Category Archives: Development

Face of the city in midst of major upgrade

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COW_San Diego_development_Aug 12 2016The downtown San Diego waterfront is undergoing major changes which will transform the face of the city. These highlighted projects do not include the recent upgrades to Ruocco Park and the esplanade, or other recent developments adjacent to the waterfront. These waterfront projects are the most visible aspects of a genuine transformation which… Read More

San Diego’s Multifamily Investment Outlook

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townhomes

After two consecutive record-setting years of U.S. multifamily investment, investor appetite for product remains strong with sentiment cautiously bullish heading into 2016, according to the JLL’s 2016 Multifamily Perspective Report. Executive Vice President, Darcy Miramontes discusses with GlobeSt.com how this is playing out in the San Diego market.

Nationally, multifamily developments remain heavily concentrated in the Central Business… Read More

2015 was a banner year for post-recession construction activity.

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U.S. constuction

  • Office space under construction peaked at 92.8 million square feet.
  • Industrial construction was the shining star as consumer confidence grew.
  • Construction costs increased in primary office markets, driven by skyrocketing labor costs, which motivated growth in secondary markets.

JLL’s Construction Outlook report provides valuable insight into construction trends in the U.S. and JLL San Diego’s PDS Market Lead, Julie… Read More

San Diego’s Life Sciences Market Poised for Further Growth

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Life Science Completed Transactions

The San Diego life sciences market continues to be a major player both nationally and globally. The region is home to more than 600 life sciences companies and over 80 research institutes that employee around 50,000 people. Biotech employment grew by 6.6 percent during 2015, the highest posted growth rate for the local industry since 2005 and… Read More

There is an ‘I’ in this team: The IDEA1 Team – a case study in collaboration

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CREW San Diego recently invited JLL San Diego to make a presentation about “IDEA1” – focusing on the collaboration and creativity that has gone into this unique project.

CREW2

(left to right): Bess Wakeman, JLL; Steve Adams, LaSalle Investment Management; Darcy Miramontes, JLL; Lynn LaChapelle, JLL; and, Mike McNerney, Lowe Enterprises.

Located in San… Read More

IDEA1 – A Case Study in Collaboration and Creativity Hosted by CREW [EVENT]

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IDEA1 represents the next generation in mixed-use and multifamily development in San Diego. Five years after this concept was first conceived, the speakers will be pulling back the curtain and delving into the process of creating IDEA1. Their story will highlight the hurdles they overcame and the dedication of each team member to bring this new development project to fruition.

You won’t want to miss the opportunity to hear these amazing people:

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San Diego Civic veteran Andrew Phillips joins JLL

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Andy PhillpsTo bridge the gap between available public resources and the cost of required infrastructure and services, public authorities are increasingly turning to Public-Private-Partnerships (P3). To help answer this need, JLL has hired Andrew Phillips, an eleven-year veteran of Civic San Diego, formerly the Centre City Development Corporation, to join JLL’s Public Institutions team in California as a Vice President.

In his new role and based… Read More

The impact of foreign investment on the U.S. Skyline

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The skylines of the U.S.’ great gateway cities have always been a welcome sight to those looking to make their mark in the land of opportunity.

And although they’ve evolved over the years, these skylines still have a special draw for investors looking for a good home for their money.

Foreign investors now represent two of every five dollars invested in U.S. Skyline property, according to JLL’s recently released 2015 Digital Skyline. Those cross-border dollars… Read More

Ballpark Village Hits a Home Run into San Diego’s Skyline

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Ballpark Village tower rendering
A constrained pipeline paired with strong job growth has investors confident in San Diego’s multifamily prospects. On behalf of JMI and Lennar, JLL’s Capital Markets experts today announced Greystar has purchased Ballpark Village Parcel C2, a development site that is part of a larger master-planned development located in downtown San Diego. The… Read More