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Lee & Associates - Arizona | Week in Review | Friday, February 21, 2014

02/21/2014

LOCAL NEWS

 

Mixed-Use Plans for Tempe Land

Alberta Development Partners has plans to entitle the site for 40,000-square-feet of ground floor retail and 187 high-rise apartments units. The site is located on the northwest corner of University Drive and Ash Avenue within the Mill Avenue District of Downtown Tempe. GLOBE ST.

 

Arizona looks for growth opportunities in foreign markets, California

Arizona is increasingly looking outside its borders, especially to Silicon Valley and foreign markets, for a new generation of economic growth, business officials said Wednesday. PHOENIX BUSINESS JOURNAL

 

Google Fiber may come to Phoenix, Scottsdale, Tempe

Google announced this morning the three Valley cities are among nearly three dozen cities in nine metro areas the Silicon Valley company is considering for its Google Fiber network. AZCENTRAL

 

Where Phoenix ranks among fastest-growing cities

Forbes has released its annual ranking of the nation's 20 fastest-growing cities in terms of population and economic growth -- and Phoenix landed at the No. 3 spot. PHOENIX BUSINESS JOURNAL

 

Market Trend: Phoenix's Retail Deliveries, Construction and Inventory

During the fourth quarter 2013, 21 retail buildings totaling 336,821 square feet were completed in the Phoenix retail market. COSTAR NEWS

 

300k sf Agave Center Transacts in Tempe

In two separate purchases, nearly 300K SF of flex office sold in the “Agave Center” located at I-10 and Warner Road in Tempe. VIZZDA NEWS

 

 

NATIONAL & INTERNATIONAL NEWS

 

Lee News: Lee & Associates-Oakland Completes Sale and Purchase of 9.26 Acre Land Site for Panattoni

Lee & Associates-Oakland has completed the sale and purchase of a 51,162-square-foot facility on 9.26 acres at 48490 Milmont Drive in Fremont, Calif. REAL ESTATE RAMA

 

Walmart.com Growth Lures Warehouse Investment to Brazil

An expansion by online retailers including Arezzo Industria & Comercio and Walmart.com is causing warehouse space in Brazil to double in size, luring foreign investors from Prologis Inc. to Goodman Group. BLOOMBERG

 

Big Year Predicted for Commercial Success

Commercial real estate investments are expected to produce solid returns this year, according to an annual forecast report released by the Real Estate Research Corporation, Deloitte, and the National Association of Realtors. REALTOR MAG

 

Lew Tells G-20 Risks Linger as Emerging Markets Cloud Outlook

U.S. Treasury Secretary Jacob J. Lew said risks including volatility in emerging markets and China’s economic agenda are clouding the global outlook, requiring nations to focus on boosting growth and job creation. BLOOMBERG            

 

 

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02/21/2014 - 10:00

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