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Lee & Associates - Arizona | Week in Review | Friday, February 6, 2013

02/06/2015


LEE NEWS

 

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.

PHOENIX BUSINESS JOURNAL

 

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

 

 

LOCAL NEWS

 

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.

AZ CENTRAL

 

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.

AZ CENTRAL

 

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

 

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02/06/2015 - 10:00

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