Daily News for Commercial Real Estate & Business – August 17, 2010

Groendyke Pays $2.5M for Phoenix Industrial Location Groendyke Transport Inc., a national provider of transportation services, has purchased the industrial building at 4907 S 35th Ave. in Phoenix for $2.5 million, or $145 per square foot, in an all cash transaction. View article...

5 P law firms are moving to downtown CityScape Five Phoenix law firms have moved into the office high-rise in downtown Phoenix's Cityscape project or have plans to move there. View article...

West Valley Boxing in Buckeye seeks a home The garage-based West Valley Boxing needs a space that can accommodate nearly 40 youths and house permanent equipment. Otherwise, the free Buckeye club may have to start turning away new members. View article...

ASU houses record 13,000 students A record 13,000 students have reserved housing for the fall semester at Arizona State University's four campuses, in Tempe, downtown Phoenix, east Mesa and northwest Phoenix. View article...

ASU West installing 17,000 solar panels on campus Students and instructors who pull into the south parking lots of Arizona State University's West campus will find relief from the heat under a project designed to eliminate the university's carbon footprint. View article...

Gallup: 18% unemployed or underemployed More than 18 percent of U.S. workers say they are either unemployed or underemployed, according to a Gallup Organization survey. View article...

Homeowners to see county property tax portion dip Board of Supervisors on Monday set property-tax levies that will reduce the county-controlled part of the tax bill for most homeowners. View article...

Passenger growth increases need for new Gateway terminal Phoenix-Mesa Gateway Airport officials could face up to $500 million in costs and be forced to recruit two more airlines as record passenger growth pushes the Valley's reliever closer to building a bigger terminal. View article...

If you want a copy of the latest foreclosure spreadsheet, email me and I will send it to you.

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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