Daily News for Commercial Real Estate & Business – December 29, 2009

Here are the news stories you might find interesting today regarding commercial real estate and business:

Honest-1 opens first Phoenix shop

Honest-1 Auto Care has opened its first Phoenix-area shop, with the potential for more on the way.

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Tavistock Restaurants buys Sapporo

Multi-concept operator Tavistock Restaurants LLC has acquired the single unit Sapporo Restaurant in Scottsdale, Ariz., in a $1.7 million deal that closed Dec. 22, the company said last week.

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First American call center could employ 400

A home warranty provider said Monday it is opening a customer service call center in Phoenix. (FAF)

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Phoenix buys Park Lee apartments as low-income rentals

In the 1950s, a former property manager says, Park Lee was the largest apartment complex in the city.

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'Decade from hell' not all bad for E.V.

The one-week period between Christmas and New Year's Day traditionally is a time for news organizations to "look back" at the major events of the past year - usually referred to as the "year in review."

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Ahwatukee park-and-ride lot expanding

Phoenix will expand its park-and-ride lot at 40th Street and Pecos Road in the Ahwatukee Foothills by 353 spaces next year, using $3 million in federal stimulus funds.

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Shoppers spend a little more this season

Holiday shoppers spent a little more this season, according to data released Monday, giving merchants some reason for cheer.

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Retail outlook: Discounters best poised to thrive

Discounters, price-conscious teen stores and social-media-savvy retailers are best-positioned to thrive in the new year, according to retail experts.

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Rasmussen poll: Economy getting worse

Private sector workers are not enthused about the economic outlook or their job security, according to a Rasmussen Reports survey of 500 Americans.

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Top of the Web 2009

As the new year begins, the Phoenix Business Journal is taking a look back at its top Web stories of 2009.

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Geithner Voices Confidence About Economic Rebound

To read his interview on "All Things Considered," click here. "We're not going to have, Michele, a second wave of financial crisis." (I hope so!)

REGISTER ASAP! THERE IS A LIMITED NUMBER OF TICKETS AVAIALBLE FOR THIS EVENT! Just a reminder: I am a panelist for the CCIM/IREM Economic Forecast on January 12, 2010. It is at the Phoenix Country Club and starts at 8AM. I will be on the Retail Panel with Daniel Pollack and Kevin Schuck. Our moderator is David Malin from Vestar. If you are in town, please come support me at the event. The website to register is www.iremccimforecast.com.

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

Happy New Year!

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