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Lee & Associates - Arizona | Week in Review | Friday, January 31, 2014

01/31/2014

 

LOCAL NEWS

 

Super Bowl eyes start toward Arizona; organizers, economic developers head to NY

While the National Football League wrings its hands over a possible wintry Super Bowl, organizers of next year’s game in Glendale along with Arizona economic developers and tourism promoters also are braving cold temperatures in New York this week. PHOENIX BUSINESS JOURNAL

 

Mark-Taylor Developing Luxury Rental Project at Former Rawhide Site in Scottsdale

Mark-Taylor Inc. in Scottsdale (Jeff Mark, Scott Taylor, principals) plans to build a 252-unit luxury rental complex on a portion of the former Rawhide western town theme park in Scottsdale. BREW

 

Pot-dispensary zoning eased

The Board of Supervisors unanimously approved a zoning ordinance allowing medical-marijuana dispensaries in Maricopa County’s unincorporated areas. AZCENTRAL

 

Major Planning Activity in Eastmark as Six Subdivisions Clear Mesa City Council

Eastmark will soon see new development activity as Mesa City Council recently approved six final subdivision plats within Development Units 8 & 9 of the master planned community. VIZZDA NEWS

 

Market Trend: Phoenix's Retail Vacancy Decreases to 10.4%

The Phoenix retail market experienced a slight improvement in market conditions in the fourth quarter 2013. COSTAR

 

 

NATIONAL/INTERNATIONAL NEWS

 

Stable market is one of the real-estate trends forecast for ‘14

Stable. Balanced. Those are words we haven’t heard in a while when it comes to describing the real-estate market. But they’re among the top trends to expect to see locally and nationally for 2014, analysts and real-estate professionals say. AZCENTRAL

 

New home sales disappoint in December, but still up 16.4% for 2013

Sales of new homes fell by 7 percent in December, a larger than expected decline. Despite last month's drop, new home sales jumped 16.4 percent for 2013 as a whole, according to the Census Bureau.
PHOENIX BUSINESS JOURNAL

 

For U.S. Office Market, It Was a Very Good Year

Investors Have Cause to Celebrate Gains in 2013 as Office Recovery Hits Only the Halfway Point COSTAR

 

Warehouses Becoming Boon for Commercial Real Estate

Warehouses are becoming a commercial real estate boon, as more retailers beef up their online business. REALTORMAG

 

 

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01/31/2014 - 10:00

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