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Lee & Associates - Arizona | Week in Review | Friday, May 6, 2016

05/06/2016





LOCAL NEWS

 

 

Report: March construction starts see increase According to the Dodge’s data, construction spending in 2016 on nonresidential properties totaled $158,064,000, a four percent increase from 2015’s $152,534,000. AZRE MAGAZINE

 

Millennials, Boomers, retirees, boomerang buyers all boosting metro Phoenix's housing market again Homes priced right and in the areas and price ranges these buyers want are selling faster than they have in a decade. AZ CENTRAL

 

Arizona officials focus on bringing tourism to the Valley According to Arizona officials, tourism is the largest sector in Arizona, with $20.9 billion attributed to visitor spending in 2014.

EAST VALLEY TRIBUNE

 

Caterpillar bringing regional headquarters, hundreds of six-figure jobs to Arizona The Peoria, Illinois-based mining and construction equipment manufacturer will open a regional headquarters in downtown Tucson and hire 600 for the new facility, reports The Arizona Daily Star. PHOENIX BUSINESS JOURNAL

 

Optima Kierland opens to highly receptive market The $500 million project, Optima Kierland, a high-rise luxury condominium community in the North Scottsdale Kierland neighborhood, has opened for sales to a highly receptive market. AZRE MAGAZINE

 

 

 

 

 

NATIONAL & INTERNATIONAL NEWS

 

 

Capital markets still look healthy – and that’s good for commercial real estate At a breakfast forum Wednesday at the Ritz-Carlton, it seemed like the good times might just keep rolling in the commercial real estate world. CHARLOTTE OBSERVER

 

What's Behind China's Worldwide Real Estate Shopping Spree? In the recent wave of Chinese investors going global, it is remarkable how much goes into real estate and other businesses that have a large element of fixed assets. These investments reveal a lot about the forces driving the spread of Chinese capital. FORBES

 

Four Top Economists Give Their Take On The $15/Hour Minimum Wage's Impact On Real Estate Here's what four elite economists have to say about the $15/hour minimum's impact on commercial real estate. BISNOW

 

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05/06/2016 - 05:00

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