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Category Archives: Development

JLL grows West Coast retail development practice

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Greg Whitney joins team as Senior Vice President

JLL today announced the addition of Greg Whitney to its West Coast Retail Development team as Senior Vice President of Retail Development. Whitney will be responsible for identifying development opportunities within the West Coast region, implementing ground-up and redevelopment strategies, and overseeing the successful completion… Read More

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Categories: Americas Retail, Development and tagged , , , , , , , .

Malls once full of shoppers, now home to students

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There are communities that have too much retail space. But, prime real estate can be converted, demolished and/or rezoned for new developments. About 22 percent of malls that JLL studied have taken this approach.

So, why buy a mall and create something totally different? Well, because good real estate locations are always a good investment.

Highland Mall, the first suburban shopping mall in Austin, Texas opened in 1971 and officially closed its doors nearly… Read More

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Categories: Agency Leasing, Americas Retail, Construction, Development and tagged , , , .

Extreme makeover, mall edition

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More than 94% of mall owners are ditching their old digs for new common area couches, a fresh coat of paint, new stores and/or a name change. A little freshening goes a long way along. Sometimes success is all about marketability.

Malls are refreshing branding strategies to improve and add to their appeal, through common area improvements like modernizing outdated features like new… Read More

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Categories: Agency Leasing, Construction, Development and tagged , , , .

Make Way for Mixed-Use

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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

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Categories: Americas Retail, Construction, Development and tagged , , , .

Cashing in on culinary experiences

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Space dedicated to food and beverage (F&B) within malls is now up 5% from a decade ago, and that may reach 20% by 2025. But why the shift to foodie destinations?

Well, the retail industry is undergoing a transformation driven by consumers, who are demanding more from their retail… Read More

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Categories: Agency Leasing, Development, Malls and tagged , , , , , , , .

JLL brings “Manhattan Village Beach Vibe” to life at ICSC Western Conference

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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

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Categories: Agency Leasing, Americas Retail, Construction, Development, ICSC Events and tagged , , , .

Brookhaven Shopping Center Trades to Invesco Real Estate

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On behalf of Katz Properties, LLC, of New York City, JLL’s Capital Markets experts today announced the company completed the sale of the 211,758-square-foot Brookhaven Shopping Center in Brookhaven, Pennsylvania. The Shoprite and Lowes anchored property traded to Invesco Real Estate, a global real estate investment manager. JLL’s Managing Directors Chris Angelone and Jim Galbally led the team on the sale.

“We’re seeing institutional investors continue to target grocery-anchored assets in infill… Read More

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Categories: Americas Retail, Development, Retail Transactions, Retailers and tagged , , , , .

City Series: Chicago Doesn’t “Chi” Away from Local Charm and Rich Retail

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When the Chicago Cubs won the 2016 World Series (after a long 117 years), tourism was booming and the victory parade blew 5 million people into the Windy City. Chicago is home to fresh and established corridors that are bringing in more people and ultimately, more money. With their energy and mix of options, it’s no wonder that Magnificent Mile, State Street, Oak… Read More

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Categories: Americas Retail, Development, Retail Cities, Retail Transactions, Retailers and tagged , , , , , , , , .

City Series: The Well Won’t Run Dry on Canada’s Retail Corridors

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Whoever said brick-and-mortar shopping is a dying breed hasn’t visited Canada. Toronto and Vancouver’s prime urban retail corridors are a shopper’s paradise. From independent boutiques to upscale luxury retailers, both cities have something for every budget.

  • Vancouver’s South Granville attracts international retailers, tech titans and independent home-goods boutiques while Robson Street sees transformation from bleak to chic with international and luxury retailers.
  • Toronto’s Bloor Street
    • … Read More
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Categories: Americas Retail, Development, Retail Cities, Retail Transactions, Retailers and tagged , , , , , , .

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… Read More

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Categories: Americas Retail, Development, Investment, Retailers and tagged , , , , , .