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Daily News for Commercial Real Estate & Business – July 19, 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:

To view this weeks Costar Watchlist, click here…

To view the July/August 2012 Affordable Housing Finance magazine, click here…

QBE First expanding with new Chandler call center Insurance firm QBE First is planning to move its Chandler call center into a bigger building capable of supporting a larger workforce. QBE First is the Atlanta-based division of QBE Insurance Limited, and Australian company. QBE is leasing the new facilities from Los Angeles-based Regent Properties with an 11-year term. The building contains 183,000 square feet, with room for more than 1,000 employees. View article…

Yumz examines Arizona for frozen yogurt shops Yumz Gormet Frozen Yogurt is looking to bring its treats to the Phoenix area from its base in Chicago. Phoenix Business Journal reporter Cale Ottens wrote the company has no definite plans to open locations in the Valley, but could if it finds the right franchisees. View article…

Commercial Real Estate Prices Up 1.4%: Moody’s Commercial real estate prices were up 1.4 percent in May, according to Moody’s/RCA Commercial Property Price Indices (CPPI) national all-property composite. Core commercial properties had an increase of 1.2 percent while apartment prices rose from 1.9 percent during the month. View article…

Arizona’s small metros see deeper job losses than Phoenix, Tucson Arizona’s small metro areas saw deeper job cuts during the Great Recession than its major metros areas. New research from On Numbers shows the number of private-sector employees was down by 2.92 percent from 2009 to 2010 in Phoenix, and by 2.62 percent in Tucson. View article…

Drop in business travel forecast could dent Arizona hotels The Global Business Travel Association has downgraded its business travel forecast for the remainder of 2012, and the slowdown is likely to be felt by Phoenix-area hotels and resorts. View article…

Economy Continues ‘Modest to Moderate Expansion’ Per Beige Book The U.S. economy “continued to expand at a modest to moderate pace in June and early July” the Federal Reserve said Wednesday in its periodic Beige Book. The national summary, based on reports from each of the 12 Federal Reserve districts, noted “modest growth” in the Atlanta, St. Louis, and San Francisco districts while economic activity for the Boston, Chicago, Minneapolis, Kansas City, and Dallas districts was “advancing moderately.” View article…

SCI Liquidators Pick Through TIC Wreckage Liquidators and the federal courts continue to pick through the wreckage of the real estate boom. “I could be working on this for the next three or four years,” says William J. Hoffman, chief executive officer of San Diego-based Trigild Inc. Earlier this month, Hoffman was appointed liquidating trustee over the multibillion-dollar bankruptcy of Secured California Investments Inc. (SCI) and SCI Real Estate Investments LLC, two related Los Angeles-based companies that acquired and sold shares in multifamily and commercial properties throughout the country using a labyrinthine tenants-in-common (TIC) investment structure. View article…

HOUSING:
Home builders growing more confident, and it shows Confidence among U.S. home builders continued swelling this month, so far posting the largest one-month gain in almost a decade and reaching its highest level since March 2007, according to preliminary July figures released Tuesday by the National Association of Home Builders/Wells Fargo Housing Market Index. View article…

Mortgage applications spike as more refinance Mortgage applications rose sharply last week, and it was entirely led by existing homeowners hoping to refinance into a lower rate loan. The Mortgage Bankers Association said overall applications rose 16.9 percent from the previous week, even as the number of potential buyers applying for an application to buy a house fell 0.1 percent. View article…

Check out the Market Reports section of my webpage! The market reports that I review on a regular basis will be archived here. I would like to know your feedback after looking at the page. Send feedback by click here…

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.