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Lee & Associates - Arizona | Week in Review | Friday, February 28, 2014

02/28/2014

 

LOCAL NEWS

 

Arizona in running for $5 billion Tesla battery factory

Arizona is in the running for a $5 billion Tesla Motors battery factory that could employ as many as 6,500 people. PHOENIX BUSINESS JOURNAL

 

10.29 Acres of Entitled Land Transacts in Gilbert for $204,082 per Acre

Porchlight Homes has purchased a 10.29 acre lot near the intersection of Higley Rd & Williams Field Rd entitled for 44 single family homes. The property traded for $2.1m, which reflects as $204,082 per acre or $47,727 per planned lot. VIZZDA NEWS

 

Spreading Prosperity: Innovation and Job Growth for Arizona’s Future

Where else but at ULI’s Trends Day does an audience of almost 900 real estate and business leaders get to hear some of the industry’s top experts talk about spreading prosperity as it relates to innovation and job growth for Arizona’s future? AZBIGMEDIA

 

Non-profit fund boosts construction along light rail

Light rail has spurred the development of several housing, office and retail projects in Phoenix, Tempe and Mesa. But more than a dozen of the new developments might not be open or under construction without the help of a $20 million non-profit fund created to support housing and redevelopment near the tracks. AZCENTRAL

 

Wild Oats foods making comeback on Fresh & Easy shelves

Wild Oats, a popular line of organic and natural foods missing from shelves since 2007, is making a comeback at Fresh & Easy stores. The brand revival comes as the Southern California-based chain reinvents itself as wholesome grocery store under supermarket magnate Ron Burkle, who purchased the struggling British concept last year. ORANGE COUNTY REGISTER

 

 

NATIONAL & INTERNATIONAL NEWS

 

Lee in the News: Lee & Associates of Illinois negotiates 10-year industrial lease in Bloomingdale

Lee & Associates has negotiated a 10-year, $5 million lease for a 110,063-square-foot industrial property located at 171 Covington Drive in Bloomingdale. REJOURNALS.COM

 

More details emerge on $1B Houston Uptown Park project

Uptown Park's 360,000 square-foot luxury tower will break ground by the end of the year with completion slated for early 2017. HOUSTON BUSINESS JOURNAL

 

U.S. Economy’s Growth Was Slower in Fourth Quarter

The economy grew at a slower pace in the fourth quarter of 2013 than first thought, weighed down by lackluster retail sales, inventory adjustments and a slightly less robust trade balance. NEW YORK TIMES

 

Affluent Investors Eye Commercial Real Estate

A study of 500 mass affluent investors found that 83% believe commercial real estate is poised to outperform or equal the equity market’s returns. SOURCE MEDIA

 

Investments in Real Estate Return 11.8 Percent for Norway’s Wealth Fund

Real estate investments returned 11.8 percent for Norway’s $840 billion sovereign wealth fund in 2013, the fund’s manager announced today. COMMERCIAL OBSERVER

 

 

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02/28/2014 - 10:00

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