Daily News for Commercial Real Estate & Business – August 26, 2010

To view this weeks, "The Watchlist" by Costar, click here. The "Eight Takeaways of the Current State of Distress Opportunities" article is a great read about that market.

Phoenix to build its 5th skate park with $50,000 donation Skateboarders will have a fifth plaza to roll up and down ramps in Phoenix, city officials said Tuesday as they accepted a $50,000 donation from nationally recognized skateboarder Rob Dyrdek's foundation. View article...

Bashas' creditors settle with Arizona grocer Banks and insurance companies holding about $200 million in secured debt have agreed to drop an appeal of Arizona grocer Bashas' court-approved bankruptcy plan. View article...

Squire Sanders & Dempsey in merger talks with British firm Hammonds The Squire Sanders & Dempsey LLP law firm is pondering a merger with British firm Hammonds LLP. Squire Sanders is based in Cleveland but has an office in Phoenix with 53 attorneys. View article...

Arizona housing prices down as national figures improve Housing prices nationwide are finally starting to go up. But not in Arizona. View article...

New-home sales drop in West, nationwide New-home sales in the western states, which include Arizona, fell 25.4 percent in July from the previous month and sank 54.6 percent from a year earlier, according to the latest monthly federal report Wednesday. View article...

Home Prices Linked to Consumer Confidence and Investment, Economist Says Downward spiraling home prices affect consumer confidence, says Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University's J. Mack Robinson College of Business. Still, deflation and an ensuing double-dip recession can be avoided if home prices don't fall again, says Dhawan in his quarterly forecast released today. View article...

Arizonans among most credit card delinquent Arizona had the third-highest rate of credit card delinquency in the nation in the second quarter of this year, according to the most recent report from TransUnion. View article...

Moodys/REAL Retail Index Takes a Dive in Second Quarter The Moody/REAL National Quarterly Retail Index dove by more than 14 basis points in the second quarter indicating that retail property values are now at their lowest level since the fourth quarter of 2002. 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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