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Lee & Associates - Arizona | Week in Review | Friday, March 6, 2015

03/06/2015

LEE NEWS

Lee & Associates Arizona Welcomes Victoria Benavidez
LEE & ASSOCIATES

 

LOCAL NEWS

Phoenix revitalization vision could redevelop strip malls
The city of Phoenix is looking at a plan to revitalize neighborhood commercial areas and help landowners revamp or remove excess or outmoded strip malls. PHOENIX BUSINESS JOURNAL

 

Mixed-use development project holds groundbreaking ceremony in Roosevelt
neighborhood
Downtown residents — and Phoenix Mayor Greg Stanton — can finally answer one question that has long been on their minds when going down Roosevelt Street after ground broke for a new set of apartments. DOWNTOWN DEVIL

 

Phoenix transit extension is about economic growth, not congestion relief
Extending light rail isn't about congestion relief, said state officials at the Arizona Forward "Who's Driving Transportation" session Feb. 26. It's about economic development. PHOENIX BUSINESS JOURNAL

 

Demand sees US pending home sales reach highest level since August 2013
Improved buyer demand at the beginning of 2015 pushed pending home sales in the United States in January to their highest level since August 2013, according to the latest figures to be published. PROPERTY WIRE

 

NATIONAL & INTERNATIONAL NEWS

 

A 'Goldilocks economy' for commercial real estate
More than five years since the official end of the Great Recession, this is shaping up to be a recovery for the ages — and for commercial real estate. CNBC

 

Investors Can Lock In Attractive Commercial Real Estate Investment Yields
Commercial real estate strength transcends across all markets and asset classes Bruce Batkin, CEO of Terra Capital partners, tells TheStreet's Jill Malandrino. THE STREET

 

Apartment Sales Up 42% in January
2014's apartment sales momentum continues into 2015 as equity funds increase their stake in the market. MULTIFAMILY EXECUTIVE

 

Principal Real Estate Investors Releases 2015 U.S. Commercial Real Estate Outlook
The report details the key themes expected to drive the U.S. commercial real estate market in 2015, including stronger economic growth in the United States and continued accommodative monetary policy. MARKETWATCH

 

Low Vacancy, Limited Construction Boost Medical Office Building Sales
Medical office investors today have to be thankful they’re already in the game—vacancy in the sector is down, investment sales are at their highest and new construction is still falling behind current demand. NATIONAL RE INVESTOR

 

 

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03/06/2015 - 10:00

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