Skip Ribbon Commands
Skip to main content

News release

LOS ANGELES, CA

JLL Expands Retail Brokerage Services into Beverly Hills

Retail high-street expert Houman Mahboubi joins the firm as a Senior Vice President


LOS ANGELES, March 7, 2016 – JLL today announced the firm has hired Houman Mahboubi as Senior Vice President to expand its Los Angeles Retail practice. Mahboubi brings unmatched relationships with highly respected landlords, restaurant groups, and various high-end retailers in Beverly Hills and throughout Southern California. In the last five years, Mahboubi has closed more than $100 million and five million square feet of transactions. He is joined by Associates Devin Klein, Greg Briest and Montrese Chandler. They will be based in the firm's Century City office.

“High street retail in Beverly Hills is a specialized niche market that takes years to create a presence," said Peter Belisle, Southwest Market Director, JLL. "Houman is a premiere broker in this area and we are confident that he will provide tremendous value to our clients as they look at this crucial market for expansion and investment." 

The hiring of Mahboubi is the most recent move by JLL to expand its retail platform. In the last year, JLL has grown its retail brokerage business across major markets, acquiring HMS, Inc., Wilson Retail, Shelter Bay Retail Group, Martin Potts & Associates, Inc., and Big Red Rooster to deepen its talent bench.  

"In the last 10 months our Los Angeles Retail brokerage practice has created a strong foothold in the market, and Houman will complement our continued growth," said Naveen Jaggi, President of Retail Brokerage, JLL. "Houman and his team have forged a desirable tenant representation service model for luxury to aspirational consumer brands, providing a strategic approach to their real estate needs.”

Mahboubi joins JLL with more than 15 years of experience in high street retail, representing some of the world's premier brands. Prior to JLL, he was a Managing Partner at a premier Beverly Hills commercial real estate firm. Mahboubi holds a bachelor’s degree from the University of Southern California. He also serves as a member of the city’s Rotary Club, Chamber of Commerce, Economic Development Committee (EDC) and Rodeo Drive Committee.

JLL’s retail business serves as an industry leader in retail real estate services. The firm’s more than 800 dedicated retail experts in the Americas partner with investors and occupiers around the globe to support and shape investment and site selection strategies. Its retail specialists provide independent and expert advice to clients, backed by industry-leading research that delivers maximum value throughout the entire lifecycle of an asset or lease. The firm has more than 130 retail brokerage experts spanning more than 30 major markets, representing more than 680 retail clients. As the largest third party retail property manager in the United States, JLL is currently handling the management, leasing and/or disposition of more than 710 centers, totaling 83 million square feet specializing in regional malls, lifestyle centers, grocery-anchored centers, power centers, central business districts, transportation facilities and mixed-use projects.  For more news, videos and research from JLL’s Retail Group, please visit: www.jllretail.com

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.