Here are the news articles you might find interesting today for commercial real estate and business:
One of my clients, Tough Lotus Aerial Fitness, just opened their location and was covered on Fox News. No laughing, but I was conned into participating in the grand opening and was interviewed. See the video here…
Mesa nears selling 11,000 Pinal County acres in $135 million deal Mesa is on the verge of selling 11,000-plus acres of Pinal County farmland in a deal that could net the city $135 million over the next six years. The prospective buyer is Farm Sources International, a global agricultural company whose North American headquarters are in Scottsdale. The sale is far from done because FSI has two due-diligence periods totaling 270 days to determine whether to cut Mesa a check. View article…
SanTan Marketplace Sold for $54.8M Cole Real Estate Investments purchased the SanTan Marketplace for $54.78 million, or about $192 per square foot, from The Macerich Company in an all-cash sale. The majority of the buildings in the shopping center, Phase 2 of SanTan Village, were built 2005. The sale includes four buildings that were about 91 percent occupied at the time of sale. View article…
Rabadi & Sons Pays $2.6M for Stone View Apts Rabadi & Sons purchased the Stone View apartments in Glendale, AZ from Blue Valley Apartments for $2.6 million, or about $21,500 per unit. The 99,525-square-foot multifamily complex at 7841 N 59th Ln. was constructed in 1974 and has 121 apartment units. The property was 90 percent occupied at time of sale. View article…
Twin Peaks may add 4 more eateries A solo Twin Peaks restaurant in Scottsdale could be joined by three others in the Valley and one in Tucson under a recently announced development deal. Dallas-based Twin Peaks Restaurants picked the AZ Peaks Restaurant Group, including industry veteran Lee Cohn, as a franchise partner to add four Arizona locations. It’s part of a rapid expansion plan with three other franchise groups to add 19 restaurants to the 20 existing locations in eight states over the next few years. View article…
Six Arizona businesses land on Fortune 500 list Arizona lost one business from its ranks of the Fortune 500 list this year, but most of the companies on the list either held their ground or gained in the rankings. The annual list, which ranks companies based on revenue, featured the largest of Arizona’s public companies. View article…
More than 200 Banks Pose High Risk of Failure: Trepp While the pace of bank closings has slowed this year compared to the year before, in its bank failure report, Trepp noted that there are still more than 200 banks at high risk of failure as of the first quarter of 2012. View article…
CURRENT FOR SALE OPPORTUNITIES:
Bella Vista Retail Center – Investment, multi-tenant retail center. For a brochure, 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 – 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 – Former Corporate HQ for TDC in Tempe, AZ For Sale. For more information, click here…
5051 & 5057 E Thomas Road – (PRICE REDUCED-$295,000 for both buildings!) Former Dentist Office and Former Real Estate Office For Sale/Lease. 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…
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.