Monthly Archives: May 2015

JLL’s Jay Nugent featured on Biznow.com

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Jay.NugentJLL Senior Vice President Jay Nugent was featured in Biznow’s article “Why Retail is Driving Office Rents in OC.”  The article discusses the rising asking rents at buildings in close proximity to quality retail developments such as Fashion Island, which receives a 120% premium and the Irvine Spectrum Center at a 53%… Read More

JLL acquires retail brokerage firm Wilson Retail Group in Southern California

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5-15-15_WilsonRetailGroupAs consumer confidence continues to climb and economic prospects for retailers improve, JLL (NYSE: JLL) is getting a big boost to its retail business by acquiring Wilson Retail Group, a leading, independent retail brokerage and capital markets firm in Southern California. The transaction will enable JLL, already the nation’s largest third-party retail property manager, to provide a broader range of brokerage and investment sales… Read More

Orange County employment update │ April 2015

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5-4-15_OCEconomicOverviewOver the month of March, Orange County gained 9,800 jobs with the following sectors recording the biggest changes: Construction (+2,000); Manufacturing (+1,900); Education and Health Services (+1,900). Between March 2014 and March 2015, Orange County added 55,200 jobs. The County’s unemployment rate improved to 4.4% from 4.6% the month prior, remaining lower than the California (6.5%) and national (5.6%) rates. For more detailed information,… Read More

JLL’s Jeff Ingham featured on GlobeSt.com about growing Healthcare tech firms in Orange County

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Jeffrey InghamJLL’s Senior Managing Director, Jeff Ingham sat down with GlobeSt.com to discuss growing healthcare-technology firms in Orange County and their impact on the real estate market. The healthcare industry has become a driving force absorbing more space in Orange County and accounting for roughly 20% of active tenant demand. Ingham attributes this growth to “changes in population and Obamacare.” He adds,”The supply of patients… Read More