Daily News from the desk of Nicholas L Miner, CCIM
Here are the news stories you might find interesting today:
By clicking here, you can download the ULI Arizona Spring 2009 Report.
Merchants, city plan makeover for Bell Road mile
Contest offers free rent on Mill Avenue
Arizona gets $82M in stimulus funds for water projects
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Arizona is receiving $82 million in federal stimulus money through the U.S. Environmental Protection Agency to develop water projects across the state, the agency announced Thursday. |
State projected to lose 167,800 jobs, Phoenix metro 128,300 in next two years
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Arizona is expected to lose 167,800 jobs in 2009 and 2010, according to new estimates from the Arizona Department of Commerce. The Phoenix-Scottsdale-Mesa metro area is expected to take the biggest hit, losing 128,300 jobs. |
Ailing Phoenix-area resorts picking up some leisure business from canceled Mexico trips
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Even though people may be deciding against getaways to Mexico or other destinations because of the swine flu outbreak, they still are seeking some downtime — and Valley resorts are ready to pick up the slack. |
Coury citrus grove in Mesa up for sale
| One of the last independently owned citrus groves in northeast Mesa is slated for residential development in the coming years. |
The future of private equity
Without the advantages of plentiful debt and rising equity markets, the private-equity sector faces many problems – the biggest of which is what to do with an estimated $1.02 trillion in committed but unused funds and a susceptibility to financial distress from even a small downturn in sales and EBITDA.
Does this particular “deleveraging” crisis mark the end of the private-equity industry? The authors don’t think so, and explain why. Read their argument, then let us know what you think.
Read more on the McKinsey Quarterly >
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