The first six months of 2018 revealed strong fundamentals and insatiable demand for data center space across regions. Data centers continue to be redefined as software-driven connectivity and blockchain are adopted. Providers are strategizing their offerings to meet the growing need for long-term flexibility, while providing the space and power needed from large users.
Arizona’s recent #InvestInEd movement aims to increase statewide spending on K-12 public education via tax hikes for individuals making over $250,000 (+3.5% increase) and $500,000 (+4.45% increase) and joint filers over $500,000 (+3.5% increase) and $1,000,000 (+4.45% increase).
With the current tax rate standing at 4.54%, each mentioned segment would… Read More
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.
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
JLL’s Managing Director Marc Hertzberg specializes in industrial sales and lease transactions. This month, he was featured in Commercial Executive Magazine in a cover story about the west valley, called West Side Story.
West Side Story highlights the strong development in the West Valley and the “main characters” featured are local, forward-thinking leaders who… Read More
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.
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
Every year The Phoenix Business Journal recognizes 40 young business leaders for efforts in their community and companies. The candidates are evaluated on business success, community involvement, leadership ability and influence. The honorees come from various industries and will join more than 680 alumni that have been recognized over the years. Yesterday, JLL’s Managing Director Andrew Medley was one of these honorees.
Metro Phoenix has seen a trend like no other before, the end of second quarter 2018 it marked its 20th straight quarter of positive absorption recording at 327,392 square feet and reaching just over a million square feet of YTD absorption.
The strength of the under construction product in also another strong… Read More
Technology has affected banking and financial services and how they are evolving. Four themes have emerged to illustrate the rapidly changing industry.
- Integration, integration, integration!
With so many new lines of business, financial service companies became challenged on how best to integrate functions to be more efficient, serve customers at the highest … Read More