The Baby Reesa Benefit Golf Tournament is THIS FRIDAY! For more info, click here…
Here are the news articles you might find interesting today for commercial real estate and business:
At 1.47 million, Phoenix remains 6th-largest city Phoenix is holding steady as the sixth-largest city in the nation with nearly 1.47 million residents, the latest census data show. The U.S. Census Bureau estimates released late last month show that Phoenix added 23,815 people from April 1, 2010, to July 1, 2011, and still trails the nation’s five largest cities: New York, Los Angeles, Chicago, Houston and Philadelphia respectively. View article…
Lennar pays $5M for 200 homesites in Queen Creek, El Mirage Miami-based Lennar Corp. (NYSE: LEN) closed three land deals this week totaling about $5 million to acquire nearly 200 homesites it believes will spur growth of three Valley communities, the home builder said in a prepared statement this week. Two of the three acquisitions are in master-planned communities in the town of Queen Creek: San Tan Heights and Skyline Ranch. The third transaction was for additional homesites in the Discovery at Montecito community, which recently opened in El Mirage. View article…
New Goodwill store near Litchfield Park can create jobs At Goodwill of Central Arizona thrift stores, donations mean jobs. The new, 27,500-square-foot Goodwill store that opens today near Litchfield Park will create 35 jobs for the area. Also, donated clothes and household goods sold at the shop help fund Goodwill career centers, which provide resources and job training for unemployed Arizonans, said Jackie Halleen, Goodwill vice president of retail operations. View article…
Scottsdale council hopefuls back WestWorld expansion Candidates in the race for Scottsdale City Council supported the expansion of an event center at WestWorld but differed on a host of other issues at a forum this week. They share differing views of downtown nightlife and support for former City Manager David Richert, who resigned this month. View article…
Scottsdale’s Old Town merchants look to get word out A slower-than-anticipated summer has prompted downtown Scottsdale’s Old Town Merchants Association to get serious about attracting more visitors and locals to the historic district. With rustic storefronts and wooden sidewalks, Old Town includes many of the city’s oldest buildings and its Old West atmosphere attracts visitors from all over the world. View article…
Badminton facility in Mesa is state’s first After a 25-year-search, Guy Chadwick finally found a place for his sport to call home. Chadwick is the owner of the Arizona Badminton Center, a warehouse turned into the state’s first dedicated center for the game. The center, on Broadway Road just west of Dobson Road in Mesa, opened to new members Feb. 20. View article…
The Bridge in south Chandler crosses over summer doldrums On a recent Monday afternoon, about 40 teenagers shot hoops, bumped volleyballs, rode skateboards, climbed a rock wall and played games at The Bridge. The community center in south Chandler is a magnet for kids looking for some place to go during the dog days of summer. View article…
ASU’s unprecedented approach gave birth to ‘Greek’ row Travel along University Drive, Mill Avenue or Apache Boulevard and you can see the results of years of construction on the Arizona State University campus. Hundreds of millions of dollars have been invested in new buildings since Michael Crow took the helm of the university as its 16th president in July 2002. These new structures have given a fresh look to the 127-year-old institution. View article…
Phoenix-Mesa Gateway Airport begins improvements A host of improvements that are part of a $10 million terminal expansion at Phoenix-Mesa Gateway Airport are under way, making it a little difficult to find things. View article…
Phoenix area housing market sees signs of health The rapid run-up in Valley home prices this year could signal that the long-awaited housing recovery is finally happening. Metro Phoenix’s median home price has shot up more than 30 percent in the past year. The number of houses for sale is at a six-year low, and realistically priced homes are drawing dozens of offers, mostly from investors. View article…
Barclays: Trends Suggest Recovery is Sustainable The housing recovery is strengthening and turning onto a sustainable path, Barclays said in a report Wednesday. According to the firm’s U.S. Housing report, single-family housing starts are expected to trend upward, matching the strength of multi-family starts that has driven the housing recovery over the past year. 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.