the strategic expansion of its disposition business in Houston with the addition of three new experts Donna Kolius, Pierce Owens and Kaylie Walker. The group will join JLL’s brokerage team focusing on multi-market dispositions, national portfolio strategies, and sale leasebacks for corporations, private equity firms, real estate investment trusts, investors and retailers.

Houston Retail GroupRead More

Rise of High-Quality Opportunities Benefit Patient Retail Investors

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retail-is-volumes Retail investment sale volumes totaled $50.8 billion through Q3 2016, driven by an increase in large, high-quality retail transactions. Transactions in excess of $100 million accounted for more than two-thirds of deal flow in Q3 and average cap rates have fallen by 41 basis points and sit at 4.5 percent – an indication that… Read More

Roger Staubach’s Secret to Success in Retail = Teamwork and Family

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Chances are if you’ve ever watched one of the Dallas Cowboy’s pro football big games in the ‘70s, you can recognize this throw.

roger-ball

Standing in the front of a packed Retail Product Council at the Urban Land Institute’s Fall Conference in Dallas, is JLL’s own Executive Chairman and football legend Roger… Read More

JLL Brokers Sale of Inverness Corners and Plaza Open-Air Center in Birmingham

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Inverness Exteriors_230On behalf of a joint venture between a global investment management firm and Bayer Properties, JLL’s Capital Markets experts today announced the firm has completed the sale of Inverness Corners and Inverness Plaza, two open-air shopping centers in Birmingham, Alabama. Branch Properties purchased Inverness Corners, a 236,444-square-foot center shopping center anchored by Winn-Dixie and Kohl’s, and Inverness Plaza, a 74,818-square-foot shopping center… Read More

JLL Expands Retail Investment Sales Platform in North Texas

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Tom SalantyJLL today announced it has strengthened its retail client services in North Texas with the addition of industry veteran Tom Salanty. Salanty joins the firm as a Managing Director and brings more than 30 years of experience in retail investment sales. In his role, Salanty will bolster the firm’s retail practice throughout North Texas, partnering closely with Managing Directors Adam Howells, Randy… Read More

CityCenter Enters Into Agreement to Sell The Shops at Crystals in Las Vegas

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Shops at CrystalsCityCenter Holdings, LLC (“CityCenter”), a venture between MGM Resorts International (NYSE: MGM) and Infinity World Development Corp., today announced that it has entered into a definitive agreement with a venture led by Invesco Real Estate (NYSE: IVZ) and Simon Property Group (NYSE: SPG) to acquire The Shops at Crystals for a purchase price of approximately $1.1 billion.

Located at the entryway… Read More