Hungry Consumers Help Push Up Retail Sales in May
0 CommentAccording to the U.S. Census Bureau’s advanced monthly sales announcement yesterday, estimates of U.S. retail and food services sales for May were $444.9 billion, an increase of 1.2 percent (±0.5%) from the previous month, and 2.7 percent (±0.9%) above May 2014. Total sales for the March 2015 through May 2015 period were up 2.1 percent (±0.7%) from the same period a year ago.
The census data also revealed that during the last five… Read More
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Categories: Agency Leasing, Americas Retail and tagged consumption, Food, JLL, May Sales, Restaurant, retail.
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.
JLL today announced its Retail President and Chief Executive Officer Greg Maloney, CRX, CSM, has been appointed to the International Council of Shopping Centers (ICSC) Board of Trustees. Maloney brings 35 years of industry knowledge to ICSC’s Board of Trustees and hails from an impressive background covering the full spectrum of retail real estate. In his new role as… 
real estate markets. More than half of the cities scored an “A” grade, indicating an expected four to five percent increase in growth through 2017. Phoenix in particular is… 
today face two divergent roads of retail commercial real estate opportunities: safe and sound or risky but rewarding. Retail property buyers are lured by steady and consistent returns found in grocery-anchored strip centers, urban high-street storefronts and… 
1. GO BIG OR GO HOME: Tired and stagnant shopping centers are quickly losing market share, but a slim construction pipeline makes now a prime opportunity for owners to renovate their existing space. Retail real estate owners need to create a unique, exciting and convenient shopping experience to not just attract, but retain their customers. A redevelopment can increase… 
1. GROW WITH GLOBAL DOLLARS: By partnering with an international capital source, a U.S.-based owner can efficiently monetize a portion of their real estate holdings without undertaking a sale. Raising cash to fund acquisitions or exchanging a position in a new partner’s holdings are two great ways to grow the portfolio, leverage an existing operating platform, access new markets… 
1. Mile High City’s Retail Driven by High Income Growth: A highly-educated, high-income population will drive the retail sector’s continued growth in Denver. Its economic fundamentals are strong – higher than the national average – and its high rent growth and moderate construction are anticipated to keep the retail real…