Do you attack your occupancy costs as aggressively as you do your cost of goods sold? As your labor and overhead costs? Very few companies do, but increasingly some of the most successful companies in the world are aggressively determined to reduce occupancy costs to improve profitability. Restructuring your leases can make a material impact on your bottom line and get you back to, or help keep you in a strong… Read More
Tom Lagos, Patrick Toomey, Jordan Uttal and Heather Boren to strengthen retail platform in Southern California
JLL is strengthening its West Coast retail client service offerings yet again. January 2018, the firm added investment sales experts Tom Lagos and Patrick Toomey as Executive Vice Presidents and Jordan Uttal and Heather… Read More
The holiday season is the most wonderful time of the year, or so the song goes. It’s also the time of the year where majority of retailers reach their… Read More
JLL may not have the same heroic swagger as Wonder Woman, but the company is using its own magic lasso to define consumer behavior patterns. Using a virtual lasso, commonly referred to as a geofence, JLL is tracking the holy grail of consumer data: an accurate profile of shoppers entering a property through its new tech tool, PinPoint. This new geofencing software tool analyzes mobile data (both cellular and GPS) at… Read More
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
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refreshing branding strategies to improve and add to their appeal, through common area improvements like modernizing outdated features like new… Read More
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
It doesn’t matter if you’re a retail newbie or seasoned industry vet, everyone can use a refresher on how to canvass. Which is why JLL has implemented a Specialty Leasing boot camp, facilitated by Tracey Hatley the Director of Specialty Leasing for JLL. In this course, attendees dive into the fundamentals, and receive training on how to navigate the changing retail landscape to ultimately engage the right merchants to create unique… Read More
Several properties across Texas, Florida and Puerto Rico were impacted by recent hurricanes and in limbo post storm. The operations team was able to use JLL’s RedFlag notification system to communicate with the property’s staff, retailers, and senior management in seconds with real-time updates. What was once a mass email or phone… Read More
In August, JLL launched the Elevate the Experience webinar series aimed at making our property management teams Experience Ambassadors for their centers.
The first webinar started with the basics – What Is an Experience? It Starts at the Ring Road, went through big and small ways to enhance shoppers’ journeys from the moment… Read More
