Here are the news stories you might find interesting today regarding commercial real estate and business:
Banking Expert Steve Bram Explores the Future of Capital Markets (If you get a chance, listen to this podcast. It is about 10 minutes)
Bram, co-founder, principal, and senior director of George Smith Partners and one of the nation’s leading real estate investment banking professionals, discusses the state of the capital markets as we move into 2010. Read his related article in the November/December 2009 issue of Commercial Investment Real Estate.
Phoenix housing starts increasing
|New research from Metrostudy shows housing starts in the Phoenix area have grown through the first three quarters of 2009, but still lag last year’s pace.|
Dircks Moving Services acquires McCollister’s Southwest
|Dircks Moving Services, a Phoenix-based moving company, has purchased McCollister’s Transportation Systems Southwest.|
University of Phoenix returns to Tempe One with five-year lease
|Several large lease transactions have been announced in recent days, including a 111,300-square-foot deal for the University of Phoenix.|
LoopNet Survey Shows Fading Hopes for Commercial Real Estate Recovery in 2010
When will the commercial real estate market hit bottom and begin to recover? Nearly half of respondents (46%) to a LoopNet survey believe that the market transaction volume won’t recover until 2011 or later, up from 13% in July. More than 1,000 LoopNet members responded to the poll, which was conducted in the second half of October.
H&M shoppers to get free T-shirts, gift cards
|H&M, popular international retailer of low-priced, fashion-forward apparel, is opening its first Arizona store at noon on Thursday. To celebrate, it’s giving some choice freebies away to shoppers.|
Ecology vs. need for cash: Power plant splits Hopis
|The values of the tribe have been usurped by conflicts over power plants leading to tribal crisis.|
Krispy Kreme store returns to Arrowhead area
A Krispy Kreme doughnuts outlet is returning to the West Valley several years after the Peoria franchise shut down. The new factory-style store opens Tuesday, Nov. 10, along 83rd Avenue south of Bell Road.
McDowell task force to hear proposals
The McDowell Corridor/South Scottsdale Economic Development Task Force will meet Thursday to hear presentations on development opportunities for the area.
REGISTER ASAP! THERE ARE A LIMITED NUMBER OF TICKETS AVAILABLE FOR THIS EVENT! I am a panelist for the CCIM/IREM Economic Forecast on January 12, 2010. It is at the Phoenix Country Club and starts at 8AM. I will be on the Retail Panel with Daniel Pollack and Kevin Schuck. Our moderator is David Malin from Vestar. If you are in town, please come support me at the event. The website to register is www.iremccimforecast.com.
Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.