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.
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.
Solid fundamentals held through the first half of 2018 show signs of a continuing healthy market. Learn about the key trends impacting the office market by viewing our new digital stats landing page.
Report highlights include:
- Construction increases: Construction ramped up during the second quarter of 2018 with over 2.7 … Read More
In addition to the Phoenix office leasing marketing reaching its nineteenth straight quarter of positive office absorption, the office sales market also performed well with 18 sales totaling $293 million. The average price per square foot of these transactions was $139.07 with an average cap rate of 7.17%.
The top 10 buyers driving activity… Read More
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… Read More
The principal members of the Arizona Chapter of NAIOP voted JLL as the 2016 “Brokerage Firm of the Year” for making the most significant contributions to the Arizona office and industrial market. This is the third time in the past five years JLL has been honored with this award.
The recognition comes… Read More
JLL’s Q4 Office Investment Outlook identifies Phoenix as the sixth secondary market with the highest investment volume at $1.9 billion. Various sources predict strong growth within the local market for years to come:
- Moody’s predicts 4.2% annual GMP growth in … Read More
As multifamily rent growth begins to slow among the nation’s biggest markets, a few markets are maintaining their strong performance and driving positive trends over the forecast horizon. Phoenix is one such market in the West region that is expected to outperform due… Read More
In an effort to strengthen its already broad suite of finance and investment capabilities, JLL today announced the addition of two market experts in the firm’s Capital Markets group. Industry veteran Robert Kline has joined JLL’s Capital Markets, Finance unit as a Managing Director in the… Read More
The national multifamily market maintains its momentum after another quarter of declining vacancy, steady absorption gains, and rising rents. All of these positive indicators continue to fuel investment activity as 2016 is on pace to exceed last year’s peak volume. Many of the national themes driving the multifamily market… Read More