Here are the news articles you might find interesting today for commercial real estate and business:
To view the 3Q2011 CPI Retail Report, click here.
To view the November 2011 Chain Store Age magazine, click here.
Dimension Financial Realty Acquires Mesa Fiesta Shopping Center Dimension Financial Realty, a private Phoenix-based investment manager, purchased Mesa Fiesta Shopping Center in Mesa, AZ. The property was purchased out of foreclosure for $2,792,319, or about $14 per square foot. The 194,892-square-foot retail center is located at 1337-1361S Alma School Rd. on a 16.5-acre site and was constructed in 1993. Tenants at the center include T-Mobile and Seattle’s Best Coffee. View article…
General Services Administration leases space in Chandler The General Services Administration of the U.S. government signed a lease for 38,565 square feet at 5710 W. Chandler Boulevard in Chandler. The term of the lease at the Chandler Midway Corporate Center is for 10 years. Financial specifics were not released. View article…
Feds modify solar zones in Arizona, other states The U.S. Department of the Interior has modified plans for solar zones in six Western states, including Arizona, following several months of public reviews. The modifications including dropping several areas from the solar energy zones, including one in north central Arizona, due to a number of factors. View article…
New Peoria veterans center helps Arizona military families cope Reed Webber and his wife reached out for help after his first tour of duty, in the Middle East. The Arizona Army National Guardsman had seen military vehicles return from combat zones in Iraq, some still marked with blood. A buddy in his unit committed suicide. As Webber tried to cope with his experiences, a battle brewed in his marriage. View article…
CopperWynd reopens for season with lean, mean focus CopperWynd Resort and Club, a Fountain Hills hotel with views of Scottsdale and McDowell Mountains, used to be geared toward those willing to pay big bucks for all the “bells and whistles one could imagine.” But times have changed, and after closing in 2009, the resort has reopened “leaner and meaner” and ready to welcome more cost-conscious guests. View article…
1 Bank Closed; 1 CU Conserved One bank was closed and one credit union was placed into conservatorship Oct. 28 by state and federal banking regulators. These failures bring the year’s tally to 104 failed institutions. View article…
FASB Update: Lessors likely to be excluded from proposed lease accounting rules Based on further deliberation and feedback from various groups, including ICSC, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), signaled that they have modified their approach on lease accounting rules for investment property entities. The Boards have decided that a lessor of an investment property would not be required to apply the proposed residual and receivable approach in the IASB’s August 2010 Exposure Draft, Leases, if the lessor measures its investment properties at fair value by electing the fair value model under IAS 40, Investment Property. View article…
SAMPLE OPPORTUNITIES:
Bella Vista Retail Center – Investment, multi-tenant retail center. For a brochure, click here…
5051 & 5057 E Thomas Road – Former Dentist Office and Former Real Estate Office For Sale (CALL FOR OFFERS-DEADLINE 12/1/2011) For a brochure, click here…
Kokopelli Springs in St. David, AZ – Investment, 56 unit mobile home park. For a brochure, click here…
7320 N Dreamy Draw – Freestanding Office Building in Squaw Peak Corridor-great owner/user opportunity. For a brochure, click here…
COMMUNITY:
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Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.