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Lee & Associates - Arizona | Week in Review | Friday, October 9, 2015

10/09/2015


LEE NEWS

 

Chandler Council Approves 4-Acre Site For Industrial Development The city of Chandler’s Mayor and city council gave a unanimous green light for future development of a nearly 4-acre land parcel on Gila Springs Place, west of Kyrene Road for future industrial development. The property lies within the Paloma Kyrene Business Community. PR LOG

 

RedFlex signs 2 leases to relocate operations Redflex Traffic Systems has signed two leases to relocate its Phoenix office operations to buildings at 5651 W. Talavi Blvd. within Talavi Corporate Center and 16680 N. 51st Ave. within the 51 Bells project in Glendale, AZ. AZRE

 

Lee and Associates taps two Colliers brokers Allan Riorda wants the Maryland office of Lee & Associates to open five more offices across Maryland, Washington, D.C., and Northern Virginia. BALTIMORE BUSINESS JOURNAL

 

LOCAL NEWS
Vestar trades Tempe Marketplace partners in $367 million sale
Tempe Marketplace has been sold in a $367 million deal that involves Phoenix-based developer Vestar swapping one investment partner for another. PHOENIX BUSINESS JOURNAL

Massive expansion In Chandler’s Price Road Corridor

If building 650,000 square feet that is one hundred percent leased in Chandler’s Price Road Corridor wasn’t enough, the Douglas Allred Company now wants to increase that amount nearly fourfold. AZRE

 

Metro Phoenix home sales slow due to stock market woes

The stock market plunges in August buffeted metro Phoenix’s housing market as wealthy buyers who took hits on their investments opted not to purchase high-end houses. AZ CENTRAL

 

NATIONAL & INTERNATIONAL NEWS

CRE Prices Are Now Officially Above Pre-Recession Peak Moody’s and Real Capital Analytics (RCA) released their joint Commercial Property Price Indices (CPPI) this week and it shows that the all-property composite index has now surpassed its November 2007 peak for the first time on an inflation-adjusted basis. The all-property composite index is now 14.5 percent above the one for November 2007 on a nominal basis and 1.5 percent above peak on an inflation-adjusted basis. NATIONAL RE ONLINE

Denver’s Economy Turning Downtown Into a National Powerhouse

Denver's economy is at full throtle, and commercial real estate is along for the ride, according to the speakers at Bisnow's Denver Downtown Renaissance at the Warwick Hotel Denver recently. That's more than a vague notion; hard data back it up. BISNOW

Japanese Real Estate Investors Returning to U.S. Shores

With little fanfare, Mitsui Fudosan Co. has recently become more active in investing in U.S. real estate, announcing plans to develop several multifamily projects over the next two years, including its first real estate project in Seattle, and appearing to set the stage for a broader development play in other U.S. markets.COSTAR 

 

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10/09/2015 - 09:00

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