Daily News for Commercial Real Estate & Business – August 4, 2010

iQor Leases 54,495 SF for Customer Service Center iQor, a business outsourcing provider, will relocate its customer service center from Chandler to Tempe. The New York City-based company inked a 10-year lease for 50,495 square feet at 1330 W. Southern Ave. View article...

San Riva condo conversion sold for $15.8M Everest Holdings in Scottsdale and joint venture partner Thackeray Partners in Dallas purchased a stalled condominium conversion project in Ahwatukee. View article...

Cave Creek rejects third try at rezoning land to allow arena In an evening that pitted Cave Creek residents against Western entrepreneurism, the Town Council on Monday rejected a controversial request to rezone a property in order to allow commercial events. View article...

Jury's decision could change plan for Desert Ridge area Desert Ridge has enjoyed a good reputation as a place to live. A jury decision last week that went against Desert Ridge's master developer could contribute to destroying that reputation, officials are saying. View article...

Sales of existing Scottsdale homes up 36% in 1st half of year Existing-home sales in Scottsdale jumped 36 percent in the first half of this year, and home construction picked up slightly from its glacial pace. View article...

Distressed Note Acquisitions Present Big Risks, Big Rewards Distressed note purchases have been eyed by many investors as one of the bigger opportunities in the multifamily arena. View article...

Lehman Makes Its Next Property Gamble Lehman Brothers Holdings Inc., brought down in part by its huge property investments, is doubling down on some of its existing deals in a bet that commercial property markets are near bottom. View article...

For Home Builders, Reality Looms in Results With home builder DR Horton Inc. reporting a 60% surge in quarterly closings Tuesday, it is easy to think the housing market might finally be recovering from four years of turmoil. 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.

Speak Your Mind

*

CommentLuv badge

footer script.