Lee & Associates - Arizona | Week in Review | Friday, February 26, 2016
Prologis Takes Downtown Phoenix Industrial Buildings For $14.5 Million Prologis, the global leader of industrial real estate has acquired three industrial buildings totalling approximately 334,000 SF in Downtown Phoenix at 1630, 1710 and 1720 E. Grant St. for $14,500,000. COMMERCIAL EXECUTIVE MAGAZINE
Optima Kierland: 12-story condo project for Scottsdale A new luxury condominium development with floor-to-ceiling glass windows is going up on a prime corner in Scottsdale’s popular Kierland area.
iO Plans Potential $500M Expansion Phoenix-based IO Data Centers LLC is planning a big campus expansion next to its Phoenix data center with a three-story, $400M to $500M project during the next six to eight years. AZ BUILDERS EXCHANGE
Colorado grocery store plants roots in two former Fresh & Easy locations A Colorado-based grocery chain is trying to pick up in the Valley where Fresh & Easy left off. PHOENIX BUSINESS JOURNAL
Arizona economy to outperform, report predicts Arizona's economic growth will remain steady this year and next, helping the state outperform the nation by a slight margin, according to a new forecast.
NATIONAL & INTERNATIONAL NEWS
CRE Valuations are Flat-Lining as Market Cycle Enters Ninth Inning Nothing lasts forever, least of all increasing valuations on commercial properties. NATIONAL RE ONLINE
The Office Campus is Back and (Mostly) Doing Fine Urban and Even Suburban Office Parks, Written Off by Investors Just a Couple Years Ago, Appear to be Gaining Favor as Build-to-Suit Activity Increases. COSTAR
Online Retail Heating Up Demand for Industrial Space In the latest episode of the NAREIT Podcast, Eric Frankel, analyst with Green Street Advisors, discussed the latest developments in the industrial real estate market. REIT.COM
There's Reason to Be Excited About the U.S. Housing Market Economic data and corporate earnings reports released on Tuesday make it easy to remember why the housing market is expected to be one of the U.S. economy's bright spots for years to come. BLOOMBERG