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Lee & Associates - Arizona | Week in Review | Friday, April 25, 2014

04/25/2014


LOCAL NEWS
 

Lee in the News: Parcel Sold at Scottsdale Airpark Once Planned for 150,000 SF Office-Hangar

A 9.5-acre parcel with taxi-way access at Scottsdale Airpark that was once planned for a 150,000-square-foot office-hangar has been sold for $8.325 million. BREW

 

Lee in the News: Consumer Cellular Expanding Valley Operations, To Add 300 Employees

Consumer Cellular Inc. in Tigard, Ore. (John Marick, Greg Pryor, principals) plans to double its size in the Valley in a new call center the company is opening in Tempe. BREW

 

Half-empty downtown Phoenix high-rise sells for $22 million

A group involving Sunbelt Holdings’ John Graham and a wholly owned subsidiary of home builder Lennar Corp. paid $22 million last week to buy a half-empty, lender-owned office tower in the heart of Phoenix. PHOENIX BUSINESS JOURNAL

 

Watching for growth: How can you tell the Phoenix economy is recovering? Look beyond the data

Bankers and economists have a good feeling about 2014 as retail, construction, lending and jobs show signs of improvement. PHOENIX BUSINESS JOURNAL

 

GE Capital Sells One 11 Monroe in Downtown Phoenix

Rialto Capital Management—a wholly owned subsidiary of Lennar Homes—has acquired One 11 Monroe, the lender-owned office tower at the southwest corner of Monroe Street and 1st Avenue in Phoenix, for $22m or $86.11 per rentable square foot. VIZZDA NEWS

 

Elevation Chandler Skeleton to Become 390KSF, 335-Unit, $150M Mixed Use Showcase

When the ten story skeleton of concrete and steel is hauled away, the Great Recession icon at Loops 101 and 202 and Chandler will be gone. Rising in its stead is the multiple use development called Chandler Viridian. AZBEX

 

 

NATIONAL & INTERNATIONAL NEWS

 

Lee in the News: Lee & Associates Names Rinkov Permanent CEO

Four months after taking the reigns as Lee & Associates interim president and chairman of the board, Jeff Rinkov is officially named the firm’s permanent CEO and chairman of the board. GLOBE ST.

 

Lee in the News: Developer buys Thousand Oaks land for industrial and commercial complex
Commercial real estate firm Lee & Associates — L.A. North/Ventura, Inc. said it has brokered a sale of nearly 8 acres in Thousand Oaks for an industrial and commercial complex. VCSTAR.COM

 

 

Tesla to open 431,000-sf facility in California's Central Valley

Palo Alto-based Tesla Motors Inc. has quietly leased a 431,000-square-foot industrial facility in San Joaquin County, Calif., and is already building it out, according to city and county officials.

SACRAMENTO BUSINESS JOURNAL

 

10 Must Reads for the CRE Industry

A roundup of national commercial real estate news and transactions. NATIONAL RE INVESTOR

 

Office Recovery Hits Halfway Point as Demand for Space Spreads Across More U.S. Markets

The U.S. office recovery continued to hum quietly along in the first quarter, absent any dramatic surges or spikes. COSTAR

               

 

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04/25/2014 - 09:00

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