Daily News for Commercial Real Estate & Business – October 19, 2010

Brothers grow Mega Furniture chain A pair of brothers focused on offering "low-cost, high-quality" furniture have tapped into customers' desire for bargains, gaining such momentum that their 7-year-old business will expand by two stores this month. View article...

Senior Resource Group Buys Two Distressed Properties Senior Resource Group LLC has acquired two bank-owned properties: La Siena in Phoenix and Villa Hermosa in Tucson. The seniors living communities, both of which were developed by Opus West Corp. and opened in 2008, were sold for an undisclosed amount. View article...

Holiday hiring outlook gets a bit merrier U.S. retailers and observers expect more holiday jobs than in the last two years, but applicants still will have to look hard to find them. "Retail is going to do better than last year, and last year was better than the year before," said John Challenger, CEO of global outplacement firm Challenger, Gray and Christmas in Chicago. View article...

FLURRY OF ACQUISITIONS IN HEALTHCARE SECTOR While this year has been marked by cautiousness on the acquisition side of the real estate industry, this past week showed that healthcare remains a popular property type to purchase. Scottsdale-based REIT Healthcare Trust of America (HTA), which has already had a busy year on the acquisitions front, announced two new purchases. View article...

5 businesses team up to share space, cut costs Homeowners wanting to spruce up their abodes can do it all under one roof in a building at a Chandler intersection. In one spot, they can choose from thousands of carpet colors and designs. In the same store, they can find laminate flooring or tile. View article...

ADOT to begin hearings on new link for I-10 and US60 The Arizona Department of Transportation is seeking public comment on a potential new route in Pinal County that would link Interstate 10 and US 60. Held today in Florence will be the first of three public meetings on a North-South Corridor Study to identify and evaluate possible transportation routes. View article...

$97 Billion Targeting U.S. Real Estate in 2011 A new study by DTZ Research, a division of British real estate services firm DTZ, finds that global investors are prepared to plow some $97 billion into the U.S. commercial real estate market in 2011. That represents a 54% increase over DTZ's previous estimate in December 2009, the same month it launched the study. View article...

Foreclosures Sales, REO Inventories Increase Along West Coast: Report ForeclosureRadar has released its September market report, and the company's data shows that both foreclosure sales and inventories of bank-owned properties are on the rise throughout the West Coast states of Arizona, California, Nevada, Oregon, and Washington. 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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