Category Archives: Retail

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

Qualcomm move frees up large blocks of space in San Diego’s Technology Hub

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Towers2

On the heels of its recently-completed overhaul of Enclave Sorrento, California-based McCarthy Cook, in partnership with New Jersey-based Prudential Real Estate Investors, is underway with major renovations at The Towers, a four-building office campus located just off the 805 Freeway at Mira Mesa Boulevard in San Diego’s Sorrento Mesa technology hub.

Designed by Gensler, exterior improvements are… 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. Graymark Capital, which… Read More

Growth in the construction industry is “building” and expected to continue through 2017 [SLIDESHARE]

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In late 2014, oil prices experienced significant declines due to oversaturated supply and a slowdown in global demand. Prices have since stabilized but at depressed levels. Materials prices were projected to drop in correlation with oil, but high demand for most major construction inputs has kept prices up overall.

Low gas prices typically drive an uptick in demand for retail, e-commerce, and industrial real estate. However, shipping costs remain high due to a decline in… Read More

Which Property Sectors Does Tourism Affect?

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In Part 1 of this story, GlobeSt.com explored the impact of tourism on San Diego’s economy. In Part 2, we speak with experts on the local commercial real estate market exclusively about which property sectors are most affected by tourism and how.

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In examining where tourism reaches most significantly, it’s hard to overlook the hospitality industry. As… Read More

United States Employment Update – March 2015

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March-2015-employment-update-6The national labor market continues to add jobs and maintain the momentum gained over the past few quarters, with 295,000 jobs added in February alone. Year-to-date, the economy has already seen 534,000 new jobs and is poised to sustain this level of growth over the next 12 to 18 months as other macroeconomic indicators, from consumer… Read More

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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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

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