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Lee & Associates - Arizona | Week in Review | Friday, January 24, 2014

01/24/2014

LOCAL NEWS

 

Lee News: Steady Pace Fuels Confidence in Phoenix Office Market

The Valley office market continued its modest resurgence during the fourth quarter and is expected to make greater progress in 2014. The year began with vacancy at 150-basis points higher than at year end, seven straight quarters of positive net absorption and steady, if not stellar leasing activity. PRLOG

 

100 percent of brokers in survey say: Phoenix commercial real estate is in recovery

The experts say Phoenix-area commercial real estate is officially in recovery mode, but still short of expansion. SONORANNEWS.COM

 

‘Little progress’ seen in metro Phoenix's new-home building

Higher prices, along with several other factors, are among the challenges to the recovery of metro Phoenix’s new-home market. AZCENTRAL

 

Arizona unemployment rate at lowest level since 2008

Arizona’s unemployment rate decreased to 7.6 percent in December, the lowest statewide jobless numbers since 2008. PHOENIX BUSINESS JOURNAL

 

 

NATIONAL/INTERNATIONAL NEWS

 
Lee News: Lee & Associates Senior Associate Negotiates $21 Million in Sales to End 2013

Allen Segal, senior associate in the Lee & Associates Los Olivos office, ended 2013 with a bang, closing upwards of $21 million in commercial transactions along the California coast.  NOOZHAWK

 

When It Comes To CRE, Banks Prefer to Lend, Not Lease

CRE Expected To Be a Top Driver of Loan Growth in 2014 Even as Banks Continue To Shrink Their Footprints. COSTAR

 

Outlook improves for construction -- if firms can find skilled workers

This year is shaping up to be a good year for the construction industry -- if contractors can find enough qualified workers. PHOENIX BUSINESS JOURNAL

 

Report: Troubles Ahead for Commercial Real Estate Loan Refinancing

With an estimated $1.4 trillion in commercial mortgages due to mature between 2014 and 2017, lenders and investors may be in for a flood of refinancing that could present new challenges for the market, according to a December 2013 year-end Trepp report. COMMERCIAL OBSERVER

 

 

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01/24/2014 - 10:00

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