Last year, most
Landmark Realty Capital LLC has acquired 4.4 acres of land along
It would probably be safe to bet that six months ago 90 percent of Americans had never heard of a subprime loan. It would be equally safe to wager that six weeks ago that number hadn’t changed much. Don’t bet your bus fare on that premise today. More…
With once-massive waiting lists dried up and thousands of homes sitting empty in new subdivisions, Valley builders are trying to jump start sales by offering hefty financial perks to real estate agents. When the market took off two years ago, builders’ mind sets were “We don’t need you,” said Christa Burlakoff, owner of Principal Residential Group in
Buyers priced out of the new-home market by the big price increases of the housing boom may get another shot at something they can afford. Many builders are cutting costs and prices as they struggle to attract more buyers and regain their footing in a market flooded with an excess of unsold homes. They’re creating less-expensive houses for new communities and spending less on finishing touches in existing subdivisions. They’re asking subcontractors, like framing and concrete companies, to rebid projects at lower costs. And they’re pressing suppliers for better prices on things like carpet and electrical fixtures that are among the hundreds of options that can quickly cause a house’s base price to balloon. More…
The Foundation for Senior Living is getting a $2.4 million boost to help it build hundreds of new homes for families and seniors in Phoenix and across the state. Plans call for four housing projects with new, affordable houses and apartments, plus amenities like community centers, recreation areas or a day care facility. Residents at two of the locations will also have easy access to social services like counseling and food assistance. The non-profit agency will use the $2.4 million to offset land costs for the projects, which will be built over the next several years. The combined cost for the four projects is $30 million. The grants are an important piece of the pie, said FSL President and Chief Executive Officer Guy Mikkelsen. More…
A group of former housing counselors, loan officers and an escrow agent has been indicted on fraud and conspiracy charges in one of the biggest real estate fraud cases in
Even in a slowing housing market, homes continue to be under construction and for sale in Gilbert. Home builders, including Taylor Woodrow Homes, Lennar and Cachet Homes, are planning to bring about 3,600 houses to the southeastern section of the town. Some of those houses have been sold, and other projects from builders including K. Hovnanian Homes are in the works for that region. Gilbert is perceived as an infill community, which may be fueling popularity of new home projects in the area, said Jay Butler, director of Realty Studies at
The Phoenician resort is planning to sell 12 villas, each for $200,000 to $400,000 plus.
It sounds like a bargain until you realize that these are fractional-ownership luxury villas, and you’re buying access for only three weeks a year.
The Phoenician Residences will join two other luxury fractional-ownership properties that Starwood Hotels & Resorts Worldwide Inc. has developed in the past three years.
A major renovation of seven existing villas on the Phoenician golf course will start this summer and should be completed by January. Five new villas are planned in 2008.
Twenty-five units in
Peter Corbett The
The Hualapai Tribe began rolling its million-pound Skywalk over the edge of the
When complete, the glass-bottom walkway will jut 70 feet beyond the Canyon’s West Rim. Tourists who pay $74.95, strap booties over their shoes and walk across the U-shaped lookout will see the Canyon beneath their feet, an unprecedented view.
A VIP event is set for March 20 and the public grand opening March 28.
Crews assembled the Skywalk out of steel and glass on the Hualapai Reservation, 253 miles northwest of
Daniel Kay, a public relations account executive for the project, said the job would be 30 percent complete by sunrise.
Stephanie Paterik The
Mesa is the winner of a battle with Surprise over a $250 million resort and water park. Waveyard developers Jerry Hug and Richard Mladick said Monday that they chose
SkySong, the ASU