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Lee & Associates - Arizona | Week in Review | Friday, March 27, 2015

03/27/2015

LEE NEWS

 

Offroad Truck Design Firm Leases 62,710 SF in Two Mesa Warehouses
A Mesa-based offroad truck and SUV design and parts manufacturing company has signed for a 3-plus year lease at 308 S. Extension Rd. in Mesa. The property is comprised of a 44,004 SF and a 22,706 SF building. COMMERCIAL EXECUTIVE

 

Ventura County Signs Year's Biggest Lease
The Human Services Agency of Ventura County has leased 57,200 square feet at Younan Executive Center in Simi Valley, in what is said to be the largest single lease so far this year in Ventura County. SAN FERNANDO VALLEY BUSINESS JOURNAL

 

 

LOCAL NEWS

 

Census: Phoenix area population grew rapidly
Maricopa County's population grew more than all but one other county in the nation last year, according to U.S. Census Bureau estimates released Thursday. AZCENTRAL

 

Buildout Underway at Discovery Campus
A five-story, 228-room hotel will be built on nearly six acres of the 136-acre Discovery Business Campus northwest of Loop 101 and Elliot Road, pending approval by Tempe. AZBEX

 

$200M infill developments coming to Old Town Scottsdale, Central Avenue
Scottsdale-based Deco Communities has $200 million worth of new infill condominium developments underway or in the works in Old Town and central Phoenix. That includes a new Phoenix project on Central Avenue near Thomas Road. PHOENIX BUSINESS JOURNAL

 

Rental Boom is $9.9B Boon to Phoenix Economy
The apartment industry emerged as one of the strongest sectors coming out of the Great Recession, and a new study shows just how much the Phoenix economy benefited from the rental boom. GLOBE ST.

 

Church property tax cut bill sent to Arizona Gov. Ducey
A state bill cutting property taxes for churches that lease space in commercial buildings has been sent to Gov. Doug Doucy. PHOENIX BUSINESS JOURNAL

 

 

NATIONAL & INTERNATIONAL NEWS

 

Delinquencies fall as banks make more loans
The pile of bad commercial real estate debt has melted away like a snowbank in March. But the hot real estate market hasn't shrunk it all. CRAIN’S CHICAGO BUSINESS

 

Sales of New U.S. Homes Unexpectedly Rise to Seven-Year High
Purchases of new homes in the U.S. unexpectedly rose in February to a seven-year high as stronger job gains helped bolster industry activity amid severe weather.
BLOOMBERG BUSINESS

 

Research Suggests Apartments Contribute $1.3 Trillion to U.S. Economy
Doug Bibby, president of the National Multifamily Housing Council (NMHC), joined REIT.com for a video interview to discuss research on the economic impact of the apartment industry in the United States. REIT.COM

 

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03/27/2015 - 09:00

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