Daily News for Commercial Real Estate & Business – September 14, 2010

To view August/September issue of Chain Store Age, click here.

Kevin Thorpe Discusses the Office Market (about 12 minutes long)The office market has hit bottom, but when will the recovery begin? Kevin Thorpe, chief economist at Cassidy Turley in Washington, D.C., discusses job growth and other factors that are affecting office sales and leasing activity in core and second-tier markets. For more on this sector, read "Running on Empty," Commercial Investment Real Estate magazine's September/October cover story. Listen to podcast here....

Ramada razing in downtown Phoenix begins The walls began tumbling down at the old Ramada Inn in downtown Phoenix last week, but some neighbors want to stop the city from turning the site into a parking lot. View article...

$1.5M injected into NE shopping center A real estate investment group is pouring more than a million into a shopping center on the northeast side of Tucson that for years has struggled with vacancies. View article...

Cole Real Estate buys California retail center for $83.5M Phoenix-based Cole Real Estate Investments has acquired the Whittwood Town Center in southern California from Morgan Stanley for $83.5 million in cash. The community shopping center is in Whittier, Calif. View article...

North Phoenix businesses band together to survive recession When Joe Kapidani thinks about 2009 at Abby's Grill-Cafe & European Groceries, he remembers how customers trickled in and he could not earn a profit. View article...

Revolution beverages to be sold in Safeway stores Phoenix-based beverage maker Revolution has entered into a distribution deal with Safeway. View article...

After recession lull, local companies look toward IPOs Arizona's market for new public companies showed signs of life earlier this year with two companies poised to offer stock for the first time. View article...Long-shuttered Tovrea Castle undergoing renovations to finally receive visitors With a long staff helping him up the way, John Driggs climbed the narrow wooden stairs of one of Phoenix's most famous and mysterious buildings. View article...

Violent crime down nearly 14% in Arizona Crime in Arizona dropped sharply in 2009, with overall violent crime down by 13.9 percent. FBI statistics released on Monday show murder and non-negligent manslaughter dropped by 22 percent in 2009. 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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