Press Release brought to you by Lee & Associates

Lee & Associates - Arizona | Week in Review | Friday, July 3, 2015

07/03/2015



LEE NEWS

 

Northwest Tempe Office Warehouse Building Trades for $3.3 Million A 33,400 SF warehouse at 1917-1965 W. First St., in Tempe near Rio Salado Pkwy. and Priest Dr. sold for $3,316,010 or $99.28 per square foot in an all-cash deal. PRLOG

 

 

LOCAL NEWS

 

Is Downtown Phoenix Ready for a Renaissance? Apparently Phoenix Mayor Greg Stanton has thrown down the gauntlet. According to Andy Weflen, regional director of analytics for GlobeSt.com Thought Leader Xceligent, a rivalry of sorts has grown between the mayors of Arizona’s urban heart and Tempe. GLOBE ST.

 

Phoenix plans to ride rails to economic prosperity When Phoenix voted in 2000 to pump $1.4 billion into building the backbone of the Metro light rail system, Mayor Greg Stanton said residents were way ahead of the curve. PHOENIX BUSINESS JOURNAL

 

Online insurer Zenefits adding 700 jobs in Tempe Zenefits, an online health insurance broker, is adding 700 new jobs in a new office in Tempe, a move that would complete a planned three-year expansion of the company in little more than one year, officials said Monday. AZCENTRALAZCENTRAL

 

 

NATIONAL & INTERNATIONAL NEWS

 

U.S. economy adds 223,000 jobs in June as jobless rate drops to 5.3% The U.S. economy last month added an estimated 223,000 new jobs in June as the nation remains on a steady if unspectacular five-year-old recovery from the last recession. MILWAUKEE JOURNAL SENTINEL

 

Office Market Is on a Slow Roll Increase in office space was strong in second quarter but a relatively modest expansion by historical standards. WALL ST. JOURNAL

 

International Capital Now Involved in Nearly 20% of Total CRE U.S. Sales Volume The gusher of foreign capital flowing into U.S. commercial real estate continues to surge. It has had such an impact on the market that even presidential hopefuls are referencing it in campaign stump speeches. COSTAR

 

 

NOT RECEIVING WEEK IN REVIEW FROM LEE & ASSOCIATES ARIZONA? SIGN UP HERE FOLLOW US ON FACEBOOK & TWITTER

07/03/2015 - 09:00

Source

Lee & Associates

Want more news about Lee & Associates? Click here