Daily News for Commercial Real Estate & Business – September 28, 2010

Scottsdale group aims to transform vacant spaces into art venues The group that oversees Scottsdale's public-art program is transforming the city's vacant retail spaces into a window of opportunity for landlords and artists. View article...

Paradise Valley No. 78 on top ZIP Code list It's a long way from No. 1 Duarte, Calif., but Paradise Valley did squeak onto Forbe's top 100 list of most expensive ZIP Codes. View article...

Evergreen Development's Gregg Alpert dies Gregg Alpert, managing principal for Evergreen Development in Phoenix, died unexpectedly this weekend. An announcement of his passing was emailed Monday to members of Valley Partnership. View article...

Business travel continues decline New figures from the U.S. Travel Association show domestic business travel continues to decline. View article...

Cole Files Two Non-Traded REIT IPOs Totaling $7B PHOENIX-Prolific non-traded REIT sponsor Cole Real Estate Investments has registered two new non-traded REITs with the Securities and Exchange Commission: one for Cole Advisor Retail Income REIT Inc. and the other for Cole Advisor Corporate Income REIT Inc. View article...

Commercial Mortgage Debt Dips in Q2
And now for a bit of good news: The level of commercial/multifamily mortgage debt outstanding decreased in the second quarter, to $3.24 trillion, according to the Mortgage Bankers Association's (MBA) analysis of the Federal Reserve Board Flow of Funds data. View article...

Scottsdale crime dips 10 percent in first half of 2010 In 34 years in law enforcement, Scottsdale Police Chief Alan Rodbell has never seen anything like the crime statistics being reported recently. 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.

Comments

  1. I didn’t know Cole REIT filed two more REITs- that’s great!

  2. They have been very active this past year. I have a friend that just started over there and he is amazed at the level of production that is going on!

    How did you find my daily news letter? Just curious!

    Thanks!
    Nick

    [WORDPRESS HASHCASH] The poster sent us ‘0 which is not a hashcash value.

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