Daily News for Commercial Real Estate & Business – September 24, 2010

To view the First American Title Winter 2010 Commercial Insight, click here.

Goodwill Leases 35,000 SF in Mesa Goodwill signed a six-year lease for 34,960 square feet at 2070 S Power Road in Mesa, AZ. The nonprofit organization will take occupancy on January 1. The space, formerly occupied by Albertsons, is in a 133,931-square-foot shopping center located at the Southwest corner of Baseline and Power Road. View article...

Phase 54 owner seeks bankruptcy protection Jon Harris, owner of the controversial Phase 54 nightclub at Ray Road and I-10, has filed for Chapter 11 bankruptcy protection. View article...

Former Scottsdale Riverwalk takes a step Scottsdale's Planning Commission is recommending the city council sign off on a downtown project proposed by Gray Development for a vacant site just north of Scottsdale and Camelback roads. View article...

Scottsdale seeks development proposals for 80 acres near WestWorld Scottsdale is looking for developers interested in an 80-acre site north of WestWorld that will cost the city $81 million in bond payments over the next 25 years. The Scottsdale City Council on Tuesday, with little discussion, voted unanimously to issue a request for proposals for the former state trust land at 94th Street and Bell Road. View article...

Coben & Associates personal injury firm joins firm group Scottsdale personal injury and product liability law firm Coben & Associates is merging with a Philadelphia plaintiff's firm. View article...

Sheraton Phoenix Downtown to Upgrade The state's largest hotel is ready to expand. In early September, the Downtown Phoenix Hotel Corporation approved funding to install a pool bar at the Sheraton Phoenix Downtown and grow the hotel's catering service. The upgrades will be financed from an account dedicated to construction of the hotel, which was built with $350 million in revenue bonds. View article...

Cubs willing to wait for Riverview, chairman says Chicago Cubs Chairman Tom Ricketts didn't exactly throw cold water this week on the idea of his team sharing space with Waveyard at what's now Riverview Golf Course. 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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