Daily News for Commercial Real Estate & Business – March 3, 2011

To view this weeks The Watchlist by Costar, click here.

Vista Medical Group (VMG) set to open Primary Care Internal Medicine Clinic in Apache ASL Trails Housing Complex (Dave & I negotiated this for the owner) Vista Medial Group (VMG) is proud to announce the opening of their fourth clinic within the compounds of Apache ASL Trails on Apache Blvd., quarter mile east of Loop 101 in Tempe. Apache ASL Trails is housing complex for the Deaf and Hard of Hearing Seniors and VMG is set to provide outpatient medical care to all of its residents and the local community of Tempe. View article...

Arizona's Manufactured Housing Market Heats Up Investor interest in manufactured housing communities in Arizona is stronger than it has ever been, according to Russ Warner, a first vice president with Cassidy Turley/BRE Commercial. The state's growing senior population, coupled with the sector's history of steady performance, is attracting investors from across nation. View article...

Microsoft headlines new Hayden Ferry tenants Five companies have moved into the Hayden Ferry Lakeside 12-story tower, bringing that building's occupancy to 90 percent. The leases were announced by CB Richard Ellis in Phoenix, which represented the landlord, New York-based Sumitomo Corp. of America. View article...

ForzaStone opens Phoenix distribution center ForzaStone Building Solutions LLC opened its first U.S. distribution center in Phoenix. Started in 2009 by Geoff Habicht, Curtis Ray and Jarrod Streng, Mesa-based ForzaStone is in the process of expanding its distribution and installer base throughout North America. View article...

Shooter's World to open indoor shooting range in Peoria Peoria will get a new indoor shooting range this month. Shooter's World of Phoenix is opening its second Valley location at Cactus Road and 89th Avenue. An exact date is not set. Don Gallardo, Shooter's World store manager at the Phoenix location, said many customers talked about a lack of gun ranges in the West Valley. View article...

Forbes: Phoenix among emptiest cities A new list at Forbes.com puts Phoenix sixth on the list of top 10 Cities for Rent or Sale. That follows yesterday's Forbes ranking as one of the most miserable cities for sports cities. View article...

10 Ideas for Filling Vacant Borders Stores Last week, Borders filed for bankruptcy and quickly identified 200 stores it would close while leaving open the possibility that it might add another 75 stores to the list. The closings will prove more problematic for some centers than others and cause distress for some lenders. Retail Traffic's editorial team spoke with several brokers, developers and other retail real estate experts in recent days to pick their brains for ideas landlords could explore to fill empty Borders spaces. 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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