Monthly Archives: April 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

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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