Daily News for Commercial Real Estate & Business – December 8, 2009

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

Q.C. foreclosure rate mostly unchanged

Queen Creek’s foreclosure rate held steady between August and November, according to the most recent foreclosure analysis completed by town staff.

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Colangelo group set to buy Wigwam resort

Valley businessman and sports executive Jerry Colangelo and his partners will purchase the Wigwam Golf Resort and Spa and two Biltmore golf courses for about $45 million.

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Conference Board job index rises

The Conference Board’s national Employment Trends Index rose for the fourth consecutive month in November, a good sign for the still severely recessed labor market.

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Forbes: Phoenix lacks bang for the buck

When it comes to affordable cities with stable employment and good housing markets, a new report ranks Phoenix below average.

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Signs of Life Emerge in Commercial Real Estate Lending Market

Several positive developments appear to be emerging in the real estate capital markets, providing a glimpse of optimism as investor sentiment begins to rebound.

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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.