Tag Archives: CRE Phoenix

ConTech’s: The startups that are changing the world of construction

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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.

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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

Hertzberg stars in Commercial Executive Magazine’s West Side cover story

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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

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

JLL Phoenix’s Andrew Medley honored as one of PBJ’s 40 under 40

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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.

Twenty straight quarters of positive office absorption

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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 driving amazing growth, at least for now…

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Technology has affected banking and financial services and how they are evolving. Four themes have emerged to illustrate the rapidly changing industry.

  1. 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
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Defense contracts continue to find their way to Arizona

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Defense spending has been set approximately $700 billion for the year of 2018, with an array of awarded contracts finding their way into Arizona. A $16 billion increase is projected for the year of 2019.

Honeywell, Boeing, and General Dynamics continue to be consistent candidates for contracts, with smaller organizations such as… Read More

Labor shortage increases costs of Phoenix contractors, engineers and architects

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Construction activity is robust in the Phoenix market, and is expected to continue through at least the first half of 2018 based on current forecasts. Office, industrial and multifamily development is at an all-time high, and there are many new ground-up, build-to-suit projects underway throughout the… Read More