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Lee & Associates - Arizona | Week in Review | Friday, March 14, 2014

03/14/2014


LOCAL NEWS

 

Lee in the News: Gregg Kafka Promoted at Lee & Associates

Gregg Kafka has been promoted to associate at Lee & Associates Arizona. He was a Runner with The Coppola Cheney Group for 30 months and will now join the team as a broker. AZBIGMEDIA

 

Arizona unemployment rate drops in January

Arizona's unemployment rate is down slightly. State Department of Administration researchers say the seasonally adjusted unemployment rate for January was 7.5 percent, down from 7.6 percent in December.

EAST VALLEY TRIBUNE

 

Developer proposes new additions to Scottsdale Quarter

Glimcher Realty Trust has submitted plans for the next phase of Scottsdale Quarter. The proposed building at Butherus Drive and 73rd Street would have 30,000 square feet of retail, topped by office space. The building would be six stories tall with an integrated garage. AZCENTRAL

 

How to improve Arizona’s commercial real estate market?: Bring us jobs

Richard Hubbard, the CEO of Valley Partnership, a commercial real-estate association, talks about the real-estate market and lessons learned from the Great Recession. AZCENTRAL

 

Bob Parsons buys 223-acre residential project next to Scottsdale National Golf Club from Lyle Anderson

Six months after acquiring what is now called Scottsdale National Golf Club, billionaire GoDaddy founder Bob Parsons has purchased Lyle Anderson’s adjacent Sierra Reserve residential project for an unknown price. PHOENIX BUSINESS JOURNAL

 

 

NATIONAL & INTERNATIONAL NEWS

 

Lee in the News: Lee & Associates Negotiates $6 Million Industrial Sale in Gardena

The Los Angeles-Long Beach office of Lee & Associates, the largest broker-owned commercial real estate firm in the country, has negotiated the $6 million sale of a 40,000-square-foot industrial building, situated on 196,216 square feet of land, located at 14611 S. Broadway St. in Gardena, Calif. REAL ESTATE RAMA

 

Industrial Space Demand Could Approach Record Levels in 2014

A new report released by the NAIOP Research Foundation says that net demand for industrial space could reach 250 million square feet in 2014, surpassing the near-record level of 233 million square feet set in 2013. AZBIGMEDIA

 

Influx of Commercial Real Estate Lending Expected in 2014

After three years of momentum building in commercial property lending, analysts are projecting that institutional lenders will place what could be record amounts of capital into commercial real estate in 2014. REIT.COM

 

CRE Prices Continue Upward March in January

Shrugging off a seasonal slowdown in trading activity, commercial real estate prices continued their steady upward movement in January. COSTAR

 

Vague So. Cal. commercial drone rules pose questions for real estate agents

Using property video from a drone tumbles into a gray area of current rules about commercial drone flights. MYDESERT.COM

                   

 

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03/14/2014 - 09:00

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