Large blocks of space dwindling in Century City as tenants snap up affordable options

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Nothing compares to the prestige of being in a premium office building – even if it comes with a sky-high cost. And this year, the price tag for space in one of North America’s Skyline buildings works out to an average of $44.55 per square foot – an all-time high.

In Century City, one of the top 10 most expensive skylines according to JLL’s latest Skyline report, available space is disappearing about… Read More

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Top Life Sciences Destination Trends in 2017

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Running a life sciences company today is a complex business—meeting the needs and demands of top talent while navigating an uncertain healthcare legislative landscape amidst rising costs. Despite the many challenges and costs pervading the industry, one thing is for certain—retaining talent is the top priority, and companies are prioritizing… Read More

Fewer bricks, more clicks, & virtual tellers: Five Changes on the Horizon for Branch Banks 

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The banking model of yesterday was all about the brand with the most locations—the “bricks”. Today, banks are measured by how effectively they deliver remote, anytime, anywhere access to their customers—the “clicks.”

The days of the bank branch being the most immediate and visible way customers interact with… Read More

Los Angeles coworking locations concentrated in high-rent submarkets

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Los Angeles coworking inventoryLos Angeles ranks third in the U.S. in terms of total inventory occupied by coworking companies. Most LA coworking companies are concentrated in tech-dense and venture-capital rich Westside submarkets, which command the highest rents. Shared workspace operators in LA have also been drawn to… Read More

Thinning Los Angeles office construction pipeline keeps market tight

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Los Angeles office construction pipeline

There are currently 14 projects totaling 2.4 million square feet of office space under construction in the greater Los Angeles market.

The bulk of these projects are expected to deliver in 2017, with one project spilling over to 2018.

Despite the large amount of square… Read More

Downtown Los Angeles retail: food and beverage and the Financial District lead

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Downtown LA retail: food and beverage and the financial district

Downtown Los Angeles is currently building 7,000 new residential units to keep up with demand for living in Downtown. With the increase in population, retail is also seeing an increase with several mixed-use… Read More

Foreign ownership concentrated on the Westside and Downtown Los Angeles

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Foreign ownership in westside and downtown los angeles'

Over the last five years, foreign buyers have acquired over $9.7 billion of office product in Los Angeles. The Westside and Downtown CBD markets have been primary recipients of international capital. Higher… Read More

Getting to know Tom McDonald

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Tom McDonald is an Executive Vice President based in JLL’s downtown Los Angeles office. As an industry professional with 38 years of experience, his primary area of business is advising law firms on how to drive their profitability by designing and implementing real estate strategies that compliment and support their unique operating models.

Pop-up stores: a sign of online retailers moving into brick-and-mortar

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JLL’s national research team has found that pop-up stores, which last from several days to several months, are often the first sign of online-retailers looking to lease longer term space.

pop-up stores; online retailers; brick-and-mortar

This trend is visible in Los Angeles as it has the second highest amount… Read More

Maturing commercial real estate debt will reach new peak in 2017

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Approximately $298 billion worth of commercial real estate loans are scheduled to mature in 2017, up from $263 billion in 2016.

cow_los-angeles2nov2016

CMBS totals are expected to reach $126 billion in 2017, up significantly as 10-year loans issued in 2006 and 2007 are coming due. CMBS delinquency rates have increased… Read More