Daily News for Commercial Real Estate & Business – September 2, 2010

To view the September 2010 Affordable Housing Finance magazine, click here.

Two Closings in Two Days Nicholas L Miner, CCIM and David G Verwer, CCIM recently completed two commercial property sales in two days. View article...

Grubb & Ellis Apartment REIT Cuts Deal for Mission Residential Assets Grubb & Ellis Apartment REIT Inc. entered into definitive agreements totaling $182 million to acquire nine multifamily properties from affiliates of MR Holdings LLC and substantially all of the assets of Mission Residential Management LLC, the Mission Residential property management business. View article...

Small business owners brace for double dip Even though the nation's small business owners love running their own companies, they are bracing for a double-dip recession, according to the latest small business survey by Citibank. View article...

Fry's opens new upscale store in Phoenix Fry's Food Stores takes its business strategy to a new level with the opening today of its stylish Signature Marketplace superstore on Shea Boulevard in Phoenix. View article...

2 new Scottsdale fire stations take shape As construction continues on Scottsdale's two newest fire stations, residents near each of them may notice how they blend in with the two areas. View article...

Arizona midpack for property tax increases Arizona runs midpack among states for increases in property tax collections in 2008, the Tax Foundation reported in an analysis of U.S. Census Bureau data. View article...

Feds put Arizona jobless rate at 10% The U.S. Bureau of Labor Statistics says Arizona's employment rate hit 10 percent in July, a slightly gloomier picture that the state's report of 9.6 percent earlier this month. The local figures were adjusted for seasonal influences. 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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