Daily News from the desk of Nicholas L Miner, CCIM – June 2, 2009

Here are the news stories you might find interesting today:

Mill Avenue to lose Coffee Plantation

Council OKs land deal for commuter facility

Trustee sale of Elevation Chandler postponed

Empty storefronts rule Market Street

Southeast Valley becoming aerospace business hub

Mountainside Fitness opens gym, shuts one

Latest restaurant closing: Regions Bistro

Looks like Coffee Plantation wasn’t the only closure on downtown Tempe’s Mill Avenue over the weekend. Next-door neighbor Regions Bistro & Bar, which just opened in March, also went out of business.

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Manufacturing sector shows encouraging signs

The nation’s manufacturing sector failed to grow in May for the 16th consecutive month, but the latest numbers from the Tempe-based Institute for Supply Management show some encouraging signs.

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GM files for bankruptcy

General Motors, once the world’s biggest automaker, filed for Chapter 11 bankruptcy protection early Monday, setting up a scenario under which the U.S. government will become GM’s largest shareholder.

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US takes biggest hotel industry hit in April

April proved another negative month for the global hotel industry, according to data from Smith Travel Research.

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Balsillie to file application with NHL to move Phoenix Coyotes to Canada

Canadian billionaire Jim Balsillie will put in his official application Monday night asking the National Hockey League to let him buy the Phoenix Coyotes and move them from Glendale to Hamilton, Ontario.

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Rockefeller Group Development finishes first Chandler property

Rockefeller Group Development Corp. has completed its first Chandler Corporate Center building and is looking for tenants.

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177-Store Anchor Blue Retail Chain Files Bankruptcy
Denim and casual apparel retailer, Anchor Blue Retail Group, and four of its affiliated companies, have filed Chapter 11 Bankruptcy. As of May 28, Anchor Blue listed 177 stores in AZ (17), CA (95), CO (5), FL (18), GA (1), ID (1), NM (8) , NV (5), OR (3), TX (10), UT (7) and WA (7) as open and operating on its website.
Click here to download the list of stores in excel format.

American Mail Order Co., also known as Old Pueblo Traders, signed a 10-and-a-half-year lease to move its headquarters to the Centre East complex in Tucson, AZ. The company is taking 44,357 square feet in three buildings at 7820, 7830 and 7840 E. Broadway Blvd.

New holistic health center in Ahwatukee

Prescription medication may be the most common choice to cure a medical ailment, but the new Phoenix Holistic Health Center, located in the Ahwatukee Mercado Shopping Center, has brought together a team of professionals that will help Ahwatukee Foothills residents achieve wellness through less conventional methods.

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Brewer taps Cardon for state commerce post

Mesa businessman Donald Cardon has been named director of the Arizona Department of Commerce by Gov. Jan Brewer.

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