Daily News – August 18, 2009

Here are the news stories you might find interesting today:

FBR Open raises $4.3 million for charity

Motor Mile task force aims for realistic plan

Citi: Commercial real estate loans are coming back
Analysts at Citigroup said lending on commercial real estate finally is recovering. On the U.S. West Coast, lenders are starting to compete for the chance to make real estate loans secured by commercial properties, they said. In a research note, the bank said there have been recent signs of “aggressive” competition among insurance companies and foreign banks to write loans on office properties.


TEMPE, ARIZ. – Phoenix-based Lakeshore Group has acquired Lakeshore Plaza, an office property located at 4801 S. Lakeshore Dr. in Tempe. Pardi Properties sold the property for $2.05 million.

View article…

Fed survey: bank lending tight through mid-’10

WASHINGTON — The Federal Reserve said Monday most banks expect their lending to remain tight through the second half of next year, with the exception of mortgage standards, which already are loosening a bit.

View article…

Toy store bucking trends in down economy

Casa Grande store relocates to Chandler, betting that a bigger customer base will shore up languishing sales during the down economy.

View article…

Pandora readies opening at SanTan Village

Pandora, a 25-year-old Danish jewelry company, is preparing to open its newest store at SanTan Village mall at Williams Field Road and Loop 202 in Gilbert.

View article…

Denver Buyer Pays $20M for Broken Condos

TEMPE, AZ-Marcel Arsenault and Peter Wells re-enter the area market with the buy of 64 units from the 104-unit Bridgeview at Hayden Ferry.

View article…

72 markets surpass $25B income level

Seventy-two U.S. markets currently have more than $25 billion in total personal income (TPI), and Phoenix ranked 15th on the list.

View article…

P.F. Chang’s-Unilever ink deal for frozen line

P.F. Chang’s China Bistro Inc. and Unilever signed a licensing agreement to develop a line of frozen Asian entrees for the U.S. under the P.F. Chang’s brand. Terms of the agreement were not disclosed. (UL)

View article…

Chez Nous closes doors

An icon in Phoenix’s music scene, Chez Nous, has quietly shut its doors.

View article…

DC Ranch restaurants close

Two independent eateries in North Scottsdale closed their doors over the past week.

View article…

Keller Electrical Industries constructing Phoenix manufacturing, repair facility

Keller Electrical Industries Inc. is building a $16 million, 105,000-square-foot manufacturing facility in central Phoenix that will help the company expand and add jobs.

View article…

Housing starts slide in West, but single-family construction up

Construction of new housing in the Western states, including Arizona, fell 1.6 percent in July from the previous month, the second straight monthly decline, and was off 31.9 percent from a year earlier, the U.S. Department of Commerce reported Tuesday.

View article…

Verizon Leases 40,000 SF in Tempe

Verizon Wireless has signed a 96-month lease for the industrial building at 3207 S. Wilson St. in Tempe, AZ. Verizon is relocating from a nearby site and chose this location for its larger warehouse, fenced yard space, and improved trucking access. Located…

View article…

Aggreko, the global leader in the rental of power generation and temperature control equipment, has signed a 61-month lease for the industrial building at 5030 W. Watkins St. in Phoenix, AZ. Aggreko is relocating from 2832 S. 46th St. in Phoenix, AZ. The 17,800-square-foot warehouse, Building 1 of the Watkins Business Park, completed construction in 2008.

View article…



07/09/09 – TENANT IMPROVEMENT at 120 E. 5th St. for Tempe Police and IT Departments

Declared Valuation: $4,230,400 Plan Check No.: PC09-0535

07/13/09 – TENANT IMPROVEMENT at 1305 W. 23rd St. for Wells Fargo

Declared Valuation: $250,000 Plan Check No.: PC09-0541

07/22/09 – TENANT IMPROVEMENT at 680 S. Mill Ave. for five Guys @ Centerpoint

Declared Valuation: $550,000 Plan Check No.: PC09-0585

07/23/09 – ADDITION/ALTERATION at 126 W. Gemini Dr. for Verizon Tempe MSC Battery Room Declared Valuation: $2,000,000 Plan Check No.: PC09-0586


07/01/09 – NEW BUILDING at 210 S. Smith Rd. for Fisher Tools Declared Valuation: $495,100 Plan Check No.: PC09-0137

07/13/09 – TENANT IMPROVEMENT at 1050 W. Washington St., Ste 214, for Sunstate BuildersDeclared Valuation: $299,000 Plan Check No.: PC09-0497

07/15/09 – ADDITION/ALTERATION at 2155 E. Conference Dr. for Reproductive Medical Institute Declared Valuation: $400,000 Plan Check No.: PC09-0096

07/16/09 – ADDITION/ALTERATION at 1949 E. University Dr. for The Element @ ASU Declared Valuation: $300,000 Plan Check No.: PC09-0351

07/21/09 – ADDITION/ALTERATION at 3500 S. Rural Rd. for Tempe Public Library Declared Valuation: $1,750,000 Plan Check No.: PC09-0210

07/23/09 – ADDITION/ALTERATION at 1610 S. Priest Dr. for Ellison Machinery Declared Valuation: $442,900 Plan Check No.: PC09-0446

07/25/09 – NEW BUILDING at 1845 E. University Dr. for Wash Wizard Auto Spa Declared Valuation: $650,000 Plan Check No.: PC09-0204

07/29/09 – ADDITION/ALTERATION at 2200, 2206 & 2210 S. Priest Dr. for Colton Constructors Declared Valuation: $620,000 Plan Check No.: PC08-1077

07/30/09 – ADDITION/ALTERATION at 3159 S. McClintock Dr. for Ross @ Bashas Valley Plaza Declared Valuation: $200,000 Plan Check No.: PC08-0310

07/30/09 – ADDITION/ALTERATION at 1001 E. Knox Rd. for Kyrene Elementary School District Declared Valuation: $200,000 Plan Check No.: PC09-0374


07/09/09 – ADDITION/ALTERATION at 1215 S. 52nd St. for Northrop Grumman Declared Valuation: $1,150,000 Plan Check No.: PC07-1515

07/28/09 – ADDITION/ALTERATION at 3225 S. Hardy Dr. for Pinnacle Education Declared Valuation: $310,000 Plan Check No.: PC09-0316

07/29/09 – ADDITION/ALTERATION at 2720 S. Hardy Dr. for Infincom Declared Valuation: $300,000 Plan Check No.: PC09-0281

07/30/09 – ADDITION/ALTERATION at 50 E. Knox Rd. for Kyrene Elementary School District Declared Valuation: $869,700 Plan Check No.: PC08-0839

07/30/09 – ADDITION/ALTERATION at 2005 E. Technology Cir for Wipro Infocrossing Data Center Declared Valuation: $1,400,000 Plan Check No.: PC09-0068

07/30/09 – ADDITION/ALTERATION at 1310 W. Drivers Way for Supplemental Nutrition Tech Declared Valuation: $200,000 Plan Check No.: PC09-0167

For a FREE market evaluation of your property, contact me immediately!