Daily News – October 13, 2009

Here are the news stories you might find interesting today:

ASU students working on Fiesta renewal plan

A youthful vision for Mesa’s challenged Fiesta District would call for the renovation of a nearby community college’s stadium, a miles-long park beside U.S. 60, and more condominiums and shops sprinkled throughout the district.

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Mercy Gilbert to open kids/women’s center

A new, multi-specialty pediatric and women’s center on the Mercy Gilbert Medical Center campus will help patients and families deal with medical needs associated with high-risk pregnancies, as well as neonatal and pediatric care, and stay closer to home.

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Report: Despite tight market, companies are hiring

Though slow, the recovery is prompting employers add new jobs as they see light at the end of the tunnel, according to a report released Monday by Challenger, Gray & Christmas.

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NABE: Worst of recession is over

“The great recession is over,” the National Association of Business Economists has declared.

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City Business Journals survey says business optimism growing

A new poll of business executives and owners shows that optimism about the economy is growing, but it is more prevalent among big business officials than owners of small- to medium-sized businesses (SMB).

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Starbucks to debut decaf instant coffee next month

Starbucks Corp. will start selling a decaffeinated version of its Via instant coffee next month. (SBUX)

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Target Celebrates Grand Openings at 26 Stores Simultaneously
On October 11, 2009, Target (NYSE:TGT) celebrated the grand opening of 26 new stores, which the general merchandise retailer estimates will account for 5,000 new jobs. The 26 openings include five SuperTarget stores, as well as 21 general merchandise stores, 18 of which have expanded food sections. A typical SuperTarget is 186,000 square feet, while a typical general merchandise Target is 127,000 square feet and stores with expanded food sections are typically 135,000 square feet. The new SuperTarget stores are located in Highlands Ranch, CO; Tucson North, AZ; Hoover West, AL; Mesquite, TX; and Tulsa South, OK. The new general merchandise stores opened in Anchorage South, AK; DeKalb, IL; and Davis, CA. The stores with expanded food section opened in Blue Springs, MO; Sioux Falls East, SD; Portland NE, OR; Wauwatosa, WI; Brea, CA; Henderson SW, NV; Bakersfield West, CA; Culver City South, CA; Rancho Cordova, CA; Sunnyvale, CA (opens Nov. 15); West Palm Beach, FL; D’Iberville, MS; Kyle, TX; Middletown, KY; Springfield West, PA; St. Matthews, KY; Hanover, MA; and Lowell, MA.

As of Oct. 7, Minneapolis-based Target operated 1,743 stores in 49 states.

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Chandler leaders have plans to spruce up Arizona Avenue

As construction of the six-story Chandler City Hall changes the downtown skyline, city leaders are taking another step toward shaping the area around it: new design guidelines for buildings and streetscapes along Arizona Avenue.

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40th Street extension on track to open later this month

The Gila River Indian Community is constructing a two-mile extension of 40th Street south of Ahwatukee. The road is expected to open later this month, in time for the Oct. 30 opening of the new Wild Horse Pass Hotel and Casino.

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Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.