Daily News from the desk of Nicholas L Miner, CCIM – June 16, 2009

Here are the news stories you might find interesting today:

Scottsdale may pull out of light-rail group

Surprise opens new City Hall

ASU index shows promising signs for Phoenix-area housing market

The latest research from Arizona State University indicates that after a long and painful downturn, the Phoenix-area housing market is approaching a legitimate recovery.

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Arizona Senate OKs solar industry incentives bill

The Arizona Senate Monday approved a bill giving new special tax breaks and incentives for the solar energy industry.

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Best Buy to sell electric motorcycles, bikes

Shoppers at some Best Buy Co. Inc. stores will soon find electric bikes in the aisles alongside big-screen TVs and appliances. (BBY)

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CityNorth subsidy battle could impact Glendale efforts to keep Coyotes

The legal battle over Phoenix subsidies for the CityNorth retail and commercial real estate development could impact whether the city of Glendale can offer new aid to the Phoenix Coyotes hockey team.

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Scottsdale firm buying up residential lots

A Scottdale real estate company paid $8.3 million for 891 single family residential lots Bank of America had placed on the market after borrowers defaulted on their loans.

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Arizona Opera moves to cut costs

Arizona Opera is slashing costs as it moves to keep its full slate of productions for the 2009-2010 season, officials said.

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Judge shoots down Balsillie offer to buy Coyotes and move to Canada

The Phoenix Coyotes likely will stay in the desert and not move to Canada.

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Subaru, Volkswagen headed to Chandler 202

Volkswagen may be the newest addition to the Chandler 202 Auto Park, the center's developer said.

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Survey: Economic conditions snapshot, June 2009

Executives have become notably more optimistic about their companies' and their countries' economic prospects since mid-April - but prospects were so poor then that optimism must be tempered.
Read more on the McKinsey Quarterly >

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