JLL’s Strategic Acquisition and Urban Revitalization Efforts in Real Estate

In this episode, we discuss JLL's acquisition of Raise Commercial Real Estate and its impact on leasing technology in the commercial real estate sector. We also explore the challenges faced by the Dayton's Project in Minneapolis as it comes under new management, and the recent sale of historic Main Street buildings in Norwich aimed at creating apartments and storefronts. Additionally, we highlight the sale of a South Baltimore industrial property and its significance in the logistics landscape. Join us as we analyze these developments and their implications for the future of urban real estate.

Sources:
https://www.connectcre.com/stories/jll-acquires-raise-commercial-real-estate-expands-leasing-tech-platform/
https://www.bizjournals.com/twincities/news/2024/10/02/daytons-project-downtown-minneapolis-receivership.html
https://www.southbmore.com/2024/10/02/south-baltimore-industrial-property-sells-for-3-86-million/
https://www.theday.com/local-news/20241002/historic-main-street-buildings-sold-in-norwich-buyers-hope-to-create-apartments-storefronts/

Outline:
(00:00:00) Introduction
(00:00:43) JLL Acquires Raise Commercial Real Estate, Expands Leasing Tech Platform
(00:03:05) Receiver takes control of Dayton's Project in downtown Minneapolis
(00:03:33) South Baltimore Industrial Property Sells for $3.86 Million
(00:06:10) Historic Main Street buildings sold in Norwich; buyers hope to create apartments, storefronts