Daily News for Commercial Real Estate & Business – September 9, 2010

Alpine Valley Bread Co. Pays $3M for Mesa Industrial Alpine Valley Bread Co. purchased the manufacturing building at 300 W Southern Ave. in Mesa, AZ, from Ol-Lonely Enterprises Inc. for $3 million, or about $50 per square foot. View article...

Global Sports Holdings Pays $2.8M for Phoenix Warehouse Global Sports Holdings LLC purchased the facility at 9100 S. McKemy St. in Tempe, AZ, from RREEF for $2.8 million, or $65 per square foot. The 43,100-square-foot warehouse was constructed in 1996 near the Tempe Sports Complex. The buyer plans to build out the industrial facility for youth volleyball and basketball training. View article...

Teavana opens fourth Arizona tea shop An Atlanta chain of tea shops recently opened its fourth Arizona location at Kierland Commons, 15034 N. Scottsdale Road, bringing its brand of 100 varieties from around the world to northeast Phoenix tea drinkers. View article...

Capital Commercial to begin work on $750M Continuum in Chandler Capital Commercial Investments Inc. is hoping to attract corporate headquarters, data centers and businesses in growth sectors such as bioscience and renewable energy to Continuum, a $750 million, 152-acre master-planned project in Chandler. View article...

Seasons 52 hiring for Biltmore restaurant The soon-to-open Seasons 52 restaurant at Biltmore Fashion Park in Phoenix is looking to hire at least 100 employees. View article...

Mesa slips in Census growth rankings After eclipsing places like Minneapolis, Miami and Pittsburgh to become the country's 38th-largest city in 2007, Mesa has slipped back to No. 39, according to the latest U.S. Census Bureau estimate. View article...

Arizona to receive $45 million more to fight foreclosure crisis Arizona will receive an additional $45 million in federal dollars to help with the state's foreclosure crisis. View article...

Apartments, Hotels Hit Hard as CMBS Delinquency Rate Sets Record at 8.9% The delinquency rate for loans held in commercial mortgage-backed securities (CMBS) shot up 21 basis points in August to a record high of 8.92%, according to a report just released by researcher Trepp LLC. View article...

CoStar Commercial Repeat-Sale Indices™ CoStar Commercial Repeat-Sale Indices (CCRSI) provides one of the most comprehensive benchmarks possible for tracking and analyzing commercial real estate price movements down to the month, serving as timely indicators of the overall value trends. 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.

Speak Your Mind

*

CommentLuv badge

footer script.