I hope you have a GREAT Labor Day Weekend! The news will resume next Tuesday.
Here are the news stories you might find interesting today:
A Taxing Workout?
The slumping global economy and stagnant credit markets have taken a toll on nearly all commercial real estate properties. Many assets are struggling to generate sufficient income to meet financing obligations in the current market. As a result, many real estate owners are being forced to consider bankruptcy, foreclosure, and other types of workout plans. However, property owners should proceed with caution when seeking debt relief, as many strategies can result in the realization of taxable income.
Report: Government to hire 270,000 by 2012
|Federal agencies will be hiring more than 270,000 workers for mission-critical jobs by the end of September 2012, according to a new report from the Partnership for Public Service.|
Survey: Most Americans have changed their eating habits
|Two out of three adults in the United States have changed their cooking and eating habits because of the economy, according to a new survey conducted by Harris Interactive for Whole Foods Market Inc. (WFMI)|
Panel approves Rockefeller hotel/office plans
|A major New York-based developer, the Rockefeller Group Development Corp., received Chandler planning officials’ endorsement Wednesday to build a hotel/office complex on Loop 101 more than 100 feet taller than what’s currently allowed.|
Chandler to loosen sign laws to boost business
|The ongoing economic downturn has been brutal for Chandler businesses, and it’s time to help them out by relaxing laws governing the size and duration of temporary advertising signs, according to Mayor Boyd Dunn.|
Each day I sort through various industry publications and local news sources and narrow down the top local articles that matter to commercial real estate owners and business owners.
Please feel free to contact me regarding these stories, the current market, distressed opportunities or your property.
Lastly, please let me know if there is somebody that could benefit from receiving my daily news.