Press Release brought to you by Lee & Associates

Lee & Associates - Arizona | Week in Review | Friday, October 30, 2015

10/30/2015

LEE NEWS           


LKQ Corp. takes 100 percent at Canal Crossing Logistics Center
Fortune 500 company, LKQ Corp., has signed a 10-plus year lease agreement for an additional 46,054 SF at Canal Crossing Logistics Center, 5670 S. 32nd St. in Phoenix. The company will now occupy 100% of the 155,114 SF building. PR LOG

 

 

CRE Continues March Toward Balance Both the Phoenix office and industrial markets had a strong showing in third quarter. The office sector is still faced with a 20%-plus vacancy, however, increasing net absorption has helped bring it down from more than 27% a few short years ago. GLOBE ST.

 

 

Orange County group buys 'Arizona Republic' property Tustin, California-based Greenwood & McKenzie Real Estate Investments has bought an East Valley distribution building occupied by the Arizona Republic. PHOENIX BUSINESS JOURNAL

 

LOCAL NEWS

 

McDowell Road’s ‘Miracle Mile’ highlights Phoenix area’s international diversity, culture The clothes on his back and crumbled documents were the only two possessions Ethiopian refugee Anduale Hassan had to his name after stepping off of the plane at Sky Harbor International Airport. A government official stared when he first saw Hassan. AZ CENTRAL

 

Downtown Phoenix building targets millennials with creative workspaces Downtown Phoenix’s Monroe Building is turning its sixth floor into creative suites to cater to the next generation of office tenants. PHOENIX BUSINESS JOURNAL

 

NATIONAL & INTERNATIONAL NEWS

 

Walgreens Likely To Go on Real Estate Diet if Deal for Rite Aid Wins Approval The newly announced merger agreement between Walgreens Boots Alliance Inc. and Rite Aid Corp. has the potential to be hugely disruptive to retail real estate across the country, according to industry experts analyzing early details of the proposed deal. COSTAR

 

Square Feet: Offices May Follow Workers to Brooklyn With Brooklyn becoming a desirable residential location, office development is now being planned along an arc in the borough’s western neighborhoods. NATIONAL RE ONLINE

 

Sustainability Is Vital, but Adds To the Cost of Building In California The entire state of California is suffering from a deficiency in housing stock, which keeps rents escalating and housing affordability low. NATIONAL RE ONLINE

 

NOT RECEIVING WEEK IN REVIEW FROM LEE & ASSOCIATES ARIZONA? SIGN UP HERE FOLLOW US ON FACEBOOK & TWITTER



10/30/2015 - 09:00

Source

Lee & Associates

Want more news about Lee & Associates? Click here