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