Daily News for Commercial Real Estate & Business – January 20, 2011

To view the IRR Viewpoint 2011 report, click here. This report shows all of the major metros vacancy & rental rates for all product types. Great info!

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

Surviving Social Media (I am quoted in the article!) The Internet is a noisy place. Each month, Facebook users post more than 30 billion pieces of content, such as notes and photo albums, and billions of tweets resound through Twitter or compatible third-party applications. Add to this the unending chatter of blog posts, LinkedIn messages, and other social media content and the problem becomes clear:...View article...

The Shadow Effect (TAKE THE TIME TO READ THIS!) A backlog of unforeclosed properties haunts today's market. One of the mysteries of today's commercial real estate market is the current dearth of foreclosed properties on the market. After the credit meltdown of 2007–2008, industry professionals expected foreclosed properties to flood the market, but few ever did. Today, brokers and investors alike question why more foreclosures are not occurring. View article...

Blue Sky plan downsized to appease nearby owners Gray Development Group next week will submit the latest proposal for its Blue Sky luxury apartment complex north of Scottsdale Fashion Center with a lower number of units, maximum building height and the overall square footage. View article...

Jerry Colangelo takes on state and West Valley image challenge Jerry Colangelo has a couple of big challenges facing him: improve the image of the state and the West Valley. Colangelo, Arizona Commerce Authority board chairman, had lunch with Valley hoteliers at the Wigwam last week to discuss the state. View article...

Arizona Diamondbacks, Colorado Rockies new ballpark nears completion Ducks already are on the pond at Salt River Fields at Talking Stick and it won't be long until snowbirds flock to the new baseball stadium for the Arizona Diamondbacks and Colorado Rockies. Construction crews are busy completing the $100 million spring-training complex on the Salt River Pima-Maricopa Indian Community near Loop 101 and Indian Bend Road. View article...

Chandler among Target's 21 2011 stores Target Corp. plans to open a new Chandler store this year, one of 21 openings for 2011, the company said Tuesday. The expansion will bring new stores to 12 states, including five in California, one in Hawaii and one in its home state of Minnesota. View article...

Big lease deals buoy industrial market Several large industrial leases were signed in the fourth quarter of 2010, leading to speculation that the industrial market is improving. View article...

Controversy swirls around Investors Mortgage Holding Co. In June 2010, the Phoenix Business Journal chronicled the woes and controversies surrounding Scottsdale-based Investors Mortgage Holding Co., better known as IMH. Today, the Wall Street Journal revisits the story about how the real estate investment fund has applied for an Initial Public Offering, but the process has been delayed as the Securities and Exchange Commission ostensibly investigates the firm. View article...

Business travel spending to rise 5% A new forecast from the National Business Travel Association shows business travel spending is expected to rise 5 percent in 2011. 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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