Daily News April 14, 2009

First Half 2009 Medical Office Research Report is available. Please click here for a free copy of this report.

EV becoming aerospace business hub

Stimulus funds to bring traffic relief in Tolleson

Retail vacancies on the rise

Chandler weighs options to ease planning

Experts: Office Market Belongs to Tenants
PHOENIX-With office vacancies moving into 20% territory, landlords fight for every deal.
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Chapter 7 bankruptcy filings double
Filings for Chapter 7 bankruptcy, which doesn’t require any debt repayment, soared more than 95 percent in the first quarter compared with first-quarter 2008 across Arizona and the Valley.
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Metro records decrease in daily ridership in March
The Metro light rail system carried a record number of passengers in March, though the average daily ridership dipped slightly.
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Video: Robert Shiller on the economy
Shiller, a professor at Yale University and cocreator of the Case-Shiller House Price Index, discusses four aspects of the current crisis: regulating for financial innovation, reducing trust in models, redesigning institutions, and the time line for turnaround. His perspectives are informed in part through his research that psychology—particularly an understanding of human irrationality—can play a key role in explaining economic breakdowns and exploring effective solutions.Read more on the McKinsey Quarterly >

Glimcher Opens First Phase of Scottsdale Quarter, Starts Phase Two Glimcher Realty Trust (NYSE: GRT) opened the first phase of its Scottsdale Quarter lifestyle center in March 2009. Located upon 28 acres at the southeast corner of Scottsdale Road and Greenway-Hayden Loop in Scottsdale, AZ, the company said Phase One is 90% leased. Phase one tenants include Williams-Sonoma Home (opened 3/26/09), Nike, H&M, Oakville Grocery, BRIO Tuscan Grille, and Martini Park. Glimcher has already started construction on the second phase, with demolition of a former Dial building complete and the foundation poured. Two-thirds of the retail space in all phases is "spoken for," said Glimcher. When complete, Scottsdale Quarter will include 370,000 square feet of mixed-use retail and restaurant space; 35,000 square feet of entertainment space; 205,000 square feet of office space (already 33% leased); a hotel; and residential space.

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