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Lee & Associates - Arizona | Week in Review | Friday, April 10, 2015

04/10/2015

LOCAL NEWS

Uber to open global operational facility in Phoenix
Uber plans to open its new global operation center in Phoenix, Mayor Greg Stanton announced Wednesday. Stanton said the new center would bring "hundreds of new jobs to our community" in his annual State of the City address. KTAR NEWS

Shutdown semiconductor plant to be redeveloped into restaurants, retail, housing
A shutdown semiconductor plant in Phoenix will be redeveloped into a mixed-use project with restaurants, retail and housing. PHOENIX BUSINESS JOURNAL

Banner Health to relocate HQ to midtown Phoenix
Banner Health, which recently completed a $1 billion-plus purchase of the University of Arizona Health Network, plans to relocate its headquarters to midtown Phoenix. AZ CENTRAL

Arizona's shrinking semiconductor sector forcing real estate fallout
Arizona’s semiconductor industry has been shrinking, and the result is some serious real estate rollover. PHOENIX BUSINESS JOURNAL

 

 

NATIONAL & INTERNATIONAL NEWS

New forecast: Three more years of commercial real estate boom
Industry leaders surveyed by the Washington, D.C.-based Urban Land Institute are anticipating the current property market boom will continue through at least 2017. DALLAS MORNING NEWS

When Economy Improves, Commercial Real Estate Values Could Dip by 19%
A "strong case" of the Federal Reserve to hike interest rates this June is expressed by Richmond Fed President Jeffrey Lacker, reports Reuters. REALTY TODAY

REITs See $350 Billion Hospital Property Market as Prescription for Growth
With its $1.75 billion agreement this week to buy one of the nation's largest hospital chains, Ventas, Inc. is staking a claim in hospital properties, which make up more than one-third of the health care real estate market. COSTAR

Time to Sell: More Properties Hit the Market
The voracious appetite of investors for more commercial real estate has certainly dominated headlines in recent years. But that strong demand and favorable pricing is also accelerating disposition strategies among some owners. NATIONAL RE INVESTOR

 

 

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04/10/2015 - 09:00

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