January 27, 2012 Posted by Lee & Associates Arizona Research Division
Phoenix, AZ – January 27, 2012 – (RealEstateRama) — Lee & Associates Arizona Principals Mike McQuaid, Mike Garlick and Chris Krewson have come together to form the largest office brokerage team in the Lee & Associates Arizona’s office. Tot…
Read the full article: Brokers Join Forces to Become Lee & Associates Arizona’s Largest Office Leasing & Sales Team ...
December 9, 2011 Posted by Lee & Associates Arizona Research Division
Phoenix, AZ – December 9, 2011 – (RealEstateRama) — Lee & Associates Arizona is pleased to announce a pair of commercial property sales and a five-year lease in the East Valley. In the first deal, the Freeway Executive Center II office developmen…
Read the full article: Lee & Associates Closes Lease Deal and Two Sales, as East Valley Commercial Real Estate Activity Remains Elevated ...
November 30, 2011 Posted by Lee & Associates Arizona Research Division
Phoenix, AZ – November 30, 2011 – (RealEstateRama) — Lee & Associates Arizona Principals Mike McQuaid and Mike Garlick, in collaboration with Dibble Engineering, are pleased to announce the charitable donation of $3,500 to Sunshine Acres Children…
Read the full article: Lee & Associates Partners & Dibble Engineering Donate to Sunshine Acres Children’s Home ...
November 16, 2011 Posted by Lee & Associates Arizona Research Division
Phoenix, AZ – November 16, 2011 – (RealEstateRama) — Although Phoenix office market fundamentals remain soft, improvements in other industries and property types will continue to seep into white-collar sectors and stimulate leasing. So far this year, …
Read the full article: Sporadic White-Collar Hiring Dampens Office Fundamentals, but Existing Tenant Base Steadying, Giving Back Less Space ...
October 26, 2011 Posted by Lee & Associates Arizona Research Division
Phoenix, AZ – October 26, 2011 – (RealEstateRama) — Many retail market indicators continue to improve, despite erratic employment trends and sovereign debt worries. These economic headwinds have strongly impacted consumer sentiment, dropping third qua…
Read the full article: Consumers’ Negative Outlook Doing Little to Dampen Retail Investors’ Dispositions in Phoenix ...
October 26, 2011 Posted by Lee & Associates Arizona Research Division
Phoenix, AZ – October 26, 2011 – (RealEstateRama) — Resurgent economic headwinds have rattled the nation’s employment and industrial markets, as both hiring and industrial property sales volume eased in the third quarter. Nevertheless, the economic …
Read the full article: Warehouse Sales Continue to Surge in Phoenix, While Suburban Flex Space Attracting Foreign Investors ...
September 20, 2011 Posted by Lee & Associates Arizona Research Division
Phoenix, AZ – September 20, 2011 – (RealEstateRama) — Lee & Associates Arizona is pleased to announce the closing of two REO industrial property sales in the East Valley. The vacant 30,552-square foot warehouse building at 150 South Dobson Road …
Read the full article: Demand for REO Assets Remains Steady as Lee & Associates Brokers Pair of Bank-Owned Industrial Property Sales in the East Valley ...
September 20, 2011 Posted by Lee & Associates Arizona Research Division
Phoenix, AZ – September 20, 2011 – (RealEstateRama) — Lee & Associates Arizona is pleased to announce that Arizona Community Foundation (ACF) executed a 10-year, 17,219-square foot lease renewal of their Class A space at Anchor Centre West locat…
Read the full article: Arizona Community Foundation Renews at Camelback Corridor’s Anchor Centre West ...
August 1, 2011 Posted by Lee & Associates Arizona Research Division
Improvements in blue-collar industries account for a significant share of Phoenix economic growth in 2011, despite choppy early year hiring. Total metro employment grew by 0.9%, or 14,900 positions. Manual-trade payrolls, in contrast, expanded by a healthy-1.1% year to date with the addition of 3,800 workers. The Valley’s manufacturing sector notched the most hires, adding 2,500 employees and offsetting the combined loss of 700 construction and transportation and utilities personnel through the second quarter. Moreover, major expansions by companies such as Federal Express, First Solar and Easy Energy Systems Inc. will boost the economy and leasing in the near term. Through the extended outlook, sales tax legislation may push more companies like Amazon to relocate from California to Arizona, further supporting industrial space demand. Although international and domestic concerns could dampen growth in the second half, the economic recovery is expected to gain momentum. Metr owide staffing levels will increase by a projected 39,000 positions, or 2.3%, in 2011, while blue-collar industries will add 12,500 workers, a 3.7% increase. National payrolls will rise by 1.65 million positions, or 1.3%
Read the full article: Resurgent Hiring in Industrial Trades a Bright Spot, Though Elevated Vacancy Weighs on Rents, Operations ...
July 29, 2011 Posted by Lee & Associates Arizona Research Division
Phoenix, AX – July 29, 2011 – (RealEstateRama) — Although office net absorption in Phoenix remains negative year to date, the local economic recovery gained traction in the second quarter. Businesses added 14,900 positions locally, a 0.9% staffing boost, in the past six months, compared to a nationwide increase of 757,000 jobs, or 0.6%. Improvements have been greatest in the Valley’s healthcare and leisure and hospitality sectors, with white-collar industries dampening overall growth through the first quarter of 2011. Nevertheless, Phoenix white-collar employers rebounded in the most recent quarter. Local office-using employment sectors augmented payrolls by an estimated 2,800 workers, a 0.7% quarterly gain, mirroring the healthy white-collar improvements that have been recorded nationally. Recent hiring announcements from companies including Safelite, Humana, Yelp and Easy Energy Systems Inc. support projections for a sturdy, albeit late, white-collar recovery through year end, helping to stabilize space demand. U.S. emp loyment will increase by a projected 1.65 million jobs in 2011, including to 39,000 positions in Phoenix, a 2.3% marketwide gain. Local white-collar sectors are anticipated to hire 5,600 workers, growth of 1.3%.
Read the full article: Office-Using Employment Gains, Reliance on Concessions to Nudge Down Phoenix Vacancy in Second Half ...
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