Daily News from the desk of Nicholas L Miner, CCIM – April 23, 2009

Daily News from the desk of Nicholas L Miner, CCIM

Here are the news stories you might find interesting today:

Housing data stir optimism for Valley

Bell Road merchants to meet with ASU

Board OKs $69.5M for Loop 303 construction

Furniture business fills big-box space in East Mesa

Balloon-based business venture may land in Valley

Another Day, Another Bankruptcy, as Opus South Files for Ch. 11
Just days after one of the largest commercial real estate bankruptcies ever–that of retail giant General Growth Properties last week–another high profile firm has filed for Chapter 11. Opus South Corp., one of the divisions of Opus Corp., has also been forced to say Uncle in bankruptcy court, citing the slumping Florida condo market as the main culprit.

Mortgage applications on the rise

A growing number of Americans applied for new mortgages last week, according to the Mortgage Bankers Association.

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IMF: Global economy to contract for first time in 60 years

The International Monetary Fund predicts the global economy will contract in 2009 for the first time in 60 years.

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Towne Bancorp posts loss, remains well capitalized

Towne Bancorp, the holding company of Towne Bank of Arizona, reported on Wednesday a first-quarter net loss of $3.3 million, or $2.06 per diluted share.

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Developers get $1.2B from rural county for USA Basketball, Main Street Glendale

A Scottsdale development group is getting $1.2 billion in bond financing from La Paz County to develop the new USA Basketball headquarters as part of a mammoth project in Glendale.

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Standard Renewable Energy expands into Arizona

Standard Renewable Energy is expanding its services for solar and energy-efficient products into Arizona.

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Q.C. Marketplace adds two eateries

Yogurt Jungle will open at Queen Creek Marketplace in early July followed by Chick-fil-A in October.

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