Here are the news articles you might find interesting today for commercial real estate and business:
Phoenix’s Select Top Industrial Sales for Q4 2011 The following is an account of the Phoenix market’s select top five industrial sale transactions for fourth quarter 2011. Crexus Investment Corp. purchased the three-building Papago West park in Phoenix for $32.25 million. The seller was Alliance Beverage Distributing Co. View article…
Reddy Development buys Coldwater Springs Promenade for $7.75M Reddy Development in Scottsdale purchased the Coldwater Springs Promenade, a partially developed retail project on the southwest corner of Van Buren Street and Avondale Boulevard in Avondale, for $7.75 million. The company plans to complete the project, which includes about 11,500 square feet of vacant space and five undeveloped retail pads. View article…
CENTRAL & THOMAS SHOPPING CENTER SELLS FOR $1.4M The 28,900-square-foot Central & Thomas Shopping Center in Phoenix has sold to GM Central LLC, an affiliate of Lawrence & Geyser Development, for $1.4 million. Lawrence & Geyser plan to remodel the neighborhood shopping center, which was 29 percent occupied at the time of sale. View article…
Down note for Old Town Tavern in Scottsdale Ona Witt fondly remembers all of the musicians that have performed through the decades at her favorite Scottsdale watering hole, Old Town Tavern, off Main Street and Brown Avenue. Jack Song opened a neighborhood bar at the location, 7320 E. Scottsdale Mall, in the early 1980s as J. Chew & Co. The Song family has owned the property since 1929. View article…
Husband and wife team open Valley Pain and Wellness Center Two chiropractors have opened the Valley Pain and Wellness Center in Chandler. Ryan Bowling and his wife, Anne Perez, have teamed to open a pain management and chiropractic clinic to help patients heal naturally, without the use of narcotics. View article…
HOUSING:
Home Prices Start Year With 2.6% Annual Drop Data through the end of January released by Clear Capital Monday shows home prices in the U.S. are down 2.6 percent from a year ago. The company’s rolling quarter assessment, which compares the four months through January 2012 to the previous three months, returned a 1.6 percent decline in home prices at the national level, after three months of stability. View article…
Phoenix homebuyers can tap into $116M for foreclosed homes It wasn’t that long ago when Joseph Janick was having to contend with the quirks of renting. It could be frustrating, knowing the money he spent on rent wasn’t giving him equity. And it could be annoying. On one location where he rented a room, Janick said the landlord told him he “clipped his nails too loudly.” 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…
Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.
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