Tag Archives: JLL

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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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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How Arizona’s purchasing power competes with California

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A horizontal bar chart showing that Arizona's purchasing power ranks No. 3 among Western U.S. states.

  • Arizona’s purchasing power ranks No. 3 among western U.S. states, according to the BEA’s Regional Price Parity indicator based on the 2013 Consumer Price Index.
  • California will increase its minimum wage to $15.00 per hour
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The interesting former lives of our brokers

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IMG_3997For many brokers, real estate wasn’t always their career path. That is true for three JLL brokers featured in the most recent issue of Commercial Executive Magazine. In the article “The Most Interesting Executives,” JLL’s Executive Vice President Andrew Medley, Vice President Steve Larsen and Senior Vice President Rick Collins share details about their former athletic careers.

Medley and Collins have ties to the sport of golf,… Read More

Phoenix ranked No. 7 hottest apartment market

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COW_Phoenix_Multifamily_April 11 2016-CroppedPhoenix ranked the seventh “Hottest Apartment Markets in the U.S.” in a Zillow study based on new apartments being built, how fast those new units get rented and rental prices.

Over 5,700 new multifamily units have been completed in the Phoenix market thus far in 2015. With a… Read More

The professional and business services sector leads Phoenix employment gains

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Phoenix Employment Update -04 2016

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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… Read More

Balanced growth continues into the new year

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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… Read More

Phoenix ranked top 15 fastest growing city

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COW_Phoenix_economy_April 4 2016In a study of America’s fastest-growing cities, Phoenix ranked #15 among the 100 largest U.S. metropolitan areas. The rankings were based on estimated population growth, job growth, and gross metropolitan product growth.

After recording a 1.95 percent population growth rate in 2015, Phoenix is expected to grow 2.47 percent in 2016 alone.… Read More

Speculative office groundbreakings declining as build-to-suit activity increases

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Despite healthy absorption gains in 2015, vacancy in the Phoenix market remains above-average due to continued construction activity. However, concerns over the large amount of vacant space being delivered has resulted in a shift in the type of construction being started.

After delivering over 1.0 million square feet of vacant space to the market in 2015, developers are slowing speculative development, taking note of how long this vacant space stays on the… 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… Read More