Work has started at La Curvata, a two-story, multi-tenant office development in North Scottsdale. Biltmore Holdings and LGE Design Build are developing the two-building, 102,000-square-foot project, located north of
The Meram family has a 30-year history in the
Dale Jensen, part owner of the Phoenix Suns and Arizona Diamondbacks, is one of the prime players in the Jackson Street Entertainment District, which is expected to be developed on the blocks near US Airways Center and Chase Field in downtown
Consumer advocates are looking to change federal bankruptcy laws to allow homeowners to rework their mortgages with bankruptcy judges instead of losing their homes through foreclosure. The mortgage industry opposes such changes. More…
For years, Valley planners have talked about the vast economic potential of the area surrounding
It’s hard to talk about the mortgage meltdown without mentioning Countrywide Financial Corp. The nation’s largest residential lender, with 22 retail offices in
When Countrywide Financial Corp. Chief Executive Angelo Mozilo needs cash to fund home loans these days, he doesn’t look to investment banks in
A $41 billion question mark is hanging over Citigroup Inc. That is the amount, in a worst-case scenario, of potentially shaky securities the bank would need to bring onto its balance sheet. Citi has already taken billions of dollars of such securities onto its balance sheet and expects to take big write-downs on those holdings. More…
The intersection of
WASHINGTON - The Bush administration is working with industry on a plan to extend lower, introductory interest rates on home loans before they reset at higher levels. More…
Mesa planners are busy as the year winds down, and the biggest share of that flurry represents development plans for east Mesa, where more and more landowners and builders are hoping to parlay some of the
State trust land will be in play next year in the northeast Valley with close to a dozen auctions planned for more than 2,400 acres. That includes a key site on the
NEW YORK - Battered by the subprime-mortgage crisis, Bear Stearns Cos. on Wednesday cut 4 percent of its staff in a move that could prelude a final push by investment banks to cull their ranks before bonuses are handed out. More…
Rising delinquencies and subprime-loan woes came home to roost in the third quarter, shaving $9.4 billion from bank profits nationally. More…
There’s a new program available to people in
The recent opening of a restaurant at northeast
DETROIT - A mortgage industry group agreed Tuesday to help the nation’s mayors raise public awareness about ways to avoid falling into foreclosure as part of an effort to address the nation’s housing crisis. More…
Johnson Capital recently arranged nearly $51 million in permanent financing for the Sundance
More than 750,000 square feet of office space is in various stages of planning and development in an area of Gilbert stretching along the Santan Freeway from Gilbert Road to the
NEW YORK - The Abu Dhabi Investment Authority will invest $7.5 billion in Citigroup, offering the nation’s largest bank needed capital to offset big losses from mortgages and other investments. The cash from the sovereign investment fund of the Gulf Arab state, which has benefited from this year’s surge in oil prices, will be convertible into no more than 4.9 percent of Citigroup Inc.’s equity. Citigroup characterized the investment as passive and said the fund will not be able to name any board members to the bank. More…