JLL is now better positioned to help retailers across the United States control costs and improve profitability with the acquisition of lease and debt restructuring firm Huntley, Mullaney, Spargo & Sullivan, Inc. (HMS). The transaction is consistent with JLL’s growth strategy and will enable the firm, already a national leader in retail real estate services, to provide a broader range of services to retailers. While mostly focused on retail chains, HMS… Read More
1) Tourists Love the Big Apple: A record 56.4 million people descended upon New York City in 2014, a 23% increase from only five years prior. And when tourists visit, they shop and spend money—that crowd generated a record $61.3 billion in overall economic impact. The City’s lofty goal: to attract 67 million annual visitors by 2021.
2) Everything Old is New Again: Worldwide trends… Read More
JLL today announced that it has been retained by MGM Resorts International to lease the luxury retail promenade in its newest development, MGM National Harbor. The property is located at the intersection of I-95 and I-295 in Prince George’s County, Maryland, and is expected to open in the fourth quarter of 2016.
MGM National Harbor will encompass 308 hotel rooms, a… Read More
JLL today announced that it has been retained by Yacoel Properties to manage Ridgeview Plaza, a 173,000-square-foot neighborhood center located in Reno, Nevada. The property has nearly 30 stores, and is currently anchored by Kohl’s, Safeway, Ross Dress for Less and PetSmart.
Sondra Van Metre, Director of West Coast Retail Property Management for JLL will lead the assignment for the… Read More