Daily News for Commercial Real Estate & Business – May 18, 2010

Here are the news stories you might find interesting today regarding commercial real estate and business:

Direct Alliance adding 100 jobs in Tempe Direct Alliance is adding 100 sales and account management positions at its Tempe facility to help two technology firms. The company, a subsidiary of TeleTech Holdings Inc. that specializes in outsourced sales and marketing solutions, will help Xerox with outsourced account managers to work with businesses regarding an array of the company's products. View article...

New baseball, softball training center on deck in Tempe Extra Innings, a state-of-the-art indoor baseball and softball training center, is opening its first location in Arizona in Tempe. The facility, at Interstate 10 and Warner Road in Tempe south of Ikea and Dick's Sporting Goods, is co-owned by Shep Ellis, who has played and coached baseball for more than 30 years. View article...

City still waiting for developer to submit Desert Ridge plans Gray Development Group still is not ready to submit its amendment to the Desert Ridge Specific Plan to the Phoenix Planning Commission. The commission, which advises the City Council, has placed Gray's request on the continuation calendar once again. The continuation calendar is for proposals that are not ready to proceed. It allows them to come up month after month until the developer is ready to go. View article...

Donovan's restaurant, neighbors agree on parking lot Five years and two lawsuits later, neighbors and the owners of Donovan's Steak and Chop Shop have agreed to let the restaurant build a parking lot. The agreement ends years of opposition to commercial development encroaching into the Brentwood Estates neighborhood near 32nd Street and Camelback Road. View article...

Owners aim to rejuvenate the Wigwam Golf Resort and Spa erry Colangelo was on his way to dinner at the Wigwam Golf Resort and Spa in March when a group of golfers watching an NBA game at a lobby bar recognized him. The former owner of the Phoenix Suns and Arizona Diamondbacks asked the guests where they were going for dinner. View article...

Ecotality holds forum on EV Project Ecotality Inc. will hold a forum Tuesday to discuss progress on the EV Project, a plan to roll out electric vehicle chargers across Phoenix and Tucson as part of a larger federal effort. View article...

Panel of experts outline how Arizona immigration law works Much of the debate around Arizona's new immigration law is focused on the moment when a law-enforcement officer can or should ask about a person's legal status. The law states that an officer engaged in a "lawful stop, detention or arrest" must, when "practicable," ask about a person's legal status when "reasonable suspicion exists" that the person is in the U.S. illegally. View article...

Investors brace for a queasy new week of stock uneasiness The stock bull market that began in March 2009 has lost its mojo amid an onslaught of sobering new risks that have injected fresh fear into Wall Street. While the broad market has not suffered an official correction - a 10% drop - in the 14-month bull, the market has suddenly turned diabolically volatile, causing investors to wonder if a sizable decline is underway. View article...

Feel free to contact me regarding any of these stories, the current market, distressed commercial real estate opportunities or your property.

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