Daily News for Commercial Real Estate & Business – April 15, 2010

Here are the news stories you might find interesting today regarding commercial real estate and business:

Ninyo & Moore buys $2M flex building Ninyo & Moore, a geotechnical and environmental consulting firm, purchased a 32,204-square-foot flex office building at Southbank Business Park in Phoenix for $2 million. A former tenant in a nearby building, Ninyo & Moore is taking advantage of lower pricing that is the result of the economic factors...View article...

Creative Leather showroom opens in Chandler Creative Leather, which sells and manufactures custom-made leather furniture, has opened a showroom at its headquarters in Chandler. The showroom, nearly 10,000 square feet teeming with a variety of pieces, is on McClintock Drive between Ray Road and Chandler Boulevard. It opened last week. View article...

Construction on two new Scottsdale fire stations begins Monday If all goes as planned, construction on Scottsdale's two newest fire stations will be complete by this time next year. Caliente Construction Inc. is scheduled to begin construction on the Cactus Acres and Eldorado Park fire stations on Monday. View article...

City Center plan talks spark anger from Goodyear residents Goodyear residents have entered the fray over a costly City Center plan. Accusations of corruption and poor leadership were hurled at City Council members Monday in the wake of talks about financing a proposed City Center. View article...

Glendale OKs Reinsdorf's Coyotes proposal The Glendale City Council on Tuesday approved a proposed arena lease agreement submitted by a group headed by Chicago sports mogul Jerry Reinsdorf that is seeking to buy the Phoenix Coyotes. The council also acted on a second proposal, rejecting a plan submitted by Ice Edge Holdings, a group of Canadian and U.S. investors. View article...

Scottsdale home sales highest in nearly five years Scottsdale home sales spiked in March to their highest level in nearly five years as short sales, foreclosures and fix-and-flip foreclosed properties boosted the market. Home sales and foreclosures were up just under 80 percent from a year ago, according to the latest monthly report from Arizona State University Realty Studies. View article...

Reports: More Americans feel economic recovery A flurry of reports out Wednesday suggested that many Americans are feeling better about the economic rebound. Retail spending rose sharply and more than expected. Consumer inflation remains all but invisible. Businesses are boosting their stockpiles in anticipation of higher shopper demand. View article...

Retail Vacancies Continue to Creep Higher Real estate research firm Reis Inc.'s data for the first quarter of 2010 shows that fundamentals at neighborhood and community centers and regional malls continued to slide. And while the pace of declines in occupancies is slowing, rents are still falling at a brisk pace. Vacancies at both property types rose. For shopping centers, vacancies are at their highest point since 1991 and for regional malls vacancies are at their highest point since Reis began tracking the figure at the end of 1999. View article...

Governor pitches plan to privatize commerce department Gov. Jan Brewer on Wednesday unveiled a plan to privatize the Arizona Department of Commerce. The model calls for a private-sector leadership board and pushes the state to be more responsive to the needs of the business community and seek more opportunities. The quasi-public relationship will continue to manage state incentives in attracting and expanding businesses, while engaging the private-sector through a 15-member board composed of CEOs from across Arizona and chaired by the governor, said ADOC spokesman David Drennon. View article...

Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.

Speak Your Mind

*

CommentLuv badge

footer script.