Daily News for Commercial Real Estate & Business – September 13, 2010

GRAND VISTA COMMUNITY PLANNED FOR 16,500 HOMES TARGETED IN FORECLOSURE Surprise - The former DaimlerChrysler proving grounds in the northwest Valley is targeted to be sold in a trustee's sale scheduled for December 7. The 5,485-acre parcel is owned by a venture formed by Toll Bros., Meritage Homes and Simon Property Group. View article...

VAN TUYL ADDS TO AUTOMOTIVE HOLDINGS WITH PURCHASE OF SUNSET FORD IN PEORIA Phoenix - A company formed by Valley businessman Larry Van Tuyl paid $10 million in cash to purchase 7.6 acres and roughly 43,000 sq. ft. of automotive buildings that comprise the former Sunset Ford dealership at 9130 W. Bell Road in Peoria. View article...

Glendale closes, but North restaurants still cooking Despite the closing of its Glendale location, Fox Restaurant Concepts' North brand isn't going south. View article...

Proposed Arizona Cardinals stadium development has detractors A second neighborhood meeting last week brought out more naysayers to a proposal to build high-rise offices, hotels and apartments on surface parking around the University of Phoenix Stadium in Glendale. View article...

Phoenix Sheraton to expand catering, add pool bar The city-owned Sheraton Downtown Phoenix Hotel is adding a pool bar and will expand its catering business. View article...

Buckeye eyes foreign trade zone The Town Council on Tuesday agreed to participate in the Greater Maricopa Foreign Trade Zone Inc., a foreign trade zone planned for the West Valley that would help attract businesses with federal and state tax breaks. View article...ASU reaches milestone for student enrollment The state's largest public university has hit a milestone, pushing past the 70,000-student mark for the first time. View article...

Claim Jumper files for Ch. 11 Claim Jumper Restaurants LLC filed for Chapter 11 bankruptcy protection Friday and said it plans to sell most of its assets to an affiliate of investment firm Canyon Capital Advisors LLC. View article...

Fla. Bank Closed Regulators closed one Florida bank on Friday, Sept. 10, raising the number of failed institutions to 134 so far in 2010. View article...

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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