Daily News from the desk of Nicholas L Miner, CCIM – June 4, 2009

Here are the news stories you might find interesting today:

Email me if you would like a copy of an report regarding medical office investment market and how the changes in Washington will impact this investment product type.

Grocery-anchored centers step into the spotlight
Grocery-anchored shopping centers are outperforming the general retail-property market, analysts say. Deals are more competitive, buyers are more able to secure financing, and pricing, though it has dropped somewhat, remains relatively stable

Toby Keith opens restaurant today in Mesa

Tohono O'odham to establish reservation near Glendale

Tolleson lands $11.6M loan for wastewater plant renovation

Skyrocketing solar projects creates demand for desert land

Western National Hangs Phoenix Shingle

PHOENIX-The multifamily property management company goes against the big names in the Phoenix market, already tucking 1,000 units in its portfolio.

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Arizona's economy ranks 17th among U.S. states

Arizona has the 17th largest economy among the U.S. states with a gross state product of $210 billion in 2008 despite being smacked hard by the recession and real estate crash.

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Salad Creations opens first Arizona restaurant

Focusing on fresh salads, wraps and soups, Salad Creations has opened in Paradise Village Gateway center in North Phoenix.

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Sun Microsystems cuts 18 Phoenix jobs

Sun Microsystems Inc. is cutting 18 workers from its Phoenix office at Camelback Road and 24th Street.

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Institute for Supply Management: Services sector continues contraction

The latest research from the Tempe-based Institute for Supply Management finds that the U.S. services sector shrank for the eighth consecutive month in May

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Milken Institute ranks Phoenix area 23rd for high-tech jobs

The Phoenix area ranks 23rd on a list of high-tech metropolitan areas, according to a study by the Milken Institute.

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Scottsdale Airport runway work to close operations in summer 2010

Scottsdale Airport is expected to close for part of summer 2010 while crews give the facility a brand new runway.

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UniqueTek expands to Chandler site

UniqueTek, a producer of specialty products for shooting sports, has moved to a new, larger office at 574 E. Alamo Drive in the Arizona Corporate Park in Chandler.

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Existing home sales see monthly surge

A national housing barometer shows existing home sales in April saw the largest monthly jump in eight years as buyers took advantage of low prices and record low mortgage interest rates.

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