asu in the news 02-06-08 to - ASU News - Arizona State University

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JULIAN ANDERSON President Ryder hevett Bucknall Americas Division Watch for money from China the Middle East and India LAWLESS Oil rich nations will continue to invest profits in the U b it for no other reason than to generate goodwill and protect their interests More spe cific to Arizona Canadians could be expected to ramp up investment in our state given the advantageous currency exchange rates VATISTAS We are seeing both investors and home buyers from Ireland Canada Mexico and England They view our market as a bargain Several curve balls have been thrown into the Arizona market in the past several weeks in cluding the sanctions law for businesses that hire illegal immigrants and increased penalties forenvironmental pollution How much impact will these have on real estate and construction locally TOM JOHNSTON Senior managing director Cushman Wakefield of Arizona Inc The immigration sanctions will affect Business Journal Phoenix Circulation: 15270 DMA: Phoenix, AZ the multihousing market particularly in west and southwest Phoenix It also will affect the retail market ERIC NEBLUNB Senior vice president Sundt Construction Inc As a company Sundt has participated in the pilot program and we feel very comfortable that we will have no impact with our work force because of the employer sanctions bill The serious issue facing the construction industry is the critical shortage of a skilled legal work force Neither federal nor state legislation has addressed this key issue and pro actively solving this issue is important to the future of our industry DALTON The increased penalties for pollu tion and dust control shouldn t have much of an effect Frankly if e company wasntalreadv stepping up and aggressively following dust prevention and storm water pollution policies they were being left behind ANDERSON Not s gnificantly These issues might have been curve balls but they should not have been a surprise to anvnnp © Copyright 12/28/2007 Business Journal Phoenix Cision USA, Inc. All Rights Reserved. Unlicensed Reproduction, Sale or Republication Prohibited. City: Phoenix State: AZ Account: 2565G0 Date: 12/28/2007 Pub Num: 12B745 Section/Page: FRONTCOVR Page Count: 3 / 4 RefNo: 3312a0
Business Journal Phoenix Circulation: 15270 DMA: Phoenix, AZ © Copyright 12/28/2007 Business Journal Phoenix Cision USA, Inc. All Rights Reserved. Unlicensed Reproduction, Sale or Republication Prohibited. City: Phoenix State: AZ Account: 2565G0 Date: 12/28/2007 Pub Num: 12B745 Section/Page: FRONTCOVR Page Count: 4 / 4 RefNo: 3312a0
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