Daily News for Commercial Real Estate & Business – July 20, 2010

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

Vacant Motor Mile dealerships in Scottsdale start to sell Buyers have started snapping up some of the vacant auto dealerships on Scottsdale's once-prosperous Motor Mile at bargain prices. View article...

PayPal center coming to Chandler courtesy of eBay The online auction company eBay is expanding its PayPal division with a customer-service center in Chandler. View article...

Blue Square Resolutions expands headquarters Blue Square Resolutions, a company specializing in electronic transaction processing, has doubled the size of its headquarters. View article...

Northcentral University grows in Scottsdale Northcentral University, an online school based in Prescott Valley, is opening an 8,000-square-foot enrollment center expanding its presence at McDowell Mountain Business Park. View article...

Scottsdale excited about Discovery Center Excitement is building in Scottsdale over a proposed multimillion-dollar Desert Discovery Center that could bring more tourists and exposure to the city's McDowell Sonoran Preserve. View article...

Tempe unlikely to recover from condo crash anytime soon Experts say condominium development in downtown Tempe, which came to an abrupt halt when the recession began, will likely be on hold for the foreseeable future. View article...

Upstart Massage Envy now $600 mil business Scottsdale businessman John Leonesio founded Massage Envy with proceeds from the sale of his string of Q The Sports Club fitness centers to 24 Hour Fitness in 1999. View article...

Jennifer Convertibles files for Chapter 11 Jennifer Convertibles, a sofa-bed retailer that filed for Chapter 11 bankruptcy on Sunday, operates a handful4 of Ashley Furniture Homestores, but they are all in the New York area. View article...

Commercial properties in distress Commercially challenged: A number of commercial properties and districts in the Valley have struggled to survive the current recession, which experts said stems primarily from overbuilding and risky lending practices. View article...

Consignment shop customers to get property back Customers with furniture consigned to bankrupt Terri's Consign & Design Furnishings can reclaim their property later this month. View article...

Economy scaring off startups Fewer entrepreneurs started their own businesses in the first half of 2010 compared with a year ago, according to Challenger, Gray and Christmas Inc. View article...

Phoenix hotels No. 1 in service When it comes to happy hotel guests, Phoenix is tops, according to a survey of its customers who booked three- and four-star hotels through hotel.info. View article...

Gilbert, Scottsdale make best places to live list If you can tune out the cacophony of criticism aimed at Arizona lately, you can also hear a little praise for the embattled state. View article...

The Turning Tide: Opportunistic Investment in Retail Real Estate Investment volume on retail real estate is starting to pick up, but only on the best assets in the best markets. For investors looking to grab properties while valuations are more in flux, it can be difficult to evaluate the best buying and financing opportunities. 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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