Daily News for Commercial Real Estate & Business – July 6, 2010

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

I hope you had a happy & safe 4th of July weekend!

To view the July 2010 digital edition of Commercial Property Executive, click here.

9,144 Sq. Ft. Lease Completes Leasing Assignment for 2231 E Jones Nicholas L Miner, CCIM recently completed a lease transaction for 9,144 Sq. Ft of Industrial/Flex space in the 24th Industrial Park. I represented the owner in the acquisition of this property as an investment 4 years ago. Both of the leases came due late last year. Within 6 months, I was able to release the entire property. View article...

Bidwill seeks rezoning for 129 acres near University of Phoenix Stadium in Glendale Offices, hotels and apartments could take root on 129 acres surrounding University of Phoenix Stadium, home to the Arizona Cardinals. View article...

CollegeAmerica to hire 80 in Phoenix CollegeAmerica Services Inc. announced it will hire an additional 80 employees at its Phoenix location to accommodate demand for online-degree programs. View article...

Bashas' abandons repayment plan Bashas' Inc., which has been operating under Chapter 11 bankruptcy protection since last July, has abandoned a plan to pay off some $260 million in debts in one fell swoop and is now offering creditors installments with a balloon payoff after three years. View article...

Retail developers get creative to fix big-box glut in Valley The worst economic downturn in decades, consumers' new habits and changing industry trends are permanently altering the shopping landscape. View article...

Former big boxes are often filled by non-retailers At Sun Valley Plaza in Mesa, students at a half-dozen schools that now occupy the neighborhood shopping center account for most of the foot traffic. View article...

Abengoa gets $1.45 billion loan guarantee for Arizona solar plant Abengoa Solar will receive a $1.45 billion conditional loan guarantee to build the Solana Generating Station, a move that will accelerate the building of the largest power plant approved so far in Arizona. View article...

Arizona secures $15.7 million broadband grants Three Arizona entities secured $15.7 million in stimulus funding to expand the reach of broadband Internet services into rural communities. View article...

Recovery Report: SBA picks loan pool originators to revive 504 secondary market The Small Business Administration selected nine financial firms to assemble and sell pools of first mortgages made in connection with the agency's 504 loans. View article...

Lifestyle is still golden as Sun City hits age 50 Fifty years ago, Sun City was an idea. The idea was outrageous and revolutionary. It seemed almost dangerous. View article...

Scottsdale's Old Town Farmer's Market moves to stadium for summer Scottsdale Stadium will be the home of the Old Town Farmer's Market this summer. Patrons can expect the same variety at the market, said Dee Logan, senior coordinator for the Arizona Community Farmer's Market Group. View article...

U.S. loses 125,000 jobs in June; unemployment falls to 9.5% The nation's employers cut 125,000 workers in June, with much of the decline attributed to the end of nearly a quarter-million temporary jobs for Census workers, and the U.S. unemployment rate declined to 9.5 percent, the U.S. Department of Labor reported Friday. 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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