Daily News for Commercial Real Estate & Business – June 24, 2010

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

To view this week's, "The Watchlist," by Costar, click here. Here are a couple articles from this week: REDC Commercial: Bank-Owned Commercial and Nonperforming Notes...; Boxer Property Innovative Property Management Specializing in Distressed Assets...; Investcap Advisors LLC: CMBS Insight Is its Specialty

Financing for Banner project to come from operations Banner Good Samaritan Medical Center will finance its $71 million surgical services construction projects with funds from operations, says Rainey Daye Holloway, director of public relations for the hospital. View article...

Growth plan for Glendale Municipal Airport caught in turbulence Before the economy soured, Glendale had visions of developing its small-plane airport into a busy, corporate-jet hub that could rival Scottsdale Airport. View article...

Phoenix police union opens Sunnyslope offices The complex at 8821 N. Seventh St. looks like an average Sunnyslope strip-mall office space. It's the new headquarters for one of the most influential law-enforcement labor groups in the Valley. View article...

Scottsdale Gun Club considers opening gun club in Peoria With a brown, earthen façade, it could easily go unnoticed as part of any office or retail complex in any part of the Valley. But inside the Scottsdale Gun Club, a six-barrel minigun greets visitors as they enter. View article...

Worst month ever for new home sales Sales of new homes took a nose dive in May, both in the West and nationwide, following expiration of federal home buyer tax credits. View article...

Gov. Brewer signs solar credit bill Gov. Jan Brewer in a ceremonial signing gave her blessing to a bill to create individual and corporate income tax credits to boost production and development of solar liquid fuels. View article...

ING Weighs a Sale of Real-Estate Funds Now that property markets are recovering, ING Groep is wondering whether it should stay the course or go out of the business of operating real-estate funds. View article...

CRE Prices Ticked Higher in April The latest numbers from the Moodys/REAL Commercial Property Price Index (CPPI) show that prices continue to move sideways and that a bottom in pricing seems to have formed. View article...

Korpacz Study Finds Investors Frustrated by Lack of Deals PricewaterhouseCoopers' Korpacz Real Estate Investor Survey for the second quarter of 2010 finds that investors are looking for opportunities to buy but are largely frustrated by the lack of quality assets hitting the market. 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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