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Daily News for Commercial Real Estate & Business – April 26, 2012

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

Phoenix Retail Sells for $2.1M Lawrence & Geyser Development sold the 7,268-square-foot retail building at 10240 N. 43rd Ave. in Glendale, AZ for $2.1 million, or about $289 per square foot, to JSPR LLLP. The property was 100 percent occupied by three tenants including GameStop, Nextcare, and Little Caesars Pizza. This property is an outparcel in the Target-anchored Glendale Towne Center. View article…

California Investor Buys The Villas Apts for $6.2M Crown Point Realty & Development, Inc. acquired the 137-unit The Villas apartments in Tempe, AZ from LNR Property Corporation for $6.27 million, or about $46,000 per unit, in an REO sale. The 148,020-square-foot building is located at 1718 S. Jentilly Lane and sits on 4.25 acres. It consists of 13 one-bedroom, 83 two-bedroom and 41 three-bedroom units. View article…

Two Arizona chains make top fast-casual restaurant list Two Arizona-based restaurant chains have been selected among the top 50 fast casual restaurants in the country, according to a new report. The Fast Casual 2012 Top 100 Movers and Shakers touts the top brands, people, trends and technologies in the fast casual restaurant industry. View article…

Comerica launches new Arizona economy index, which shows improvement Comerica Bank has launched a new economic index looking at Arizona, and it finds the economy improving, if ever so slightly. The index, which was launched today, tracks data going back 12 years and uses 2008 as a baseline. View article…

CURRENT FOR SALE OPPORTUNITIES:
Bella Vista Retail Center – Investment, multi-tenant retail center. For a brochure, click here…

+/- 43,000 SF Leased Industrial Building in Southern Gardens – Single Tenant Investment opportunity. For more information, click here…

2 Industrial Condos in Bahia Business Park – Owner/User opportunity to purchase 1 or both industrial condos. For more information, click here…

Former TDC Corp HQ – 6515 S Rural Road, Tempe, AZ – Former Corporate HQ for TDC in Tempe, AZ For Sale. For more information, click here…

5051 & 5057 E Thomas Road – Former Dentist Office and Former Real Estate Office For Sale/Lease. 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…

6677 W Thunderbird – BANK OWNED – Grey shell office condo in Glendale. For a brochure, click here…

Kokopelli Springs in St. David, AZ – Investment, 56 unit mobile home park. For a brochure, click here…

2 Acres of Land – Owner/User opportunity to purchase 2 acres of land off of I-10 & 40th Street. For a brochure, click here…

3.64 Acres of Land – BANK OWNED – Infill Development opportunity in Surprise. 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.