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Daily News for Commercial Real Estate & Business – August 30, 2011

Here are the news articles you might find interesting today for commercial real estate and business:

We Can-Do buys Phoenix industrial building for $1 million We Can-Do LLC, a local printing company, purchased an industrial building in Phoenix for $1 million. The 35,000-square-foot property is located at 2915-2927 N. 35th Ave. in Phoenix. The seller was Decorator Industries Inc. in Phoenix. View article…

Peoria Irish pub to reopen with new owner, new name Lis Doon Varna, an Irish pub near Arrowhead, will reopen next month with a new owner and a new name, Johnny Fox’s Public House. The cottage-style pub closed earlier this year, less than three years after it opened off 83rd Avenue in Peoria. View article…

Real estate briefs: Foreclosure ploys, golf properties Arizona Attorney General Tom Horne has issued a warning to consumers to be wary of notices or advertisements that claim to offer homeowners facing foreclosure “complete forgiveness of the loan” or other monetary relief if they join a class-action lawsuit. Such ploys are likely a pretext to collect illegal up-front fees for foreclosure assistance. View article…

Phoenix moves up in US population rankings Phoenix has moved up one spot in the past year to become the 13th largest metro area in the United States. New population estimates show that the Phoenix-Mesa-Glendale metro area will have 4,310,999 residents as of Sept. 1. That’s up from 4,192,887 on April 1, 2010, according to the U.S. Census Bureau. View article…

Intuit: Small business hiring flat in Arizona Small business employment saw no growth in Arizona but was up nationwide for the month of August, according to Intuit Payroll’s August Small Business Employment Index. The monthly report showed an 82.5 percent small business employment rate in Arizona. View article…

Scottsdale hotels see occupancy, revenue gains Despite than annual summer slowdown in visitors, Scottsdale hotels are posting better occupancy numbers than a year earlier. New data from Smith Travel Research shows that occupancy at Scottsdale hotels in July was 45.6 percent, a 6.5 percent increase over July 2010. View article…

BLM Arizona office issues draft plan for potential solar lands The Bureau of Land Management has opened up a draft plan for 1.4 million acres of land in the southwest section of Arizona that could be a base for solar power plants, among other uses. The BLM Lower Sonoran Field Office is looking for public input on the plan that covers parts of Maricopa, Pinal, Gila and Yuma counties. The draft resource plan will have a 90-day public review period that will end Nov. 25. View article…

The Incredible Shrinking Office Space – Fact or Fantasy? With streamlining, downsizing, outsourcing, improved technology, cloud computing, and more working from home, future demand for office space is a question on the minds of many people in the commercial real estate sector. In light of these trends, an improved economy will not necessarily result in more demand for office space. Read what challenges experts say lie ahead for office landlords. View article…

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