Daily News – August 31, 2009

Here are the news stories you might find interesting today:

Restaurant at site of the former Chandler Hotel

Lincoln Village to get $6 million facelift

Banks on FDIC’s problem list top 400

The FDIC added 111 banks to its “Problem List” in the second quarter.

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Foreclosure home sales rate drops as resales show slight decline

New Arizona State University research shows that while existing home sales are leveling off in the Valley, the rate of foreclosure sales is dropping.

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Vision to be unveiled for Superstition Vistas

The planning process for a 175,000-acre swath of land in northeast Pinal County has taken more than five years to come into focus, but the visionaries behind Superstition Vistas are ready for final input.

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Skipper Bud’s to open Arizona marina

Skipper Marine Development, or Skipper Bud’s, has opened a marina and yacht club in Peoria, Ariz., the Wisconsin-based boat dealer and marina operator said Friday.

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Seller Finances 35,000-SF Sale Again

SCOTTSDALE, AZ-Less than a year after foreclosing on a warehouse-office building Jeff Wright provides funding for the $5.4 million sale to local buyer Terence Schmidt.

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Each day I sort through various industry publications and local news sources and narrow down the top local articles that matter to commercial real estate owners and business owners.

Please feel free to contact me regarding these stories, the current market, distressed opportunities or your property.

Lastly, please let me know if there is somebody that could benefit from receiving my daily news.