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Lee & Associates - Arizona | Week in Review | Friday, June 19, 2015

06/19/2015


LEE NEWS

 

Lee & Associates Opens First Office in Pennsylvania Lee & Associates, the largest broker-owned commercial real estate firm in the United States, has announced the opening of Lee & Associates of Eastern Pennsylvania LLC, the firm’s first office in Pennsylvania. MARKETWATCH

 

 

 

LOCAL NEWS

 

Memphis firm buys SkySong Scottsdale Apartments The SkySong Scottsdale Apartments have been purchased by a Memphis-based company in a transaction highlighting how the overall mixed-use development is creating a significant economic impact. AZRE

 

 

Arizona lags Texas, California, other states in economic growth Arizona continues to see sluggish post-recession economic growth and productivity. Arizona was one of only nine U.S. states that saw per capita GDP declines last year, according to new data from the Pew Charitable Trusts. PHOENIX BUSINESS BLOG

 

 

Seven-Story Shoeman Office Tower Coming Soon Near Scottsdale and Camelback On Tuesday Triyar Companies and Oaktree Capital Management paid $6 million for a 0.85 acre-parcel planned for a new office building. The “Shoeman Office Tower” will stand seven stories and total 207,000 square feet.  VIZZDA

 

 

Sears sells Chandler, Arrowhead stores in $50M sale leaseback deal Sears Holdings Corp. has sold its Arrowhead Towne Center and Chandler Fashion Center stores for almost $50 million in a sale leaseback deal. PHOENIX BUSINESS JOURNAL

 

 

NATIONAL & INTERNATIONAL NEWS

 

Growth in Commercial Real Estate Prices Levels Off After First Quarter Surge Commercial property prices leveled off in April, like a jet reaching cruising altitude, after sales volume and property prices took off in the first three months of the year, gaining more than 5% in the first quarter of 2015. COSTAR

 

Multifamily Developers Counting on Demand Through 2017 Developers planning new apartment buildings today won’t finish for two years or more in many parts of the country—hundreds of thousands of apartments now under construction have already softened the national multifamily markets. But many developers are now planning new projects anyway. NATIONAL RE INVESTOR

 

Auction.com to Sell US Commercial Real Estate to Chinese Buyers The US property market has recently opened another venue for foreign buyers, particularly from China, to purchase properties without ease. REALTY TODAY

 

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06/19/2015 - 09:00

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