Press Release brought to you by Lee & Associates
Lee & Associates - Arizona | Week in Review | Friday, July 11, 2014
LEE IN THE NEWS
Why the Phoenix multifamily market keeps pumping out sales and development plans
Fueled by profit-taking, low risk and high demand, the Phoenix-area multifamily real estate market keeps churning out property sales and new development plans. PHOENIX BUSINESS JOURNAL
Tech Tenant Takes Space in Scottsdale
Lincoln Property Company has signed a 30,000-square-foot lease with a nationally platformed technology tenant at the Camelback Square office project in Downtown Scottsdale. The confidential tenant commitment brings the Class A building to 95 percent occupancy. GLOBE ST.
Land bordering Scottsdale Road near Kierland sells for $6.5M
A Scottsdale Road parcel that is home to a Danny’s Family Car Wash has been sold in a cash deal for $6.5 million, or $2 million per acre. PHOENIX BUSINESS JOURNAL
Arizona, neighbors seen leading U.S. in economic gains
Arizona and most other Rocky Mountain states should grow faster than the nation as a whole this year, helping to shore up credit conditions for state and local governments, according to a new report.
Scottsdale Fashion Square expansion under construction
The 11th major expansion of Scottsdale Fashion Square, already Arizona's largest mall, is under construction near Scottsdale and Camelback roads. AZ CENTRAL
Sprouts moving HQ to North Phoenix
Sprouts Farmers Market, Inc.,one of the fastest growing retailers in the country, today announced it will be moving to a new corporate office to accommodate the company’s growth. The new headquarters at The Offices on High Street (formerly known as CityNorth) will be located at 5455 E. High Street in Phoenix.
PhoenixMart: Phase I of project given initial OK by Casa Grande Commission
Efforts to build a massive manufacturer sourcing center off Florence Boulevard inched forward Tuesday as the Casa Grande Planning and Zoning Commission gave a favorable recommendation to the preliminary plat plans for the first phase of PhoenixMart. CASA GRANDE DISPATCH
NATIONAL & INTERNATIONAL NEWS
FAA says real estate agents' drone use illegal
Real estate agents are increasingly taking their work to the skies, using remote-controlled aircraft to film bird's-eye-view video tours of homes, land and commercial properties. USA TODAY
Strong Quarter, Strong Outlook for Apartments
Life is good for apartment investors: rents are high, vacancies are low and the outlook for the future looks very, very strong, according to second quarter reports from real estate research firms.
Florida leads nation in international real estate sales
Florida again topped the nation as the state of choice among international real estate buyers, capturing 23 percent of sales transactions in the latest yearly report from the National Association of Realtors.
Commercial Real Estate Didn't Boom and Bust. Is This Why?
A research paper attributes the stability of commercial real estate at least in part to the “civilizing influence” of real estate investment trusts, which are a bigger presence in the market than they are in housing. BLOOMBERG
07/11/2014 - 09:00