Archive for July, 2009

Texas Real Estate Investment Firm Buys Former Motorola Campus in Arizona

Mike Padgett -

July 27, 2009 PRESS RELEASES PHOENIX, Ariz. – Capital Commercial Investments Inc. of Austin, Texas, has acquired the former Motorola campus, a two-story corporate office and research and development facility at 2501 S. Price Road in Chandler. The 512,000-square-foot building sits on 152 acres between Germann and Queen Creek roads. The property’s acquisition coincides with […]

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New Book Offers Look at Historic Phoenix Hotel and its Guests, Some Ghostly

Mike Padgett -

July 22, 2009 PHOENIX, Ariz. – The desk clerk was frantic. It was 4 a.m. and the seven-story Hotel San Carlos suddenly went dark. The electricity was out. No lights, no working elevators and no air conditioning. It was a typical July with triple-digit temperatures. The hotel clerk grabbed the phone and punched a number. […]

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Recycling and Other Green Initiatives Saving ‘Green’ at Maricopa County

Mike Padgett -

July 20, 2009 PRESS RELEASE PHOENIX, Ariz. – More than 300 metric tons of greenhouse gas emissions have been avoided by using biodiesel fuel in Maricopa County‘s fleet operations.  Well over 360 tons of paper have been recycled this year and even more materials will be diverted from the landfill because of an expanding recyclables […]

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Trading Million-Dollar Homes in Arizona’s Slow Real Estate Market

Mike Padgett -

July 17, 2009 SCOTTSDALE, Ariz. – A unique service in one of Arizona’s luxury residential communities is adding a new option to the state’s on-its-knees real estate market. The service is centered on the trading of residences within Desert Mountain, the luxury gated golf community at the northernmost end of Scottsdale. Trading homes is a […]

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Metro Phoenix Residential Real Estate to Recover Before Commercial

Mike Padgett -

July 15, 2009 PHOENIX, Ariz. – Hints of a rebound in metro Phoenix’s residential market, multiple bids on lower-end homes, and a delayed return in the commercial market are some of the latest opinions of Kurt Rosene, senior vice president of national development at The Alter Group, a national developer based in Chicago. Rosene recently […]

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Registrations Starting for 2009 Susan G. Komen Phoenix Race for the Cure

Mike Padgett -

July 14, 2009 Press Release PHOENIX, Ariz. – These days, with temperatures in triple digits, it’s hard to think of anything other than how to keep cool, let alone think of doing anything outdoors. But the 2009 Susan G. Komen Phoenix Race for the Cure will be here in just three short months and it’s […]

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Challenging office and industrial markets in metro Phoenix predicted

Mike Padgett -

July 13, 2009 Press Release PHOENIX, Ariz. – The commercial real estate market in metro Phoenix has been impacted by reduced lending activity, rising unemployment and increased foreclosure rates, according to the second-quarter report from Colliers International. Following are the report’s highlights: Office Market • Overall vacancy is at 21.4 percent, up from 19.9 percent […]

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More Philanthropy in Arizona’s Future, Says Former Flinn Foundation CEO

Mike Padgett -

July 10, 2009 PHOENIX, Ariz. – John Murphy is hardly the hammock champ. He’s into heavy lifting, as in megabucks philanthropic ventures, so don’t expect him to slow down after retiring from 28 years as president and CEO of the Flinn Foundation in Phoenix. Right now, before he rolls the dice for his next adventure, […]

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Late ’09 Recovery Predicted for Metro Phoenix Commercial Real Estate Market

Mike Padgett -

July 9, 2009 PRESS RELEASE PHOENIX, Ariz. – The commercial real estate market in metropolitan Phoenix continues experiencing the symptoms of a struggling economy, with increasing vacancies in the office, industrial and retail sectors. But despite the uncertainty in the housing and credit markets, economists at the W.P. Carey School of Business at Arizona State […]

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Phoenix CBD Parking Rate Increasing, Despite Economic Doldrums, says Colliers Int’l Survey

Mike Padgett -

July 8, 2009 PRESS RELEASE PHOENIX, Ariz. – Despite the nation’s sluggish economy, with high unemployment and a significant drop in traffic, U.S. garage owners and operators are holding their parking rates at last year’s levels, or more, according to Colliers International’s ninth annual North American Parking Rate Survey. In contrast, Canadian parking costs registered […]

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