Lee & Associates - Arizona | Week in Review | Friday, February 6, 2013
Lee & Associates Facilitates $53.4M Sale of San Marcos, Calif. Shopping Center
Lee & Associates is pleased to announce the sale of Campus Marketplace, a 144,287 SF shopping center at 300 S. Twin Oaks Valley Rd. in Carlsbad, CA for $53,350,000. COMMERCIAL EXECUTIVE
Papago Arroyo sells for $40.85M
The sale of Papago Arroyo was announced on Tuesday: A three-building office complex in Tempe. The 279,503 square foot, two-story office buildings are located at 1255, 1275, and 1295 W. Washington St. in the geographic heart of metropolitan Phoenix and Tempe office market. The asset commanded a sale price of $40.85 million. AZRE
Phoenix real estate brokers forge $92M in California deals
Phoenix brokers have struck commercial real estate deals in California totaling $92 million.
ViaWest Adds to Valley Holdings with Office and Industrial Space
ViaWest Properties LLC in Phoenix has added to its portfolio of industrial and office buildings in the Valley with the acquisition of 144,740 SF of industrial and office space in Phoenix and Tempe. BREW
Phoenix-area businesses, hotels score big in Super Bowl spending
Restaurants, hotels and venues from Glendale to Chandler reported record receipts, even with the rain and various traffic snarls. And media outlets including the New York Times, Bloomberg News and the Wall Street Journal praised the city's restaurants, nightclubs and attractions.
Arizona projected first in U.S. for restaurant sales growth during 2015
A new report from the National Restaurant Association predicts Arizona's restaurant industry will lead the rest of the country in growth this year and will continue to do so for at least the next 10 years. PHOENIX BUSINESS JOURNAL
Apple promises $2 billion command center in Mesa
Apple Inc. will establish a command center for its global operations in Mesa, promising a $2 billion investment over the next 30 years, state officials will announce this afternoon.
ULI Trends Day: Infrastructure Reigns
Urban Land Institute Arizona Trends Day this week at The Phoenician in Scottsdale attracted 900 participants and covered a wide array of topics. GLOBE ST.
NATIONAL & INTERNATIONAL NEWS
Target Focusing on Smaller Urban Stores for Growth in 2015
Target is expanding three distinct store formats but the bulk of them will be in its smaller store formats. Target’s strategic store growth is focused on urban centers with its TargetExpress and CityTarget formats. COSTAR
Europe's commercial property market hottest since 2007
Europe's commercial property market sizzled last year, as demand for real estate in Paris, buoyant second-tier British and German markets and strong private equity interest in Ireland nd Spain sent deals to their highest level since the financial crisis. REUTERS
How Long Will the REIT Rally Continue?
U.S. equity REITs are coming off a stellar year with total returns for the sector at nearly 30 percent—double that of the S&P 500. Yet with valuations for many REITs already at pre-recession levels, industry analysts are skeptical that REITs will be able to keep up that pace for much longer. NATIONAL RE INVESTOR
NOT RECEIVING WEEK IN REVIEW FROM LEE & ASSOCIATES ARIZONA? SIGN UP HERE