• Skip to primary navigation
  • Skip to main content
       480-612-0384        nick@nickminer.com                     

Nick Miner, CCIM

  • Home
  • News/Blog
  • Properties
    • Listings
    • Recent Transactions
  • Market Reports
  • About
  • Contact
  • Consulting

Daily News for Commercial Real Estate & Business – March 3, 2010

March 3, 2010 by Nick Miner, CCIM   No comments   Filed Under: Daily News

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

Westcor is ‘transitioning out’ of beleaguered Metrocenter

Westcor plans to pull out of the landmark Metrocenter mall and leave its former partners with the task of inventing a viable future for the troubled property. The longtime Phoenix mall developer confirmed it is “transitioning out” of the management of the 1.4 million-square-foot center and will give up a 15 percent ownership stake in the property. View article…

Tucson Retail: Not as Bad as Phoenix

Though separated by a two-hour drive, Tucson’s retail market has held up better during the last two-year downturn than its Phoenix counterpart. Though experts aren’t suggesting Tucson retail is anywhere near full recovery, they are telling GlobeSt.com that the city and surrounding environs are nowhere as bad as its neighbor to the north. View article…

Blockbuster Shuttering Up to 545 Stores During 2010

Keeping with the ongoing contraction of the traditional movie rental retail business, Blockbuster Inc. (NYSE: BBI, BBI.B) said it would close 500 to 545 of its company-owned U.S. retail stores during 2010. To date, the retailer has already closed 253 of these stores and said 150 more will close by the end of April, with the remainder shuttering throughout the rest of the year. View article…

Phoenix City Council approves budget plan

After seven hours of public testimony and discussion, the Phoenix City Council approved a budget plan that calls for $64 million in cuts to city services and the elimination of about 520 jobs. Council members Sal DiCiccio and Peggy Neely were the only dissenters. View article…

Freddie Mac: Home prices fell 0.4% in 2009

Freddie Mac officials said home prices fell 0.4 percent in 2009, much less than the 9.5 percent decline recorded in 2008. In the final quarter of 2009, the Home Price Index, based on Freddie Mac-backed mortgages for purchases only, was down 1.4 percent from the third quarter. View article…

Business Optimism Index drops

The latest Business Optimism Index from accounting firm Grant Thornton LLP shows business leaders continue to feel uneasy about overall economic improvement. Only 43 percent of respondents expect the economy to improve in the next six months, down from 53 percent in November. At the same time, 49 percent now believe the economy will not come out of the recession until 2011 or later. Only 22 percent said so three months ago. View article…

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

Reader Interactions

Leave a Reply

Your email address will not be published. Required fields are marked *

Nick Miner, CCIM

ORION Investment Real Estate
7150 E. Camelback Road
Suite 425
Scottsdale, AZ 85251

480-226-8037
nick@nickminer.com

FOLLOW NICK ON TWITTER

  • Commercial Real Estate & Business News – May 20, 2022 #Phoenix #AZ #CRE #news https://t.co/Q1kGze7bqe via @nickminer about 13 hours ago
  • Anyone else get one of these emails : The current economic conditions impacting businesses worldwide continue to mo… https://t.co/kN8Ne2UoFC about 15 hours ago
@nickminer

Site Library

SITE CATEGORIES

Sign up for email updates

  • This field is for validation purposes and should be left unchanged.

×