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Lee & Associates - Arizona | Week in Review | Friday, June 13, 2014

06/13/2014


LOCAL NEWS

 

Real estate company expects to tear down Elevation Chandler project by early 2015

The concrete structure called Elevation Chandler was intended to be a luxury hotel and would have provided the Chandler Fashion Center located next door a steady stream of consumers. It now sits vacant and exposed on an empty dirt plot and serves as a stark juxtaposition to the prosperous shopping center.

EAST VALLEY TRIBUNE

 

Arizona REIT to pay $200M for health care properties, including two in Boston

Healthcare Trust of America has inked a deal to pay $200 million for a portfolio of medical-office buildings that includes a pair of prominent properties occupied by Tufts Medical Center in Boston.

BOSTON BUSINESS JOURNAL

 

Phoenix infill lots garner $2.8 million

Two Central Phoenix infill lots totalling 4.1 acres garner much interest, development plans.

PHOENIX BUSINESS JOURNAL

 

Optima’s Newest 1.5MSF, 4-Building Midrise at Kierland

Furniture row on North Scottsdale Road will have more new apartments to decorate. Four 12-story mid-rise buildings with apartments and a luxury boutique hotel are proposed by Optima on the site of the former Robb & Stuckey Furniture galleries at Scottsdale Road and Kierland Boulevard. AZBEX

 

As U.S. fills its job hole, Arizona shortfall lingers

Before the Great Recession, most of America might have looked at Arizona's job growth with envy. Now, in some ways, it's Arizonans who look longingly. AZCENTRAL

 

 

NATIONAL & INTERNATIONAL NEWS

 

Job openings soar to highest since 2007

Job openings in April soared to their highest level in almost seven years in another sign of the labor market's growing strength. USA TODAY

 

China’s First-Home Buyers Shrink as Market Slows, Survey Shows

The ranks of China’s first-home buyers have shrunk amid a market slowdown, according to a report from the Survey and Research Center for China Household Finance. BLOOMBERG

 

U.S. Economy Still Faces Stagnation Despite Strong Response To Financial Crisis

The U.S. managed to create the fastest and strongest response to a major financial crisis in history; however, more still needs to be done before the economy fully recovers from the 2008 financial crisis, said Lawrence Summers. FORBES

 

Creating and Attracting Vibrant Mixed-Use Developments

Many of the nation’s developers, businesses, residents and city planners are more interested in mixed-use development than ever before. NATIONAL RE INVESTOR

            

 

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06/13/2014 - 09:00

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