Daily News for Commercial Real Estate & Business – July 19, 2010

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

Ken Riggs Talks About the State of the Recovery (this is about a 20 minute podcast that is worth a your time) The commercial real estate recovery will vary by geographic location and property type, but for investors seeking to seize market opportunities, 2010 will be the best time in generations to buy well-priced, quality commercial real estate, according to the 2nd Quarter issue of the RERC/CCIM Investment Trends Quarterly. View article...

COLORADO-BASED INVESTOR BACK IN THE MARKET . . . THROWS DOWN $45.5 MILLION FOR 629 UNITS Phoenix - After sitting on the sidelines for the past six years, a company formed by Continental Realty Advisors in Littleton, Colo. (David Snyder, chairman) has jumped back into the Valley multi-family market. View article...

ROCKBRIDGE CAPITAL ASSEMBLES SITE IN TEMPE . . . COULD BE FUTURE ASU STUDENT HOUSING Tempe - In two separate transactions, companies formed by RockBridge Capital LLC in Columbus, Ohio (Ron Callentine, chairman) have acquired 3.9 acres located east of the southeast corner of Apache Boulevard and Rural Road in Tempe. View article...

Developer sells Hayden Ferry Lakeside plot The Hayden Ferry Lakeside property has been sold, in what is the third major land transaction to take place recently in Tempe's Mill Avenue District. View article...

Recession makes East Valley a retail black hole The recession has turned the East Valley into the king of empty storefronts. View article...

Valley restaurant companies make national list of fastest-growing chains The Nation's Restaurant News has come out with its list of the 50 fastest-growing restaurant chains and a number of Valley operators on are the list. View article...

Montelucia resort ranked as one of top 50 The InterContinental Montelucia Resort & Spa made its debut in Travel + Leisure's World's Best Awards by ranking No. 13 of the top 50 resorts in the U.S. and Canada. View article...

Castle Megastore gets nod for best retail chain Castle Megastore is getting recognition in the adult product industry as one of the best retail chains in the nation. View article...

Cabela's: Nearly 1,000 apply for 40 jobs at Glendale store The early birds arrived by at least 5:30 this morning. By 6, a crowd of about 150 job applicants were in line, a full hour before Cabela's opened its doors for on-the-spot interviews. View article...

First Fidelity Bank to acquire former Home National Bank deposits in Arizona First Fidelity Bank is acquiring deposits previously held by the Arizona operations of Home National Bank. View article...

6 Banks Closed on July 16 Federal and state banking regulators closed six banks on Friday, July 16, raising the total number of failed banks and credit unions to 106 so far in 2010. View article...

Global Commercial Real Estate Investment is Climbing Compared with last year's anemic volume, global commercial real estate investment has increased dramatically through the second quarter of 2010, according to a new report by Chicago-based real estate services firm Jones Lang LaSalle. 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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