JLL is advancing its operations in North Texas after purchasing Integra Realty Resources. “IRR – Dallas brings a strong track record in capital markets valuations, eminent domain, and the seniors housing and healthcare sectors,” said John Gates, JLL’s CEO of Markets for the Americas.
The Limited becomes another retailer to suffer from declining foot traffic in malls. A longtime staple in shopping centers, the company announced they are planning on shutting down the business unless a buyer can be found.
Office space in energy dependent areas of the US will likely continue to suffer as oil prices drop worldwide. The shrinking energy companies have left nearly 23 million sq. ft. of sublease space in the top seven North American markets.
On Jan 6, the George Lucas Museum team will decide between San Francisco and Los Angeles as the site of the $1 billion project. ““It seems to be going smoothly from our end,” Adam Van de Water, a project manager for the City and County of San Francisco, told the Chronicle. “We are doing our due diligence and hoping for the best.”