Lee & Associates - Arizona | Week in Review | Friday, May 2, 2014
Lee in the News: McShane Entity Developing 155,000 SF of Spec Industrial Space
A venture formed by a division of the McShane Cos. in Rosemont, Ill. plans to develop a 155,000-square-foot speculative industrial project in Phoenix on the heels of the company selling a medical facility in Gilbert. BREW
Lee in the News: Forever Nutraceutical Expands to 38,500 SF
Forever Nutraceutical, LLC, a supplement products supplier has paid $1.82 million for a 38,500 SF manufacturing facility at 4250 E. Broadway Rd. in Phoenix, just one block from their current production facility. AZ BIG MEDIA
Arizona Construction Activity Might Hit $11.5B This Year
Arizona is looking down the road to more than $11.5B in taxable construction sales for the current fiscal year—the best number since 2008. AZBEX
Fall State Land Auction Makes Possible $1B, 225-Acre Biomedical Corridor
This project, however, is the first step in a 225-acre, $1B biomedical technology research and development project that will make the Arizona Biomedical Corridor (ABC) a reality. AZBEX
Big Arizona employers add to payrolls at steady pace
Sometime this year, probably in the next two or three months, the nation will recover all the jobs lost during the 2007-2009 recession. But Arizona won't reach that threshold this year, and possibly not in 2015, either.
490 Acres in Buckeye Purchased at $23K+ per Acre
The Kemper Marley Foundation in partnership with Jeff Garrett of Garrett Development have closed on a 490 acre development known as Westwind in Buckeye, AZ. VIZZDA NEWS
NATIONAL & INTERNATIONAL NEWS
Lee in the News: Lee & Associates helps auto-parts manufacturer find new home in Missouri
Martinrea International, one of the largest global Tier-1 auto-parts suppliers, has signed a long-term, build-to-suit lease to occupy a 275,560-square-foot building that is expected to be completed by early 2015.
Lee & Associates Arranges $24.2 Million Acquisition of Iconic Charleston Cigar Factory
Lee & Associates has arranged the $24.2 acquisition of the 244,000 square foot Cigar Factory building, located at 701 E. Bay St. in Charleston, S.C. MOULTRIE NEWS
U.S. economy adds 288,000 jobs in April; jobless rate falls to 6.3 percent
New government data released Friday morning showed the nation added 288,000 jobs in April, a reassuring sign that the economy has picked up momentum since stalling out over the winter.
PHOENIX BUSINESS JOURNAL
Early Returns Show REITs Starting 2014 On Strong Note
First Round of Earnings Reports Indicate Strong Property Fundamentals Generally Overcoming Hit from Bad Weather, Meandering Pace of Economic Recovery COSTAR
Lincoln Property to start first north of Market office tower in S.F. in a decade
For the first time in more than a decade, a new office building is coming to the financial district in San Francisco. Lincoln Property Co. just lined up a Chinese investor to start construction on 350 Bush St. and 500 Pine St., a two-building project that will total 428,000 square feet of Class A office space.
SF BUSINESS TIMES
Sales of small businesses remain on growth trend that started a year ago
Sales of small businesses remained at high levels in the first quarter of 2014, continuing the growth trend that began in Q1 of 2013, according to BizBuySell, an Internet-based business-for-sale marketplace.