Daily News for Commercial Real Estate & Business – September 17, 2010

Mesa, Cubs zero in on Riverview as Waveyard scales back Mesa and the Chicago Cubs are now exclusively considering Riverview Park in the city's northwest corner for the team's new spring training complex. View article...

Cole continues buying streak with $48M St. Louis deal Cole Real Estate Investments of Phoenix paid $48.5 million to acquire a major stake in Manchester Highlands, a multi-tenant shopping center in the St. Louis area. View article...

Glendale to annex 200 acres to protect Luke Air Force Base Glendale grew a little larger on Tuesday as the City Council voted to annex nearly 200 acres in the city's far west planning area. View article...

Senate passes small business bill The U.S. Senate today approved a multibillion-dollar small business aid bill favored by many in the foodservice industry. View article...

New Census data: Arizona is second poorest state in the nation More than one out of five Arizonans live in poverty, a figure higher than anywhere else in the nation except for Mississippi. View article...

Number of poor, uninsured rise The number poor and uninsured Americans jumped last year. The U.S. Census Bureau reports there were 50.7 million Americans without medical insurance in 2009. That is up from 46.3 million in 2008. Nationally, 16.7 percent of Americans are now without coverage. View article...

Arizona unemployment rate highest in nearly three decades Arizona's jobless rate ticked up a tenth of a point in August to the highest level it has been in nearly three decades. View article...

Foreclosures hit record, Arizona third Foreclosures hit a record high nationally in August with banks taking back 95,400 homes, according to Realty Trac, an online database of distressed real estate. 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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