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Lee & Associates - Arizona | Week in Review | Friday, September 12, 2014

09/12/2014


LOCAL NEWS

 

New Apple iPhones, watch expected to use sapphire glass made in Mesa

Although we can’t say for certain if the sapphire glass made at Apple’s new Mesa plant, which was built in partnership with GT Advanced Technologies Inc., will be used in Apple’s new devices announced today, we think it must be so. PHOENIX BUSINESS JOURNAL

 

What slowdown? Phoenix, Valley cities considering a number of real estate projects

Despite a sluggish real estate market, local city councils and planning boards have a number of major developments projects on their post-Labor Day agendas. PHOENIX BUSINESS JOURNAL

 

20-Story Mixed-Use Development Proposed for Downtown Tucson

Owners of an aging apartment complex could move forward with plans to transform a 2.5-acre site into a mixed-use showcase in downtown Tucson, including what could be a 20-story building complex, if the mayor and city council approve a recommended amendment to the University Area Plan (UAP). AZBEX

 

Elevation Chandler demolition OK'd, deadline March 2015

Chandler City Council approved a development agreement with Houston-based Hines on Monday, giving Hines long awaited approval to demolish Elevation Chandler and setting a March 16, 2015 deadline for completion of the process. AZCENTRAL

 

Southwest’s largest aquarium to be built in Scottsdale

The two-level facility, located within the Salt River Pima-Maricopa Indian Community, will span more than 200,000 square feet and is slated to open in December 2015. ARIZONA.NEWSZAP.COM

 

What Intel's plans could mean for Chandler

While everyone was fawning over the new iPhone and Apple Watch, Intel made some announcements Tuesday that are equally interesting -- particularly for Chandler, where the company employs thousands in high-wage jobs. AZCENTRAL

 

 

NATIONAL & INTERNATIONAL NEWS

 

USAA Real Estate Nets 1.5 Million-SF Bulk Industrial Portfolio in Greater Atlanta, Dallas

San Antonio, TX-based USAA Real Estate Co., a subsidiary of leading financial services company USAA, significantly expanded its national industrial portfolio with the acquisition of two distribution warehouse facilities totaling 1,502,922 square feet in the greater Atlanta and Dallas markets. COSTAR

 

Strong economic growth in the US set to boost commercial real estate sectors

The strong rebound in economic growth in the United States during the second quarter of this year and ongoing job creation are gradually improving the outlook for all of the major commercial real estate sectors, it is claimed. PROPERTY WIRE

 

Interest rates may finally be going up: Capital Markets Update

There is growing consensus in the industry that interest rates are really going up this time. And this time, it could stick. COMMERCIAL PROPERTY EXECUTIVE

 

Global Economic Growth Picked Up in Second Quarter Says OECD

Global economic growth accelerated slightly in the three months to June, although to a modest rate that suggests 2014 will fail to deliver on hopes for a significant pickup in the pace of recovery.
WALL ST. JOURNAL

         

 

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09/12/2014 - 09:00

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