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Lee & Associates - Arizona | Week in Review | Friday, March 11, 2016

03/11/2016



LEE NEWS

 

Harrison Properties to Construct 80,000 SF Office Building in Chandler Chandler Elliot Partners, LLC, an investment partnership headed by Jim Harrison of Harrison Properties, has purchased a 12.8-acre commercial land site at the SEC of Arizona Ave. and Elliot Rd. in Chandler for the construction and development of an 80,000 SF office building preleased to the Arizona Department of Economic Security (DES). COMMERCIAL REAL ESTATE EXECUTIVE

 

 

LOCAL NEWS

 

 

Arizona unemployment rate tumbled in January Arizona’s economy is growing faster than the national average, a trend that Wells Fargo senior economist Mark Vitner sees continuing and rising in 2016. AZ CENTRAL

 

Pulte and Taylor Morrison Paying a Cool $100 Million for State Land in North Valley In a deal that shows land values have recovered in the Phoenix market, the Arizona State Land Department has made its highest fee property sale in the Phoenix area in nine years. BREW

 

Downtown movie theater’s future up in the air? There’s plenty of talk around downtown Phoenix on the future of the AMC Theatres multiplex at the Arizona Center. PHOENIX BUSINESS JOURNAL

 

Southwest Construction Starts Keep Climbing up Activity in the region continues to gain momentum, which may lead to slight cost increases by the end of 2016 ENR SOUTHWEST

 

Phoenix Warehouse District Comeback Evokes NYC’s Meatpacking District In recent years, The Warehouse District has been experiencing an economic comeback that is being driven by interest from tech and creative companies. GLOBE ST.

 

 

 

 

 

 

NATIONAL & INTERNATIONAL NEWS

 

REITs Continue to Outpace Broader Market In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, pointed out that while REIT returns dropped modestly in February, the sector outperformed the broader market on a year-to-date basis. REIT.COM

 

Here's What'l Keep China Economy Watchers Busy This Weekend The bright spot may be retail sales, which probably showed continued improvement with a 10.9 percent gain from a year earlielr, according to a Bloomberg survey of economists. BLOOMBERG NEWS

 

Get Ready for Liquidity Crunch in Late 2016? We dive into what is causing the choppiness in the CMBS markets, and alternatives where borrowers are heading to refinance pending loan maturities. NATIONAL RE INVESTOR

 

 

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03/11/2016 - 05:00

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