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March 2008
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03/08/08
DMB, Macerich form key development partnership
Filed under: General, Real Estate
Posted by: Lillian Wong @ 9:35 pm

A Scotts­dale-based developer of luxury communities in Arizona and California is joining forces with a national real estate investment trust specializing in high-end shopping malls across the United States.   More…

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DMB-Westcor deal will take years to play out, officials say
Filed under: General
Posted by: Lillian Wong @ 4:05 pm

Phoenix officials say it is impossible to speculate about the effect on the city’s bottom line of Wednesday’s announcement about One Scottsdale, a new office, home and shopping area being built at Loop 101 and Scottsdale Road, on the Scottsdale side of the city border.  More…

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Limp housing market looks even weaker
Filed under: General, Real Estate
Posted by: Lillian Wong @ 4:00 pm

NEW YORK - Nervous homeowners and economic analysts have been wondering how much worse the housing market could get. On Thursday, they got an answer: plenty.  More…

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City may have undervalued land, appeals court says
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:58 pm

SCOTTSDALE - The Arizona Court of Appeals found this week that Scottsdale may have undervalued land for its McDowell Sonoran Preserve in a condemnation case that could cost the city millions.  More…

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Westbrooks’ failed high-rise efforts ‘unusual’
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:56 pm

A high-rise hotel project in Chandler that has sat abandoned since the developer ran out of cash was being pushed behind the scenes by then-Vice Mayor Phill Westbrooks, a Republic investigation shows.  More…

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Surprise condos planned for gay retirees
Filed under: General
Posted by: Lillian Wong @ 3:52 pm

Like a lot of baby boomers, gay and lesbian retirees are looking for a safe, fun place to live out their autumn years.  More…

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Homes left vacant from foreclosure concerns residents
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:47 pm

As the foreclosure rate in the Valley continues to climb, a new problem grows along with it. Vacant homes have sprung up in nearly every Valley neighborhood as homeowners are forced to leave, creating concern for citizens.  More…

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Wells Fargo exec optimistic about economy
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:44 pm

Short, if not necessarily sweet. Wells Fargo executive Richard Kovacevich said he expects the economy and financial system will recover in good shape provided that a recession, if one materializes, doesn’t linger.  More…

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A deal is near for downtown boutique hotel
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:43 pm

A $20 million Starwood loft-style hotel may be coming to downtown PhoenixMore…

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Mexico real-estate ventures blasted
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:40 pm

Arizona and Sonora state officials were bombarded with criticism Wednesday from more than 100 people at a Phoenix forum on real-estate frauds and failures in northern MexicoMore…

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Foreclosure threat overshadows lives of renters, owners
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:37 pm

Moving to a big house in the Verrado development in the far West Valley in December was a dream come true for Marcel Pelletier and his girlfriend, Jennifer Evans.  More…

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Westcor, DMB pact may delay Palisene auction
Filed under: General
Posted by: Lillian Wong @ 3:33 pm

A State Land Department auction of the first parcel of Paradise Ridge, north of Loop 101 and west of Scottsdale Road, could be delayed again.  More…

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Million Dollar Homes: Phoenix
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:29 pm
CNBC
Mar. 07, 2008. 10:20 AM EST
A look at how much home you can get for a million dollars in John McCain’s hometown of Phoenix, Ariz..
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Mesa condo auction may produce real bargains
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:24 pm

Twenty-four condominiums and townhomes at Dobson Bay Club on Baseline Road near Alma School Road will go on the auction block at noon March 16 at the Phoenix Marriott Mesa.  More…

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CEO upbeat about Chase’s ‘09 prospects
Filed under: General, Business, Real Estate, Mortgages
Posted by: Lillian Wong @ 3:22 pm

Several more months for the financial crisis and perhaps another year-plus for housing weakness. JPMorgan Chase’s chairman and chief executive officer, Jamie Dimon, said he expected the country and his company would emerge in good shape once the credit crisis winds down.  More…

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Fed chief sees housing problem as serious economic threat
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 3:20 pm

WASHINGTON - Bernanke’s call for banks to forgive portions of mortgages at risk of defaulting goes beyond the stance of the Bush administration and even previous Fed comments, indicating that he sees housing as a serious threat to the economy that can’t be addressed by fiscal or monetary policy alone.  More…

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DMB, Westcor forge One Scottsdale deal
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:17 pm

Rival developers who were slugging it out to land luxury retailers have joined together to build One Scottsdale, northeast of Loop 101 and Scottsdale RoadMore…

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Builder wants to use town’s water
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:12 pm

Preservation-minded Cave Creek has a big choice to make: Supply water to an outside development in exchange for some undefined future benefits, or leave it up to the developerMore…

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Home-appraisal deal offers new protections
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:04 pm

New York Attorney General Andrew Cuomo said Monday that prospective home buyers will be protected from fraudulently inflated prices under an agreement with government-sponsored lenders Fannie Mae and Freddie Mac.  More…

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Garfield residents fear being lost in development
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:00 pm

Downtown Phoenix’s development boom is shaking up the Garfield neighborhood. The area, bound by 7th and 16th streets and Van Buren Street and Interstate 10, is historically known as a tough Latino enclave with vintage bungalows, small businesses and deep family roots.  More…

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