Commercial Real Estate & Business News – September 19, 2016

The Southwest is expected to continue eclipsing the national economy in terms of economic growth and job creation over the next few years. That’s according to former Citibank CEO Eugene McQuade, who spoke at the annual Phoenix Business Journal-Salt River Project 2017 Economic Forecast, held today at the JW Marriott Desert Ridge in Phoenix…»

The distributed innovation system at ASU, said Kerner, helps turn out better graduates because it puts the ideas behind entrepreneurial thinking into various departments across the school. “Most universities are built on tradition and maintaining that tradition,” she said. “ASU is focusing on what can be done to be a new type of institution and not one built on tradition”…»

Salt Lake City-based Western States Lodging and Management will break ground next week for a $30 million senior living community in Avondale and another $30 million center near Scottsdale next year. When completed, both facilities will employ upwards of 300 people. Plans call for building the 169-unit Legacy House of Avondale at 2635 N. Dysart Road…»

Golfsmith International Holdings Inc. has filed for Chapter 11 bankruptcy to restructure its debt, close underperforming stores and sell its Canadian subsidiary, Golf Town Inc. Two of those stores are in Arizona…»

Metro Phoenix has had higher than average increases in home values and has some of the lowest property taxes in the county. Phoenix’s low foreclosure rate also propelled it toward the top of the list, according to Bankrate. Only six years ago, high foreclosures and negative appreciation garnered us the not-so-nice label “boomtown gone bust”…»