JLL launches Property Assistant AI solution for real estate owners
JLL (JLL) announced JLL Property Assistant, an artificial intelligence assistant designed for real estate owners spanning retail, industrial, and office properties. Leveraging the power of JLL Falcon, its AI platform, JLL Property Assistant offers actionable insights and AI-derived recommendations to optimize property performance. The tool works with Acumen, JLL's property and business intelligence platform, and is designed to deliver AI-powered recommendations for improving performance in areas from operations to tenant sentiment.
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Business Wire
3 days ago
- Business Wire
Barings Provides $548.5 Million Loan to Refinance National Multifamily Portfolio Developed by Thompson Thrift
CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings, one of the world's largest diversified real estate investment managers, today announced it has provided a $548.5 million loan to refinance a portfolio of nine multifamily communities totaling more than 2,500 units across six states: Arizona, Colorado, Missouri, Minnesota, Michigan, and Florida. The portfolio is owned by Thompson Thrift, a nationally recognized real estate development firm, which delivered the assets between Q1 2024 and Q2 2025. 'We're excited to partner with Thompson Thrift, a proven leader in the development of Class A multifamily product,' said Daniel Hedgepeth, Director at Barings. 'This portfolio represents the type of high-quality, well-located real estate we seek to finance—backed by experienced sponsorship and well-positioned for strong performance in today's market.' The properties range from 91 to 344 units and feature luxury amenity packages and premium interior finishes. Each community is strategically located near major retail corridors and employment hubs, reinforcing long-term demand in high-growth multifamily markets. JLL Capital Markets served as exclusive advisor to Thompson Thrift on the transaction. The team was led by Mark Gibson, Matthew Lawton, Danny Kaufman, Medina Spiodic, and Mackenzie Jones. This financing expands Barings' $23.79 billion* real estate debt platform, which leverages the firm's direct origination capabilities and deep credit expertise to invest in loans secured by institutional-quality commercial real estate. About Barings Barings is a $442+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets, and capital solutions. *Assets under management as of March 31, 2025 About Thompson Thrift Since its founding in 1986, Thompson Thrift has grown from a locally focused development and construction company into a full-service, integrated enterprise with a national scope. From its offices in Indianapolis and Terre Haute, Indiana; Denver; Houston; and Phoenix the company is engaged in all aspects of development, construction, leasing and management of quality multifamily and commercial projects. The company earned national recognition as a winner of a 2025 Top Workplaces USA award, the latest accolade that reflects the company's ongoing commitment to excellence in the community and workplace. For more information, please visit About JLL For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit
Yahoo
3 days ago
- Yahoo
Facility teams must align with the businesses they serve, experts say
This story was originally published on Facilities Dive. To receive daily news and insights, subscribe to our free daily Facilities Dive newsletter. Hybrid work has sparked a balancing act between employers and employees, driving facility leaders to create workplaces that satisfy both parties' needs, according to a series of global workplace and occupancy insight reports by CBRE and other analyses by integrated real estate management firms. Employees have become accustomed to choosing where to work, so employers must think about how flexible space can help them draw workers to the office, leaders at JLL said during a webinar on commercial real estate trends and rethinking space for smarter workplaces in 2025. Buildings need spaces, services and other amenities that are specific to the business to draw employees into the office, according to Chris Zlocki, head of client experience and executive vice president of occupier services at Colliers. 'It's really this whole microcosm of the environment that the office is in, the building itself, the office itself and the work you're doing,' he said. In the past, you could define a triple-A property based on the building itself, the space provided and amenities associated with it. Today, there is more complexity, with employees looking more at the environment or neighborhood, Zlocki told Facilities Dive 'When it comes to transportation, walkability, outdoor space, great amenities that are not only in the building but surrounding it, that becomes the first step in defining what's working,' he said. 'Because we're still competing with a hybrid world. What's the value of people coming into the office if they feel that they don't need to come in?' Obsolescence risk is a growing issue in the office sector, too, with tenants moving from lower-class to higher-class buildings, JLL said in a May report. Factors that lead to obsolescence include a lack of amenities, the absence of structural flexibility and poor energy performance, the report says. The spread in vacancy rates between prime and non-prime vacancy rates grew by 4.4 percentage points in Q1, CBRE said in its Q1 U.S. office report, reflecting a strong preference for quality buildings in well-connected, amenity-rich locations, CBRE said. The rates are now 14.8% for prime and 19.2% for non-prime. Owners and operators must consider the limited demand for class B and C assets or the lack of supply of top-tier assets in future forecasting and long-term planning, JLL said in its report. To help navigate these challenges, Colliers in May launched Portfolio AI, a tool within the Colliers360 business analytics suite that gives building owners and portfolio managers analytics, predictive modeling and market insights that can help them optimize space. By using AI-assisted cost modeling to look at real estate footprints, Portfolio AIcan help operators with site-specific recommendations and give advice on what workspaces can be consolidated, which properties can be eliminated and what capital expenditures make sense, Colliers says in a May 27 release. Prior to Portfolio AI's launch, Colliers tested it across a global dataset of over 1,500 locations totaling approximately 100 million square feet and about $1.5 million in annual real estate costs. Almost half of the locations could benefit from strategic adjustments recommended by the tool, with approximately 10% in cost savings, Colliers said. 'What we're trying to do is help clients get as rational as they can be in terms of the amount of spend they have, as well as balancing that against the right type of employee experience,' Zlocki told Facilities Dive. 'What is the capital expenditure that goes along with a move and the ROI associated with it? 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Business Journals
5 days ago
- Business Journals
JLL report reveals Northern Virginia remains the most dominant data center market
Northern Virginia (NoVA) continues to dominate the data center landscape, according to JLL's latest North America Data Center Report. With unparalleled inventory, record-breaking absorption and a robust development pipeline, NoVA is poised for sustained growth. Record-breaking absorption and low vacancy Northern Virginia experienced a groundbreaking year in 2024, setting new benchmarks for the data center industry. The market absorbed a staggering 847 MW in the second half of the year alone — an all-time high that surpassed many other entire markets' annual totals. "Northern Virginia's data center market continues to outperform all expectations," says Matt Gallagher, executive managing director at JLL. "With 4,934 MW of existing inventory and vacancy rates hovering around 0.6%, NoVA remains the largest and most competitive data center market in the world by a significant margin." expand JLL Unmatched scale and future growth potential Northern Virginia's data center inventory of 4,934 MW significantly surpasses other major markets, with Dallas-Fort Worth — the next largest market in North America — coming in at less than 25% of NoVA's size. The region shows no signs of slowing down, with 1,071 MW currently under construction, 5,446 MW planned for future development and preleasing activity at an all-time high, as evidenced by the 87% preleasing rate for inventory coming on-line in 2025-26. These figures underscore NoVA's continued dominance and appeal to hyperscale and enterprise clients alike. expand Evolving landscape: Challenges and opportunities While Northern Virginia's data center market remains robust, it faces unique challenges and opportunities. Grid connection wait times now average four years, prompting innovative solutions like on-site power generation. Spatial limitations and regulatory changes are influencing a 'shift south' along the I-95 corridor. Demand is spilling over from established markets into nearby metros in Central and Southern Virginia, such as Richmond. Despite these hurdles, Northern Virginia's data center ecosystem remains unparalleled. "The combination of robust infrastructure, proximity to major internet exchanges and a deep talent pool continues to attract global technology leaders and drive innovation in the region," notes Gallagher. Emerging trends to watch include southward expansion, with over 3,200 acres south of traditional NoVA submarkets now positioned for data center development, offering new opportunities for growth. Additionally, increasing competition for "by-right" development sites is spurring creative approaches to secure viable locations. Northern Virginia remains the most dominant data center market in the world, with continued strong demand, extremely low vacancy and significant planned expansion despite shifting market dynamics. As the industry evolves, NoVA is poised to maintain its leadership position through innovation and strategic growth.
