Category Archives: Multifamily News & Trends

Valuable expert-provided insight for investors of multifamily property located within the Phoenix market.

ConTech’s: The startups that are changing the world of construction

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Venture capitalists invested $1.05 billion in global construction technology (ConTech) in the first half of 2018. The investment volume of 2018 is already up nearly 30 percent over the 2017 total – and there’s still another six months left in the year. ConTech’s growth is enticing to users and investors alike, with investment growth actually outpacing overall tech startup investment growth in the United States.

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Vacancy rates beginning to flatline despite continued economic activity

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In the midst of one of the longest economic expansions, overall vacancy rates continue to fluctuate.

 

Core vacancy rates are the highest, however, class A office and multifamily developments and ASU’s growing Downtown campus will begin to attract an educated workforce to live, work and play. Block 23 leads Downtown’s overall class… Read More

Value-add apartment communities attract investment to metro Phoenix

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JLL’s Capital Markets experts have arranged the sale and financing of a portfolio of six metro Phoenix apartment communities on behalf of a fund managed by DRA Advisors LLC of New York City and their joint-venture partner, Dallas-based Milestone Group. The buyer was a leading global institutional investor. DRA first bought the 1,751-unit portfolio in 2012.

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Phoenix metro sustains healthy population growth

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The Phoenix Metropolitan area reached a total of 4.8 million residents and counting at the end of Q2 2018 and is currently the 11th largest metro throughout the country.

Although the city of Phoenix will remain the major population center for the region, Chandler and Gilbert are making large strides… Read More

Lou Newman adds to the Valuation and Advisory team in Phoenix

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The Phoenix office Valuation and Advisory team has a new teammate, Senior Vice President Lou Newman. Lou has joined Vice President Stephanie Rinard to help grow the Valuation and Advisory platform in Phoenix. We sat down to get to know them better.

What is valuation and advisory services and how does it differ fromRead More

JLL Phoenix adds new Multifamily team to the mix

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The JLL family welcomes Managing Directors Matt Steffen and Brandon Harrington, Senior Analyst Brittain Mandy and Transaction Manager Michelle Teeling to the Phoenix office. The team of four brings a new service line to the Phoenix office, Multifamily, Debt and Equity. We sat down with the team to get… Read More

Congratulations to our 2017 Top Producers

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We are proud to recognize these outstanding professionals for their commitment to developing enduring client relationships built on excellent service, collaboration and trust. Their collaborative efforts to make sure their clients achieved their goals are truly a representation of our culture at JLL.

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JLL’s Chief Economist shares his view on today’s U.S. economy and its impact on Phoenix

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JLL Chief Economist Ryan Severino recently visited Phoenix to present his views on today’s U.S. economy and the impact national conditions may have on the Phoenix commercial real estate market. Here are his top 4 takeaways.

1.Goldilocks economy should continue, with the potential for upside depending upon policy.

Global growth continues to accelerate… Read More

Phoenix multifamily led secondary market activity in Q2 2017

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Optima Kierland

The significant decline of transactions in primary markets has sustained strong liquidity in secondary and even tertiary markets. As a result, secondary markets comprised 44.6 percent of total multifamily transaction volumes at midyear, a record for this indicator if analyzing the past nearly two decades. Phoenix and Denver led… Read More

Deadlines to appeal property taxes is fast approaching

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As the real estate market continues to appreciate in value, commercial real estate owners are advised to review and, if prudent, appeal property tax assessments. Counties in Arizona, Utah and California have or will be issuing assessment notices and hearing appeals in the fall providing an opportunity for commercial… Read More