Here are the news articles you might find interesting today for commercial real estate and business:
Tucson Buyer Snags IA Retirement Communities Following a solid performance of two retirement communities in the greater MSA, Pella, IA developer Ewing Land Development opted to sell, reaping a combined sales price of $40.8 million. Buyer Freshwater Group of Tucson now has control of the continuing care retirement communities, with its subsidiary,Watermark, handling the management duties. View article…
Paul’s Ace Hardware matches city’s growth Paul’s Hardware has grown up with Scottsdale. Since the late Paul Dauwalder opened the town hardware store in 1956, it has had five Scottsdale locations and the family’s third generation is now running the small chain of Paul’s Ace Hardware stores in the Valley. View article…
Fresh Healthy Vending expanding in Phoenix Fresh Healthy Vending is expanding its presence in the Phoenix area with the addition of 15 new vending machines set to debut in the next several months. The San Diego-based company franchises machines filled with healthy, natural snacks and beverages such as smoothies, soy milk, fruit, vegetables, yogurt, granola bars, baked chips and natural sodas. View article…
HOUSING:
Phoenix in midst of mortgage refinance boom The combination of surging home prices, record-low mortgage rates and the recent launch of two government-backed mortgage programs is driving a refinance boom in metro Phoenix, according to a report released this week by Grand Canyon Title in Phoenix. View article…
Foreclosures still make up large percentage of home sales Short sales of homes continue to rise nationally and foreclosure-related sales still account for one out of three Arizona home sales, even though the flood of troubled mortgages has subsided a bit. New second-quarter housing numbers from RealtyTrac Inc. shows lower supplies of foreclosure-related sales nationally. Still, foreclosed homes and troubled mortgages continue to make up a sizable slice of total home sales, according to RealtyTrac. View article…
Top 5 lenders: $500 million spent to help Arizona homeowners The nation’s five biggest lenders say they recently spent more than a half-billion dollars to help struggling Arizona homeowners, according to a report released Wednesday on the status of the $25 billion lender settlement. So far, 7,735 of the state’s mortgage borrowers have received aid from the settlement, which was announced in February. View article…
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CURRENT FOR SALE OPPORTUNITIES:
Former SunTykes Property in Tempe Arizona – (IN ESCROW) Owner/User Opportunity. For more information, click here…
Freestanding Auto in Mesa, Arizona – Owner/User Opportunity. For more information, click here…
+/- 43,000 SF Leased Industrial Building in Southern Gardens – Single Tenant Investment opportunity. For more information, click here…
1 Industrial Condos in Bahia Business Park (UNIT 104-SOLD – 105 Still available) Owner/User opportunity to purchase 1 industrial condos. For more information, 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…
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.