Daily News for Commercial Real Estate & Business – May 4, 2011

Here are the news articles you might find interesting today for commercial real estate and business:

To view the May 2011 Scotsman Guide Commercial edition, click here.

Phoenix-area Commercial Real Estate Starts on a Rebound? While many people have been watching the housing-market crisis in the Phoenix area, fewer have paid attention to the commercial real estate situation. Industrial and office space, storefronts and apartment buildings are among the types of properties also affected by the recent real estate plunge. However, a new report from the W. P. Carey School of Business at Arizona State University shows, even though the housing market is still struggling, the commercial market may be starting on a rebound. View article...

Ruling: Glendale has no claim to land at proposed casino site A three-judge panel ruled Tuesday that Glendale has no claim on 46 acres that run through the site of a planned tribal casino. The panel overturned a Maricopa County Superior Court decision in Glendale's favor last spring. This week's ruling means the Tohono O'odham Nation now has 134 acres near the city's sports and entertainment district that it could apply for reservation status. View article...

Univers Workplace Solutions opening Phoenix office Univers Workplace Solutions, a Hammonton, N.J.-based provider of benefit communications and enrollment services, is opening a regional office at Tatum and Shea boulevards in Phoenix. View article...

First Quarter Apartment Sales Improve by Almost 50 Percent The upward year-over-year trend in apartment transaction volume continued in the first quarter. New York-based research firm Real Capital Analytics (RCA) reported that sales of significant apartment properties jumped 7.7 percent in the first quarter, improving 47 percent compared to the first quarter of 2010. Simultaneously, the volume in dollar value fell from $13 billion to $7.7 billion, a 40 percent drop, from a very strong fourth quarter of 2010. View article...

Intuit: Arizona leads in small business job growth A new report from Intuit shows Arizona led the nation in small business job growth in April. The Intuit Small Business Employment Index found that nationwide, small businesses added about 60,000 jobs in April for a monthly growth rate of 0.3 percent. In Arizona, that rate was higher, at 0.5 percent. View article...

Top 100 U.S. markets lead the world in economic clout America's 100 largest metropolitan areas wield more economic clout than any other nation in the world. The gross metropolitan products (GMP) of the top 100 markets equal $10.56 trillion, according to a new On Numbers study of U.S. Bureau of Economic Analysis data. View article...

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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