Daily News for Commercial Real Estate & Business – April 25, 2011

Here are the news articles you might find interesting today for commercial real estate and business:

To view the March/April 2011 Apartment Finance magazine, click here.

Gilbert VW dealership out to be 1st on continent LEED certified SanTan Volkswagen in Gilbert is on track to become the first VW dealership in North America to be officially certified for its environmentally friendly design and energy-efficient features. Owner Ken Ellegard described the dealership, which opened last month in the Santan Motorplex near Santan Freeway and Val Vista Drive, as one of the Valley's most environmentally conscious auto stores. View article...

Mayo Hospital in northeast Phoenix to add building Mayo Hospital is on the verge of starting work on another medical office building. The facility, 5777 E. Mayo Blvd., already has city permission to expand, and the new building could be the base of a new hospital tower. Mayo has been at the site, near 56th Street and Loop 101 in northeast Phoenix, since 1998. View article...

Brothers bring authentic Thai cuisine to Gilbert When Gilbert brothers Amrish Mago and Akshat Sethi decided to open a restaurant, they considered the traditional foods of their native India. But they eventually opted for a Bangkok-born chef after deciding Mesa, Gilbert and the Valley already had many Indian restaurants. The result is Thai Chili, 3641 E. Baseline Road, on the southeastern corner of Val Vista Drive in Gilbert, which opened in September. View article...

Longtime Valley photo lab to close Friday A custom photo lab that has served customers for more than 40 years is closing Friday. Colormark Custom Photo Lab, located at 2212 E. McDowell Road since the late 1960s, has experienced a drop of at least 50 percent of its business in the last couple of years during a bad economy. Added to that, new technology and digital photo programs have kept photography buffs at home to do their own work, said Paul Scotti, Colormark's manager for the last eight years. View article...

Scottsdale expanding green-building efforts to commercial sector Imagine a city in which commercial developers embrace green building as enthusiastically as the single-family residential sector does. That's the goal of an effort to make Scottsdale's commercial green-building program more inviting to developers of commercial and multifamily projects in Scottsdale. The updated program should be ready to go in June. View article...

Maricopa County sixth in nation in personal wealth Maricopa County residents have the sixth-highest total personal income in the country, according to newly released figures from the U.S. Bureau of Economic Analysis. The residents of America's 100 largest counties collectively earned a cool $5.86 trillion in 2009. California's Los Angeles County led the way with total personal income (TPI) of $402.46 billion. View article...

BUSINESS CASUAL: Will Tesco's Fresh & Easy subsidiary survive? For Earth Day, Fresh & Easy Neighborhood Market hopes consumers will think of it as environmentally friendly. The El Segundo-based grocery chain keeps announcing new "green" initiatives from eco-friendly cleaning and paper products to a roof filled with solar panels at its distribution center to a design contest for reusable grocery bags. View article...

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

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