Arizona Real Estate News Access
All the real estate and mortgage news you need to know in Arizona

May 2007
« Apr   Jun »
Retail building boom in E.V.
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:45 pm

The most popular vehicle in the East Valley must be a shopping cart. More stores are being built there than anywhere else in the Valley this year. The Valley has a record 9.6 million square feet of retail under construction, and most of it is opening this year or next, according to CB Richard Ellis. Two-thirds of that is in the East Valley, adding the equivalent of at least five new Chandler Fashion Centers.  More…

comments (0)
Opus to build 430,000 square feet of offices
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:40 pm

In the past three months, Opus West Corp. in Phoenix has broken ground on three new office developments near fairly new stretches of Loops 101 and 202. Combined, the development phases call for 430,000 square feet of space to be added to the Valley’s ever-expanding office market. It also brings the amount of office space with freeway frontage that Opus has recently completed - or is currently building - to 1.4 million square feet.  More…

comments (0)
Builder enticements stymie home resales
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:28 pm

New-home builders enticing buyers with incentives like free pools and discounted upgrades appeared to be one reason for the sluggish existing-home sales in April. Sales for the month in Maricopa County fell to 4,855, compared with 5,385 in March. April sales were a bit stronger than in January and February but were well below the 5,980 in April 2006 and 8,735 in April 2005.  More…

comments (0)
Gila airport project advances
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:23 pm

Chandler and Sun Lakes residents may object to the potential noise, but a Phoenix developer is pushing ahead with plans to commercially develop a World War II-era airfield on the Gila River Reservation. Will Graven, the developer, says Memorial Airfield could one day rival Scottsdale’s airport, which has about 200,000 operations - takeoffs and landings - a year. Memorial has more runway space, more land around it to develop and a better location for businesses headed to downtown Phoenix, he said.  More…

comments (0)
Houses to go certifiably green
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:21 pm

Arizona will get its first certified green-building homes this summer. That includes a Phoenix condominium project and a house west of Flagstaff, said Anthony Floyd, a green-building expert for the Southwest. Small demonstration projects are emerging just as major builders are embracing green-building features to make houses healthier for their occupants and the environment.  More…

comments (0)
Glendale Corporate Center rising near sports complex
Filed under: General, Business
Posted by: Lillian Wong @ 1:19 pm

Construction has begun on a highly visible 300,000-square-foot office complex along Loop 101, just across the freeway from Glendale’s sports and entertainment center. Phoenix-based Opus West Corp. is building the Glendale Corporate Center on 21 acres between 99th Avenue and Loop 101 just south of Glendale Avenue. Possible tenants at the Class-A office complex could include home builders, financial institutions and insurance companies.  More…

comments (0)
ID-theft risks misunderstood by consumers
Filed under: General, Business
Posted by: Lillian Wong @ 1:17 pm

Although the overall number of identity-theft cases apparently has started to drop, many consumers and financial institutions still aren’t doing enough to prevent it. Speakers at a banking industry conference in Scottsdale on Tuesday described an ongoing cat-and-mouse game in which crooks invent new schemes for fraud as banks and other financial firms adjust their defenses. They also said that, in many cases, consumers don’t have a good grasp of the risks.  More…

comments (0)
Resolution Copper pushes federal land swap for mine
Filed under: General, Business
Posted by: Lillian Wong @ 1:14 pm

A federal land swap that Resolution Copper Co. says is critical to developing a $3 billion copper mine in Gila County is under more scrutiny now because of a corruption investigation into Rep. Rick Renzi, R-Ariz. A bill supporting the trade died in Congress last year, and Resolution Copper said it is working with lawmakers, environmentalists and the San Carlos Apache Tribe to get the project back on track.  More…

comments (0)
Incentives help Surprise lure Toyota dealership to auto mall
Filed under: General, Business
Posted by: Lillian Wong @ 1:12 pm

The northwest Valley’s first major autoplex, named the 303 Auto Show, is primed to snag customers from Surprise, Glendale and as far northwest as Wickenburg. That was the motive in offering a host of economic incentives to land the complex, a project that easily could have gone to west Glendale rather than Loop 303 and Cactus Road in Surprise, City Manager Jim Rumpeltes said. The project’s first dealership is expected to open in late 2008.  More…

comments (0)
Lenders pull back, buyers lose dream of home
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 1:09 pm

Monica and Jaime Silva thought they were on the road to owning their first house. They got an agent, found a place they loved and worked to clean up their credit before applying for a mortgage. They didn’t have much to put down on the $215,000 house in Maricopa, but the lender approved them for an “80-20″ program, in which the down payment and the balance of the sale price are borrowed in separate loans.  More…

comments (0)