Daily News for Commercial Real Estate & Business – October 22, 2010

Naturopathic medical school opens Tempe facility One of only five accredited naturopathic colleges in the nation, the Southwest College of Naturopathic Medicine and Health Sciences officially opened a new medical center in Tempe recently, bringing new teaching facilities and increased treatment opportunity to the Valley. View article...

EPA installing wells to monitor Superfund site in downtown Phoenix The U.S. Environmental Protection Agency, in coordination with the Arizona Department of Environmental Quality, is installing groundwater monitoring wells in downtown Phoenix. The seven additional wells will provide sampling information related to groundwater contamination from the Motorola 52nd Street Superfund site. View article...

Multiuse bridge takes shape at 63rd Ave Amid dirt piles and concrete slabs alongside Loop 101 in Arrowhead, a structure that will change the way pedestrians and cyclists cross the freeway is gradually taking shape. A multiuse bridge at 63rd Avenue will link bicycle paths running north and south of the loop. View article...

Number of employed Arizonans higher than a year ago It looks like Arizona has finally stopped losing jobs. The number of people working in the state last month actually is slightly higher than those employed a year earlier. That is the first time the state Department of Commerce has found such a year-over-year change in nearly three years. View article...

Fed Beige Book Shows Modest Growth but Weak Real Estate Conditions The Federal Reserve's popular Beige Book report released this week suggests economic activity across most of the nation is showing signs of "modest" growth, but it's not enough to improve the country's anemic jobs picture with the unemployment rate holding at or above 9.5 percent for more than a year. View article...

DebtX to Sell $1.1 Billion in Loans Over Next Six Weeks DebtX, a marketplace for loans, plans to sell $1.1 billion in commercial real estate and residential loans in 10 separate transactions through early December, according to the company. The sales include $784 million in commercial real estate loans and $363 million in residential loans, with collateral located across the United States. DebtX is executing the transactions on behalf of commercial banks, insurance companies and mortgage servicers. 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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