JLL
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.
AccorHotels to Buy Mövenpick Hotels for $560M
The acquisition will enhance the Paris-based global hospitality company’s presence in Europe, as well as its footprint in emerging markets of the Middle East, Africa and Asia-Pacific.
Brookfield Fund Snags Chicago Office Tower for $305M
JLL Capital Markets represented the seller, an ultra-high-net-worth European family advised by Extell Development. Situated in the Central Loop, the 22-story 175 W. Jackson high-rise dates back to 1912.
CRE’s New Safety Strategies: Drones, Robots and Apps
High-tech options for protecting people who work in commercial buildings are multiplying. Robots, drone detectors, heat-sensing cameras, automated check-in kiosks and crowdsourcing apps that rely on occupants’ reporting skills are already part of the new generation of security systems in office and retail buildings.
The Accelerated Growth of Private Debt Funds
Debt funds are filling the gap left by banks and other regulation-constrained lenders. As dry powder stacks up in a mature cycle, where will fund sponsors place their capital?
CBRE Taps New Retail VP
Alex Cesar brings more than 16 years of commercial real estate experience to his new position, in which he will specialize in landlord and tenant representation.