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Lee & Associates - Arizona | Week in Review | Friday, June 6, 2014

06/06/2014


LEE IN THE NEWS

 

Value-Add Opportunity for Self-Storage

A 120,000-square-foot portion of Premier Storage, a 218,748-square-foot self-storage condominium development located at 22230 N. Black Canyon Highway, has been sold for $6 million.

GLOBE ST.

 

Trade show company signs 75,660 SF 7-year lease

Conference Services International (CSI), a national trade show and exposition contractor, signed a 7-year lease for 75,660 SF at 4802 W. Van Buren St. in Phoenix. Move-in is expected on Sept. 1.

AZRE MAGAZINE

 

 

LOCAL NEWS

 

Arizona Banks Leading Resurgence in CRE Lending, Multifamily Lending Up 15% Nationally

The amount of commercial real estate loans on U.S. bank books has swelled by $93.4 billion in the past year, a 6% increase and now totals $1.6 trillion. COSTAR

 

Orsett Properties Breaks Ground on New Building at The Reserve at San Tan

Orsett Properties celebrated the start of construction on Building No. 4 at The Reserve at San Tan located in Gilbert. COMMERCIAL EXECUTIVE

 

Chandler eyesore may be redeveloped

A new development has been proposed to replace a six-story eyesore near Chandler Fashion Center. PHOENIX BUSINESS JOURNAL

 

Gilbert may get 50-acre industrial park

A 50-acre industrial park proposed near Gilbert and Germann roads could bring more office and warehouse space and new employment opportunities to Gilbert's developing central business corridor. AZCENTRAL

 

The cost of construction: Surprise sets new impact fee schedule, ordinance

With updated development impact fees in place, the Surprise City Council will consider a new ordinance to regulate them. ARIZONA.NEWSZAP.COM

 

 

NATIONAL & INTERNATIONAL NEWS

 

US employers add 217K jobs; rate stays at 6.3 pct

U.S. employers added 217,000 jobs in May, a substantial gain for a fourth straight month, fueling hopes that the economy will accelerate after a grim start to the year. AZCENTRAL

 

Secondary Markets to Experience Accelerated Rent Growth in 2014

Apartment rents will grow faster in many secondary markets than in the top primary markets like New York City and Los Angeles, according to 2014 projections from data firms Reis Inc. and Pierce Eislen.

NATIONAL RE INVESTOR

 

Global Investors Looking for Real Estate Bargains Flock to Spain

As one of the most moribund housing markets in Europe, Spain has become a magnet for global bargain hunters. NEW YORK TIMES              

 

 

 

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06/06/2014 - 09:00

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