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Daily News for Commercial Real Estate & Business – January 4, 2011

2011 – Traffic Signal or Traffic Sign? End of December and the beginning of January are always good times to look back. It is also a great time to look forward…and maybe left and right! View article…

Scottsdale board to vote on Hotel Valley Ho expansion Scottsdale’s Development Review Board on Thursday is scheduled to vote on changes that would allow the Hotel Valley Ho to expand on 4 acres southwest of Main and 69th streets. View article…

Cafe Rustica Italian restaurant heads for Park West in Peoria An Italian restaurant will open in Park West this month after the former tenant vacated the space over the summer. Cafe Rustica replaces Auld Dubliner at the entry to the Peoria shopping and dining complex. View article…

Phoenix-area firms still find it hard to get loans A new year always brings reason for hope, but will 2011 finally mark an end to the drought in lending to small businesses? So far the fog shrouding credit has been slow to lift. Many small companies report a tough time gaining financing, while bankers counter that loan demand is down and many applicants are not well-qualified. View article…

Franchises can mean opportunity for the unemployed After 20 years working in corporate finance, Brian Achenbach was laid off in February for the third time in his career. Instead of looking for another job, he decided to open his own business. View article…

Arizona No. 5 for relocations in 2010 Arizona was the No. 5 state in net relocation gains made in 2010, according to the Allied Van Lines‘ 43rd Annual Magnet States Report released Monday. Arizona netted 370 moves between January and November, which is calculated by taking the number of inbound moves and subtracting outbound moves performed by Allied Van Lines. There were a total of 4,128 shipments made in Arizona. View article…

2011 Trends Report Points to Era of Less Finally, after three difficult years of dislocations and losses during which property values were reported to have declined by as much as 40 percent, some relief is coming. So say participants in surveys for Emerging Trends in Real Estate 2011, an annual report covering the United States, Canada, and Latin America, sponsored by the Urban Land Institute and PricewaterhouseCoopers. View article…

If you want a copy of the latest foreclosure spreadsheet, email me and I will send it to you.

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