Yearly Archives: 2018

Commercial Real Estate News Brief: April 2018

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Every month, JLL’s regional team curates the top commercial real estate industry articles to keep you in-the-know. In this month’s edition, JLL spotlights headquarters cities, smart buildings and how to accommodate today’s “on-demand” workforce.

What Makes a Headquarters City?

JLL CRE News Brief

Newspaper image via NS Newsflash.

According to an article from JLL Real Views, cost isn’t the sole differentiating factor for companies when deciding upon the location of their next headquarters space. Our experts highlight five factors companies take into consideration, including:

  1. Access to talent
  2. Proximity to customers and influencers
  3. Global transit links, with local transit options
  4. Local incentives or tax breaks
  5. Employee experience

Read More

Part Two: Six JLL Executives Named to Midwest Real Estate News Annual CRE Hall of Fame

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By: JC Pelusi, Market Leader, Managing Director, JLL

In part one of our two-part series on Midwest Real Estate News’ Annual CRE Hall of Fame, we shared more about three of our six Great Lakes Region honorees and what they enjoy most about the industry.

In part two of our two-part series, learn more about the final three honorees from our Ohio markets and how they’ve remained successful in the commercial real estate industry.

Editor’s Note: Originally published in Midwest Real Estate News’ Hall of Fame issue.Read More

Part One: Six JLL Executives Named to Midwest Real Estate News Annual CRE Hall of Fame

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By: JC Pelusi, Market Leader, Managing Director, JLL

We’re thrilled to announce that six JLL executives from our Great Lakes Region have been named to Midwest Real Estate News’ annual Commercial Real Estate Hall of Fame. We’d like to extend our congratulations to A.J. Weiner, Managing Director in Detroit, Bob Horn, Senior Vice President and Assistant Director in Grand Rapids, Joe Messina, Executive Managing Director in Cleveland, Collin Wheeler, Senior Vice President in Columbus, Doug Owen, Senior Vice President in Louisville, and Bill Poffenberger, Managing Director in Cincinnati.

Each of these six executives has their own unique skillset and is extremely talented, and well versed in their respective markets. In part one of our post, learn more about three of the six honorees and what they enjoy most about the industry.  

Editor’s Note: Originally published in Midwest Real Estate News’ Hall of Fame issue.Read More

Investors Drive Success in Pittsburgh’s Historic Buildings with Renovations

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Pittsburgh Renovations Report

Newly designed dynamic meeting space on the first floor of the Union Trust building in Pittsburgh.

Outside investment has been strong the last three years in Pittsburgh. As new owners are entering the market, they are breathing new life into the old office product and helping Pittsburgh keep pace with modern real estate trends.

Out of the current 28 office renovation projects, 11 have been completed. Thus far, the Union Trust Building has benefited the most. With just 39% occupancy when purchased out of bankruptcy in 2014, today the Trophy Class building is seeing over 91% occupancy; a more than 133% increase.… Read More

Pittsburgh Commercial Real Estate News Brief: March 2018

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In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting Pittsburgh.

Pittsburgh Ranks in Top 20 Best Cities for Millennials

Pittsburgh was named on Niche’s Best Cities for Millennials list, landing in the no. 12 spot and surpassing cities like Chicago, Portland, Austin and Atlanta. The list takes into a count a number of factors to determine each city’s ranking, including:

  • Access to bars and restaurants
  • A city’s walkability
  • Ethnic, generational and economic diversity
  • Cost of living
  • A city’s higher education rate

Read More

Louisville Commercial Real Estate News Brief: March 2018

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In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting Louisville.

Louisville Unveils Strategic 20-Year Growth and Development Plan

Louisville Metro Government released its comprehensive 20-year plan focused on land use, growth and development in the region through the year 2040. The new plan builds off of Cornerstone 2020—the plan used to guide the region from 2000 to 2020.

The 20-year plan focuses on walkability, green space, varying methods of efficient transportation along with a heavy focus on affordable housing development. Other pieces of the plan put emphasis on the potential redevelopment of vacant or abandoned lots and housing.… Read More

Michigan Commercial Real Estate News Brief: March 2018

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In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting Ohio markets, including Ann Arbor, Detroit and Grand Rapids.

Historic Retail Site Along Detroit’s Avenue of Fashion Gets a Makeover

Developer Matt Hessler recently broke ground on an $8.3 million redevelopment project on the site at Livernois and Seven Mile Road in Detroit—the site of the former B Siegel department store. While the former store undergoes renovations, approximately 20,500 square feet of commercial space and 10 multifamily units will be developed between within a two-story building along Steopel Street and Livernois.

In addition to the commercial retail and residential space, underground parking will also be available for tenants and visitors.… Read More

Ohio Commercial Real Estate News Brief: March 2018

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In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting Ohio markets, including Cincinnati, Cleveland and Columbus.

Cleveland Emerging as a Healthcare Technology Leader

Cleveland is already a flourishing healthcare hub, but in the era of big data, it may surface as healthcare technology leaders as well, according to Healthcare Analytics News. If this rings true, both the local economy and human health will benefit.

Artificial intelligence (AI) marrying healthcare data is creating jobs and Cleveland plans to use this economic development to improve the region’s healthcare disparities. The intention is to invest in human potential in the area by assisting the staggering amounts of Cleveland residents living with physical and mental disabilities.… Read More

Commercial Real Estate News Brief: March 2018

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Every month, JLL’s regional team curates the top commercial real estate industry articles to keep you in-the-know. In this month’s edition, JLL spotlights rising last mile delivery, open office concepts and data center trends.

Retailers Takeover Delivery to Meet Customer Expectations

JLL CRE News Brief

Newspaper image via NS Newsflash.

Retailers big and small rely on customer relationships to grow their business. In return, customers increasingly expect more efficient and effective order fulfillment and delivery. An article from JLL Real Views explains why and how retailers are focusing on the last mile of delivery to gain greater logistical control.

While few have taken action and implemented hands-on delivery due to cost, retailers recognize that current methods will soon be obsolete in the eyes of customers. Collaboration may be the solution needed to combat time and profitability pressures, and impress customers during one of the most crucial components of the purchasing process.… Read More

JLL People to Know Spotlight: Stephen Morris

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Stephen Morris works as an Associate in Office Landlord Representation in the Cleveland office of JLL. 

Courtesy of JLL

What are your key responsibilities?

As a Landlord rep, I’m constantly ensuring we’re marketing a property accurately with every tool available. More importantly, it’s my job to thoroughly understand clients’ (the landlord’s) key goals and to ensure these goals will be achieved when communicating with the brokerage community and customers.

When did you join JLL?

Just over two years ago. It was my first job out of school and I love it. It’s exciting, fun and challenging at the same time.

Where are you originally from?

Born and raised in Cleveland.… Read More