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Lee & Associates - Arizona | Week in Review | Friday, December 5, 2014

12/05/2014

LEE NEWS

 

Scottsdale Owner Buys Two Industrial Properties For $2.7M in Phoenix

The two properties consisted of a 16,500 SF warehouse at 21018 N. 22nd St. in Phoenix for $55.45 per SF and a 14,000 SF warehouse with a 4.92 acre storage facility at 2626 S. 16th St. in Phoenix for $128.57 per SF. PR LOG

 

Snoozing and losing: Dearth of shovel-ready development hurts Phoenix rebound, business attraction

The Phoenix market faces a number of challenges in the slow recovery of its real estate and job markets. PHOENIX BUSINESS JOURNAL

 

North Scottsdale Office Building Sells For $5.18M to Private Investor

A 30,120 SF office building at 6910 E. Chauncey Ln., in the North Scottsdale Corporate Center in Scottsdale sold for $5,180,640 or $172.00 per SF. The transaction closed on November 19.

COMMERCIAL EXECUTIVE

 

Lee suits up for Charity

Lee & Associates, NJ, donated suits worth nearly $50,000 to Suits for Success, a national not-for-profit organization, Bergen and Hudson County chapters. HUDSON REPORTER

 

 

LOCAL NEWS

 

Arizona to see better growth in 2015, experts say
There is no shortage of potential economic challenges entering 2015, but economists predict slight improvement to Arizona job gains, population growth and retail spending in the coming year. AZ CENTRAL

 

Major construction set to start on W. Valley casino project

Major construction work is set to begin on a new $400 million resort and casino – the West Valley’s first such venture. YOUR WEST VALLEY

 

SoHo Scottsdale would bring urban vibe to Bell Road

A new urban project proposed for the Bell Road corridor in Scottsdale would bring loft-style townhouses and condominiums above office space and retail near WestWorld, plans show. AZCENTRAL

 

So long, US Airways Center. Hello Talking Stick Resort Arena

Good-bye, US Airways Center. Hello Talking Stick Resort Arena. The Phoenix Suns and Phoenix Mercury announced a new naming-rights deal today for the downtown Phoenix arena.

PHOENIX BUSINESS JOURNAL

 

 

NATIONAL & INTERNATIONAL NEWS

 

Panama REIT Industry Aims for Takeoff

Panamanian authorities want to open the country’s small but burgeoning commercial real-estate industry to more outside investors, and they are banking on real-estate investment trusts as the way to do it. WALL ST. JOURNAL

 

The Next Silicon Valley

Beijing and Tokyo (and even Scottsdale) are some of tech's fastest growing markets in terms of deal growth. Is one of them the next Silicon Valley? CB INSIGHTS

 

How Older Office Buildings Remain Relevant

Owners of older buildings have found that staying relevant often means identifying ways in which their buildings can be repositioned in an ever-evolving environment. NEWS FUNNEL

 

US commercial real estate activity expected to be on a firmer footing in 2015

Despite a slowing global economy, forward economic momentum in the United States should keep commercial real estate activity on firmer footing, according to the National Association of Realtors. PROPERTYWIRE

 

 

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12/05/2014 - 10:00

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