Chinese Archives

Houston-based Hines buys 820k SF industrial facility

investment firm
by in AZRE Magazine | Brokerage | Industrial

The JLL Capital Market team negotiated the sale of Goodyear Crossing II, an 820,384-square-foot, Class A fulfillment center in Goodyear, which was purchased by  real estate investment firm Hines for $56.2 million. The property was fully leased at the time of the sale. As investment grade tenants continue to see the value of locating in Phoenix, investors… Read More →

GPEC position aligned with WTO ruling on tariffs

A ruling by the World Trade Organization earlier last week affirmed the position the Greater Phoenix Economic Council held in 2012, opposing the countervailing duties placed on Chinese-manufactured solar panels. The ruling by the World Trade Organization (WTO) counters the position taken by the International Trade Commission (ITC) in 2012, which imposed tariffs on Chinese-manufactured… Read More →

Suntech closing Goodyear factory

Solar Power

Chinese solar panel maker Suntech Power Holdings Co. is closing its factory in Goodyear in part because of higher production costs. The broader solar industry has struggled in recent years due to a steep price drop for solar panels. Global demand for panels has languished in Europe and elsewhere, even as manufacturing capacity soared. Suntech’s… Read More →