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Lee & Associates - Arizona | Week in Review | Friday, January 16, 2015

01/16/2015

 

NOW AVAILABLE:

Our Q4 2014 Phoenix Office & Industrial Market Reports

CLICK HERE FOR REPORTS


LEE NEWS

 

Lee & Associates Arizona Completes $52.25M Sale of Denver Shopping Centers

Lee & Associates is pleased to announce the sale of Quebec Square and Quebec 36 for $52,250,000. The 207,561 SF community retail shopping centers are located at 36th Ave. and Quebec St. in Denver, Colorado. COMMERCIAL EXECUTIVE

 

Meritex Developing Industrial Project Near Chandler Airport

After entering the Valley market last year with the purchase of an industrial project in the Deer Valley area of north Phoenix, Meritex Enterprises Inc. is now going to develop and industrial project in Chandler. BREW

 

Koukou, Cannon and Diamond of Lee NYC broker $9.2 million sale

Lee & Associates NYC has arranged the sale of 1101 Stewart Ave., a three-story, multi-tenant office building for $9.2 million. NYREJ

 

 

LOCAL NEWS

 

Roller-coaster numbers for Phoenix on regional economic rankings

Phoenix topped a list of major metropolitan areas across the U.S. Mountain West for regional job growth in the third quarter of 2014. PHOENIX BUSINESS JOURNAL

 

Furniture-maker Arhaus is coming to Phoenix

The Cleveland-based retailer/manufacturer, known for its handcrafted, upscale pieces, plans to open in the fall. AZ CENTRAL

 

Construction Ramps Up at PhoenixMart Commerce Center

Grading is under way at PhoenixMart, a huge bazaar-style trading center south of Phoenix, billed by its developers as the largest commerce center in the Western Hemisphere. COSTAR

 

Builders slow Phoenix land purchases in 2014

Homebuilders cut their spending on metro Phoenix land during 2014 as new home sales fell.

AZ CENTRAL

 

ASU slams USA Place developer, looks for new partners

Arizona State University officials contend real estate developers looking to create a $450 million project in Tempe missed deadlines to close the deal, asked for extensions and failed to deposit a required $1 million into an accessible escrow account as part of the deal.

PHOENIX BUSINESS JOURNAL

 

 

NATIONAL & INTERNATIONAL NEWS

 

U.S. Still Premier Location for Global Real Estate Investors, Survey Shows

Global investors continue to view the United States as the most stable and secure destination for real estate investment, according to a survey from the Association of Foreign Investors in Real Estate. REIT.COM

 

Low Oil Prices Threaten Office Sector in Houston

Though it’s good news for consumers, the recent drop in oil prices to less than $50 a barrel threatens to derail the success of some of the nation’s office markets. NATIONAL RE INVESTOR

 

Six Trends in Commercial Real Estate to Watch for in 2015

While many variables will determine the course of  U.S. commercial real estate, here are six potential trends for 2015 based on the current outlook: URBAN LAND

 

 

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01/16/2015 - 10:00

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