Gensler’s Adam Griff Joins JLL’s Nonprofit, Education and Government Practice
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
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On the RET wire
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Adam Griff , formerly a strategy director at architecture and design firm Gensler , has joined JLL as a managing director in its nonprofit, education and government practice, Commercial Observer has learned. Griff has…
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