Daily News from the desk of Nicholas L Miner, CCIM – July 7, 2009

Here are the news stories you might find interesting today:

Ever wonder about the Bank Card and Mortgage Delinquencies in the United States? Click here for a dynamic map showing the information. You can zoom in and see your county!

Another farmers market planned in Goodyear

Mill Avenue’s new direction

Economist: U.S. may start new recession by late 2010

The end of the recession is “literally just around the corner,” the U.S. Chamber of Commerce’s chief economist said, but there is a 15 percent to 20 percent chance of another economic downturn by late 2010.

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U.S. may see entrepreneurship boom’

Aging baby boomers aren’t headed out to pasture – they’re starting new businesses, according to a Kauffman Foundation study that predicts the United States may be “on the cusp of an entrepreneurship boom.”

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Hiring begins for new Wal-Mart in Tempe

Wal-Mart Stores Inc. is expected to hire about 200 people for a new location expected to open this fall at 800 E. Southern Ave. in Tempe.

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Report: Arizona still a top vacation destination

Despite local hotels and restaurants suffering greatly during this recession, Arizona remains one of the most desired vacation destinations in the country.

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Phoenix parking rates skyrocket

While they remain among the lowest in the nation, monthly parking rates in Phoenix grew faster this year than in any other major metro area in the country.

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Chapter 7 filings up 102 percent in Valley

Valley filings for Chapter 7 bankruptcy, which doesn’t require any debt repayment, soared more than 102 percent during the first half of the year compared with the same period in 2008, according to the U.S. Bankruptcy Court of Arizona.

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TODs to Remain on Drawing Board

PHOENIX-Six months after the area’s light rail began rolling, transit-oriented developers wait for the economy to improve.

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Healthy Fast Food Chain, Evos, Opening Restaurants in Atlanta and Elsewhere
Tampa, FL-based Evos is a quick service restaurant chain established in 1994 that bills itself as the “healthy” fast food chain. Serving burgers, french fries (known as “Airfries” at Evos), sandwiches, salads, shakes, and kids foods, Evos uses organic and low-fat ingredients. It now has four locations in the Tampa area, one in California, one in North Carolina, and one in Atlanta.

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It’s a Mad, Mad, Mad, Mad Market

Financing deals today requires an honest assessment of all factors.

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For a FREE market evaluation of your property, contact me immediately!