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Lee & Associates - Arizona | Week in Review | Friday, January 30, 2015

01/30/2015


LEE NEWS

 

Lee & Associates Arizona Welcomes David Lord to Multifamily Team

Lee & Associates is proud to announce the hiring of David Lord as Principal. David joins Todd Braun and Will Barnard to bolster Lee’s multifamily efforts. COMMERCIAL EXECUTIVE

 

VanTurst Preparing to go Vertical with Multifamily, Office and Industrial Projects

VanTrust Real Estate LLC is focusing on vertical development in the Valley with properties in Phoenix and Scottsdale that are planned for multi-family, industrial and office buildings. BREW

 

Phoenix forklift company buys land for new warehouse, expansion

A Phoenix forklift company has bought 3 acres of industrial land for $1.3 million and will build a new 15,000-square-foot-warehouse on the site. PHOENIX BUSINESS JOURNAL

 

Metro Commercial, Principal Life Developing 345,290 SF Industrial Park in Mesa

A venture formed by Metro Commercial Properties in Tempe and Principal Life Insurance Co. in Des Moines, Iowa plans to develop a 345,290-square-foot industrial park in Mesa. BREW

 

Exclusive: National commercial real estate firm enters Houston with acquisition

California—based Lee & Associates the nation's largest broker-owned commercial real estate firm, has expanded into Houston. HOUSTON BUSINESS JOURNAL

 

 

 

 

LOCAL NEWS

 

Gray Development Plans Mixed-Use Project in Biltmore Area

Gray Development Group in Phoenix plans to develop a mixed-use apartment, condominium and hotel project on a property located within the Biltmore area of Central Phoenix. BREW

 

SkySong 3 is now 90 percent leased

Two new key tech additions are coming to the newest building in SkySong, The ASU Scottsdale Innovation Center. An information technology solutions firm and an online technology and business library provider are going to call SkySong 3 their new home. AZRE

 

 

Hold the fiber: Phoenix still in the running for Google service

Phoenix is still in the running for the coveted faster Google Fiber, according to Google.

PHOENIX BUSINESS JOURNAL

 

Mesa farmland to develop after 30-year wait

After 30 years of waiting, a 21-acre farm lot along the Superstition Freeway in south-central Mesa appears finally headed for development, this time as a commerce park instead of the auto mall originally envisioned in 1985. AZ CENTRAL

 

Stanton: Super Bowl showcases re-branded Phoenix

In the midst of the Super Bowl excitement, Mayor Greg Stanton and the city’s Community and Economic Development Director Christine Mackay have unveiled a new campaign to send a clear message: Phoenix is hot for new economic opportunity. AZRE

 

 

NATIONAL & INTERNATIONAL NEWS

 

Locations where International Real Estate is Booming

In addition to cities like Los Angeles, Phoenix, Minneapolis, and Miami that are experiencing a healthy housing market, there are a number of booming locations internationally for both residential and commercial properties. THE NEWS FUNNEL

 

Sky-High Prices? Investors don’t seem to mind

After the most recent commercial real estate downward cycle in third quarter 2008, followed by a rebound in 1Q10, we are at a new crossroads where prices are clearly outpacing valuations. CCIM

 

Debt Funds Are Flush With Capital for Real Estate Deals

Private equity debt investments are coming off a successful fundraising year and the tide of capital moving into debt funds shows no signs of slowing in 2015. NATIONAL RE INVESTOR

              

 

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01/30/2015 - 10:00

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