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Lee & Associates - Arizona | Week in Review | Friday, May 23, 2014

05/23/2014


LOCAL NEWS

 

Camelback corridor office complex sells for $85 million

The Anchor Centre office complex along Phoenix's popular Camelback Corridor has sold for $85 million. The sale of the 340,000-square-foot development is the priciest office deal in the region in at least two years. AZCENTRAL

 

Tesla will soon narrow, then name $5B battery factory winner

Tesla Motors Inc. will soon narrow the search for its much coveted and ballyhooed $5 billion electric battery factory with a final pick within two or three months. PHOENIX BUSINESS JOURNAL

 

Goodyear Gateway South Groundwork Underway

More than $5M in site development improvements are slated for the Goodyear Gateway South industrial park being developed by EJM Development Co. AZBEX

 

Arizona, U.S. small businesses still bothered by economic concerns

Concern about continuing economic uncertainty is still plaguing small business owners around the U.S., according to a study by Cox Business released to coincide with National Small Business Week.

PHOENIX BUSINESS JOURNAL

 

New to Market: The Landing at Gateway

The Landing at Gateway is a development within a growing area of the Mesa, Ariz., that establishes a complementary mix of commercial and employment opportunities. AZ BIG MEDIA

 

NATIONAL & INTERNATIONAL NEWS

 

Real Estate Gains Keep Canadian Consumer Sentiment Near Highs

Rising real estate prices and low interest rates are keeping Canadian households upbeat. BLOOMBERG

 

Hotels Are Star Performers In Commercial Real Estate

Commercial real estate usually has winners and losers. For a long time, multifamily apartments were popular with investors looking for good returns and appreciation. Now hotels are hot. INVESTORS.COM


2014: Year of the Landlord?

When it comes to leasing negotiations, the pendulum has finally swung back in the landlord’s favor—at least according to retail REIT executives who’ve made it to this year’s RECon show. NATIONAL RE INVESTOR

 

Retailers at RECon are hungry for space to grow

There is nothing more attractive to a shopping-center owner than a retailer with ambitious expansion plans, and plenty of chains are exhibiting and cruising the floor at RECon this year on a hunt more store space.

ICSC NEWS

 

Mortgage Rates for U.S. Loans Fall as 30-Year at 4.14%

U.S. mortgage rates sell for a fourth week, reducing borrowing costs for homebuyers during the key spring selling season. BLOOMBERG

 

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05/23/2014 - 09:00

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