Daily News from the desk of Nicholas L Miner, CCIM – June 24, 2009

Here are the news stories you might find interesting today:

45,000-plus Valley properties remain in foreclosure

‘Fast food’ salad restaurant opens

As Scottsdale gets older, developers take notice

U.S. home sales rise again in May

Sales of existing homes rose for the second straight month in May, signaling low prices and incentives are attracting buyers.

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Mass layoffs in Arizona down from April, up from 2008

Businesses in Arizona and across the nation marked an increase in mass layoff actions in May compared with last year, according to the U.S. Department of Labor’s Bureau of Labor Statistics. Arizona numbers, however, are down sharply from the previous month.

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Snell & Wilmer cuts associate salaries 10 percent

Snell & Wilmer LLP – one of Phoenix’s largest law firms – is cutting associates’ salaries by 10 percent as it and other law firms grapple with the economic slowdown.

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Suns moving training camp to San Diego

The Phoenix Suns are moving their training camp from Tucson to San Diego. The NBA team said Tuesday they would hold their training camp for the 2009 season at the University of San Diego.

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Gilbert developments may be altered

Plans for twin retail and office centers at the northwest corner of Lindsay and Ray roads may be changing soon.

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