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Sliding prices and slowing sales wrapped up the West Valley’s housing market in January, with almost all communities taking a tumble in median price. Despite the slipping resale numbers, local Realtors say this trend is not a predictor of what’s to come for the housing market in 2007. Compared with last January, Peoria was the sole West Valley city to see an increase in both price and sales, according to data from Arizona State University’s Realty Studies Department.   More…

ARCADIA - A $450 million luxury residential resort could replace the deteriorating structures at the northwestern corner of 44th Street and Camelback Road. “The residents at Camelsquare will be able to go down to the main grounds and be able to walk their dogs and walk in trees, flowers and garden areas and stay in the community and go to the local neighborhood stores or restaurants,” said Scott Schirmer, managing partner and the project’s lead manager for the M3 Companies.  More…

SCOTTSDALE - Construction is set to begin this spring on a publicly funded frontage road along Loop 101 that will serve the planned One Scottsdale development and help relieve traffic, officials said. Scottsdale is accepting bids for a $4.5 million contract to build a mile-long frontage road between Scottsdale and Hayden roads on the northern side of Loop 101. Work is expected to begin in April and last through December.  More…

Five companies are being considered to design Glendale’s latest professional sports venue, a spring training stadium for the Los Angeles Dodgers and Chicago White Sox. City and team representatives will meet in the coming weeks to whittle the list to one. Then they will search for a construction manager. The city hopes to break ground this summer and start playing ball in 2009.  More…

NORTHEAST PHOENIX - A rainbow of balloons swayed in the breeze at the entrance to one of the Reach 11 soccer fields Friday, welcoming people of all ages to the grand opening of what will eventually be the largest single-site sports complex in < ?xml:namespace prefix = st1 ns = “urn:schemas-microsoft-com:office:smarttags” />Arizona.  More…

A remedy for Interstate 10’s notorious Broadway Curve in Tempe, one of the worst freeway bottlenecks in the Valley, will not come easily. Or soon. But while designers and engineers at the Arizona Department of Transportation wrestle with the complex project, Tempe officials are growing impatient.  More…

Phoenix officials are working on a deal that would offer just under $100 million in sales-tax rebates for CityNorth, a monumental $2 billion development in northeast Phoenix. City officials have said that the agreement with developer Thomas J. Klutznick Co. involves a 50 percent rebate of sales taxes over as many as 11 years. The rebates would allow the city to lease space at various parking structures within the development for public use.  More…

Drivers by the end of April will not see NBA players crossing Camelback Road between the Esplanade and Biltmore Fashion Park - even the tallest players can use the new underpass without having to duck. Underpass? Yes, that hump in the road between 24th and 26th streets is not the world’s largest speed bump. City crews heaved the road up about six feet during the past 10 months to accommodate an 80-foot-long, 32-foot-wide underpass. Part of the city’s effort to make the posh car-centric area more pedestrian friendly.  More…

The fight for Patriots Square is getting just a little ugly. After months of public discussion, developers of a proposed $900 million mixed-use retail project in downtown Phoenix have unveiled a new plan for the oft-maligned town square. Unfortunately for them, the design was met with a healthy dose of skepticism and, in many cases, outright anger at a recent public forum.  More…

A trustee sale had been scheduled last week for Elevation Chandler, the unfinished hotel project adjacent to Chandler Fashion Center. Developer Jeff Cline would have faced losing his prime piece of property at Loop 101 and the Santan Freeway on Feb. 5, but in early December, he secured a bridge loan of $24 million to pay off his debts and retain control of the project. The loan gave the developer breathing room and a year to obtain new financing to resume construction.   More…

Forget Scottsdale, Paradise Valley or the Biltmore area. The Valley’s most expensive luxury apartments are now open on Tempe Town Lake. Folks willing to pay up to $5,000 a month began moving into their luxury apartments last week at Grigio, a 523-unit complex on the northern shore of Tempe Town Lake.  More…

The priciest corner of Camelback Corridor will soon get its first office project in seven years. Houston-based developer Hines plans to announce details Thursday for 24th at Camelback II, an 11-story, 300,000-square-foot Class A office midrise project. Rents are set for $40 to $44 a square foot, depending on the floor. “The location is about as good as it gets,” said Bill Olson, vice president/designated broker with Hines.  More…

The Fortune 100 company that owns Macy’s department stores will open its Western region distribution plant in Goodyear, bringing more than 500 full-time jobs to the Valley. The City Council unanimously approved an incentive package Monday night with Federated Corporate Services to open a 603,000-square-foot distribution center at the northeastern corner of Cotton Lane and Maricopa County 85.  More…

To this day, Israel Machic has difficulty standing for more than a half-hour. The 36-year-old Guatemala native made a good living as a roofer in the Valley until he fell off a house two years ago as he was rushing to finish a job. It would have been futile to complain, said Machic, who soon plans to return to Guatemala with his wife and children.  More…

Many of the people in Arizona who help home buyers finance what is often the biggest purchase of their lives are not licensed. In the rapidly growing mortgage industry, many of these unlicensed people who handle home loans can put consumers at risk. If home buyers get a bad loan with an exorbitant interest rate and extra fees, they are stuck.  More…

Urban growth into Arizona’s farmland will push farmers to take part of the state’s $6.3 billion-a-year agriculture industry into Mexico, the state’s agriculture director said. “The growers are going to go to Mexico. They’re looking there now,” Donald Butler, director of the Arizona Department of Agriculture, said Thursday in an interview. “You keep pushing and pretty soon you’re going to have a situation like you do with oil. It’s going to be imported,” Butler said. “The growers here are going to go to Mexico and produce the crops and send them back up.”  More…

SCOTTSDALE - Residents from throughout the city will be drafted to help update the city’s General Plan, according to a work plan unveiled this week. Last approved by voters in 2002, the General Plan is required to be ratified every 10 years under state law.   More…

SCOTTSDALE - Northeast Valley homeowners began grappling with the downside of jumping home values this week when they received the latest assessments from the Maricopa County Assessor’s Office. Increased values might seem to foretell a higher tax bill in the fall, but cities and school districts regularly lower tax rates to account for any windfall.  More…

Condos are out, apartments are back in at The Foothills and Joshua Tree in North Scottsdale following acquisition of the projects by Alliance Residential Co.  More…

Downtown’s tallest building is opening its doors to occupants this week at the first of Scottsdale Waterfront’s twin 13-story condominium towers. Last week, developers showed off parts of the 143-foot western tower along the northern side of the Arizona Canal, southwest of Camelback and Scottsdale roads.  More…