Daily News from the desk of Nicholas L Miner, CCIM
Here are the news stories you might find interesting today:
Falcon Field Park’s future in question
Work restricting traffic along stretch of Bell
Jobless rates rise in all US metro areas
Housing market may be changing course
| There may be light at the end of the tunnel when it comes to existing home prices despite another record decline in the latest Arizona State University-Repeat Sales Index. |
Long lines for Pro’s Ranch Market in Mesa
| Speeches and Mariachi music flavored the opening of the Pro’s Ranch Market Wednesday in Mesa, with long lines forming outside the Hispanic grocery and cars overflowing onto neighborhood side streets. |
NALS Steps Up Activity With 308-Unit Buy
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GLENDALE, AZ-The Scottsdale investor pays $23.3 million for Sage Stone at Arrowhead, and wants more class A product. |
Phoenix, Detroit post worst job losses among large markets
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Phoenix has lost more jobs over the past year than Detroit, according to new federal job statistics. |
SkySong celebrates first year of business
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SkySong, the mixed-use development designed by Arizona State University, is celebrating its one-year anniversary Wednesday amid more businesses that have opted into the center. |
Two Valley projects among top-selling master-planned communities
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Two communities developed in the Phoenix metro area were among the best selling master-planned communities in the country in 2008. National real estate consulting and research firm RCLCO released their findings Wednesday of the top 10 selling communities. |
ADOT gets first stimulus money
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The Arizona Department of Transportation is one of the first state agencies to begin awarding contracts as a result of the American Recovery and Reinvestment Act of 2009. |
Mich., Ariz. Banker Looks To Divest
Capitol Bancorp Ltd. in Lansing, MI, and Phoenix, AZ, has hired Keefe, Bruyette & Woods as a financial advisor to evaluate divestiture opportunities.
Capitol Bancorp is a $5.8 billion national community banking company, with a network of 17 separately chartered banks in as many states. It is the holder of the most individual bank charters in the country.
The parent company listed control of some $228 million in nonperforming real estate assets at year-end, of which 21% ($48 million) was commercial real estate.
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