Tag Archives: Airport & Global Infrastructure (PAGI)

Four reasons why 2014 will be ‘The Year of the Distribution Center’

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2014-Research-Report-The-Year-Of-The-Distribution-CenterFour trends driving demand, development and delivery of distribution centers across North America

Industrial markets nationwide have been recovering for almost four full years, with 15 consecutive quarters of positive net absorption. Last year marked a five-year net absorption high with 168 million square feet, and current forecasts suggest it could top 180 million square feet in 2014.

Demand is red hot in the “big logistics corridors”… Read More

Optimism returning to Phoenix’s Industrial market

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Honsaker-blogNOTE: The following post originally appeared in Western Real Estate Business Magazine.

By Bill Honsaker
Managing Director, Industrial
Jones Lang LaSalle

Compared to prior years, 2013 was a time of caution for the Phoenix industrial market. We’d just come off of three years of many large national and global users recognizing the vulnerability of Phoenix’s industrial inventory and taking advantage of those fundamentals to strengthen… Read More

Perfect Partners: JLL’s Mark Detmer and Bo Mills

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JLL Industrial Capital Markets experts, Mark Detmer and Bo Mills, were recently profiled in Commercial Executive Magazine‘s cover story on perfect partnerships.

Now the Heads of Industrial Capital Markets for JLL’s Western U.S. Region, Detmer and Mills got an unlikely start in the commercial real estate industry working at a small firm without the traditional junior-senior partner… Read More

Phoenix Industrial Highlights | Q4 2013

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IndustrialHighlightsPhoenix is poised to see strong growth in 2014 as job growth and housing continue to drive absorption gains and the recovery begins to gain momentum.

Year over year employment gains remain steady at 2.4 percent, translating into approximately 41,000 new jobs in Phoenix over the last 12 months. Education and Health Services (9,840) along with Trade, Transportation, and Utilities (8,537) are seeing the biggest job gains followed closely by… Read More

Development about to take off near Goodyear AirPark

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Goodyear AirPark

In a recent article published by the Arizona Republic, Jones Lang LaSalle’s Tony Lydon discussed the 267-acre Goodyear AirPark project and its potential impact on the region’s economy. The owner of the project, Carefree Partners, purchased the land about 20 years ago, but waited until now to develop the property due to market… Read More

E-commerce boom triggers transformation in retail logistics

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e-commerceIt’s not news that e-commerce has transformed the retail world. That trend has been on the upswing, with total B2C e-commerce topping $1 trillion for the first time in 2012. What’s news is that the trend is still in its infancy. This means that the retailers that can develop their logistics networks to deliver superior consumer experience will grab a bigger piece of… Read More

Change in U.S. energy production causes a ripple effect

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Over the past few years, we went from being a net importer of oil, natural gas and biofuel, to a net exporter. Check out the infographic below to see how this has impacted energy companies, the economy, the job market, other industries and more.

Fueling a Change: A big transition in the U.S. energy pipeline

Tweet this: @JLLNews says the #US switch from a net importer to a net exporter changed the… Read More

New Goodyear AirPark project to be a gateway for West Coast distribution channels; represents thousands of potential new jobs

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Lincoln Property Company (LPC) and industrial specialists in the Phoenix office of Jones Lang LaSalle (JLL) have collaborated to attract corporate design/build projects to a major new, multi-employer business park named Goodyear AirPark in Goodyear, Arizona.

The announcement comes on the heels of a joint venture formed between LPC and property owner Carefree Partners Investments. LPC will be the project’s design-build developer, based on the firm’s national scope, local office accessibility… Read More

Industrial strength

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Mark Detmer, Managing Director and Head of West Coast Industrial Capital Markets, shared his thoughts with Commercial Executive Magazine on the current state of Phoenix‘s Industrial market.

When talking Phoenix industrial product, the label “industrial strength” is a perfect fit. These are the Valley’s assets that came out of the gate strong — at the start of the recovery cycle — and have continued to… Read More