Daily News for Commercial Real Estate & Business – October 21, 2010

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

Tucson's First Pediatric Hospital Opens Children and their families living in southern Arizona have another healthcare option: Tucson's first pediatric hospital, Diamond Children's Medical Center at University Medical Center, has opened. View article...

Phoenix's Top Industrial Sales for Third-Quarter 2010 The following is an account of the Phoenix market's top five industrial sale transactions for third-quarter 2010. View article...

Ecotality maps out electric vehicle charging stations Ecotality Inc. has unveiled a map for the 960 electric vehicle charging stations it will install throughout the Phoenix area. The company said Tuesday public charging station locations will include Best Buy stores among others in an effort to create a widespread infrastructure. View article...

Arizona is 5th most desirable state Arizona is gaining in popularity, according to Harris Interactive. Worries about the heat, housing debacle and immigration may be overblown as U.S. residents picked the Grand Canyon State as the fifth most desirable place to live, thanks in part to strong support from the baby boomer crowd. View article...

New radiation vault coming to Goodyear cancer center Goodyear's Cancer Treatment Centers of America will spend about $3.2 million for a new radiation vault to treat patients. Patients with lung, prostrate, breast and certain gynecological cancers will receive a form of high-dosage radiation. The Cancer Treatment Centers of America at Western Regional Medical Center plans to open the brachytherapy vault by mid-April. View article...

Intel to invest up to $8B in Arizona, Oregon Intel Corp. will invest between $6 billion and $8 billion in five semiconductor fabrication plants in Arizona and Oregon as it steps up its bid for new technology. The investment, officials said Tuesday, will create 800 to 1,000 permanent jobs. View article...

At last! Apartment Investors Are Making Deals as Fundamentals Impress Analysts CBRE Investors acquired the 1,520-unit Resort at Pembroke Pines complex in Hollywood, Fla., on Sept. 10 for a reported $193.5 million. View article...

Investment Climate for Top Assets to Improve in 2011 Investors will increase acquisitions of well-leased, cash-producing class-A retail assets in gateway markets in 2011, according to the Emerging Trends in Real Estate 2011 report from the Urban Land Institute (ULI) and PricewaterhouseCoopers LLP (PwC). But buyers will have to settle for lower returns than they have become accustomed to. For next year, the ULI forecasts average returns of 7.5 percent for institutional quality private real estate equity and average returns of 8.2 percent for the REITs on investments in all commercial real estate classes. 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.