The Baby Reesa Benefit Golf Tournament For more info, click here…
Here are the news articles you might find interesting today for commercial real estate and business:
Scottsdale Airpark warehouse sells for $2 million Another piece of Phoenix-area real estate has been taken over by Canadian investors, this time with the $2 million sale of an industrial warehouse in the Scottsdale Airpark. Karp Sunbelt Properties LLC, a newly formed Arizona corporation by Shaun Karp and Karp Sunbelt Investments Corp. in British Colombia, bought the roughly 21,000-square-foot industrial building located near Greenway Hayden Loop and 78th Street…View article…
Inspire Athletics in Gilbert caters to SE Valley’s sports needs Mike and Greta Clark wanted a place where their sons could play basketball that wasn’t far from their home. What they created was Inspire Athletics, a 52,000-square-foot multipurpose facility in Gilbert. They say it’s the only facility of its kind in the area. View article…
Scottsdale silent on facility for police Scottsdale taxpayers have a new $1.87 million police building, but the city has refused to disclose where it’s located. The Scottsdale City Council last week approved the purchase of an office-warehouse building for the Scottsdale Police Department’s Investigative Service Bureau from an entity listed only as JKD. View article…
Sun City West recreation center’s pavilion to get new restaurant The Recreation Centers of Sun City West have struck a partnership with the owner of La Petit Caf to open a restaurant in the Sports Pavilion. Memo’s Bistro will open for breakfast, lunch and dinner July 17, replacing the Strike Zone Restaurant, which is closing July 14. View article…
Raising Cane’s to hire 60 at new Tempe restaurant Raising Cane’s, a Louisiana-based chicken finger restaurant, will open its third Phoenix-area franchise August 17, creating about 60 local jobs. Franchise owner Micatrotto Marketing & Management Inc. is seeking applicants for its new Tempe location on the corner of Rural Road and University Drive. View article…
Office Buildings: Absorption Up, Vacancies Down The Phoenix metro area has taken it on the chin since the housing bust. Though the area’s industrial property sector has experienced signs of life, the office sector has been slow to follow. The good news is that Q2 figures indicated a definite upward trend in the office property sector, albeit a modest one. View article…
Phoenix luxury resorts to hit 10-year anniversary Two of the Valley’s most well-known resorts are celebrating a decade in business in northeast Phoenix this fall. The Westin Kierland Resort and Spa and the JW Marriott Desert Ridge Resort and Spa will both mark 10 years in November. View article…
Best Buy cutting 2,400 jobs Best Buy Co. Inc. is cutting 2,400 workers nationwide including 650 employees in its Geek Squad information technology help division. The cuts will impact Best Buy’s 1,050 stores including its locations in Arizona. View article…
China says economy might slow further China’s economy faces “huge pressure” to slow further despite stimulus measures, Premier Wen Jiabao said Sunday, damping hopes for a quick recovery from the deepest slump since the 2008 global financial crisis. Companies and investors are closely watching the world’s second-largest economy for signs of a further slowdown, which could have global repercussions by hurting Chinese demand for goods from the United States, Europe and other struggling economies. View article…
Wells Fargo economists point to housing market recovery Each week there are more indications that the U.S. housing market is squarely in recovery mode. The latest positive news comes from Wells Fargo Securities senior economists Mark Vitner and Anika Khan. View article…
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CURRENT FOR SALE OPPORTUNITIES:
Bella Vista Retail Center (IN ESCROW-ACCEPTING BACK UP OFFERS) Investment, multi-tenant retail center. For a brochure, click here…
NEW: Former SunTykes Property in Tempe Arizona – Owner/User Opportunity. For more information, click here…
NEW: 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…
2 Industrial Condos in Bahia Business Park (UNIT 104-IN ESCROW – 105 Still available) 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 (IN ESCROW-ACCEPTING BACK UP OFFERS) – Former Corporate HQ for TDC in Tempe, AZ For Sale. 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…
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.