Here are the news stories you might find interesting today regarding commercial real estate and business:
WAXIE cleaning supply company expands in Mesa
WAXIE isn't exactly a household name. More like a public restroom name. But now the company is becoming a green name, when it comes to both the environment and Mesa's economy.
CityNorth agreement stands for now, but court clarifies position on future cases
Phoenix's $97.4 million deal with CityNorth will be allowed to stand, but future economic development agreements will have to comply with a stricter standard, the Arizona Supreme Court decided today.
Bitter investors watch Elevation Chandler lawsuit closely
A group of investors in California is paying close attention to the saga of Elevation Chandler, especially the lawsuit by the man who claims he won the property at a trustee sale for a mere million dollars, a fraction of what the site is worth.
Intel to install rooftop solar panels
Intel Corp. said Monday it will install rooftop solar panels at its Ocotillo and Chandler Boulevard complexes in Chandler as part of a companywide solar power initiative.
Farmers market to debut in Tempe
Tempe's Sixth Street Park will be the site for the grand opening of the Mill Avenue Farmer's Market.
Wal-Mart cuts about 11,200 Sam's Club jobs
NEW YORK - Wal-Mart Stores Inc. will cut about 11,200 jobs at Sam's Club warehouses as it turns over the task of in-store product demonstrations to an outside marketing company.
Commercial real estate is a hot market, for court-appointed caretakers (Keep us in mind for any potential Receiver Opportunities!)
As the sluggish economy deprives building owners of their property, receivers are in high demand.
House panel OKs business tax breaks
Calling it the ultimate solution to the state's economic woes, members of a House panel approved an extensive package of tax breaks for business on Monday.
NABE: Economy making slow recovery
Slow as it may be, the economy appears to be making a recovery, according to a newly released report from the National Association for Business Economics.
Forecasters See Return to Stability, Not a Resurgence for Retail Real Estate in 2010
Based on the flurry of reports from a wide range of industry observers, there appears to be growing consensus that the worst may be over for the U.S. economy and that, with consumer spending returning to positive, a retail real estate recovery is in sight, say industry forecasters.
Forecaster: Fear Paving Way to Economic Recovery
U.S. policymakers' hasty comparisons of the unfolding recession to the Great Depression in 2008 triggered a panic that virtually halted discretionary spending by consumers and businesses alike, according to James Paulsen, chief investment strategist at Wells Capital Management.
Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.