Daily News for Commercial Real Estate & Business – December 28, 2009

Here are the news stories you might find interesting today regarding commercial real estate and business:

To listen to the following webinar, “Recessionary Rehab, Renovating Through the Downturn,” click here. This is focused on apartment rehabs but some of the ideas are applicable to all of the product types.

Ground Breaks on 54-Acre Bioscience Park

TUCSON-University of Arizona and Lincoln Properties begin moving dirt on a mixed-use project encompassing 2.4 million square feet.

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Phoenix marks first year of light rail

Light rail marks its first anniversary on Sunday.

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Rezoning sought for a Chandler tech park

Ever since Motorola moved out of its 152-acre site on Price Road and put up the property for sale, Chandler officials have dreamed of the site as a science and technology park.

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Development hinges on water deal

Owners of farmland and desert along a future stretch of Loop 303 are close to signing an agreement with Global Water Resources to pave the way for development in the area. The 35 large properties, just west of Luke Air Force Base, need water and sewer service for investors to build there.

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CityNorth adds three new office tenants

CityNorth adds 3 new office tenantsThree new office tenants have been announced for CityNorth.

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Mall at Surprise’s Prasada could be 5 years or more away

A regional mall at Surprise’s master-planned Prasada community could be at least five years away, as retailers and the developer wait for the economic climate to improve.

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Sun Lakes residents fight arrival of JB’s restaurant

Some residents at Iron Oaks at Sun Lakes are upset at the possibility of changes in the food and beverage service at their country club.

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The year’s biggest headlines

Take a look back at’s most popular stories for 2009. The 20 most-read headlines of the year tackle several subjects, from the impact of the recession to an outlook for 2010’s dining trends. Other heavy-hitters included new menu items, value offerings and the ad campaigns that had everyone talking.

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REGISTER ASAP! THERE IS A LIMITED NUMBER OF TICKETS AVAIALBLE FOR THIS EVENT! Just a reminder: I am a panelist for the CCIM/IREM Economic Forecast on January 12, 2010. It is at the Phoenix Country Club and starts at 8AM. I will be on the Retail Panel with Daniel Pollack and Kevin Schuck. Our moderator is David Malin from Vestar. If you are in town, please come support me at the event. The website to register is

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