Press Release brought to you by Lee & Associates

Lee & Associates - Arizona | Week in Review | Friday, April 8, 2016

04/08/2016




LOCAL NEWS           
                          
                          
McDowell Corridor Development Abounds             
Construction crews will commemorate yet another milestone today as the Skysong 4 project gets “topped out,” which is, placement of the final structural steel will see the 150KSF office building reach its final height. DPR Construction anticipates the property to open this fall. AZ BUILDERS EXCHANGE
           
                          
University of Phoenix lays off 470, most in Arizona             
The University of Phoenix laid off 470 workers Tuesday, with most of the losses in Arizona, the company announced in a message to its staff. AZ CENTRAL
           
                          
Fry’s grocery store slated for planned RED downtown development             
RED Development — which owns the CityScape project — has started briefing city officials on a planned development of the Block 23 parcel. The long-coveted downtown Phoenix grocery story may finally be happening with the proposal for a 55,000 Fry’s grocery store. PHOENIX BUSINESS JOURNAL 
          
                          
Local construction firm changes name and location           
Phoenix Construction firm, Nitti Graycor, announced Monday that all operations for its southwest regional headquarters have moved to a new Phoenix location and are officially doing business as Graycor Construction Company. AZ BIG MEDIA            


 

NATIONAL & INTERNATIONAL NEWS

 

Retail Rents Could Increase by 4.0 Percent in 2016 The sector has posted positive net absorption rates three times since the recovery got underway in 2010, while balancing that out with vacancy rates that have dropped steadily. NATIONAL RE ONLINE

 

What Recession? Freddie Mac Says 2016 Will Be Best Year In A Decade. Despite apocalyptic predictions from some experts, Freddie Mac says total home sales, housing starts and house prices will reach the highest point since 2006—even with the rocky start to the year. BISNOW

 

Whole Foods: New chain to be named for '365' store brand Whole Foods says it will name its new chain of smaller stores with lower prices after its "365 Everyday Value" house brand. AZ CENTRAL

 

REITs Reverse Course on Investment Strategy, Become Big Net Sellers Through the first quarter of this year, REITs have sold more than $15 billion in properties and bought less than $6 billion. The gap alone doesn’t fully tell the full story. COSTAR NEWS

 

 

NOT RECEIVING WEEK IN REVIEW FROM LEE & ASSOCIATES ARIZONA? SIGN UP HERE

FOLLOW US ON FACEBOOK & TWITTER




04/08/2016 - 05:00

Source

Lee & Associates

Want more news about Lee & Associates? Click here