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Daily News for Commercial Real Estate & Business – February 21, 2012

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

Tilted Kilt will open Monday near Paradise Valley Mall Northeast Phoenix residents near Paradise Valley Mall will have a new place to watch their favorite teams compete. A new Tilted Kilt is opening Monday at 4731 E. Cactus Road. Kerry Phelps, one of three owners, said he hired nearly 100 people for the new restaurant, near an Outback Steakhouse and other eateries. View article…

Arizona high court to hear Mesa tattoo parlor case The Arizona Supreme Court will take up a Mesa tattoo parlor case. The court will hear oral arguments March 27 in the case in which a lower court ruled that cities can no longer use long-established regulations to block where certain types of businesses can locate. View article…

Phoenix, CityNorth in stalemate over contract No progress has been made in Phoenix’s attempts to repeal its contract with CityNorth despite efforts that began last August. In October, when the City Council finally got around to making a formal request of city staff to look into the 11-year, $97.4 million deal, letters were exchanged between the city’s Law Department and an attorney representing Northeast Phoenix Partners, the Klutznick Co.-affiliated entity that controls the property. View article…

Arizona’s December retail sales surged Arizona retail sales reached $5.16 billion in December — the first time in four years that they hit or surpassed the $5 billion mark in that month. The latest numbers from the Arizona Department of Revenue indicate that December retail sales have finally returned to their pre-recession levels and also to numbers that were more typical before the boom of the mid-2000s. View article…

Financial firms are hiring Financial companies are hiring again, and it’s no wonder because fewer banks are closing, the stock market is rising, credit-card use has turned upward and insurers are seeing steady demand. Longer term, the sector has bright prospects, too. American companies are global financial leaders, and many products and services will remain in demand, especially as Baby Boomers get serious about retiring. View article…

SAMPLE OPPORTUNITIES:
Bella Vista Retail Center – (BACK ON MARKET)
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. 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…

2 Acres of Land(NEW LISTING) Owner/User opportunity to purchase 2 acres of land off of I-10 & 40th Street. 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.