JLL Archives

Bascom buys Prescott senior living facility

by in AZRE Magazine | Senior Living

Bascom Arizona Ventures has acquired the Prescott Lakes Senior Community, a 123-unit luxury independent living senior apartment community for $18,000,000 or $146,341 per unit. The property is located in Prescott, Arizona in the highly desirable Prescott Lakes master planned community. Bascom Arizona Ventures worked with Brian Halpern and Alex Kane of Jones Lang LaSalle Americas,… Read More →

Q3 Phoenix office report shows vacancies falling, rents rising

Totaling 104,618 square feet, the 2777 building sits at the southwest corner of 28th Street and Camelback Road, where WFG National Title Insurance is opening its new offices. (Photo courtesy of JLL Phoenix)
by in AZRE Magazine | Multi-Family

The Phoenix office of JLL released its Q3 2016 Phoenix Office Report, highlighting benchmarks and includes the lowest vacancies since 2008 and still-rising rents. Still, Phoenix remains one of the most affordable office markets on the West Coast. “More companies are recognizing that Phoenix has an extremely strong labor pool and very affordable cost of living,” said… Read More →

JLL sells first Downtown Phoenix apartments of new cycle

Proxy 333 totals 69,335 square feet and 118 units at 333 E. McKinley St., between Third and Fourth Streets in Downtown Phoenix.
by in AZRE Magazine | Brokerage | Multi-Family | Newsmakers

The first urban apartment project to be constructed and traded in Downtown Phoenix’s post-recession real estate upswing has sold this week in a $21.8 million deal brokered by the Phoenix office of JLL. Named Proxy 333, the project totals 118 highly amenitized urban multifamily units located in the heart of downtown’s Evans-Churchill neighborhood. The Proxy 333… Read More →

WFG National Title moves to Camelback Corridor

Totaling 104,618 square feet, the 2777 building sits at the southwest corner of 28th Street and Camelback Road, where WFG National Title Insurance is opening its new offices. (Photo courtesy of JLL Phoenix)
by in AZRE Magazine | Brokerage

A prime location in the heart of the Camelback Corridor attracted WFG National Title Insurance Company (WFG) to a new lease at 2777 E. Camelback Rd. WFG will relocate from 1420 E. Missouri Ave. in Phoenix into 6,058 square feet on the ground floor at the 2777 building in November. It joins current building tenants… Read More →

People & Projects to Know: Brokers

People & Projects to Know
by in AZRE Magazine | Brokerage

Anthony Lydon Managing director JLL  Commercial real estate is a family business for Anthony Lydon, a 30-year veteran in the supply chain industry. Today, Lydon, who goes by Tony, works as the managing director at JLL. He is proud of his accomplishments, but says he is most proud to see his family follow in his footsteps.… Read More →

Demand for new industrial space rising, JLL Phoenix says

Customers looking for increased efficiencies are flocking to this new Class A space, which features amenities such as wide column spacing and clear heights of up to 36 feet. This trend is actively playing out at Airport I-10, in the airport submarket. (Photo courtesy of JLL Phoenix)
by in AZRE Magazine | Industrial

The delivery of more than 2.8 million square feet of new industrial construction in Phoenix during the first half of 2016 has made an impact on the Valley, says the Phoenix office of JLL. In some cases, the additional industrial spaces have pushed industrial rental rates up by as much as 36 percent higher than their… Read More →

77-acres sold in Buckeye for new manufacturing facility

by in AZRE Magazine | Brokerage | Site Selection

Cardinal IG purchased 77-acres of land in Buckeye to build a 250,000-square-foot manufacturing facility. Cardinal IG purchased the land from Evergreen Devco Inc. and Evergreen-Apache & Southern LLC. The Phoenix office of JLL brokered the deal on behalf of the sellers. Cardinal IG will develop a 250,000-square-foot, build-to-suit advanced glass manufacturing facility at the site. The project will… Read More →

Report: Tightened Class A Office Activity is Driving Class B Activity

by in AZRE Magazine | Office

The Phoenix office market experienced a rise in leasing activity, high net absorption and increased rental rates according to second quarter reports. As Class A space fills in some of the most desired corridors of the city such as Camelback Corridor, companies are turning to Class B space in new corridors like Phoenix Midtown to… Read More →

Report: Phoenix skyline makes comeback, with challenges still ahead

Downtown Phoenix, Photo: Flickr, squeaks2569
by in AZRE Magazine

An annual report released by JLL, shows that the Phoenix skyline is starting to make a comeback, as tech firms start to pursue the coveted office space in downtown Phoenix, but there are some challenges ahead. The office buildings that make up the Phoenix Skyline have entered new territory in 2016, with rents and tenant demand… Read More →

Superstition Corridor property sells for $4.9M

Superstiiton Corridor
by in AZRE Magazine | Brokerage | Office

Strong recovery in the Superstition Corridor contributed to this week’s $4.9 million sale of Inverness Commons II, a value-add office asset represented by the Phoenix office of JLL. The 60,960 square-foot building sits within one mile of the U.S. 60 Superstition Freeway and in the heart of the Superstition Corridor, a submarket that over the past… Read More →

CoreNet Global Arizona will host ‘Midyear Market Update’

CoreNet Global Arizona
by in AZRE Magazine | Events

The 2016 commercial real estate industry in the Valley is showing signs of growth at midyear. But what lies ahead for the next six months in regards to job creation, vacancy rates and available capital? These and other topics will be discussed at the “Midyear Market Update: Brokers’ Perspective,” presented by CoreNet Global Arizona, June… Read More →

JLL promotes 5 to senior level positions

by in AZRE Magazine | Brokerage | Newsmakers

The Phoenix office of JLL has promoted five of its brokers to senior level positions. Brett Abramson, Keith Lammersen, Jason Moore and Charles Steele have been promoted from Vice President to Senior Vice President. Andrew Medley has been promoted from Vice President to Executive Vice President. “Each of these individuals brings a unique skill set… Read More →

3 new tenants move into Stonecreek Pointe

Stonecreek Pointe
by in AZRE Magazine | Brokerage

Golf course-facing views and significant property renovations at Stonecreek Pointe have attracted three new tenants to the Paradise Valley office project. On behalf of building owner HighBrook Investment Management/Cypress Office Properties, the Phoenix office of JLL has completed almost 30,000 square feet in new leases to Premier Business Centers, Vertical Measures and People’s Mortgage. The leases bring… Read More →

JLL Phoenix office appoints senior vice president


The Phoenix office of JLL hired David Rosato as senior vice president and new leader of its growing Phoenix Project & Development Services (PDS) group. The PDS group provides consultation, project management, design and construction management services for projects ranging from office to industrial to retail. In his new position, Rosato manages the Phoenix PDS team and… Read More →