JLL announced today that Richard B. Hodos, a veteran retail broker based in New York City, has joined the company as Vice Chairman, Retail Brokerage, and will be based at the company’s Manhattan headquarters. He will be joined by longtime employee Michael Remer, who will serve as vice president of retail brokerage.
The two join JLL from CBRE, where Hodos was ranked the #1 retail brokerage in America for two consecutive years, and together bring nearly four decades of experience providing full-service real estate advice to global brands, national retailers and high-profile landlords With.
“Richard is a pioneer in retail real estate. In particular, his extensive experience and relationship-focused leadership in the luxury market will be a tremendous asset as we continue to strengthen our capabilities in New York and beyond,” said Naveen Jaggi, President Retail Brokerage, JLL.
“I have had the privilege of knowing and respecting Richard Hodos for many years. The entire JLL Retail team is excited about the opportunity to work with Richard and Michael in the future. They are high-profile individuals both personally and professionally, and their view of the business and relationships align very well with JLL’s approach,” said Patrick A. Smith, Vice Chairman, Retail Brokerage, JLL New York.
Prior to CBRE, Hodos was President and co-founder of Madison HGCD where he worked with some of the world’s most recognized retail brands including Michael Kors, Calvin Klein, Tiffany & Co., Coach and L Brands (Henri Bendel, Victoria’s Secret, bath and body works) . He previously worked for The Lansco Corporation, where he was instrumental in the initial launch of Sephora stores in the US, and worked with the Onassis Foundation and Versace to secure space on Fifth Avenue. He began his real estate career in New York at the Edward S. Gordon Company after moving to the city from Pittsburgh where he worked at The First City Company, developing and leasing upscale shopping centers.
Hodos is credited with contributing to the re-merchandising of Fifth Avenue that turned the stretch from 49th to 60th Streets into “the most expensive street in the world”. He worked with Tishman Speyer to redesign Rockefeller Center for the 21st century and advised the World Trade Center Oculus on retail store leasing while completing transactions with pension funds, corporate institutions and global brands.
Remer has worked with Hodos at CBRE since 2017, representing retail tenants and landlords across the city. Together they garnered the Real Estate Board of New York’s most brilliant deal of the year for bringing The Wizarding World of Harry Potter to 935 Broadway in a 2019 deal with Warner Bros. In the past year, Remer has completed transactions totaling over $100 million in gross consideration with retailers including Versace, Valentino, Michael Kors and Reza Jewelers.
Previously, Remer was a commercial leasing agent at The Corcoran Group and before that an investment advisor at US Trust, Bank of America.
“There is tremendous opportunity in retail as shoppers demand better experiences,” Hodos said. “We are very excited to advance our efforts with JLL, a company whose culture and world-class platform supports our delivery of world-class customer services.”
Hodos and Remer’s arrival at JLL comes a month after Nicki Hines joined the company as Executive Managing Director, Retail Corporate Services. Hines is recognized as a leading expert in international retail whose work with brands such as Coach, Microsoft and Nike has made her a go-to resource for groundbreaking concepts, strategies and engagement guidelines.