Daily News for Commercial Real Estate & Business – December 30, 2010

This is it! The last daily news email of 2010! 2010 has come and gone very quickly! I hope that 2011 brings you everything that you work for and more!

Be safe tomorrow night and I'm looking forward to working with you next year!

Now, here are the news articles you might find interesting today:

To view this weeks "The Watchlist" by Costar, click here.

Former Fleetwood Homes Property Sells for $4M American Park N Swap, Inc. purchased the industrial building located at 6112 N. 56th Ave. in Glendale for $4 million, or approximately $33 per square foot. Fleetwood Liquidating Trust disposed of the building, which was formerly occupied by Fleetwood Homes, a builder of manufactured housing. View article...

Dysart Crossing sells for $1.3M Dysart Crossing, a Glendale retail center, sold for $1.3 million to S3 Enterprises LLC of Scottsdale. The 32,042-square-foot property at 6808 N. Dysart Road had been acquired through foreclosure in 2009 by Jefferson Pilot Investments in Greensboro, N.C. Jefferson Pilot sold it to S3 Enterprises. View article...

Diamonte on Bell apartments sold for $19.6M A company formed by a Canadian firm Omni Group of Cos., paid $19.6 million for the Diamonte on Bell apartment community in northwest Phoenix. View article...

Phoenix picks site for Southwest AIDS center City of Phoenix officials are negotiating to buy the recently vacated KPNX-TV Channel 12 building on Central Avenue, with plans to lease it for $1 a year to the Southwest Center for HIV/AIDS. View article...

Downtown Phoenix Jamaican restaurant to open rum bar A downtown Jamaican restaurant is preparing for the grand opening of its rum bar. The Breadfruit Jamaican Grill at 108 E. Pierce St. recently held a soft opening for Phoenix's first-known rum bar. View article...

Boston's Gourmet Pizza in Gilbert closes its doors The Gilbert location of Boston's has closed, but the other Valley location in Tempe remains open. View article...

Commercial real estate - Top 10 of 2010 This is the eighth in our Top 10 of 2010 retrospective, looking at the 10 real estate stories that generated the most Web hits during the year. View article...

Dare We Say It? Economic Indicators Improve for Commercial Real Estate Ross Moore has changed his outlook for the better in these last few weeks of 2010. As national chief economist for commercial real estate services company Colliers International, Moore follows about 100 economic indicators that keep his finger on the pulse of the economy and the commercial real estate industry. And since the beginning of the fourth quarter, that pulse has quickened. View article...

Holiday Sales Might Be Strongest Since 2007 Here's a pleasant thought to take with you into 2011–in spite of sluggish pace of economic growth, Americans' penchant for shopping is back and in robust health. The New York Times reports that, according to preliminary figures, retail spending rose 5.5 percent in the months leading up to Christmas, representing the highest increase since 2007. View article...

Retail Real Estate: 2010 in Review As 2010 draws to a close, it is an opportune time to look back at one of the more dramatic years the industry has ever faced. View article...

Real Estate Outruns the Stock Market Again Real-estate stocks are poised to end the year with gains that are twice as large as the broader stock market, the second year in a row that REITs outperformed the major stock indexes. REITs, as measured by the Dow Jones All REIT index, were up 27% as of Tuesday's close. 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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