Daily News for Commercial Real Estate & Business – July 7, 2010

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

Phoenix likely to OK Arizona 51/Black Mountain Blvd. link The Phoenix City Council is expected to move ahead with plans to connect the Arizona 51 freeway with Black Mountain Boulevard. View article...

Peoria in talks to create biotech incubator with TGen Peoria may have found the catalyst to diversify its economy. City economic developers are in talks to create a biotech incubator with downtown Phoenix-based Translational Genomics Research Institute, referred to as TGen, and the Core Institute, which specializes in orthopedics. View article...

Tempe's Affilion sold to Denver-area EMS company Emergency Medical Services Corp. has completed two company purchases that are expected to contribute a combined $23 million in annual revenue, the company reported Tuesday. View article...

NCR adds Blockbuster kiosks to QuikTrip NCR Corp. will set up Blockbuster Express kiosks in nearly all 555 QuikTrip convenience stores. View article...

Office Vacancy Rate Keeps Climbing Vacant office space continued to accumulate in the second quarter, the latest indication that businesses aren't planning significant hiring in the near future. View article...

Best Investment Picks, 2010-2012 The following market investment forecast is based on a survey of Integra Realty Resources advisers in 58 cities. View article...

Beyond the LOI Proactive Steps to Get Leases Done Quickly Landlords in this anemic leasing market want to act quickly to get leases signed and rent payments started. Economic instability brings fresh urgency to the need for increased occupancy. But delays and roadblocks can slow the process and frustrate a landlord's preferred schedule. View article...

Institutions Favor Real Estate Over Stocks, Survey Finds Institutional investors are quickly recovering from the recent meltdown in the U.S. property markets, pushing aside investments such as stocks and recommitting to commercial real estate and other alternative investments such as infrastructure. View article...

CMBS Delinquency Rate Slowing In another sign that the commercial real estate market is reaching bottom, the delinquency rate on commercial mortgage-backed securities (CMBS) increased in June by the smallest amount in the past 12 months. 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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