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Commercial Real Estate & Business News – February 14, 2013

Happy Valentine’s Day!

Here are the news articles you might find interesting today for commercial real estate and business:

2013 ULI Trends Day Arizona Recap – Part 1 – Education Panel This was the 8th Annual Trends Day event hosted by the Arizona ULI. This was my first experience at the Trends Day conference. My overall impression, the information provided was fascinating but not necessarily to the level of detail that was at the CCIM|IREM Economic Forecast that I attended in January 2013. After 9 hours and several cups of coffee and a few sodas, I wanted to provide my recap to you. View article…

Mark-Taylor sells McCormick Ranch land in Scottsdale Scottsdale’s Mark-Taylor Inc. has sold the last big chunk of vacant land available in the affluent Scottsdale neighborhood of McCormick Ranch to Standard Pacific of Arizona Inc., a subsidiary of Irvine, Calif.-based Standard Pacific Corp. (NYSE: SPF), for $6.5 million. View article…

Hundreds line up for central Phoenix Sprouts opening Starting at 4 a.m. people were lined up to get their hands on free groceries at the Squaw Peak Plaza at 16th Street and Glendale Avenue. Sprouts Farmers Market has opened shop and it had a certain Black Friday feel. Big lines, crowded parking lots and what most people really cared about, freebies. View article…

Banner Health Model Offers Glimpse Into Future of Healthcare Real Estate Most healthcare providers would agree that establishing an “ambulatory strategy” is a top priority as they strive to reduce costs, improve access to care and compete more effectively. Embarking on such endeavors has become quite important, perhaps instrumental, in the era of thePatient Protection and Affordable Care Act, known as “Obamacare.” View article…

Elliott Pollack uses his wit to keep real estate crowd hanging on every word No matter how mundane the topic, local economist Elliott Pollack sure knows how to grab – and keep – an audience. That was the case at the Sheraton Phoenix Downtown on Tuesday. Pollack, president of Scottsdale-based Elliott D. Pollack & Co., had several hundred people hanging on his every word as he walked them through the state of the national economy and how it ties back to Arizona and its real estate sector. View article…

Another real estate boom for Phoenix? Local experts weigh in Both commercial real estate and housing in Arizona clearly have been picking up steam, but until improvements in the nation’s overall economy and employment shift from subpar to above average, another market boom still is several years away. View article…

Arizona bank to buy O.C. lender A judge on Tuesday approved the sale of Fountain Valley’s Centennial Bank, more than four years after the bank’s parent company filed for bankruptcy. Western Alliance Bancorporation, a Phoenix-based multi-bank holding company, will pay at least $57.5 million in cash for Centennial and merge it with affiliate Western Alliance Bank. The total price, including closing costs and the possible sale of two loans, could be more than $71 million, according to court filings. View article…

Boards of US Airways, American Airlines approve merger The boards of US Airways and American Airlines approved the two carriers’ $11 billion mega-merger today, according to The Wall Street Journal and other reports. The WSJ says official merger plans will be filed as soon as tomorrow with the U.S. Bankruptcy Court handling American and its parent company AMR Corp.’s Chapter 11 case. View article…

HOUSING:
RE/MAX Sees Increase in Transactions, Sales Volume in 2012 RE/MAX agents in the United States reported nearly 840,000 transaction sides last year – a 12 percent increase over 2011, the agency reported Tuesday. RE/MAX saw major growth in business as the housing recovery got into full swing, with agents reporting $165 billion in U.S. sales volume, up 18 percent year-over-year. Worldwide, the entire network saw 1.3 million transaction sides (up 8.4 percent from 2011) and $296 billion in sales volume (up 10.1 percent). View article…