Commercial Real Estate & Business News – November 7, 2016

Market conditions have remained steady throughout a year marked by economic and political turbulence and commercial real estate industry executives expect to close out 2016 on an even keel, according to the Real Estate Roundtable's Overall Q4 Sentiment Index, released Thursday. That being said, the three indices derived from the Roundtable's Sentiment Surveys represent a falling-off from the year-ago period. ...»
A new luxury resort proposed near Scottsdale's Troon North Golf Club - perennially ranked among Arizona's best golf courses - would feature 64 villas, a swimming pool, and meeting space just a few hundred feet from the clubhouse, according to development plans recently filed with the city. ...»

Stacey Champion doesn't like what's happening to Roosevelt Row. Champion runs her Champion + PR Consulting out of a house that doubles as an art gallery at Sixth and Roosevelt streets in Phoenix. In that area there used to be more than a dozen art galleries and spaces in the Roosevelt Row area just north of downtown's business district. Now, there are four, Champion said. ...»

Well, the initial reports are now complete for September, and we can see that the strong first half of the year for housing did not lose momentum as the kids went back to school and temperatures cooled. The market is strong and seems poised to remain so for the rest of the year. However, the improving economy presents both opportunities and challenges for the months ahead....»
Jerry Simms, who owns the Turf Paradise horse racing track in Phoenix, says he's buying a retail center in the Desert Ridge area of Phoenix for $17 million cash. Simms is also an active real estate investor in the Arizona market. Simms says he's buying the Shade shopping center near Tatum Boulevard and the Loop 101 freeway in north Phoenix. The property is near Desert Ridge Marketplace....»

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