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Daily News for Commercial Real Estate & Business – November 14, 2011

Here are the news articles you might find interesting today for commercial real estate and business:

Brass Armadillo Antiques Takes 46,100 SF in Goodyear Brass Armadillo Antiques has signed a ten-year lease for 46,100 square feet at 13277 W. McDowell Rd. in Goodyear, AZ. The space was previously occupied by Sportsman’s Warehouse and Sears Home Appliance Showroom. The 46,100-square-foot building is part of the 352,500-square-foot Palm Valley Cornerstone shopping center, located at the southwest corner of W. McDowell Rd. and N. Dysart Rd. View article…

SXC Health Solutions relocates to Phoenix with new lease SXC Health Solutions, a software company, has signed a 7-year lease for roughly 66,000 square feet of space at the Thistle Landing Office Park, 4805 E. Thistle Landing in Phoenix. The company is relocating from Pima Center in Scottsdale. The terms of the lease include an interesting detail. When the software firm takes occupancy, it will inherit all furniture, fixtures and equipment that will be left behind by Verizon Wireless. View article…

Harkins might be closing Phoenix theater Harkins Theatres may be closing its movie complex in the Arcadia section of Phoenix near 40th Street and Thomas Road. Harkins Arcadia 8 complex is listed as being slated for closure in a legal settlement Harkins has over outfitting its movie theaters with closed captioning and video description equipment. View article…

Denture maker brings 150 jobs to Scottsdale Global Dental Science LLC is opening a manufacturing facility in the Scottsdale Airpark that will create about 150 jobs over the next year. Global Dental will make its new product, AvaDent Digital Dentures, in its 27,000-square-foot facility at 15730 N. 83rd Way, Suite 101. The dentures are made using laser scanners that take precise measurements of each patient and create a custom-fitted digital prosthetic. View article…

Dallas developer to revive stalled Scottsdale condo project A Dallas-based developer wants to revive a stalled condominium project north of Scottsdale Fashion Square to build hundreds of high-end apartments. JLB Partners is requesting city approval of its plan to build 369 apartments at what had been called Portales Place, a project that was to include 126 condos priced from $800,000 to $4.5 million. Scottsdale-based Grace Communities started excavation of the project in December 2005 but did not get very far. The failed development left behind a dust bowl and a vacant 10-acre site at Goldwater Boulevard and Highland Avenue. View article…

Wedding Belles Bridal Boutique opens in Gilbert The American dream isn’t always wrapped in red, white and blue. Sometimes it comes in shades of ivory, cream and oatmeal – the most popular colors of the gowns at Wedding Belles Bridal Boutique, which had its grand opening in Gilbert in September. View article…

Christopher & Banks Corporation Announces Store Closing Plan and Updated Real Estate Strategy Christopher & Banks Corporation (NYSE: CBK), a specialty women’s apparel retailer, today announced that the Company’s Board of Directors, after reviewing the results of an in-depth analysis of the Company’s store portfolio, authorized plans to close approximately 100 stores, almost all of which are underperforming, with a significant majority targeted for completion by the end of January, 2012. As part of the Company’s overall real estate strategy, the Company also will seek to restructure the occupancy costs of a majority of its remaining stores. In addition, the Company intends to accelerate its plans to convert or consolidate a number of its existing Christopher & Banks and CJ Banks stores into dual format stores. 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…

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