Here are the news articles you might find interesting today for commercial real estate and business:
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Ak-Chin Indian Community breaks ground on $35M family entertainment complex The Ak-Chin Indian Community near Maricopa broke ground Tuesday on a $35 million family entertainment complex directly north of Harrah’s Ak-Chin Casino Resort. The 162,000-square-foot complex will include a 12-screen movie theater, bowling alley, arcade, restaurants and outdoor amphitheater. View article…
Furniture King opens in vacant Borders building in Glendale Contrary to recent trends, a newly vacant storefront near 73rd Avenue and Bell Road was filled after being empty for about a month. The space, which was home to a Borders bookstore, is now a Furniture King retail store. The new shop opened Nov. 1. Furniture King owner Scott Menaged said he started making a deal with the property owner in the first week of October. Borders closed at the end of September. View article…
Veterinarian clinic moves to Gilbert The owners of the former McQueen Veterinarian Clinic in Chandler have a new name and new location. Now called Crossroads Veterinary Hospital, it has moved to 3871 S. Gilbert Road, on the northeastern corner of Gilbert and Germann roads, in Gilbert. It had been at Pecos and McQueen roads, Chandler. View article…
Scottsdale flood-hazard map updated Recently updated flood-insurance maps identify about 700 properties north of Lone Mountain Road that fall in a “special flood hazard” area. The new designation requires property owners with federally backed mortgages to purchase flood insurance, according to the city. The deadline for property owners and tenants to appeal the designation is Jan. 18. View article…
Companies cleaning Superfund site to host open house today Companies charged with cleaning up a local Superfund site are hosting an open house Wednesday to discuss a planned water-treatment system near McDonald Drive and Cattletrack Road. Motorola, Siemens and GlaxoSmithKline had offered to build and pay for the system that will remove groundwater contaminants from a local well and deliver the treated water to Scottsdale water customers. View article…
Baby Boomers no longer flock to Arizona, Florida Baby Boomers who dreamed of retiring in the sun near Arizona deserts or Florida beaches have hit a speed bump: the bad economy. The number of Americans ages 55 to 64 who moved to Sun Belt states since the economy began to tank has declined dramatically, according to a USA Today analysis of census data released Tuesday. View article…
Delayed Action on Legislation Will Shape the CRE Industry in 2012 and Beyond The commercial real estate industry is hoping that decision 2012 will help to loosen the logjam of legislative issues piling up in Washington. There are numerous proposals on the table that will directly influence lending and availability of capital, regulatory control, economic stimulus and, of course, taxes. Although these issues present great fodder for political debate, many industry observers don’t anticipate significant resolution until after the 2012 election. View article…
Will Political Uncertainty Cast a Shadow Over Commercial Real Estate? “The bottom line is that the world is a mess. … I worry about how all of these events play together and the challenges it will have for all of us in the commercial real estate business, the service sector and the global economy. ” – John C. Cushman III, co-chairman of the board, Cushman & Wakefield Inc. speaking at the Urban Land Institute’s Fall Meeting in Los Angeles in October. View article…
SAMPLE OPPORTUNITIES:
Bella Vista Retail Center – 10.5% Cap Rate! 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.
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