JLL Expands Retail Brokerage Services into Beverly Hills0 Comment
JLL today announced the firm has hired Houman Mahboubi as Senior Vice President to expand its Los Angeles Retail practice. Mahboubi brings unmatched relationships with highly respected landlords, restaurant groups, and various high-end retailers in Beverly Hills and throughout Southern California. In the last five years, Mahboubi has closed more than $100 million and five million square feet of transactions. He is joined by Associates Devin Klein, Greg Briest and Montrese Chandler. They will be based in the firm’s Century City office.
“High street retail in Beverly Hills is a specialized niche market that takes years to create a presence,” said Peter Belisle, Southwest Market Director, JLL. “Houman is a premiere broker in this area and we are confident that he will provide tremendous value to our clients as they look at this crucial market for expansion and investment.”
The hiring of Mahboubi is the most recent move by JLL to expand its retail platform. In the last year, JLL has grown its retail brokerage business across major markets, acquiring HMS, Inc., Wilson Retail, Shelter Bay Retail Group, Martin Potts & Associates, Inc., and Big Red Rooster to deepen its talent bench.
“In the last 10 months our Los Angeles Retail brokerage practice has created a strong foothold in the market, and Houman will complement our continued growth,” said Naveen Jaggi, President of Retail Brokerage, JLL. “Houman and his team have forged a desirable tenant representation service model for luxury to aspirational consumer brands, providing a strategic approach to their real estate needs.”
Mahboubi joins JLL with more than 15 years of experience in high street retail, representing some of the world’s premier brands. Prior to JLL, he was a Managing Partner at a premier Beverly Hills commercial real estate firm. Mahboubi holds a bachelor’s degree from the University of Southern California. He also serves as a member of the city’s Rotary Club, Chamber of Commerce, Economic Development Committee (EDC) and Rodeo Drive Committee.