Midwest Real Estate News Recognizes JLL Experts in Its 2015 Commercial Real Estate Hall of Fame

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By: JLL Spaces

It’s official: Midwest Real Estate News has selected its sixth annual class of the Midwest Commercial Real Estate Hall of Fame (2015). Great Lakes leadership would like to congratulate JLL professionals included on this year’s roster: Rusty Myers, Executive Vice President in Cincinnati and Dan Wendorf, Managing Director in Columbus.

Both are exceptional leaders and producers in the Ohio marketplace, serving as go-to resources for commercial real estate insights locally and nationally.

Below, both leaders took a moment to share personal motivators and market predictions in 2016.

Q&A: JLL CRE Hall of Famer Rusty Myers

Rusty Myers About Rusty Myers: Myers has 30 years of experience in the Greater Cincinnati real estate market. He specializes in tenant representation and agency leasing for office clients, and provides acquisition, disposition and development services. Myers has been involved in more than 250 real estate transactions, many exceeding $300 million in value.

Q: What do you enjoy most about your work in CRE?

Myers: I enjoy the variety of what we do in our day-to-day roles. It often ties together finance, marketing, real estate and other specialty areas. Each day is different, allowing you to use your expertise in a variety of areas to help clients succeed.

Q: Who has inspired you most in your professional career?

Myers: My father was a very strong role model for me. He set the stage for many experiences in my life. I was also extremely fortunate to work for the late Dave Tipton, who took me under his wing and mentored me. Tipton played a key role in establishing well known landmarks in Southern Ohio, including 525 Vine Tower, Park 50 and Governor’s Hill.

Q: What is your proudest moment of 2015?

Myers: We had great success leasing the Kenwood Collection during 2015. New tenants include the likes of Merrill Lynch, Neace Lukens, Unlimited Systems, RoundTower Technologies, and Coupons.com.

Q: What do you see ahead for your local market in 2016?

Myers: Good news in Cincinnati is that the market is at an equilibrium point. I foresee a stable year moving forward. Obviously, we have to watch where the domestic and global financial markets are going, but overall, we’re poised for another successful year.

Q: Do you have any advice for young professionals getting their start in the CRE industry?

Myers: That’s simple … find a good mentor.

Q&A: JLL CRE Hall of Famer Dan Wendorf

Dan Wendorf - hi resAbout Dan Wendorf: Wendorf is one of the top real estate producers in Columbus, with a sharp focus on industrial services both locally and nationally. As one of the founding members of JLL’s PAGI (Port, Airport, Global Infrastructure) Group, he has an awareness of and appreciation for the complexities involved in warehousing and supply chain networks.

Q: What do you enjoy most about your work in CRE?

Wendorf: I enjoy tackling different challenges every day. It’s also extremely rewarding to see our clients become successful, and experience mutual success through partnership.

Q: What is your proudest moment of 2015?

Wendorf: One of my most memorable projects in 2015, we helped NorthPoint Development break ground on a million-square-foot warehouse. JLL worked with the developer to acquire the land and build the warehouse. It was (and is) the largest ever warehouse built in the Midwest. We also helped the developer lease space, even before construction was complete. It was extremely gratifying to see the plan come to fruition.

Q: What is the greatest challenge you faced in the CRE market?

Wendorf: Each year is so different. It’s often tough to replicate success because of the tightening economy and shifting market conditions. For instance, investors purchased warehouses and saw success leasing them in 2015. Now, thanks to a tighter market, there will be sticker shock in terms of pricing. Overall, though, we just hope there’s nothing in the global economy that derails positive momentum in the commercial real estate market.

Q: What do you see ahead for your local market in 2016?

Wendorf: I’m predicting tremendous growth in both office leasing and ongoing development in the central business district. Just an example of what’s to come, the 250 S. High project was completed in Q4. I would also expect continued strong investment sales on the industrial side. Overall, Columbus will likely experience ongoing growth on a national scale.

Q: Do you have any advice for young professionals getting their start in the CRE industry?

Wendorf: You can never work too hard in this business. One thing you have is time so use it wisely and use a lot of it to help others around you be successful. If you are willing to keep your nose down and work hard, good things will come to you.

Connect with Rusty Myers and Dan Wendorf on LinkedIn, and check out the full list of MREN award winners.