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Lee & Associates - Arizona | Week in Review | Friday, November 6, 2015

11/06/2015


LEE NEWS

 

Lee & Associates Promotes Pete Batschelet to Principal Lee & Associates is proud to announce the promotion of Pete Batschelet to Principal. PR LOG

 

Better Business Bureau buys McMurry buildings, advertising firm moving to Old Town The Better Business Bureau has bought two office buildings in north-central Phoenix for $4.3 million. The seller was McMurry Properties Inc. PHOENIX BUSINESS JOURNAL

 

LOCAL NEWS

 

Phoenix cancels controversial downtown land sale Phoenix City Manager Ed Zuercher on Wednesday canceled the sale of a prime piece of city-owned land downtown after a developer accused Councilman Michael Nowakowski of not disclosing a conflict related to the deal. AZ CENTRAL

 

Plans for Paradise Valley Ritz-Carlton move forward A Ritz-Carlton in Paradise Valley is moving forward another step after the town's planning commission approved changes requested for future construction. PHOENIX BUSINESS JOURNAL

 

Study: Arizona, other Mountain states to lead economic growth in 2016 Arizona and other Mountain states could have the nation's top economic growth next year, according to a report, partly by sidestepping the negative fallout from lower oil prices and a trade slowdown. AZ CENTRAL

 

NATIONAL & INTERNATIONAL NEWS

 

Office, Multifamily Construction Expected to Drive Gains In 2016 Office, shopping center, warehouse and hotel construction will increase 11% in 2016, up from the 4% gain estimated for 2015, with office development resuming its historical role as the leader in the commercial building upturn, according to the newly released 2016 Dodge Construction Outlook. COSTAR

Morgan Stanley Makes a Comeback in Real Estate Amid an otherwise dismal third quarter, the New York investment firm enjoyed a bit of good news from a unit whose staggering losses during the property bust were viewed as an emblem of the era’s excesses. WALL ST. JOURNAL

 

The Real Economic Recovery Is Finally Here Is a real recovery finally here? That’s what the latest U.S. employment data appears to be telling us. TIME.COM

 

Private Equity Funds Sitting on $244 Billion of Cash Earmarked for CRE In case anyone thought private equity funds might start shying away from ever-pricier commercial real estate, the numbers would say otherwise. COSTAR

 

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11/06/2015 - 10:00

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