Here are the news stories you might find interesting today:
MID-AMERICA ADDS TO MULTI-FAMILY HOLDINGS . . . SPENDS $17.5 MILLION FOR 232 UNITS
Gilbert – A company formed by Mid-America Apartment Communities Inc. in Memphis, Tenn. (NYSE:MAA, Eric Bolton, chairman) paid $17.5 million ($75,431 per unit) to buy the 232-unit Skyview Ranch apartments at 4632 E. Germann Road in Gilbert. The seller was a company formed by Fairfield Residential Inc. in San Diego (Chris Hashioka, pres.).
OPUS DEALING WITH ANOTHER VALLEY FORECLOSURE . . . BANKRUPTCY STILL LOOMING
Chandler – A company formed by principals of The Opus Group in Minneapolis, Minn. is in jeopardy of losing a Chandler office property to foreclosure. According to Ion Data, a Mesa-based provider of real estate data, Craig Williams of the Phoenix law firm Snell & Wilmer is the trustee on the pending foreclosure. The trustee’s sale is slated for September 8.
Anchor Blue to close all Phoenix-area stores
|Anchor Blue is closing three stores across Arizona, including two in metro Phoenix, as part of a larger closure of underperforming stores.|
Arizona construction employment down most in US
|Arizona led all states for decreasing employment in the construction sector during the past year, according to the Associated General Contractors of America’s monthly Data Digest report.|
Diamondbacks, Rockies leaving Tucson, will move spring training to Valley in 2011
|The Arizona Diamondbacks said Friday that next year’s Cactus League season will be their last in Tucson.|
Gannett may make more staff cuts at newspapers, salary cuts at television stations
|Gannett Co. Inc. – the parent company of the Arizona Republic and USA Today newspapers and Phoenix NBC affliliate KPNX Channel 12 – could be laying off more newspaper workers and cutting broadcaster salaries. (GCI)|
Landlords Finding New Uses for Big Box
|TUCSON, AZ-As the pool of big box retailers continues to shrink, retail owners are finding different and creative uses for the empty space.|
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