Press Release brought to you by Lee & Associates

Lee & Associates - Arizona | Week in Review | Friday, May 2, 2014

05/02/2014



LOCAL NEWS

 

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.

AZCENTRAL

 

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.

MIDWEST RE NEWS

 

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.

PHOENIX BUSINESS JOURNAL

 

NOT RECEIVING WEEK IN REVIEW FROM LEE & ASSOCIATES ARIZONA? SIGN UP HERE
FOLLOW US ON FACEBOOK & TWITTER

05/02/2014 - 09:00

Source

Lee & Associates

Want more news about Lee & Associates? Click here