Monthly Archives: July 2015

Is it Time to Renew Your Commercial Lease? 8 Benefits a Broker Provides.

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This post was originally published on JLL Spaces.

Real estate is one of the largest expenditures an organization incurs, thus warranting a formal, strategic process to making sound decisions. As you approach your current commercial lease renewal, give your organization the best chance at negotiating a favorable agreement and selecting a property that best meets your needs.

To accomplish this, consider using a corporate real estate broker to assist you in the research… Read More

Leasing activity within the San Diego life sciences cluster hit record levels in 2014 [REPORT]

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Major lab supply: Clusters of established lab stock with long-time industry presence

San Diego saw $43.8 billion in M&A transactions from 2011 through 2014. Large pharmaceutical companies are purchasing biotech firms to fill their R&D pipelines, rather than conduct R&D internally. San Diego has a strong R&D market due in… Read More

JLL San Diego laces up for The Navy Seals Frogmen!

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On Saturday, July 25, JLL San Diego employees sponsored, fund-raised and participated in the 4th Annual 2015 Joggin’ for Frogmen 5K. Special thanks to Edie Feffer for organizing the event and fundraising! With Edie leading the charge, JLL employees raised more than $2,000 to benefit The 31Heroes Project, Navy SEAL Foundation, and Travis Manion Foundation.

Inspired by… Read More

San Diego employment update │ July 2015 [REPORT]

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San Diego 12-month job growth ended the second quarter on a very positive note, adding more than 38,500 jobs to the County.

Professional and Business Services services saw the largest gains, adding 9,400 new jobs over the last 12 months. Education and Health Services also continued its consistent growth, adding 7,800 new jobs.

Please note that all charts and graphs reflect… Read More

Coastal Cities Dominate JLL’s 2015 List of Top U.S. Life Sciences Clusters [REPORT]

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JLL’s annual Life Sciences Outlook Report reveals growth in pharmaceutical and biotech industries despite rising labor and real estate costs

U.S. biopharmaceutical innovation is thriving, with areas like Boston, Raleigh-Durham and San Diego dominating U.S. life sciences activity. However, a scarcity of laboratory space is pushing biopharmaceutical companies to seek locations in suburban markets where space is available or can be constructed, while still providing proximity to talent and resources.

These trends, along with… Read More

Verizon to Occupy More than 50 Percent of Enclave Sorrento

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110,000-square-foot lease for technology campus recently transformed into Class A office

Fortune 15-ranked power house Verizon, has secured 110,000 square feet of office space at Enclave Sorrento, a technology campus that recently underwent major renovation by California-based McCarthy Cook with New York- and London-based partner AllianceBernstein.*

The lease, negotiated by JLL’s Managing Director Chad Urie, Managing Director Tony Russell and Senior Vice President Tim Olson, brings the two-building, 213,000-square foot campus,… Read More

Graymark Capital, Inc. Purchases Five-Building Campus in Carlsbad for $13.5M

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Graymark Capital, Inc., headquartered in San Francisco, in partnership with Chicago-based Blue Vista Capital Management, purchased a 127,287 square foot, five-building creative office/R&D property in Carlsbad from an affiliate of Bixby Land Company. The property, known as @Palomar, is located at 6349 and 6359 Paseo Del Lago and 1939, 1945 & 1949 Palomar Oaks Way and rests on 10.1 acres.

JLL’s Managing Director Bob Prendergast represented the seller.… Read More

Q2 2015 San Diego Office Market Statistics: Rising rents and falling unemployment good news at mid-year

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Our Quarterly Office Statistics reports provide detailed office real estate leasing data for the various metro areas we cover on a quarterly basis. Data includes inventory, completions, vacancy, rents, absorption, and new construction for buildings at the overall metro and submarket level categorized by class.

Click here for more market insight on our San… Read More

Curious which Skyline offers the greatest value? [INFOGRAPHIC]

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Office rental rates to spike

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Since the rental rate peak in the office market eight years ago, rental rates for only nine of 43 U.S. Skyline markets have returned to, or surpassed, those pre-recession numbers, after adjusting for inflation (led by high-demand markets like Austin, Boston, and San Francisco). Rents for the remaining 34 are, on average,… Read More