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Lee & Associates - Arizona | Week in Review | Friday, September 11, 2015

09/11/2015


LEE NEWS            

96,000 SF Chandler, Arizona Manufacturing Facility Closes for $5.88 Million A 96,000 SF manufacturing building at 6615 W. Boston St. in Chandler sold for $5,875,000 or $61.20 per SF. COMMERCIAL EXECUTIVE

 

 

LOCAL NEWS
West Valley leaders aggressive to fill empty buildings The Republic regularly asks West Valley leaders to share their thoughts on issues, and this week’s question is about how far the region has come since the Great Recession in filling vacant commercial spaces.  AZ CENTRAL


Exclusive: Infill developer buys Indian School building, plans restaurant adaptive reuse Infill developer Wetta Ventures has bought the Maple House Furniture building at the southeast corner of Indian School Road and 28th Street in Phoenix and plans to redevelop the property to house to new restaurants. PHOENIX BUSINESS JOURNAL


Viewpoints: How downtown Phoenix’s renaissance began Historian: Downtown Phoenix’s resurgence could have turned out much differently, had it not been for visionary leadership. AZ CENTRAL

ADOT narrows choices for Phoenix-Tucson rail route State transportation officials are recommending a route for a passenger-rail corridor between Phoenix and Tucson that would follow existing Union Pacific rail lines east of Casa Grande. AZ CENTRAL

 

 

 

 

NATIONAL & INTERNATIONAL NEWS


U.S. likely to keep pumping out steady flow of new jobs through end of year
The economy is likely to create a steady supply of new jobs over the next four months and push the unemployment rate below 5%, according to an index that tracks the health of the U.S. labor market. MARKETWATCH

 

Surge in Commercial Real-Estate Prices Stirs Bubble Worries Soaring demand for commercial property has drawn comparisons to delirious boom of the mid-2000s. Investors are pushing commercial real-estate prices to record levels in cities around the world, fueling concerns that the global property market is overheating. WALL ST. JOURNAL

 

Stocks crash to push more China cash into global real estate A wall of Chinese money is heading for global real estate as local investors look for alternatives to the country's crashing stock markets.

CNN MONEY



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09/11/2015 - 09:00

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