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Lee & Associates - Arizona | Week in Review | Friday, January 1, 2016

12/30/2015


HAVE A PROSPEROUS AND HAPPY NEW YEAR 2016!

           

LOCAL NEWS

 

Phoenix sees uptick in construction jobs, ranks among tops in U.S. The Phoenix metro area added 7,900 construction jobs between November 2014 and November 2015 as the industry continues its recovery from the last recession. PHOENIX BUSINESS JOURNAL

ADOT Announces Preferred Team for Loop 202 South Mountain Freeway The Arizona Department of Transportation has selected a preferred developer for the Loop 202 South Mountain Freeway, which remains on track for construction to begin in summer 2016 as the largest-ever highway project in the state. ARIZONA BUILDERS EXCHANGE

LBA Realty Closes $279 Million Purchase of Office Building at Camelback Esplanade In one of the largest CRE investments completed in the Valley, LBA Realty in Irvine, CA paid $279 million for several office buildings at Camelback Esplanade. BREW

DMB seeks to build higher, add 1 million square feet at One Scottsdale DMB Associates is again amending the plan for One Scottsdale, looking to add more height and 1 million square feet to the planned development. PHOENIX BUSINESS JOURNAL

 

 

NATIONAL & INTERNATIONAL NEWS

 

 

Experts predict commercial real estate trends for 2016 Rising rents and occupancies boosted values across virtually every commercial property sector in 2015, fueling speculation about how hot is too hot when it comes to commercial real estate. BUILDING DESIGN + CONSTRUCTION

Holiday surprise for retailers: Sales look better than expected Did a last-minute rush make for stronger holiday sales than many — including the National Retail Federation — had expected? RETAILING TODAY


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12/30/2015 - 05:00

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