Consumer retail spending now exceeds pre-COVID levels; investor confidence in retail real estate is also growing, reported JLL, Chicago.
Tag: JLL
MBANow: JLL’s Jeff Manas on New Environmental and Property Condition Service
JLL recently launched a new service line inside its Valuation Advisory business and hired Jeff Manas to head its Environmental and Property Condition service.
Potential Record-Breaking Year for REIT M&A Activity
JLL, Chicago, reported real estate investment trust merger and acquisition activity is rebounding.
Life Sciences Activity Captivates Investors
Investor interest in life sciences real estate has jumped during the pandemic, analysts said.
Personnel News From Walker & Dunlop, JLL Institutional Property Advisors
Walker & Dunlop hired Kelly Mitchell as Managing Director. She will drive outreach to the firm’s large institutional clients, both foreign and domestic.
JLL: Offices Will Evolve as They Re-Emerge
JLL, Chicago, said it expects offices to re-emerge as the “beating heart” of re-energized central business districts as the recovery progresses.
Commercial/Multifamily Briefs from Blackstone, QTS, JLL
Data center real estate investment trust QTS Realty Trust, Overland Park, Kansas, and Blackstone, New York, announced that Blackstone affiliates will acquire all outstanding shares of common stock of QTS Realty Trust for $78 per share in an all-cash transaction valued at nearly $10 billion, including the assumption of debt.
JLL: Seniors Housing Sector Positioned for Growth
The seniors housing sector should grow as long-term demand remains positive and an aging Baby Boomer population needs more care, reported JLL Valuation Advisory, Chicago.
Seattle Eclipses Manhattan as Top Market for Cross-Border Buyers
Seattle surpassed Manhattan to become the leading U.S. market for cross-border investment, reported Real Capital Analytics, New York.
Spread Between Retail, Industrial Rents Compresses
JLL, Chicago, reported the spread between retail property rents and industrial property rents is compressing as home deliveries speed up and e-commerce steals more and more market share from brick-and-mortar retailers.