Lee & Associates - Arizona | Week in Review | Friday, October 17, 2014
LEE IN THE NEWS
Irgens breaks ground on Portico Place II in Chandler
Irgens has broken ground on Portico Place II, a 48,173 sf, two-story, class-A multi-tenant office building located at 2195 West Chandler Boulevard. AZRE
Lee & Associates | Q3 2014 Phoenix Office & Industrial Market Conditions
A third quarter look by Lee & Associates at the Phoenix office and industrial market conditions.
Developers' favorite tax breaks are back in vogue around Phoenix
Real estate developers are again looking to get property tax breaks from Valley cities. They are applying for Government Property Lease Excise Tax treatment from cities such as Phoenix, Chandler and Tempe as well as one case involving Maricopa County.
Cooperation blooming between Mexico and Arizona
The frank and friendly exchanges came during a trade-mission visit to the Mexican capital by dozens of Arizona officials seeking to expand trade opportunities, particularly for small- and medium-size businesses. AZCENTRAL
Phoenix commercial real estate in recovery
It’s shaky, but improving. Experts say the Phoenix-area commercial real estate market is now officially in a slow recovery mode. A full 100 percent of the real estate brokers participating in a quarterly survey by the W. P. Carey School of Business at Arizona State University indicate they feel “optimistic,” and 84 percent believe the market is on an upswing. ASU NEWS
ADOT seeks teams for $1.8B Loop 202 South Mountain extension
Arizona Department of Transportation is looking for teams to design, build and maintain the $1.8 billion South Mountain extension of Loop 202. PHOENIX BUSINESS JOURNAL
NATIONAL & INTERNATIONAL NEWS
Economists Predict Steady CRE Growth Ahead Despite Undercurrents of Global Turmoil
A consensus survey of economists and analysts convened by the Urban Land Institute and EY Real Estate predicts solid but not spectacular returns for U.S. real estate investors as moderate economic growth supports a steady strengthening in commercial real estate capital markets and fundamentals over the next three years. COSTAR
NYC commercial real estate industry is having its strongest year since 2007
The commercial real estate industry is having its strongest year since 2007 thanks to rapidly rising prices, according to a new report released Wednesday as New York City building sales are on track to top $52 billion in 2014, over $12 billion more than last year, the report shows.
NY DAILY NEWS
Shopping Centers: America’s First and Foremost Marketplace
Without a doubt we are experiencing one of the most profound periods of evolution within our industry since the advent of the first suburban malls in the mid 1950’s. ICSC BLOG
Will the Continued Growth of the Healthcare Industry Spur the CRE Market?
Commercial property owners have actually been able to benefit from the continued growth of the healthcare industry. A strong demand for medical offices was seen last year and this is a demand many brokers expect to continue this year. THE NEWS FUNNEL
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