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Lee & Associates - Arizona | Week in Review | Friday, April 11, 2014

04/11/2014


LOCAL NEWS

 

Lee in the News: Jewelry Design Firm Takes 30,500 SF of Flex Space in Scottsdale Airpark

South Hill Design Corp., a jewelry design and marketing fi rm has leased 30,500 SF of flex industrial space on a 5-year term at 7400 E. Tierra Buena Ln., Scottsdale. COMMERCIAL EXECUTIVE

 

After Two Year Hold, Camelback Arboleda Sold for $24.9M

Westport Capital Partners has closed its second disposition of a major opportunistic investment in the Phoenix market with its sale of the Camelback Arboleda on Thursday for $24.9m. or $139.27 per square foot.

VIZZDA NEWS

 

Phoenix housing market has worst February in 4 years; prices could stay flat in 2014

It was the weakest February in four years for the metro Phoenix housing market, and it’s possible prices may stay flat in 2014. PHOENIX BUSINESS JOURNAL

 

Liberty Property Trust Signs First Tenant at Liberty Center at Rio Salado

Liberty Property Trust has signed a lease with WageWorks Inc. for 76,162 square feet, marking the first tenant agreement to be signed for the company’s Class A office development, Liberty Center at Rio Salado business park in Tempe. AZBIGMEDIA

 

Scottsdale's Cannabis-Rx secures $30 million to fund marijuana-related real estate ventures

The cannabis industry has had a tough time getting access to financing and real estate, but never fear, there are entrepreneurs who are putting deals together to take the business that big banks won’t touch.

PHOENIX BUSINESS JOURNAL

 

 

NATIONAL & INTERNATIONAL NEWS

 

Lee in the News: CDC Holdings leases 13,972 square feet of warehouse space

Jeff Janda, principal, and Nick Eboli, vice president, of Lee & Associates of Illinois LLC represented CDC Holdings Inc. in its lease of 13,972 square feet of warehouse space located at 2605 White Oak Circle in Aurora. REJOURNALS

 

Sky-High Prices for Land Force Developers to Get Creative

To find good opportunities, developers like Mill Creek are staying disciplined and looking further afield to find potential projects. That’s because both apartment and condo developers are quickly bidding up prices for development sites in prime locations. MULTIFAMILY EXECUTIVE

 

In Competitive Analysis Study, Sunbelt Metros Dominate As Low-Cost Cities to Do Business

Bolstered by the lowest transportation costs, industrial lease rates and effective corporate tax rate of any major U.S. city, Atlanta was recognized as the least-costly location to do business among the 31 largest U.S. metro areas in a new biennial study by KPMG LLP. COSTAR

 

Enhancing a Commercial Real Estate Career Through Reading

There are several benefits of reading in terms of supplementing a real estate career or any business career for that matter. COMMERCIAL OBSERVER

 

New 'Medtail’ Tenants Filling Vacant Shopping Center Space

With the era of retail medicine fast approaching, health care providers and medical specialists are increasingly opening facilities in shopping centers, which offer an attractive combination of affordable space, good patient access and ample parking. COSTAR

                 

 

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04/11/2014 - 09:00

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