JLL has promoted three brokers in its San Diego office, Tony Russell, Chad Urie and Misty Moore. Previously Executive Vice Presidents, both Tony Russell and Chad Urie were promoted to Managing Director, while Misty Moore was promoted from Vice President to Senior… Read More
Last week, we introduced the first of four themes from the 2015 JLL Global Corporate Real Estate Report. This week, we introduce Theme 2: Integration.
Interaction and integration with other business functions and stakeholders is a growing need, but it is a strong feature of only a few CRE teams.
While there is strong intent to transform the structure of CRE teams, these… Read More
The Millennial generation is having a profound impact on the built environment under construction in 2015, according to a new report from JLL tracking national construction trends. Throughout 2015, tenant improvement (TI) – or the renovation of existing space – has been a bright spot in the construction industry, even as labor and construction… Read More
Over the last six years, JLL has captured the voice of the corporate real estate (CRE) community, including 540 CRE executives from more than 350 companies and 36 countries, to provide powerful insights into the current status and future direction of the industry.
The findings from our 2015 report are summarized into four themes: 1. Centralization, 2. Integration, 3. Expectation and 4. Outsourcing. We expand upon Theme 1… Read More
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
Bisnow’s Power Women project highlights women who are changing the shape of American cities. These women are pushing boundaries as well as changing the built environment and the commercial real estate industry. They are leaders and role models who are inspiring… Read More
There’s no space like Skyline space. The premier office towers that make up San Diego’s skyline boast—by far—the most expensive office space to rent downtown, garnering 10.1 percent more than non-Skyline space, according to JLL’s 2015 Skyline Review. Average Skyline rates in the first quarter of 2015 were $29.66 per square foot compared to $26.94 per square foot in non-Skyline buildings downtown. This… Read More
REAlliance, LLC purchased a 27,239-square-foot medical office building in San Diego’s Kearny Mesa submarket from Daley Industrial Venture, No. 5 for $4.63 million. The property is located at 9737 Aero Drive.
JLL’s Chris Ross, Paul Braun and Kelly Moriarty and Colliers International’s Richard Lebert and Matt Zimsky represented the buyer, while Brandon Keith and Randy LaChance from Voit Real Estate Services represented the seller.
This property is a great example of a growing… Read More
By Paul Braun, Chris Ross, and Kelly Moriarty
JLL San Diego | Healthcare Practice Group
- Leasing activity is steady. Vacancy is gradually dropping. Rents and prices everywhere are up and will keep climbing. Investment property and owner-user demand is sky-high but good opportunities are limited. On-campus MOB and hospital construction is significant while off-campus development is mostly limited to pre-leased buildings.
- Owner-user sale activity is at … Read More
Rent continued to increase as the supply of large blocks and high-end Class A space continued their decline.
- The San Diego office market reported slightly negative net absorption of 5,258 SF this quarter.
- 4.0 million SF of tenants are currently in the market, the majority of which are technology companies. 3.3 million SF of … Read More