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Commercial Real Estate & Business News – October 23, 2012

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

Scottsdale pizza place keeps it simple with opening Scottsdale’s newest pizza joint is keeping it simple with Chicago and New York style pizza offerings. K.I.S.S. A Back East Pizza and Beef Joint opened today at 7117 E. 3rd Ave. in Old Town Scottsdale. The 900-square-foot pizza place derives its name from the KISS acronym – “keep it simple, stupid” – and its straightforward ingredients. View article…

Queen Creek Olive Mill to open store at Phoenix’s Biltmore Fashion Park Local olive oil producer Queen Creek Olive Mill will open a second retail location next month as part of the Biltmore Fashion Park’s local collective of shops, called Union. The new store, dubbed Oils & Olives, will include an on-site restaurant called Trattoria del Piero, which will serve breakfast, lunch and dinner. View article…

Peoria trying to lure city’s first university The Peoria City Council could spend $1 million to $2.5 million to land the city’s first university. Council will vote Tuesday on the deal with Trine University. The Indiana-based university would move into an an existing building at 83rd Avenue and Thunderbird Road and start classes in spring semester. The private school aims to enroll nearly 200 students at the Peoria campus during the spring semester and could have 3,270 students by its fifth year, a staff report showed. View article…

Three Bank Failures Raise 2012 Tally to 46 The FDIC’s deposit insurance fund got a little bit lighter Friday as three more banks fell. GulfSouth Private Bank of Destin, Florida; Excel Bank of Sedalia, Missouri; and First East Side Savings Bank of Tamarac, Florida, were all liquidated, bringing the national failure tally to 46 so far in 2012 and costing the FDIC’s insurance fund a combined total of approximately $86.1 million. View article…

HOUSING:
Phoenix-area home refinances fall for first time this year The momentum of metro Phoenix’s mortgage refinance boom slowed slightly last month when the number of residential refinances dropped for the first time this year, according to a recent report from Grand Canyon Title Agency in Phoenix. View article…

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