Daily News from the desk of Nicholas L Miner, CCIM – April 22, 2009

Daily News from the desk of Nicholas L Miner, CCIM

Here are the news stories you might find interesting today:

City ranked in top 10 micro city for business

Fresh and Easy holds off on Ahwatukee store

Saving properties in distress

How finance departments are changing: McKinsey Global Survey Results

Given the current economic situation, it’s not surprising that financial executives say they’re more focused than ever on planning and cost cutting. What is surprising, though, is a reluctance to adjust the finance function’s structure.
Read more on the McKinsey Quarterly >

Audit finds community colleges broke the law

A state audit accuses the Maricopa Community College District of breaking the law by misrepresenting at least 22 employees of non-profit corporations as district employees and allowing them to take part in state retirement benefits.

P.F. Chang’s plans 34 sites in Middle East

P.F. Chang’s China Bistro Inc. plans to open 34 restaurants throughout the Middle East over the next 10 years.

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Easter week retail sales flat

Retail sales remained flat for Easter week, according to data from the International Council of Shopping Centers.

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CityNorth adds two new office tenants

Two local companies recently sign leases at the new CityNorth development in north Phoenix near Loop 101 and 56th Street.

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Wigwam faces foreclosure sale as Starwood deal ends

The venerable Wigwam Golf Resort & Spa in Litchfield Park is scheduled to be sold at public auction July 9 after owners defaulted on a $65 million loan.

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Wigwam Resort, Biltmore golf courses face foreclosure

DVD rental kiosks proving profitable

People aren’t renting movies like they used to. The weekly trip to the local video store has been replaced with renting movies online and stopping at DVD-dispensing vending machines.

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