Daily News for Commercial Real Estate & Business – September 1, 2010

Mesa says it won't push Waveyard out of Cubs' pick for training site Mesa insists it will not oust the Waveyard water park developers from the Riverview Park property even as that site has emerged as the Chicago Cubs' top choice for a new spring training complex. View article...

WhiteGlove House Call coming to Arizona WhiteGlove House Call Health Inc. has targeted Arizona and Massachusetts for its first expansion outside of its homebase of Texas following a round of venture funding earlier this year. View article...

Winning Bid on Centerpoint Condos to be Announced The winning bid on the Centerpoint Condominiums is to be announced soon. The development of the Centerpoint project, situated in downtown Tempe, was delayed since the lender, Mortgages Ltd, had filed for bankruptcy in 2008. View article...

Council approves huge freeway sign for A.T. Still University Mesa's City Council approved an 85-foot-tall sign along U.S. 60 near Recker Road, which will advertise A.T. Still University and some surrounding businesses. View article...

McDonald's hiring 800 in Arizona McDonald's restaurants across Arizona are looking to hire at least 800 part-time employees. View article...

Post Office seeks Phoenix retailers The U.S. Postal Service is looking for local retailers to provide services on its behalf. View article...

Arizona cotton farmers benefiting from global demand, higher prices Ronald Rayner has weathered many ups and downs in the four-plus decades he's grown cotton in the West Valley. View article...

Federal spending in AZ lags national average Arizona received $9,556 per person in direct domestic federal spending in fiscal 2009, less than the national average of $10,396, the U.S. Census Bureau reported Tuesday. View article...

Capital Freeze Thaws for Real-Estate Funds Real-estate funds saddled with tens of billions of dollars of boom-time properties are beginning to get some relief from Wall Street firms and other investors hoping to capitalize on their need for cash. View article...

FDIC: 829 Troubled Banks The Federal Deposit Insurance Corporation's "Problem Bank List" rose to 829 in the second quarter of 2010. This number is up from 775 at the end of the first quarter, according to the federal regulator. The total assets of "problem" institutions declined from $431 billion to $403 billion. 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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