Daily News from the desk of Nicholas L Miner, CCIM – July 29, 2009

Here are the news stories you might find interesting today:

Glimmers of hope in Glendale's commercial sector

Scottsdale gears up to buy 400 acres of state trust land

Amaranth land reverts to lenders

New business starts down, not out in Q.C.

Businesses in Queen Creek are opening at a slower pace than they have in the past two years, but some owners are still taking the plunge despite the recession, town records show.

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Microsoft store to debut in East Valley

The East Valley will host one of the first two Microsoft stores when the computing giant enters the retailing world this fall.

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Real Money: Arbor Restructures $374M in Debt with Wachovia

In this week's issue: Arbor Realty Trust restructures $374 million in financing facilities Forest City arranges multiple financings and extensions totaling $325 million Plus we give you new property finance deals and a valuable leads list of lenders...

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Meritage says orders up as net loss mounts

Second-quarter revenue fell to $220 million from $374 million a year ago for Meritage Homes Corp., while its net loss climbed to $73.6 million from $23.5 million. (MTH)

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Case-Shiller: Home prices down, but decline is leveling

U.S. home prices continue to be well below 2008 levels, and Phoenix continues to be the hardest-hit market in the country.

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New offer calls for some Coyotes games in Canada

A third ownership group seeking to buy the Phoenix Coyotes is pondering having some games played in Canada, but says it will not uproot the hockey team totally from its Glendale home.

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Kona Grill sales rise with new locations

Kona Grill Inc. sales increased in the second quarter to $21.5 million from $19.7 million in 2Q 2008.

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SEC sues Mortgages Ltd. lender Radical Bunny

Radical Bunny LLC, a Phoenix investment group that made multi-million-dollar loans to Mortgages Ltd., is the target of a lawsuit filed Tuesday by the U.S. Securities and Exchange Commission.

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Tutto Italian eatery opens at SouthBridge

Scottsdale's SouthBridge has a new dinner restaurant called Tutto. The restaurant serves authentic Italian dishes and sits in the SouthBridge development on the southern banks of the canal west of Scottsdale Road.

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Cold Stone teams with Danish chocolatier on stores

Cold Stone Creamery has opened its first co-branded stores in Denmark, and is planning nearly a dozen more this year.

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98 of top 100 metros suffer job losses

Ninety-eight of the nation's 100 largest labor markets lost jobs between the midpoints of 2008 and 2009, according to a report issued Wednesday by the U.S. Bureau of Labor Statistics.

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State Buildings Could be Up for Sale

PHOENIX-Legislators consider sale-leaseback options for government buildings, which could bring up to $735 million into the treasury.

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