JLL
Murphy Development Kicks Off San Diego Spec Project
The nearly 80,000-square-foot Class A industrial building will be part of the 116-acre Siempre Viva Business Park in Otay Mesa.
The Crystal Pavilion in Manhattan Welcomes New Subtenant
Kroll Bond Rating Agency Inc. will take up nearly 100,000 square feet of office space within the building, as Meredith Corp. consolidates its New York offices in Lower Manhattan.
Houston-Area Retail Center Lands $7M Refi
JLL Capital Markets arranged the fixed-rate non-recourse loan for The Shops at Spring Village in Spring, Texas, on behalf of Capital Retail Properties.
Terreno Picks Up Newark Industrial Asset for $6M
The company completed the transaction with the help of $55 million in acquisition financing, secured by a nine-property portfolio located mostly in the Jersey cities of Newark and Kearny.
‘War for Talent’ Drives CRE Activity in Dallas-Fort Worth
DFW’s business-friendly environment, quality of life and well-educated labor pool help attract companies to the region, which has an unemployment rate running below the national average.
JLL Hires New SVP in Austin
Ace Schlameus will be responsible for providing solutions for capital decisions, while also addressing inefficiencies and assist with setting rental rates.
How Does Labor Shortage Impact CRE?
As of January, there were 6.3 million unfilled jobs in the U.S., up 16 percent from 2017. In its report Where Are All the Workers?, JLL notes unfilled positions can lead to lower rents and increasing vacancy across property types.
SL Green Inks Full-Building Lease in Manhattan
In a deal brokered by RKF and JLL, beauty conglomerate Coty Inc. will occupy more than 10,000 square feet of retail space in the firm’s latest Times Square development.
The Macomb Group Leases 80 KSF at Charlotte Industrial Park
The Michigan-based distributor will establish its Southeastern regional headquarters in the remaining space of Steele Creek Commerce Park’s first phase.
JLL to Lease Planned Industrial Asset in NJ
Upon completion in June 2019, Onyx Equities’ distribution center will bring 120,000 square feet of Class A space to the Route 17 corridor.