Daily News for Commercial Real Estate & Business – September 15, 2010

Developer ready to show plans for Tatum/Greenway parcel The owner of vacant land at Tatum Boulevard and Greenway Road has begun moving toward developing the 16-acre parcel, more than a year after purchasing the land in a foreclosure sale. View article...

Investors may lose millions in Sun City real-estate scheme More than 100 elderly investors are facing losses of up to $18 million after an elaborate Sun City house-flipping business collapsed. View article...

Arizona Cardinals stadium development plan has detractors A second neighborhood meeting last week brought out more naysayers to a proposal to build high-rise offices, hotels and apartments on surface parking around the University of Phoenix Stadium in Glendale. View article...

Obstacles cloud Pinal County vision for Superstition Vistas Like an ever-elusive desert horizon, Arizona's vision for Superstition Vistas is a moving target. The 275-square-mile chunk of state land in northern Pinal County is still being framed as the possible site of one or more ecofriendly cities in coming decades, with population estimates ranging up to a million. View article...

American Solar, Elliott Homes partner in Yuma American Solar Electric and Elliott Homes are partnering on solar systems for new homes in several Yuma subdivisions. View article...

Time for Banks to Sell Nonperforming Loans? For the past couple of years, investors in nonperforming loan investors have besieged bankers with inquiries. Frequent responses from bankers have ranged from "we have no problems" to "we're handling them internally," or "we're waiting for the real estate markets to turn around." View article...

Distressed Retail Centers Are Not a Mess, Says JLL's Maloney Over the past two years, Jones Lang LaSalle Retail, a giant in the third-party management business, has encountered a wide range of distressed assets. From April 2009 to April 2010, its U.S. retail portfolio under management rose from 57.8 million sq. ft. to 79.7 million sq. ft., nearly a 38% increase. View article...

If you want a copy of the latest foreclosure spreadsheet, email me and I will send it to you.

Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.

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