Monday, January 28, 2008

FREE SCOTTSDALE DOWNTOWN TROLLEY TO ACCOMMODATE SUPER BOWL RELATED EVENTS (JAN. 28 - FEB. 3)

The City of Scottsdale Arizona will provide a Downtown perimeter trolley route for Super Bowl Week (starting Monday, Jan. 28 through Sunday, Feb. 3).

The Downtown perimeter trolley route will replace the current trolley route for this week only and will provide extended service until 3 a.m. on Friday, Feb. 1 and Saturday, Feb. 2 when many of the Super Bowl related events are occurring. The perimeter route provides easy access and drop off points for hotel shuttles to connect with the trolley.

Four park and ride lots will be available for visitors with cars to access Downtown. These lots will help reduce congestion Downtown and make it more convenient for visitors who are unfamiliar with the area.

A Super Bowl trolley map is available on the City's Super Bowl Web page at:
http://www.scottsdaleaz.gov/events/sb2008.asp


This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.

Tuesday, January 01, 2008

SCOTTSDALE BUSINESS ACTIVITY UPDATE

** On year-to-year basis, the median home price for the Valley dipped to $240,000 in November compared with $259,000 in November 2006, a drop of 7.9 percent, the lowest monthly median since May 2005.

In Scottsdale the median price declined 13.5 percent to $544,645 from November 2007 to November 2006. Median prices for Scottsdale over the past two years have fluctuated from a high of $640,000 in June 2006 to $535,000 in September 2007.

The national median existing-home price for all housing types was $207,800 for October, down 5.1 percent from October 2006.

** In 2007, 22 restaurants in Scottsdale were selected to receive Wine Spectators 'Award of Excellence' for their wine lists.

** Scottsdale-based Alanco Technologies, Inc. recently announced its subsidiary was awarded a pilot contract to demonstrate a new system at a high security government facility to monitor water contaminants and radioactive materials. A solar power feature allows the units to be located virtually anywhere on earth.

The new remote monitoring system is capable of continuously sampling a wide variety of environmental variables and transmitting data to a central monitoring authority at a lower cost compared to current sampling and transport practices for remote locations.

** Grunberg Realty in New York City paid $54 million, or $215 per sqare foot for the Scottsdale Executive Office Park, a 251,588-sf complex located at Via de Ventura and Hayden Road. The seller bought the property in March 2006 for $47.93 million from a private investor who had acquired it six months earlier for $37 million.

** Scottsdale-based Five Star Development is developing a 'green center' in El Paso, Texas. The 2.1 million-sf mixed use development is considered by Five Star to be a prototype for other green/LEED certified developments.

This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.

ARIZONA BUSINESS CONDITIONS INDEX CLIMBS BACK ABOVE 50

The seasonally adjusted Arizona Business Conditions Index rose to 53.8 in October from 48.2 last month, an 11.5 percent increase.

An Arizona Business Conditions Index reading of over 50 indicates that the local economy is growing, while a reading below 50 suggests a slowdown in the overall level of economic activity in the near term.

After dipping below the critical 50-mark in September, the index recovered above the 50-mark in November, a high enough figure to abate any worries about a deep impending recession, although the reading was hardly a strong statement on the current local economy.

This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.