Category Archives: Commercial Real Estate News

Top Life Sciences Destination Trends in 2017

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Running a life sciences company today is a complex business—meeting the needs and demands of top talent while navigating an uncertain healthcare legislative landscape amidst rising costs. Despite the many challenges and costs pervading the industry, one thing is for certain—retaining talent is the top priority, and companies are prioritizing the wellbeing… Read More

 photo-dec-12-4_blogOur visionary creative office reflects model for landlords and tenants

The JLL San Diego office relocated to the Aventine, this week, after signing an 18,000-square-foot lease earlier in the year. Owned by Boston-based Rockpoint Group, the Aventine is a Class A, 220,000-square-foot office building located on an 11-acre campus at 8910 University Center Lane in San Diego, Calif.

Focusing on creating a visionary model for the office of the future and a showcase for our tenant and landlord clients, we incorporated fully ergonomic workspaces designed to accommodate each individual. Our new office also provides “quiet” zones, fresh air/outdoor patios and respite areas for differing work styles and needs. Other unique features include a movable wall/accordion door for full access to the patio; a bi-fold door in main board room to expand the front of house area for large events or meetings; and client-focused Pitch Room featuring a huge state-of-the-art touch-screen monitor; and technologically advanced wireless access from any area within the space along with best in class audio visual to ensure seamless presentations. Julie Kilpatrick of JLL’s PDS Group oversaw design and construction management of the space and partnered with general contractor Commercial Builders, Inc. and Solana Beach-based architect ID Studios.

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 “Our goal was to create open environment that promotes the well-being of our team and fosters collaboration, team work and transparency,” said Peter Belisle, JLL Southwest Market Director. “The Aventine is the perfect place where we can focus on delivering the best service to our clients.”

Managing Director, Jay Alexander, went on to say “Julie was responsible for leading the design and construction teams for over a year. PDS worked hand-in-hand with both our Agency and Tenant Rep teams starting with market tours and leasing support. She succeeded in delivering a prototype of ‘traditional business meets new office’ while satisfying the desires of each and every team member. The entire team is excited to invite clients to the office to showcase and  demonstrate what JLL as a collaborative team can deliver for them. ”

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Known for its landmark design, Aventine is positioned prominently along the well-travelled Interstate 5 and La Jolla Village Drive in the heart of San Diego’s Golden Triangle. Originally designed by renowned architect Michael Graves, the campus includes the 419-room Hyatt Regency La Jolla as well as numerous on-site dining amenities including Fleming’s Prime Steakhouse and Wine Bar, Truluck’s, Café Japengo, The Melting Pot and Michael’s Lounge. Aventine is also conveniently located within walking distance of La Jolla Village Square, a regional retail center providing additional retail services as well as a variety of restaurants.

Political posturing might not matter, but policies do

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Countdown to election 2016 20+ candidates, 22+ months of campaigning, 24 televised debates/ town halls and more than $1 billion spent and we are down to the last five days of the 2016 election cycle.

The past eight years have been filled with economic ups and downs, but in recent years, success has trounced challenges. GDP has grown by 15.4 percent since 2009, while 15.3 million jobs have been created since 2010 with job creation present… Read More

3 Connections to Google’s New San Diego Location

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COW_San Diego_Oct_13_2016 FINAL B

  • Google leased two floors at Cruzan’s Verge project earlier this year to facilitate a new San Diego presence. Google’s office appears to be strategically located near more than one of its local interests, and is also real estate that Google used to own during its first foray into making mobile phones.
  • Google acquired Motorola
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September 2016 employment summary

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us-october-employment-update-2016-jll-1 September was relatively average, but fundamentals are steady
  • September saw 156,000 net new jobs created. While relatively average and not up to the consistent 200,000+ seen throughout much of 2014 and 2015, momentum nevertheless remains.
  • Monthly additions were brought down due to contraction in government and slowdowns in very large sectors such as education and health
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Q2 2016 Medical Office Report

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

MOBQ22016graphicThe San Diego healthcare community as a whole continued to show growth in the first half of the year. Several new medical buildings have been recently completed, are under construction now or are expected to break ground soon – albeit at a pace that is not expected… Read More

Julie Kilpatrick Named One of Constructech Magazine’s 2016 Women in Construction

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Constructech magazine is proud to unveil the 2016 Women in Construction, as well as the recipients of the first annual Constructech Mavens award.

Julie Kilpatrick-PF

In recent years, women have transformed the construction industry. Whether they’re out on the jobsite or in the office, women have proven they know how to push the boundaries of what’s expected, and leverage the… Read More

Q2 2016 San Diego Venture Capital Funding Dashboard

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VC Funding Dashboard- SD Q2 2016San Diego companies reported 19 venture capital deals totaling $350.5 million in the second quarter. The funding total was 26.7 percent higher than the 10-year average. The largest local cluster of industries, life sciences/medical, raised $257.3 million in the second quarter.

For more information, contact:
Joshua Brant, Senior Research Analyst… Read More

U.S. Investment Outlook Report | 2Q 2016

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USInvOut

Nine months of bumpiness in the financial markets, driven largely by the slowdown in China, oil pricing and, most recently, the Brexit, continued in Q2, but is showing signs of calming. While this has impacted deal flow in 2016 and uncertainty remains around the upcoming U.S. election, real estate capital markets are starting to normalize after… Read More