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Lee & Associates - Arizona | Week in Review | Friday, April 15, 2016

04/15/2016



LEE NEWS

 

Phoenix Office Market Pace Steady as Rental Rate Growth Takes Shape The Phoenix office market remained active in the first quarter after a strong finish to 2015. Improving economic conditions have benefited the office sector in several ways. PRLOG.COM

 

Old Town, Phoenix’s 44th Street, Arcadia areas among tightest for office space The tightest office markets in the Valley are in south and Old Town Scottsdale, the 44th Street corridor, Arcadia and other areas of east Phoenix. PHOENIX BUSINESS JOURNAL

 

Strong Absorption, Construction Bodes Well for Industrial Sector The Phoenix Industrial sector started 2016 with a solid market performance, fueled by a robust finish to 2015. Net absorption is historically modest at the start of a new year and could indicate a strong year ahead. PRLOG.COM

 

Lee & Associates Launches International Multifamily Advisory Group Lee & Associates launched its International Multifamily Advisory Group (IMAG) and tapped Warren Berzack, a principal in the firm's LA North / Ventura office in Sherman Oaks, to head up the Los Angeles-based group. COSTAR NEWS

 

 

 

LOCAL NEWS

 

College Football Playoff has $273.6M economic impact The 2016 College Football Playoff (CFP) National Championship generated $273.6 million in economic impact, highest among Arizona’s eight college football title games, according to a study by the L. William Seidman Research Institute at Arizona State University’s W.P. Carey School of Business. AZ BIG MEDIA

 

Fund Manager Nabs Four Business Parks Rose Garden Business Park, Metro Industrial Center and 4100 Broadway in Phoenix, as well as the Arizona Corporate Center in Chandler, AZ have been acquired. BKM Capital Partners acquired the four industrial business parks encompassing 442,173 square feet in the metro area for a total consideration of $34.45 million in a portfolio transaction from a Los Angeles-based private owner. GLOBE ST.

 

Apartment plan shows divide in visions for downtown Tempe's future A proposal that would bring a 13-story apartment building to the edge of downtown Tempe has revealed sharp divisions between business owners, residents and elected officials that go beyond the project itself. AZ CENTRAL

 

Musical chairs and falling dominos: What new arenas, ballparks could do to downtown PhoenixA Phoenix Suns arena at the current location of the Phoenix Convention Center, a shared arena that brings the Arizona Coyotes and Arizona State University basketball downtown, a renovated and retrofitted Chase Field, a new Arizona Diamondbacks ballpark or even a new shopping mall where Talking Stick Resort Arena sits now.PHOENIX BUSINESS JOURNAL


 

CLICK HERE: Q1 2016 Industrial and Office Market Reports

 

 

 

NATIONAL & INTERNATIONAL NEWS

 

 

Report: Chinese foreign investment in U.S. up by 30 percent Chinese direct foreign investment in the United States hit a record $15 billion and grew by 30 percent last year, but Florida was only moderately successful in piquing the interest of Chinese investors, according to a study released Tuesday. MIAMI HERALD

 

Fed Survey Finds US Economy Still Expanding The Federal Reserve said Wednesday that the economy kept expanding in late February and March, despite weakness in the energy sector and a slowdown in exports of some factory and farm products because of global weakness and the strong dollar. ABC NEWS

 

 

 

 


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04/15/2016 - 05:00

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