Daily News – August 19, 2009

Here are the news stories you might find interesting today:

Email me if you would like a copy of the July 2009 Investment Trends Quarterly Report. It is a quick snapshot of what is going on in the market.

Home building resumes as builders take over

Ruby’s Boutique finds new home at Kierland Commons

Rental properties compete with buyers for homes

Walmart scraps plans at McQueen-Warner

Property-tax showdown looms

Fed and Treasury Extend TALF Program

Yesterday, the Federal Reserve Board and Treasury Department announced the extension of the Term Asset-Backed Securities Loan Facility (TALF), a program aimed at revitalizing the flow of credit to the commercial real estate industry. TALF was launched in March to jumpstart the frozen securitization markets such as the CMBS market. Read more

S&P Throws Another Curve at the CMBS Industry

Every time Standard & Poor’s clarifies its approach to commercial mortgage-backed securities, the marketplace grows a little more confused.


GILBERT, ARIZ. – Jackson Property Group has purchased an industrial building, which is located at 115 N. Sunway Dr. in Gilbert. The 20,193-square-foot property sold for $1.7 million.

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Four jobless workers for every opening in Phoenix

There are four unemployed workers for every opening in the Phoenix metro area, which ranks 23rd among the largest 50 U.S. regions for job opportunities, according to, a job market search engine.

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Insight Enterprises gets LEED Gold for interior

Insight Enterprises Inc. received a gold certification from the U.S. Green Building Council’s Leadership in Energy and Environmental Design program.

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P.F. Chang’s Marathon up for SportsTravel award

An annual event that winds through the Phoenix-area streets has been nominated for a national sports award.

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Queen Creek business fees set to increase

Queen Creek’s business license fees will increase Sept. 1 to help the town raise revenue during the economic downturn.

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Big hotel and casino project rising fast

The $200 million Wild Horse Pass Hotel & Casino development is rising rapidly from the desert, just a hop west across the I-10 freeway from Chandler.

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