Monthly Archives: February 2015

How to make customers fall in love at the movies…with the theater

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More than most years, Hollywood blockbusters are at the forefront of the public’s attention. Oscar nominated films, such as American Sniper, The Theory of Everything, Boyhood and Selma, have tugged at viewers’ heartstrings and won the accolades of critics. For theater franchises though, these flicks offer more than 120 minutes of entertainment: they’re an opportunity to captivate audiences with a new theater experience.

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One Paseo development in Del Mar Heights approved by City Council

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A look at construction in 2015

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Growth in the construction industry is “building” and expected to continue through 2017.

Construction starts were up in 2014, driven largely by the office and industrial sectors in energy-producing markets, as well as traditional office markets like New York. Even as demand explodes, though, the cost to build is higher than ever thanks to the continued increase in labor and materials costs.

Demand for large retail space has declined as more consumers shop online. Much of… Read More

JLL Managing Director Featured in SD Metro Magazine as Metro Movers to Watch

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Jay Casual 2015
JLL’s Jay Alexander 
has been named one of San Diego Metro Magazine’s Metro Movers to Watch. As an established mover and shaker in San Diego’s commercial real estate industry, Jay Alexander made headlines when he moved over to JLL five years from another well-known brokerage firm. Recruited to establish and lead JLL’s landlord representation team, Jay’s influence and success is based in part on his ability to… Read More

Topping the last cycle | U.S. Industrial Outlooks – Q4 2014

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Exceeding (and nearing) last cycle

Our Q4 2014 U.S. Industrial Outlook provides an overview of supply and demand conditions, as well as detailed statistics and brief analyses of major industrial markets. Highlights include:

  • Increasing tenant demand, paired with 19 consecutive quarters of positive absorption, caused U.S. vacancy to finish the year at 6.9 percent, 80 basis points lower than 2007’s rate.
  • In line with vacancy’s decline, asking warehouse rents are now nearing last cycle’s high.
  • Although construction deliveries
  • Read More

San Diego Medical Office Report | Q4 2014

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By Paul Braun, Chris Ross, and Kelly Moriarty
JLL San Diego | Healthcare Practice Group

It’s official: countywide medical office vacancy has fallen below the 10% benchmark. Rental rates are now steadily rising. The market is showing consistent signs of improvement, with some properties achieving record sale prices and rental rates. Investment properties have recently traded for as much as $729/SF. Unique owner-user properties have reached upwards of $500-600/SF. And the new high watermark for Class… Read More

Multifamily summits another peak: Record-breaking investment in 2014

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Fears of a bubble overblown, according to JLL

While some pundits are warning of a bubble in the multifamily housing sector, the numbers tell a different story. According to JLL research, released at the National Multifamily Housing Council (NMHC) conference in January, homeownership rates are down as more Americans choose to rent. That’s driving demand for apartment in many regions.

That should mean plenty of renters to soak up the considerable volume of multifamily units coming… Read More

Construction costs are up, but so are opportunities for growth

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What does this mean for tenants?

There is more new construction across the markets, creating an expanding menu of options. This is good, as tenants now have some rent relief along with newer, more modern space. For office tenants, the majority of new construction is occurring in Houston, New York City and Dallas. Industrial building… Read More

Professional and business services, leisure and hospitality lead 2014 employment growth

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Life Sciences sector employment grows by 5.2%, Record leasing pushes direct availability to 6.2%

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By Grant Schoneman
Vice President | Life Sciences Group
JLL San Diego

Microsoft PowerPoint - JLL San Diego - 2014 Summer-Fall Life Sci2014 was a banner year for the life sciences industry – both on a global and national scale. The global life sciences industry saw a total of $104.2 billion raised, up from the $92.9 billion in 2013. Venture capital financing, IPO and M&A activity all recorded… Read More