04/21/07
Filed under:
General
Posted by:
Lillian Wong @ 4:52 pm
Pack your bags, Relocate-America.com has released it’s list of America’s Top 100 Places to Live for 2007 and Phoenix is not on the list. Four Arizona cities made the cut, but the only hot spot in the metro area is Surprise. Kingman, Lake Havasu City and Sierra Vista also made the list. More…
Filed under:
General,
Mortgages
Posted by:
Lillian Wong @ 4:44 pm
WASHINGTON - The heads of Fannie Mae and Freddie Mac said Tuesday the mortgage finance giants are developing new types of loans to help distressed borrowers with high-risk mortgages keep their homes at a time of rising foreclosures. A key federal regulator also urged lenders to step in now and extend flexible terms to struggling homeowners. More…
Filed under:
General,
Real Estate
Posted by:
Lillian Wong @ 4:42 pm
A Boston developer paid $46 million for land at Seventh Street and Deer Valley Road to build a master-planned business park that includes a hotel and office condominiums. The Vazza Co. plans to develop the 81-acre site as North Valley Corporate Center, with mixed-use office, flex space, retail, a hotel and single-story office condominiums, according to Colliers International, which brokered the deal with seller Deer Namwest LLC of Phoenix. More…
Filed under:
General,
Real Estate
Posted by:
Lillian Wong @ 3:46 pm
Biltmore shoppers can soon feel protected from oncoming traffic while crossing Camelback Road. Construction for the pedestrian underpass that cuts through busy Camelback Road from the Camelback Esplanade to Biltmore Fashion Park is nearly complete. A grand opening ceremony is May 5. More…
Filed under:
General,
Real Estate
Posted by:
Lillian Wong @ 3:45 pm
Not much of the Desert Ridge area is left for developers. But for now, plenty of open space remains for the 3,000 homeowners who began moving to the master-planned development in north Phoenix in the late 1990s. Tuesday’s record-breaking sale of 269 acres means a little more of that open space will be covered - in this case with 3,700 homes. More…
Filed under:
General,
Real Estate
Posted by:
Lillian Wong @ 3:42 pm
The developer behind a 34-story downtown Phoenix condominium tower plans to spend about $100 million transforming a 1931 bank building into a 150-room boutique hotel. Scottsdale-based Grace Communities in the midst of renovating the art deco style Professional Building at the southeast corner of Monroe Street and Central Avenue.The Hotel Monroe, is scheduled to open in October 2008. More…
Filed under:
General,
Real Estate
Posted by:
Lillian Wong @ 3:30 pm
D.R. Horton Inc., one of the nation’s largest home builders, said Thursday that profits plunged 85 percent in the January-March quarter, and its chief executive said the weak housing market would continue into 2008. D.R. Horton is the market leader among Valley builders. The company racked up more than 5,600 new-home permits across its three Phoenix-area divisions last year, according to Home Builders Marketing. More…
Filed under:
General,
Mortgages
Posted by:
Lillian Wong @ 3:24 pm
Many seniors are asset rich but still struggle to make ends meet. But a growing trend in lending is helping solve that problem by allowing them to tap into their housing equity. The unusual loans, called reverse mortgages, are attractive to many older homeowners because they don’t have to sell their properties or take on new loan payments. They also aren’t at risk of losing their houses if they can’t make those payments. The money can be taken as a line of credit, as a lump sum or in monthly installments. More…
Filed under:
General,
Real Estate
Posted by:
Lillian Wong @ 3:22 pm
It took three tries, but a large swath of state-owned land in north Phoenix’s Desert Ridge finally sold at auction for a record $149.45 million. The sale not only is the highest price a developer has paid for a piece of Arizona land, it also is an indicator of where the Valley’s housing market may be headed. More…