Sadly, no one is unaware of the constant state of vigilance that mall owners and managers must operate in today’s social environment. Whether it is a skirmish for a parking spot that escalates into something bigger, an unfathomable act of violence that brings emergency response teams to your property, or even Mother Nature’s own brand of disaster delivered… Read More
Justin Honore – Recipient of the ICSC Foundation Diversity Scholarship sponsored by JLL
Where are you from: Ellenwood, Georgia with direct family ties to New Orleans
- What university do you attend: University of Georgia – GO DAWGS
- What would you be doing if you weren’t an intern for JLL this summer? I would most likely … Read More
San Francisco has long laid claim to one of the biggest restaurant markets in the country, with nearly 40 eateries per 10,000 residents, far ahead of even New York City, according to the last census data. Surrounding markets add almost 6,000 restaurants to that total. But while there’s no shortage of hungry Bay Area diners, the market’s high barriers-to-entry pose a hurdle for expanding and… Read More
The rise of retail clinics offering access to basic medical services across the U.S. is a symptom of today’s ‘always on’ lifestyle.
Their business model caters directly to today’s time and money conscious consumer, providing affordable, accessible and convenient health care for minor ailments and injuries.
With a 10% rise in… Read More
According 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 months the Food… Read More
The omni-channel marathon is turning into a sprint to win the consumer over in the last mile – but that race is far from over. With the increase in mobile and online shopping, delivery wars have been set and with them, aggressive same-day deliveries that target 1-2 hour delivery windows. But it remains to be seen if consumers will pay extra for it. The heated competition among retailers large and small begs the question:… Read More
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.
“Grocery-anchored shopping centers continue to draw strong interest from the investment community, especially properties like Eastgate, which… Read More
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 a trustee, he and the board… Read More
The 2015 school year is wrapping up and JLL is grading the growth trajectory of the top 16 U.S. retail
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 taking its namesake to heart, rising to claim the best overall grade, according to JLL’s Retail Market… Read More
Investors heading to the International Council of Shopping Centers (ICSC) conference in Las Vegas 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 trophy A malls. However, a tightened supply pipeline is pushing investors to move out on… Read More