Daily News from the desk of Nicholas L Miner, CCIM – June 5, 2009

Here are the news stories you might find interesting today:

More Than $467 Million in Recovery Act Funding Will Go to Geothermal and Solar Energy Projects

President Obama announced that more $467 million from the American Reinvestment and Recovery Act will go to expand the development, deployment, and use of geothermal and solar energy throughout the United States.

Upscale changes coming to Rawhide

Bloomindale's, Macy's pull out of CityNorth

Plan to renovate Biltmore gets thumbs-up

Grocery taking shape in downtown Phoenix

Wal-Mart announces 22,000 jobs on eve of shareholder meeting

Wal-Mart Stores Inc. announced Thursday that it is creating more than 22,000 jobs this year, including about 1,300 in Arizona, as it opens and expands stores across the U.S. (WMT)

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IGo chargers get exposure at 600 new retail sites.

IGo Inc. is expanding the distribution network for its eco-friendly charging units for laptop computers and mobile devices to 600 new retail outlets.

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Dowtown Sheraton growing its own herbs

The Sheraton Phoenix Downtown has added a 120-square-foot seasonal garden on the fourth-floor deck of the 31-story hotel in an effort to promote environmental sustainability.

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U.S. retailers report May sales declines

NEW YORK -- U.S. retailers reported same-store sales fell in May below expectations, as pressures like rising unemployment continued to curtail consumer spending. Graphic: retail sales

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Rockefeller finishes office building

Rockefeller Group Development Corp. has completed a two-story, multitenant office building at Chandler Corporate Center, a master-planned business park at the northwest corner of McClintock Drive and Chandler Boulevard.

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Costa Vida restaurant opens

Queen Creek has a new restaurant.

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Work begins on Gila River McDonald's

The first McDonald's restaurant in the Gila River Indian Community will break ground this morning at the northeast corner of 56th Street and Sundust Road, just east of Interstate 10.

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Thai diner takes a chance on downtown Mesa

The owner of a new Thai restaurant in downtown Mesa hopes the area could someday become a center of restaurants and night life like other "old town" historic centers in American cities.

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Mesa Bank Sells for $1.4M

UTAZ Real Estate sold the bank building at 3156 E. Baseline Road in Mesa, AZ, to a private investor for $1.45 million, or about $240 per square foot. The 6,051-square-foot retail building was completed in 2003 in the Superstition Corridor. The property...

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College Leases 31,800 SF in Tempe

IIA College (soon to be renamed Brookline College) has leased the office building at 1140-1150 S. Priest Drive in Tempe, AZ. The 10-year, three-month deal is valued at $4 million. The single-story, 31,800-square foot office was built in 1981 and...

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Presson Grabs Rose Garden Lane Business Park

Presson Corp acquired the Rose Garden Lane Business Park in Phoenix from Rose/Bell Investments for $4.27 million, or $59 per square foot. The three-building industrial campus totals 72,892 square feet. Tenants include Valley Wide Electric, Sparkling...

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