Daily News for Commercial Real Estate & Business – October 27, 2010

Updates from the CCIM REFOCUS Conference in Orlando You only get out of a conference what you put into it....or at least what sessions you show up too! Here are some notes from the two different sessions I attended. View article...

Mountain Vista center sold for $7.8M Buchanan Street Partners, a Newport Beach, Calif., real estate investment firm, paid $7.8 million for Mountain Vista Commerce Center in Phoenix. The 133,600-square-foot multi-tenant flex space is located at 14647 S. 50th St. The seller was Berkadia Commercial Mortgage, servicer for a commercial mortgage backed securities pool. View article...

Allen Systems Group Renews In Phoenix Allen Systems, also known as ASG Software, a software and business services provider, recently renewed its 12,326-square-foot lease at the Anchor Center East at 2231 E. Camelback Road. The tenant has occupied the space on the second floor since 2006. View article...

Two long-time chain restaurants in Mesa to close Mesa's Fiesta District will be minus two long time chain restaurants near Alma School and Baseline roads. California-based Islands Restaurants is planning to close Islands Fine Burgers and Drinks Nov. 7 at Alma School Road and U.S. 60. View article...

Plans for Los Arcos Crossing aired A developer hoping to rebuild the nearly vacant Los Arcos Crossing property hopes to anchor his project with a Costco and small grocery store that would draw shoppers to the McDowell Road corridor. View article...

Judge signs off on $110.7 mil verdict in real-estate dispute A Superior Court judge has entered final judgment in July's $110.7 million verdict involving a real-estate dispute in northeast Phoenix's Desert Ridge area. The judgment sets the stage for a possible appeal. View article...

Scottsdale Walmart to celebrate expansion next week The grand opening of the expanded Walmart store at Pima and Chaparral roads is a week away. The store has been undergoing a major renovation since last December, expanding from 126,909 square feet to almost 177,000 square feet. 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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