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Daily News for Commercial Real Estate & Business – July 17, 2012

The Baby Reesa Benefit Golf Tournament is July 27 For more info, click here…

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

Youfit Health Clubs expands in Scottsdale, Gilbert Youfit Health Clubs is opening two fitness centers over the next two weeks, with plans to open another handful in the next few months. The newest additions are at 4827 E. Greenway Road in Scottsdale, which is opening this week, and 706 N. McQueen Road in Gilbert, which is opening in a few weeks. View article…

Goodwill to open store near Litchfield Park Goodwill of Central Arizona is set to open another retail location Friday near Litchfield Park. The store, in an unincorporated area near Camelback and Dysart roads, is the 51st Goodwill location to open in Arizona and the sixth store to open so far this year. In March, Goodwill opened a Peoria location near Lake Pleasant and 83rd Avenue. View article…

Ross Dress for Less store opens in Tempe Groves center A Ross Dress for Less store opened Saturday in the Groves shopping center at 1140 W. Elliot Road east of Priest Drive in Tempe. It is the chain’s 44th store in the Phoenix market. Ross’ neighbors in the Groves include Walmart, OfficeMax, Payless Shoes and Dollar Tree. View article…

Apartments, retail round out Scottsdale Waterfront The final phases of the Scottsdale Waterfront will include 259 apartment units and 10,000 square feet of retail/restaurant space encompassing all of the land between Marshall Way and Goldwater Boulevard. Alliance Residential Holdings recently submitted its site plan for Broadstone Waterfront to the Scottsdale Current Planning Department. The Planning Commission is tentatively scheduled to consider the proposal at its Aug. 8 meeting. View article…

Scottsdale Healthcare opens urgent care center Scottsdale Healthcare has opened an urgent care center at the northeast corner of Tatum Boulevard and Thunderbird Road. Staffed with four employees, the new urgent care center in Scottsdale is about seven miles from the company’s Shea Medical Center and Thompson Peak Hospital. View article…

ASU, YMCA in Phoenix partner on building The Lincoln Family Downtown YMCA in Phoenix is about to become a construction site. Arizona State University is paying an estimated $25 million to build a 64,283-square-foot building addition to the recreation center that was built in 1955 and last renovated in 2006. View article…

Cubs stadium hailed as community victory for Mesa That loud noise you heard over north Mesa last week was the sound of a city popping its buttons with pride. Not that there weren’t a few tears shed for Riverview Golf Course, which will never again host a weekend duffer or hear the cry of “fore!” But the bright city of Mesa and Chicago Cubs logos painted on dead fairway grass betokened a new day, the birth of a spring-training and recreation complex including a stadium, ballfields that the public can use most of the year, and a renovated Riverview Park physically and visually tied to the baseball facilities. View article…

Pawn shops go upscale for affluent clients Maybe it’s the original artwork displayed around the office or the soft lighting, paneled walls, Persian rugs and leather furniture. The receptionist adds to the aura, too. So does the TV screen turned to a financial-news channel. Whatever the reason, Biltmore Loan and Jewelry feels more like a stock brokerage or private-banking office than a pawn shop. View article…

Redevelopment of Mesa neighborhood in question Plans to redevelop an abandoned neighborhood near downtown Mesa have hit a snag that threatens to unravel the project later this summer. The $23 million housing complex in the Escobedo area enjoyed strong support from Mesa until the city learned the developer’s lender may want to maintain a stake in the property for 65 years. View article…

Mesa, Chandler Gilbert pace East Valley’s lead in Valley in retail recovery Retail occupancy rates are on the rise Valley-wide, and vacant storefronts in the East Valley are filling up at an even faster pace. About 549,000 square feet of retail space was absorbed across the East Valley in the first half of 2012, according to real estate brokerage CBRE. That’s about 43 percent of the roughly 1.2 million square feet that was newly leased across the Valley so far this year. View article…

Phoenix office market continues recovery The metro Phoenix office real estate market continued on a gradual upswing in the second quarter, posting its fifth consecutive quarter of positive absorption and a slight decline in vacancies, according to the latest data from Cassidy Turley BRE Commercial. View article…

Pricing Recovery Broadens Across CRE Property Spectrum Commercial real estate pricing continued to recover through May 2012 at a fairly surprising pace across the board given the disappointing level of U.S. job growth and other economic factors, with gains expanding from the best institutional-grade buildings to smaller and more general quality properties. View article…

DMB Associates hires The Sieb Organization to market Eastmark development DMB Associates Inc. has hired The Sieb Organization, a Phoenix-based marketing firm, to provide branding and marketing services for its Eastmark master-planned community in Mesa. View article…

Glendale rejects petitions in referendum of Phoenix Coyotes deal Read more: The city noted the petitions missed the deadline, lacked the required number of support and failed to include a summary of the measure and the text of the ordinance with the application to gather signatures. View article…

Missouri Bank Closes, National Tally at 33 Missouri saw its first bank casualty of 2012 Friday as FDIC announced that Glasgow Savings Bank of Glasgow, Missouri, was closed down by the state’s finance division. View article…

LPS: Home Price Index Increasing at Fastest Rate Since 2005 Lender Processing Services, Inc.s (LPS) Applied Analytics division released its updated home price index (HPI), showing that although prices fell year-over-year, the HPIincrease from this year’s low has been the most significant jump up in years. 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…

Former SunTykes Property in Tempe Arizona – 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…

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.