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 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
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
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
The market has delivered 1,832,881 square feet of space in Q2 – double the amount of Q1 deliveries – while continuing to inch toward record low vacancy rates. Learn about the key trends impacting the industrial market by viewing our new digital stats landing page.
Report highlights include:
- The … Read More
The Southeast Valley has historically been known as a hot area for smaller industrial users ranging from 15,000 to 40,000 square feet. However, recent demand from the aerospace, defense, high-tech/advanced manufacturing, semiconductor and pharmaceutical/nutraceutical industries are calling for more space ranging from 30,000 to 60,000 square feet.
“Increases in… Read More
At the end of 2016, mega deals in the net lease United States office sector has propelled sales to record high volumes while retail activity remained limited and a slowdown in industrial activity was starting to occur. How does the net lease sector look six months later? We sat down with our national experts, Tivon Moffitt, Peter Bauman and John Paul Mulhern for an update.
It should be a good second half… Read More
According to the U.S. Bureau of Economic Analysis, Arizona ranked No. 4 nationally for annual gross domestic product (GDP) growth in the second quarter of 2016, just behind of Idaho, Nebraska and Utah.
Arizona’s GDP growth of 2.7 percent was led by growth in real estate and rental and… Read More
Construction-related companies lead charge of mid-sized users
Although Phoenix has recovered all of the jobs lost during the recession, the construction employment sector is still more than 80,000 jobs away from its previous peak.… Read More
The Phoenix office of JLL represented Onyx Motorsports, a luxury automotive dealer, in its relocation from Scottsdale to Tempe. Currently a brick and mortar dealership in Scottsdale, the company is converting into an online-based car sales firm. The new 11,256 square foot warehouse in the Sky Harbor Business Park will be used to store the vehicles.
Michael McWilliams, Jr. exclusively represented the tenant. Scott… Read More