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Daily News for Commercial Real Estate & Business – September 8, 2011

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

To view this weeks Costar Watch List, click here.

To view the September 2011 Commercial Scotsman Guide, click here.

AJL Properties Acquires Scottsdale Investment for $1.4M AJL Properties LLC acquired the 4,100-square-foot retail building at 4252 N. Drinkwater Blvd. in Scottsdale, AZ for $1,375,000, or approximately $335 per square foot. The building was constructed in 2003, and lies on approximately half an acre in the Central Scottsdale retail submarket. View article…

William Blair, Hilco Slicing Up Giordano’s Sites Fourteen company-owned properties of Giordano’s, the storied Chicago pizza restaurant chain, are now available for sale, either as a portfolio or individually. The properties include the chain’s flagship restaurant and building at 740 N. Rush St. on Chicago’s Gold Coast. View article…

Opinion: Innovations make tech incubator live up to its name Just as exciting as the Grass Roots Intelligence Program and the difference it could make in law enforcement is the fact that Cummings Engineering is developing the cutting-edge technology out of Chandler’s Innovations Technology Incubator. The 4-year-old company was the first tenant at Innovations, which opened in May 2010. The city invested $5.7 million to outfit 38,000 square feet of a former Intel facility at Stellar Airpark with affordable dry and wet labs for local science and technology entrepreneurs. View article…

Glendale Park ‘n’ Swap grand opening Saturday Glendale Park ‘n Swap will celebrate its grand opening from 8 a.m. to 4 p.m. Saturday at 6112 N. 56th Ave. Shoppers can explore the 27.5 acres with more than 800 booths to discover discount deals or American and Mexican fare. Other festivities include carnival rides, clowns, four bounce houses and live entertainment. View article…

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