On 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 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 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
On behalf of Kimco Realty, JLL’s Capital Markets experts today announced the firm has closed the sale of Hammond Aire Plaza, a nearly 350,000 square foot community shopping center located in Baton Rouge, Louisiana. A joint venture partnership between DRA Advisors and Viking Partners purchased the asset.
Managing Director Margaret Caldwell, Vice President Diane Roberts and Associate Eric Spencer led the JLL team on the… Read More
As commercial real estate enters its sixth year of growth and volatility heightens in the public equity market, questions are beginning to surface as to how much longer this can continue. But investors show no signs of slowing as they satisfy their hunger for urban retail, potentially positioning 2015 as the highest year on record for the subsector outpacing a record year in 2014, according to JLL’s Q3 2015 Investment Outlook… Read More
JLL today announced the firm has made a strategic move to establish a dominant full-service Capital Markets platform in New England. The firm has hired industry veterans Chris Angelone and Bill Moylan as Managing Directors and Nat Heald as an Executive Vice President to bolster the firm’s Capital Markets services in the region. Angelone will co-lead JLL’s New England Capital Markets platform with Managing… Read More
On behalf of CBL & Associates Properties, Inc., JLL’s Capital Markets experts today announced the sale of Eastgate Crossing Shopping Center. A joint venture of Inland Real Estate Corporation purchased the center. The nearly 175,000-square-foot property is 100 percent occupied by anchors Kroger, Marshalls, Ashley Furniture and Jo-Ann Fabrics.
“Grocery-anchored shopping centers continue to draw… Read More
As consumer confidence continues to climb and economic prospects for retailers improve, JLL is getting a big boost to its retail business by acquiring Wilson Retail Group, a leading, independent retail brokerage and capital markets firm in Southern California. The transaction will enable JLL, already the nation’s largest third-party retail property manager, to provide a broader range of brokerage and investment sales services to… Read More
As Dallas continues its strong momentum forward with one of the highest levels of retail construction in the nation and proportional absorption rates, JLL stands poised to answer growing demand for retail investment sales expertise in the North Texas market.
JLL today announced the firm has hired industry veteran Adam Howells to lead… Read More
By: Colin Dyer, President & CEO of JLL
Real estate investors are getting more aggressive.
As they move across borders searching for attractive returns, and as multinational corporations extend their footprints into new markets around the world, many are asking strategic questions about the dynamics of different cities. In recent years, we’ve seen a gradual shift in the mindsets of many of our investor clients: they’re recognizing cities as emerging political and business powerhouses.
Cities compete… Read More