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      <title>GlobeSt. Topics - Phoenix</title>
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      <copyright>&#169; 2009 ALM Media Properties, LLC. All rights reserved.</copyright>
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      <pubDate>Tue, 09 Mar 2010 10:31:07 CST</pubDate>
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         <title><![CDATA[185 'Fractured' Condo Units Acquired]]></title>
         <description><![CDATA[PHOENIX-The sale of partial condos La Terazza at Biltmore and Portofino for a combined $15 million show investor interest in half-sold projects.]]></description>
         <link>http://www.globest.com/news/1614_1614/phoenix/183898-1.html?st=rss</link>
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      <item>
         <title><![CDATA[Albertsons Pursuing Bankrupt Bashas']]></title>
         <description><![CDATA[PHOENIX-Albertsons woos Bashas', which entered Chapter 11, despite the latter's rejection of Albertsons' $290 million offer. ]]></description>
         <link>http://www.globest.com/news/1607_1607/phoenix/183729-1.html?st=rss</link>
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      <item>
         <title><![CDATA[Nine-Month Marketing Sign of Times]]></title>
         <description><![CDATA[MESA, AZ-The marketing and sale of the 82,373-square-foot Village Grove Shopping Center was prolonged due to pricing confusion and lack of comps. ]]></description>
         <link>http://www.globest.com/news/1605_1605/phoenix/183681-1.html?st=rss</link>
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      <item>
         <title><![CDATA[130 Units Bought from Foreclosure]]></title>
         <description><![CDATA[PHOENIX-Investors have anteed up $16 million to pay for a chunk of the 145-unit Century Plaza condominiums, which were sold by the lender.]]></description>
         <link>http://www.globest.com/news/1604_1604/phoenix/183665-1.html?st=rss</link>
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         <title><![CDATA[HSL Pays $13M for Cabrillo]]></title>
         <description><![CDATA[SCOTTSDALE, AZ-The Tucson buyer closes on the second of two Fairfield Residential deals, taking possession of the class B asset.]]></description>
         <link>http://www.globest.com/news/1597_1597/phoenix/183510-1.html?st=rss</link>
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      <item>
         <title><![CDATA[Opus West Files Suit Against Opus Corp.]]></title>
         <description><![CDATA[PHOENIX-Debtors in possession of the regional operating arm claim the Minnesota-based parent company siphoned almost $150 million of earnings.]]></description>
         <link>http://www.globest.com/news/1591_1591/phoenix/183372-1.html?st=rss</link>
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      <item>
         <title><![CDATA[Differences Definite in Phoenix, Tucson]]></title>
         <description><![CDATA[PHOENIX-Industrial experts tell different stories about the cities, that are 100 miles apart: Phoenix picks up while Tucson lags.]]></description>
         <link>http://www.globest.com/news/1591_1591/phoenix/183361-1.html?st=rss</link>
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      <item>
         <title><![CDATA[Elevation Chandler Ownership Uncertain]]></title>
         <description><![CDATA[CHANDLER, AZ-The see-through condo project was in court due to two trustee sales in June. Attorneys for both sides presented their cases last week.]]></description>
         <link>http://www.globest.com/news/1589_1589/phoenix/183319-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Solar Great, Financing Not so Much]]></title>
         <description><![CDATA[PHOENIX-Though Arizona is attracting many solar companies, experts note that financing of solar and other renewable systems remains a challenge. ]]></description>
         <link>http://www.globest.com/news/1588_1588/phoenix/183298-1.html?st=rss</link>
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      <item>
         <title><![CDATA[90,000-SF Office Asset is Fund's First]]></title>
         <description><![CDATA[PHOENIX-REVA Catalyst Fund buys Phoenix Peak in a transaction valued at just under $10 million. Expect more buys to follow, the manager says.]]></description>
         <link>http://www.globest.com/news/1583_1583/phoenix/183189-1.html?st=rss</link>
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      <item>
         <title><![CDATA[SEC Resolves Mortgages Ltd. Case]]></title>
         <description><![CDATA[PHOENIX-The Arizona Republic reports that Mortgage Ltd. Securities LLC's securities broker-dealer registration has been revoked.]]></description>
         <link>http://www.globest.com/news/1582_1582/phoenix/183166-1.html?st=rss</link>
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      <item>
         <title><![CDATA[BRE No Longer G&amp;E, Now Cassidy Turley]]></title>
         <description><![CDATA[PHOENIX-Though the original plan was to shift form the Grubb &amp; Ellis brand to its new name in March, the new name takes effect immediately.]]></description>
         <link>http://www.globest.com/news/1581_1581/phoenix/183141-1.html?st=rss</link>
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         <title><![CDATA[Morgan Park Bought from Foreclosure]]></title>
         <description><![CDATA[PHOENIX-The 428-unit, class B asset, which once belonged to Atherton-Newport, is now in the hands of Northwind Properties for $18.5 million.]]></description>
         <link>http://www.globest.com/news/1578_1578/phoenix/183076-1.html?st=rss</link>
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         <title><![CDATA[Foreclosure Auction Set for Centerpoint]]></title>
         <description><![CDATA[TEMPE, AZ-Following a months-long battle to find financing to complete the luxury condominium towers, the developer throws in the towel.]]></description>
         <link>http://www.globest.com/news/1576_1576/phoenix/183037-1.html?st=rss</link>
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      <item>
         <title><![CDATA[G&amp;E to PHX: We're Not Going Anywhere]]></title>
         <description><![CDATA[PHOENIX-Days after BRE LLC split from Grubb &amp; Ellis, the latter unveils plans to launch owned-and-operated branches in these cities.]]></description>
         <link>http://www.globest.com/news/1575_1575/phoenix/183018-1.html?st=rss</link>
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         <title><![CDATA[HSL Spends $16M on Casa Santa Fe]]></title>
         <description><![CDATA[SCOTTSDALE, AZ-The Arizona company lays claim to the 264-unit, class B complex, buying it from Fairfield Residential. ]]></description>
         <link>http://www.globest.com/news/1573_1573/phoenix/182966-1.html?st=rss</link>
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      <item>
         <title><![CDATA[Healthcare Trust Closes on 641,000 SF]]></title>
         <description><![CDATA[SUN CITY, AZ-The Scottsdale, AZ-based REIT pays $107 million to Roskamp Management Co. for its 17-asset medical office building portfolio.]]></description>
         <link>http://www.globest.com/news/1572_1572/phoenix/182946-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[CityNorth Developer Faces $290M Foreclosure]]></title>
         <description><![CDATA[PHOENIX-The Business Journal reports Capmark Finance is owed on the 627,000-square-foot mixed-use development spearheaded by Klutznick Co.]]></description>
         <link>http://www.globest.com/news/1571_1571/phoenix/182929-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[2009 Year of 'No Activity']]></title>
         <description><![CDATA[PHOENIX-As housing goes, so goes retail. But experts note that housing is starting to stir, a little, and retail is likely to follow in 2010.  ]]></description>
         <link>http://www.globest.com/news/1571_1571/phoenix/182925-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[ALR Enters PHX Metro with 204-Unit Buy]]></title>
         <description><![CDATA[AVONDALE, AZ-Adams LaSalle acquires Newport Apartments from AIMCO for north of $8 million, and is seeking additional buys in the area. ]]></description>
         <link>http://www.globest.com/news/1570_1570/phoenix/182905-1.html?st=rss</link>
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