Daily News for Commercial Real Estate & Business – July 23, 2010

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

Are investors ready? Could we be reaching a pivot point? All indicators are pointing toward a bottom or close to a bottom for commercial real estate. View article...

H&M opens at Fashion Square Arizona's second H&M location is opening today at Scottsdale Fashion Square. View article...

Panattoni Conducts Double-Escrow Sale in Tempe Panattoni Development purchased two manufacturing buildings totaling 46,492 square feet, located at 2055 and 2075 E Fifth St in Tempe, AZ, from a California investment group for $1.48 million, or $32 per square foot. View article...

Continental Realty Drops $46M on MF Property Continental Realty Advisors has acquired The Canyons, a 629-unit luxury apartment community, for $45.5 million in an all-cash transaction. The buy marks the Denver-based firm's re-entry into the Phoenix after it exited the market in early 2007. View article...

YMCA to become 'The Y' The Valley of the Sun YMCA is joining its counterparts across the country to rebrand its name. View article...

Casual-dining bellwethers' sales improve Three casual-dining heavyweights reported increased same-store sales and positive guest traffic late Thursday as second-quarter earnings season for restaurant companies began. View article...

Officials detail how Tempe Town Lake dam will be repaired Tempe officials are providing more details on how they hope to fix the Tempe Town Lake dam in time for the lake to reopen by November. View article...

Arizona's immigration law: Coverage from the beginning Since April 23 when Gov. Jan Brewer signed Senate Bill 1070 into law, Arizona's immigration law has been thrust onto the international stage and has become a constant subject of stories and blogs in the Phoenix Business Journal - online and in print. View article...

Landlords Can Benefit from Targeting Professional Services Providers as Tenants It's no secret that with vacancy rates reaching record highs, shopping center landlords have been more willing to accept non-retail tenants, including medical offices, schools and religions institutions. View article...

U.S. corporate giants' profits hint economy is on the mend People aren't spending money like they used to. Unemployment is still flirting with double digits. And the housing market is still shaky. So, the future looks bleak for the economy, right? 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.

Comments

  1. Great post! This is a hot topic in Arizona too!

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