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Lee & Associates - Arizona | Week in Review | Friday, January 29, 2016

01/29/2016



LEE NEWS

 

 

Lee & Associates Team Negotiates Scottsdale Airpark Sale for $4.4 Million Lee & Associates brokers negotiated the sale of an off-market, 28,241 SF industrial building at 7434 E. Monte Cristo Avenue, Scottsdale for $4,400,000. Price per square foot was calculated at $155.80 per SF. PR LOG

 

 

LOCAL NEWS

 

 

Class-A Office Gets Class-A Funding

A 523,673-square-foot institutional-grade office park located at the intersection of Highways 101 and 202 has just received refinancing to the tune of $93 million. GLOBE ST.

 

 

Phoenix looks to hire California firm to help study new downtown arena

The city of Phoenix wants to hire a California consulting to group to help it study a potential new sports arena in downtown Phoenix. PHOENIX BUSINESS JOURNAL

 

 

Historic Welnick Marketplace shaped into reuse project The historic Welnick Bros. Marketplace building in downtown Phoenix has sat vacant for the past decade. But now, developers plan to restore it as an adaptive reuse project with restaurant, retail and entertainment space. AZRE MAGAZINE

 

 

Venture capital deals up in U.S., down in Arizona Nationally, venture capital investments in young companies hit $58.8 billion across 4,380 deals in 2015, the second-highest monetary total in 20 years, but Arizona's share declined to well below 1 percent of the U.S. total. AZ CENTRAL

 

 

Tucson Commercial Real Estate Inches Up Again in 2015 Commercial real estate in Tucson showed incremental improvement in 2015, according to Tucson Realty and Trust Company's year-end report. ARIZONA PUBLIC MEDIA

 

 

 

NATIONAL & INTERNATIONAL NEWS

 

 

What is all the property in the world worth?

The total value of world real estate reached $217 trillion in 2015 – $217 million million – and is more than 12 times US GDP, or 21 times China’s GDP. THE TELEGRAPH

 

 

A Forward Look at Retail Construction

Leading up to the economic downturn in 2008, retail was the only property type to experience a significant inventory increase. Not so now. NATIONAL RE ONLINE

 

 

Six Trends in U.S. Commercial Real Estate to Watch for in 2016

The U.S. property market landscape in 2016 will appear much like it did in 2015, with a number of interwoven aspects that bode well for savvy investors who can step out in front of ongoing—and, in some cases, intensifying—economic, demographic, and technological trends. URBAN LAND INSTITUTE

 

 

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01/29/2016 - 05:00

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