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September 2007
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09/09/07
Buckeye’s future tied to $108M airport expansion
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:23 pm

The town of Buckeye and officials at the Buckeye Municipal Airport are hoping to parlay a $1 million state grant into $108 million for a major regional air and industrial center in the West Valley. Buckeye intends to overhaul its single-runway airport to create a sprawling facility capable of accommodating more regional jets and business travelers.   More…

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Hotel project to ‘revitalize’ Luhrs block
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:21 pm

Phoenix’s first two skyscrapers and other buildings covering a block of downtown are being sought by a California company proposing to build a full-service hotel there. Hansji Hotels Inc. of Irvine, Calif., is negotiating to buy all of the buildings on the city block bounded by Jefferson and Madison streets and Central and First avenues.  More…

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Downtown hotel eye-catching or eyesore?
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:17 pm

The design is supposed to echo Arizona’s breathtaking landscape and rich history. But when Scottsdale resident Terrence Hanson looks at the 1,000-room Sheraton Phoenix Downtown Hotel rising on Third Street, a less flattering image comes to mind: a 1950s-era Las Vegas hotel ready for implosion.  More…

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Grubb broker predicts good land buys soon
Filed under: General
Posted by: Lillian Wong @ 12:15 pm

Sandi Elmore cut her teeth in the commercial real-estate industry working as a receptionist for a residential-development firm in New Mexico. Twenty years later, Elmore is one of three land brokers specializing in deals involving state-owned land at Grubb & Ellis/BRE Commercial LLC’s Phoenix office.  More…

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Home-equity loans quickly drying up
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 12:13 pm

When James Chou’s credit-card debt began to spin out of control a few years ago, he turned to a home-equity loan to pay it off. It proved to be a wise choice. Interest rates on home-equity loans are generally lower than on credit cards. What’s more, the interest is tax-deductible, unlike credit-card interest. That was a few years ago, and Chou, a purchasing manager in Lawrenceville, Ga., looks back with relief.  More…

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Downtown high-rise plans advance
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:11 pm

A Chicago-based financial-services firm is leading the charge to create a more sophisticated skyline for downtown Phoenix and at the same time helping meet the demand for high-class office space in the city’s central business district. Mesirow Financial Real Estate opened its Phoenix office last year after the company joined forces with other investors in a limited liability corporation. Their goal is to build One Central Park East, a 26-story office tower at the northwest corner of First and Van Buren streets.  More…

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Some find opportunity as real-estate funds fall
Filed under: General, Business, Real Estate
Posted by: Lillian Wong @ 12:10 pm

NEW YORK - Real-estate investment trusts have taken a drubbing this year as some investors have grown concerned the real-estate portfolios these companies hold are overvalued. But a drop in share prices of REITs could signal an opportunity for investors willing to look under the hood at what a company owns.  More…

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