Daily News for Commercial Real Estate & Business – June 15, 2010

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

Email me if you would like a copy of the RBC Report titled, "From Crisis to Recovery: The Recovery Continues." It lists some of the most recent moves by the Federal Government since the beginning of the recession.

Phoenix Walgreens Sells for $4.4M An Arizona investment trust purchased the Walgreens at 25073 W. Southern Road in Buckeye, AZ, from Dreamwork Management Inc. for $4.45 million, or about $300 per square foot. View article...

Sonnenschein, Denton Wilde law firms merge The merger of law firms Sonnenschein Nath & Rosenthal LLP and Denton Wilde Sapte LLP was approved by partners June 9. They will operate as SNR Denton and have a combined 1,400 attorneys worldwide. View article...

Longtime landscaping company falls victim to home-building crash Tony Isabella has beautified Arizona from Tucson to Cave Creek, from Apache Junction to Wickenburg. View article...

Report: Blockbuster seeking bankruptcy financing Video rental giant Blockbuster Inc. is negotiating with bondholders to obtain $150 million in debtor-in-possession financing that would allow the company to operate in bankruptcy, according to unnamed sources cited in a Wall Street Journal article. View article...

Private Sector Closely Watches Federal Decision to Unload Properties Many commercial real estate analysts were caught by surprise when President Obama issued a memorandum last week directing federal agencies to dispose of excess government properties as a way to reduce the government's energy use and emission of harmful greenhouse gases. 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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