Tag Archives: commercial real estate

Fewer bricks, more clicks, & virtual tellers: Five Changes on the Horizon for Branch Banks

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The banking model of yesterday was all about the brand with the most locations—the “bricks”. Today, banks are measured by how effectively they deliver remote, anytime, anywhere access to their customers—the “clicks.”

The days of the bank branch being the most immediate and visible way customers interact with banks are long gone. The… Read More

JLL Phoenix awarded NAIOP’s Brokerage Firm of the Year

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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 after a significant… Read More

Strong big box speculative construction and leasing expected in the West Valley in 2017

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Southwest Industrial Center, owned by Hines, leased by JLL

With ample land available for development and relatively low construction costs, users in the Phoenix industrial market often decide to build their own facility instead of leasing space in existing properties. However, leasing activity in existing properties surpassed 13.6… Read More

Tech heats up in Arizona

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According to JLL’s U.S. Technology Outlook, Phoenix has become a magnet to tech entities, thanks to its lower cost of doing business, including average office rents of $23.94 per-square-foot (PSF), and its educated workforce, with 29 percent of the population holding a bachelor’s degree or higher.

Keith Lammersen, JLL Tenant Representation“Companies coming from markets like Silicon Valley, Seattle

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Highlighting our Southwest Skyline

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From coast to coast, our city skylines are a source of pride and community. It’s not surprising that top-tier office buildings in our urban cores continue to report lower vacancies, higher rents and more developer interest.

The anticipated Skyline Review is back, and more advanced than ever before.

Skyline (1)

In case you missed it in years past, the Skyline Review features JLL’s proprietary market insights (regarding office supply,… Read More

The professional and business services sector leads Phoenix employment gains

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Phoenix Employment Update -04 2016

Click on image to view full report.

According to the BLS, total non-farm employment in Metro Phoenix reached 1,964,800 payrolls in February 2016, representing an annualized increase of 67,000 jobs or 3.5 percent. Meanwhile, unemployment continues to improve, decreasing to 4.6 percent, down 80 basis… Read More

Strong market fundamentals as 2016 begins: Q1 2016 Office Insight

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Steady absorption with continued Phoenix growth
The Phoenix metro area office market picked up where it left off at the end of last year. Built on a stable economic foundation of strong job growth and calculated construction, new office space is being absorbed almost… Read More

JLL joins other local brokerage firms in raising money for Arizona children’s charities

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JLL Associate Riley Gilbert shows off his corn hole skills during last year's Olympiad event.

JLL Associate Riley Gilbert represents the JLL team during the corn hole game at last year’s Olympiad event.

For the sixth year in a row, the Phoenix office of JLL is proud to participate in the annual Brokers for Kids Olympiad Event that will take place on Friday, April 8 at Scottsdale Stadium. Brokers for Kids is a year-long fundraising drive in which Valley commercial real estate teams compete to raise money for local children’s charities.

Presented by the Scottsdale 20-30 Club, the drive culminates with the Olympiad Event where the coveted Broker’s Cup will be awarded to the top fundraising team. In addition, the JLL team will compete for the Olympiad Championship battling it out in fun, athletics events such as the quarterback challenge, basketball, baggo and bocce ball.… Read More

Christian Ulbrich Appointed JLL President

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Christian Ulbrich

Christian Ulbrich

Jones Lang LaSalle Incorporated (NYSE: JLL) announced today that it is separating the roles of President and Chief Executive Officer and that Christian Ulbrich, currently CEO for the EMEA region, will become President of JLL. Colin Dyer will retain the role of CEO and continue to guide the firm’s global strategy, with a particular emphasis on IT and data… Read More