Daily News from the desk of Nicholas L Miner, CCIM – May 13, 2009

Daily News from the desk of Nicholas L Miner, CCIM

Here are the news stories you might find interesting today:

State Farm to open office in center (Dave Verwer, CCIM from Eagle represented the tenant on this transaction!)

State Farm Insurance has leased 1,400 square feet in the Shoppes at Parkwood Ranch shopping center at Signal Butte Road and Southern Avenue in Mesa.

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Harvesting Arizona wind in Holbrook

Tilted Kilt in Peoria expanding outdoors

City eyes bigger role in redefining downtown

Work takes shape on Loop 303 stretch

Tribal council to vote on raising development fees

Home sales on the rise, percentage of foreclosures down

Local home sales are picking up, while the percentage of foreclosed homes among those sales is dropping, according to the Realty Studies department at Arizona State University.

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Arizona ranks third in rising home sales

While home prices continue to drop across the nation, only two states are seeing a larger increase in home sales than Arizona, according to the National Association of Realtors.

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Arizona fourth in foreclosures for April

New research from RealtyTrac shows that foreclosure filings reached a record high nationally in April, and Arizona was one of the most severely affected states.

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Fennemore Craig cuts staff

Fennemore Craig PC cut 17 positions in two sets of layoffs.

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Airport partner selling land near Gateway

A business partner with Phoenix-Mesa Gateway Airport is auctioning a large chunk of land abutting the south side of the airport to pay off a debt.

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Coyotes bankruptcy could impact arena deals

The Phoenix Coyotes appear to be the first big league team to file for bankruptcy protection in the middle of a long-term lease, and the move could have ramifications for other teams and cities when they try to finance new buildings.

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I.C. Medical Purchases Phoenix Flex for $1M

I.C. Medical Inc., a developer of surgical smoke filtration systems, purchased the flex building at 2340 W. Shangri LA Road in Phoenix from Brooks Automation for $1 million, or $53 per square foot. The 18,746-square-foot light distribution facility...

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Phoenix Flex Nets $1.2M

Liquid Environmental Solutions purchased the flex building at 3636 W. Lower Buckeye Road in Phoenix from a private seller for $1.25 million, or about $570 per square foot. The 2,200-square-foot facility sits on 5 acres of land, conveniently situated...

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Casa Grande Industrial Trades for $1M

South C.G. Properties purchased the industrial building at 2016 N. Pinal Ave. in Casa Grande, AZ, for $1 million, or $21 per square foot. The 47,500-square-foot warehouse was built in 1974 in the Pinal County Industrial submarket. The property was...

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