Author Archives: JLL Spaces

Columbus’ Technology and Startup Scenes are On The Rise

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By: Andy Effler, Senior Associate, Tenant Representation, JLL

Editor’s Note: This article was originally published on the Columbus Chamber of Commerce’s blog.

It would be hard for a big venture fund to look me in the eyes and tell me that Columbus is still considered a “flyover city.” In fact, a strong argument can be made that Columbus has landed (pun intended) on the map for viable startup companies and venture funds looking for a hot Midwest startup ecosystem to launch, join or invest in. What’s more, beyond the headlines of venture backed startups, there are big waves coming out of the arts, food, beverage and fashion companies that are enriching our city. I’m confident in saying that we are crafting the right recipe for a very bright future in Columbus.… Read More

The 411 on the 412: What You Need to Know About Pittsburgh’s Bustling Market

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By: Tobiah Bilski, Director of Research, JLL 

One tangible way to see the economic health of a market is by looking at the real estate. While often thought of as a steel city, today Pittsburgh is a region that demonstrates deep sector diversity with software, robotics, medical devices, biotechnology, healthcare, information technology, business services and energy driving the economy. 

The 411 on the 412 was developed to provide an overview of the Pittsburgh market. Download the report and explore the largest development sites, how downtown retail is thriving and how the workforce is changing the game.

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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

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

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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