Tag Archives: Chandler

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

Three Phoenix Metro cities named best places to start a career

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  • In a study conducted by WalletHub, the cities of Scottsdale (#15), Tempe (#48) and Chandler (#49) were all ranked as some of the best cities to start a career for young professionals. The cities also ranked highly in the quality of life category, ranking #1, #18 and #2, respectively.
  • Moreover, several Arizona cities ranked highly for affordable housing, with Gilbert (#1) and Chandler (#4)
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$9.4M JLL Industrial Sale Brings West Valley Interest to East Valley Asset

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464 E Chilton SOLDThe Phoenix office of JLL has just closed the $9.4 million sale of 464 E. Chilton Dr., a manufacturing/distribution facility in Chandler, Arizona that underscores the growing interest in Southeast Valley industrial investment assets.

JLL Vice President Steve Larsen and JLL Managing Director Bill Honsaker brokered the deal for the buyer, Cohen Asset Management,… Read More

JLL’s John Pierson and Keith Lammersen summarize big East Valley tenant activity

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EastInTheWestThe latest issue of Commercial Executive Magazine features large commercial real estate activity in the East Valley, in which Managing Director John Pierson and Vice President Keith Lammersen summarize significant tenant representation transactions managed by the JLL Phoenix office.

Soilworks World HQ Lease at Riverwalk Arizona
Soilworks, a leading dust control and soil stabilization firm that… Read More

JLL represents Hanjin Shipping in lease negotiations as anchor tenant at Portico Place II

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HanjinShipping

Image courtesy of CoStar

Transportation logistics firm to occupy 37,669 square feet in Chandler office building

Portico Place II, a 48,173-square-foot Class A multi-tenant office building in Chandler, Az. has secured its first tenant, Hanjin Shipping, a transportation logistics firm that will occupy 37,669 square feet.

Hanjin Shipping will take up 78 percent of the building’s overall space, occupying the entire second floor and half… Read More

Chart of the Week: Phoenix office investment hotspots

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COW_Phoenix_January 12 BLOG

Improving economic conditions across the Phoenix metro have reinvigorated investor interest in the Valley’s office product. Not surprisingly, the top submarkets for investor activity are also submarkets that boast some of the lowest vacancy rates and highest demand in the Valley.

Click here for more market insight on our Phoenix research group web… Read More

Arizona manufacturing faces mixed future

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Note: The following interview and article featuring Anthony Lydon, JLL’s Managing Director – Industrial, originally aired on 91.5 KJZZ and appeared on KJZZ.org.

Listen to the interview:

http://joneslanglasalleblog.com/Phoenix/wp-content/uploads/2014/04/Manufacturing-Down.mp3

Lydon-KJZZ

A new report highlights how manufacturing has changed in Phoenix over the last year, and what could happen as the industry comes out of the recession. The report from JLL is generally positive: The housing market is stabilizing while… Read More

As Phoenix suburban office markets recover, skyline poised to follow

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2014 Phoenix Skyline Report now available

Skyline“Game on” seems to be the sentiment of Phoenix office tenants as they continue to bounce back from the recession, albeit with smaller work spaces that must achieve greater efficiencies with a reduced footprint. Suburban office markets—primarily in Tempe, Chandler and the Camelback Corridor—that are close to employees and offer… Read More