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Daily News for Commercial Real Estate & Business – April 3, 2012

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

WinCo Foods opens 2 discount stores in Glendale, Phoenix Discount megastore WinCo Foods opened its first two Arizona locations last weekend, including one in Glendale that fills the longtime vacant Costco Wholesale building on Bell Road. Winco opened at 9 a.m. Sunday in the nearly 130,000-square-foot building on the northeastern corner of 59th Avenue on Bell Road. WinCo’s other Valley location is farther down Bell Road at Seventh Avenue, in Phoenix. View article…

NE Mesa apartment complex in doubt It’s billed as a groundbreaking, green, sustainable housing development. But a lot of the neighbors don’t want it. Mesa’s Planning and Zoning Board said no. And now the City Council will decide whether it lives or dies. The council Monday will be asked to introduce an ordinance for rezoning to accommodate the Verde Dimora apartments on 5.3 acres northeast of Power and McKellips roads, near the Red Mountain campus of Mesa Community College. View article…

Chaparral Road relief may come with new apartment complex Residents along Chaparral Road west of Scottsdale Road may not like it, but their best chance of seeing improvements to “calm traffic” sooner rather than later could come with the development of a 369-unit apartment complex in the area. That’s according to Paul Porell, the city’s traffic engineering director. View article…

Milwaukee Brewers staying in Maryvale The Milwaukee Brewers have reached a deal with the city of Phoenix to keep the team’s Spring Training in Maryvale. The deal could keep the Brewers in west Phoenix for two or three more years or longer. It calls for $1.5 million in city money to renovate and improve some facilities at the Brewer’s Arizona home. View article…

Remember recession, SE Valley mayors say Cities must resist the temptation to let a brightening economy lure them into repeating the mistakes that led to Arizona’s worst recession in 70 years, Southeast Valley mayors said this week. For one thing, they said, the economy remains fragile. For another, if the region returns to the practices of the past, it could be setting itself up for another crash. View article…

Michigan Bank Closes, Raising Tally to 16 State regulators closed Fidelity Bank of Dearborn, Michigan over the weekend, the first bank in Michigan to fail and the 16th in the nation to go dark. Huntington National Bank of Columbus, Ohio will acquire the $818.2 million in deposits and purchase the $747.6 million in assets of the failed bank. 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…

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.