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LAS VEGAS — An awkward moment occurred at a panel on diversity at the International Council of Shopping Centers' RECon convention here last week. JLL CEO of Americas John Gates said he encourages his midlevel and senior executives to remove unconscious bias, embrace diversity, provide mentorship to women and minorities and for the promotion of diversity to be part of the company's workforce culture and values. Yet, when an attendee asked him how many of these JLL leaders or hiring managers were in attendance at the panel, Gates paused, then responded “None.” 
Gates' answer is a reflection of what many of the minority attendees say is indicative of their experience in the retail and commercial real estate industry. “You can say you embrace diversity and all that but how many of your…
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DFW Industrial Property Owners Saw Tax Bills Go Up 23% Over Last 5 Years
The value of industrial properties is going up in the Dallas-Fort Worth region, and contrary to the national norm, property taxes are soaring as well. Higher property values should mean lower tax rates because it takes less effort to generate the…
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Toyota Music Factory Tenant Abruptly Shutters, Blaming The Property
The Toyota Music Factory has been lauded as the next big thing in retail: an inimitable mixed-use, entertainment-focused destination done right. But a tenant inside the property has abruptly closed its doors and leveled accusations against the landlord and property itself…
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More Developers, Investors Turning To Parking As An Industrial Product TypeTom Barbera formed Industrial Outdoor Ventures in January 2017 with one goal: to carve a niche within industrial real estate from truck and trailer lots, container yards and freight terminals. The assets he is considering are parking only — no property on-site beyond maybe some truck repair services — often where access to warehouses is short. Trucks from haulers and shipping and logistics companies can park there short or long term. After nearly 18 months, Barbera's confidence in the product type has begun to pay off. IOV has acquired nine assets in Atlanta, Chicago, Dallas, Houston and Denver, totaling $60M in deal volume, a solid start toward his long-term goal of controlling $500M in assets within five years. |
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