“We’ll be in retail by the end of the year,” he revealed, and in a post-presentation interview, he added that he will grow the unit much as he did with his recent hire of investment sales specialists from Cushman & Wakefield: “We want to find people who can see the opportunity in the market and at JLL.” Noting in his speech that when he came to the operation, it was a $12-million-a-year shop, he also stated that today JLL-NY has grown to $135 million annually and he’s targeting $200 million by 2014.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
