Daily News for Commercial Real Estate & Business – August 6, 2010

Phoenix Flex Sells for $2.6M Layne Christensen Co. purchased 3804 E. Watkins St. in Phoenix for $2.6 million, or $68 per square foot. The buyer will occupy the entire property. View article...

First Choice Medical opens Phoenix site First Choice Medical Supply of Mississippi is opening a distribution center in Phoenix, the company's first facility in the Valley. View article...

Scottsdale set to buy 2,000 acres of trust land for preserve Scottsdale is gearing up to acquire 2,000 acres of state trust land for its McDowell Sonoran Preserve, a move that would allow a future trailhead in the city's northern reaches. View article...

Fashion Square grows its mix of high-end and affordable stores More stores have moved into Scottsdale Fashion Square this year than have moved out, helping the shopping mall attract shoppers seeking everything from high-end goods to affordable fashions. View article...

Report: Cubs stadium could land at Mesa Waveyard site The stalled Waveyard waterpark and resort development could end up home to an $84 million Cactus League stadium for the Chicago Cubs, the East Valley Tribune reports. View article...

DC Ranch developer defaults on center loan Bank of America has asked that a receiver be appointed for the posh Market Street at DC Ranch retail development in north Scottsdale. 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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