Daily News for Commercial Real Estate & Business – November 23, 2010

El Dorado Holdings Buys 79 Acres for $4M El Dorado Holding Company purchased 78.67 acres on the northwest corner of Van Buren St. and N. 59th Ave. in Phoenix, AZ for $4.06 million, or about $51,608 per acre, from Charles M. & Marilyn C. Heers. The all-cash transaction represents one of the largest recent land deals in the Phoenix market. View article...

Pure Fitness gyms acquired by LA Fitness Members of a Tempe Pure Fitness gym have been told that the facility will close on Nov. 24 because the chain was acquired by Irvine, Calif.-based LA Fitness. A staff member at the Pure Fitness location at 1090 E. Baseline Road said that their gym would be the only metro Phoenix location that would close. View article...

Avondale City Council to vote on PIR's $15 million proposal Phoenix International Raceway is planning $100 million in long-term development at its track in Avondale, and the city plans a significant expenditure of its own to make it happen. PIR would spend $15 million by November 2012 for repaving, a slight reconfiguration of the racetrack and a new media center. View article...

Business is up at restaurants America's appetite for eating out is starting to rumble again. Three years after the $580 billion restaurant industry saw its harshest downturn in decades, there are signals that the worst may be over for an industry that suffered as people saved by eating out less. 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.

Speak Your Mind

*

CommentLuv badge

footer script.