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Lee & Associates - Arizona | Week in Review | Friday, May 27, 2016

05/27/2016




LOCAL NEWS

 

 

Arizona's economy is shining brighter than overall U.S.

Arizona’s 9.7 percent growth in jobs since 2009 tops the national rate of 9.3 percent.

PHOENIX BUSINESS JOURNAL

 

 

 

PhoenixMart, Outlet Center to Move Ahead

PhoenixMart is a 1.6 million-square-foot international trade and exposition center that is promoted as the Western Hemisphere’s largest merchandise marketplace, offering a worldwide cross-section of thousands of businesses in one location. AZ Sourcing says two of its Pinal County projects are moving forward.

AZ BUILDERS EXCHANGE

 

 

 

Sports Authority shutting down all locations

Sports Authority, in planning to close all of its stores and is set to launch its going-out-of-business sales this week, according to court documents. AZ CENTRAL

 

 

 

Why John Hancock Investments picked Tempe for new regional office

A solid workforce, western time zone and quality of life are three of the top reasons Tempe won out over two other cities as the western regional office for John Hancock Investments. PHOENIX BUSINESS JOURNAL

 

 

 

 

 

 

NATIONAL & INTERNATIONAL NEWS

 

 

Apartment REITs Continue Their Selling Spree

Apartment REITs continue to cash in on their highly-priced properties as they prune their portfolios.

NATIONAL RE ONLINE

 

 

 

Miami Tower Trades for $220M

LaSalle Investment Management has sold the 631,672-square-foot, Class A, Miami Tower to Sumitomo Corp. of the Americas for $220 million. HFF represented the seller in the transaction. CONNECT CRE

 

 

 

RECon Recap: Shopping Center Owners, Store Chains Deal With Contradictions of Shifting Retail Landscape

Amid Frenetic Activity In Crowded Convention Halls, Retailers and Landlords Spoke of 'Playing Defense,' 'Adjusted Expectations' Even As Shopping Center Fundamentals Remain Strong. COSTAR

 

 

 


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05/27/2016 - 05:00

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