Daily News for Commercial Real Estate & Business – December 31, 2009

Well, we made it; the last day of 2009. There will be no Daily News tomorrow but I will pick it back up for you on Monday.

I hope you and your families have a Safe/Happy New Year’s Holiday!

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

Email me if you would like a copy of the report produced by Belfiore Real Estate Consulting. It is their look at the current and future market insights into the West Valley. It is a good barometer of what is happening in the Phoenix Housing Market.

10 things that shaped E.V. in past decade

From the housing bubble to illegal immigration to light rail, it’s been a wild and eventful past 10 years in the East Valley.

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East Coast favorite Tasti D-Lite opens Scottsdale franchise

Tasti D-Lite, the frozen dessert chain with a cult following on the East Coast, has expanded into Scottsdale with 40 stores planned in Arizona over the next decade

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Restaurant 28 a Glendale go-to for barbecue

Restaurant 28 has a tiny storefront location but is Glendale’s best go-to for barbecue, fried catfish, fried chicken and every other Southern/soul-food dish imaginable, including chitlins. Owners George and Sandra Miller do it all – with Southern-style hospitality.

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Valley’s only Afghan restaurant, Kabab Palace, has closed

Local ethnic-cuisine restaurant options have just gotten a little narrower. Say goodbye to Kabab Palace, the Valley’s only Afghan restaurant.

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Phoenix job outlook brightens for managers

Employment for managerial positions has improved dramatically in Phoenix since September, according to the Employment Index. California-based CareerCast and Texas-based JobSerf jointly analyze the number of managerial job openings posted online each month in 30 major metropolitan areas.

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Real Estate Could Be a Red Flag for Smaller Banks

During the financial crisis, it appeared that America’s small banks could do no wrong. President Obama said the world would have been better off if the entire financial system had been more like them.

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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.

Happy New Year!