JLL Archives

Meet AZRE Forum panelist: Dennis Desmond

Dennis Desmond
by in AZRE Magazine

The AZRE Forum will be held on Aug. 3 at the Camby and Dennis Desmond, senior managing director of JLL, will sit on one of the three feature panels. The first two panels will focus on the multifamily, retail, office and industrial commercial real estate sectors in Arizona. The final panel will give an update on the state of… Read More →

JLL completes $39 million sale of I-10 industrial portfolio

by in AZRE Magazine | Brokerage

JLL Capital Markets today announced the firm completed the sale of the I-10 Distribution Portfolio in Phoenix on behalf of DCT Industrial. Colony Northstar purchased the portfolio, which consists of two institutional grade warehouses totaling 558,465 square feet, for $39 million. JLL Managing Directors Bo Mills and Mark Detmer and Vice president Ryan Sitov led… Read More →

We’ll see you at the AZRE Forum, Aug. 3

AZRE Forum
by in AZRE Magazine

With more than half of 2017 behind us, it’s time for AZRE’s commercial real estate mid-year market update and forecast, AZRE Forum. The forum will be held at the Camby, along the Camelback Corridor, on Thursday, Aug. 3 from 3:30 p.m. to 6 p.m. Tickets can be purchased directly online. Three panels at the AZRE… Read More →

Tempe apartments on Broadway sell for $41.81M

Tempe apartments on broadway
by in AZRE Magazine | Multi-Family

A 194-unit Tempe apartment complex near Broadway and Rural roads was recently sold for $41.81 million to Toronto-based Brass Enterprises. Trinsic Residential Company and CNL Growth Properties, which were both represented by JLL Executive Vice Presidents John Cunningham and Charles Steele, sold the complex, Aura at Broadway. The complex is located at 1221 E. Broadway Rd.,… Read More →

NAIOP Young Professional Group pitches Trotting Park development

by in AZRE Magazine

It was an evening of celebration recently as the NAIOP Arizona Developing Leaders Young Professional Group (YPG) Mentor Program hosted graduation for the 2016-2017 class at Andaz Scottsdale Resort & Spa.     Mentors and protégés gathered in a private dining room for a reception, presentations, and a dinner. The 15 protégés, grouped into four teams,… Read More →

JLL will lease Skyway Commons — new spec industrial project

by in AZRE Magazine | Industrial

The Phoenix office of JLL has earned the leasing assignment for Phase I of Skyway Commons, a fully speculative new Class A industrial project that has broken ground in the northwest Phoenix submarket. Totaling 110,221 square feet, Skyway Commons Phase I is designed to meet burgeoning demand from small to mid-sized general industrial users with divisibility down… Read More →

Phoenix office market on pace to surpass 2 million SF of absorption

Renaissance Square
by in AZRE Magazine | Office

For the fourth year in a row, the Phoenix office market is on pace to surpass 2 million square feet of absorption, according to the Q2 Phoenix Office Insight Report released today by the Phoenix office of JLL. According to the report, second quarter absorption totaled 595,346 square feet, representing the Valley’s 16th consecutive month of positive net office space absorption.… Read More →

Phoenix industrial market absorption continues to outpace new construction

Dexcom
by in AZRE Magazine | Industrial

The Phoenix industrial market is teeing up for its fourth consecutive year in which absorption gains outpace new construction, according to the Q2 Phoenix Industrial Insight Report released Wednesday by the Phoenix office of JLL. According to JLL, nearly 60 percent of newly completed industrial properties are pre-leased at delivery, with large users taking advantage of new product… Read More →

Check it out: Integrate’s new Downtown Phoenix, penthouse-level HQ

Integrate offices

The 19th floor “penthouse level” of 111 W. Monroe St. in Downtown Phoenix is ready to welcome its new, high-tech tenant – courtesy of a seven-month, creative office build-out just completed this week by the Phoenix office of JLL. The new tenant is Integrate, a locally based, rapidly growing cloud marketing software and service provider. JLL Executive… Read More →

Market upside helps JLL sell Phoenix Logistics Center

Strong market performance and continued confidence in Phoenix’s industrial market future has spurred the $18.4 million sale of Phoenix Logistics Center – sold this week by the Phoenix office of JLL on behalf of a joint venture between Overton Moore Properties and PCCP LLC, and acquired by Colony Northstar. JLL Managing Directors Bo Mills and Mark Detmer, and Vice President Ryan Sitov represented… Read More →

JLL completes $81.75M sale of Camelback office building

by in AZRE Magazine | Office

The Phoenix office of JLL today announced the sale of 3131 and 3133 Camelback on behalf of TR Camelback Corp. The two-building, Class A office property is in the heart of the Camelback Corridor, which has enjoyed an average 93 percent occupancy rate since its delivery to market in 1998. Archon Acquisition LLC, a Goldman Sachs company,… Read More →

JLL closes $26.7M ASU Research Park Building

by in AZRE Magazine

On behalf of a joint venture between Phoenix-based ViaWest Group and Chicago-based Blue Vista Capital, JLL today announced the sale of Nexus @ ASU Research Park. This sale is an example of investors’ growing interest in the strong office market in Phoenix, largely driven by the area’s annual high-tech employment growth of 8.9 percent. Gramercy… Read More →

300,000 SF built-to-suit lease announced for 52-acre Tempe development

Tempe development at Rio2100
by in AZRE Magazine | Site Selection

Rio2100, a 52-acre mixed-use development under construction at the intersection of Loop 202 and Loop 101 in Tempe, Ariz., has the announced execution of a 300,000-square-foot build-to-suit lease with Freedom Financial Network. Bryan Taute and Charlie von Arentschildt with CBRE’s Phoenix office negotiated the lease on behalf of the landlord, The Boyer Company. Freedom Financial… Read More →

Brokers, developers and projects honored at 2016 Best of NAIOP

by in AZRE Magazine | In The Spotlight

The Arizona chapter of NAIOP honored developers, projects and brokers at its 2016 Best of NAIOP awards. This year, Grady Gammage Jr., a real estate and zoning attorney who was a founder of Gammage & Burnham, received the Award of Excellence at the ceremony, which was held at the Arizona Biltmore. Gammage has had a long career, which… Read More →