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

Archives:
Meta:
April 2008
S M T W T F S
« Mar   May »
 12345
6789101112
13141516171819
20212223242526
27282930  
04/20/08
Bull market for Bear traders
Filed under: General, Mortgages
Posted by: Lillian Wong @ 7:44 pm

(Fortune) — Last month’s near collapse of Bear Stearns hasn’t reduced demand for the firm’s top traders and salesmen in the mortgage-backed-securities business they once dominated.  more…

comments (0)
Lender, developer of Chateaux on Central in flap over high-profile property
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 7:33 pm

The developer of Chateaux on Central has filed a lawsuit against local lender Mortgages Ltd., with allegations including breach of contract.   more…

comments (0)
Lee Lee Supermarket flexes muscle
Filed under: General, Business
Posted by: Lillian Wong @ 7:19 pm

The owner of a mega-Asian market in Chandler that sells products from 30 countries is opening a second store this month in Peoria, at 75th Avenue and Cactus Roadmore…

comments (0)
Trust-land divisions rekindled
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:15 pm

A proposed citizens’ initiative to conserve at least 570,000 acres of state trust land is drawing outrage and applause as longtime foes prepare to face off once again.  more…

comments (0)
Westcor adds land to SanTan Village project
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:11 pm

Mall developer Westcor has bought about 29 acres in Gilbert adjacent to SanTan Village for $32.7 million. Real-estate analysts say the price - about $25 per square foot - is a premium but makes sense because of amenities in the immediate area.  more…

comments (0)
Foreclosures causing other problems for Phoenix
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:06 pm

Lower revenues in several city departments, lower tax collections and higher numbers of houses sitting vacant are some of the impacts the nation’s foreclosure crisis is having on Phoenixmore…

comments (0)
Meritage Homes plans to offer 4 million shares
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:58 pm

Meritage Homes Corp., the U.S. builder that sells most of its homes in Texas, Arizona and California, plans to sell up to 4 million shares of stock in a public offering. The underwriters will have the option to purchase up to an additional 600,000 shares, Scottsdale-based Meritage said Wednesday. Citi Markets & Banking will lead the share sale, and Meritage plans to use the proceeds for working capital and general corporate purposes.

comments (0)
Elevation Chandler bankrupt, can’t be sold
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:56 pm

Developer Jeff Cline filed papers Friday under Chapter 11. By doing so he held onto the stalled high-rise project south of Chandler Fashion Center just days before it was to be sold at auction.  more…

comments (0)
Housing rescue being fine-tuned
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:49 pm

WASHINGTON - Congressional Democrats and President Bush will agree on a bill to help half a million or more struggling homeowners get into lower-cost mortgages, but it won’t be through the bankruptcy courts, the chairman of the House Financial Services Committee predicted Tuesday.  more…

comments (0)
Hopes rise on sales, inventory
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:46 pm

Home prices continue to slump in Scottsdale but Realtors are encouraged by a decline in inventory and a pickup in pending sales.  more…

comments (0)
Market changes for office condo developers
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:43 pm

Developers of so-called “office condos” market the properties as a way for entrepreneurial businesses to increase their company’s worth by owning their workspace instead of leasing a suite.  more…

comments (0)
AP poll: Mortgage payments worry many
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 6:35 pm

WASHINGTON — One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home’s value is shrinking, according to a poll showing widespread stress from the nation’s housing crisis.  more…

comments (0)
City buying land around Sky Harbor
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:28 pm

Arizona’s largest airport is on a multimillion-dollar real-estate shopping spree.  more…

comments (0)
Tempe lakeside development advances
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:24 pm

Scottsdale-based Wolff Co. is moving forward on a mixed-use project at Tempe Town Lake that eventually could house 3.6 million square feet of residential, office, retail and hotel space.  more…

comments (0)
Cave Creek pushes annexation for trust land
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:18 pm

Cave Creek will do more than preserve 4,300 acres of pristine desert if it annexes 8.8 square miles of mostly Arizona trust land.   more…

comments (0)
04/13/08
State holds its own on distress list
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:52 pm

Arizona’s economy and housing market is in more “distress” than it was three months ago, but the state is still faring much better than most states.   more…

comments (0)
Short-selling shift adds to volatility
Filed under: General, Mortgages
Posted by: Lillian Wong @ 3:50 pm

The past nine months have been a gut-wrenching period for stock-market investors.  more…

comments (0)
Council backs Bidwill project near Loop 101
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:48 pm

The Bidwill family’s first private development, which received approval from the Glendale City Council this week, is a study in contrasts.  more…

comments (0)
Mortgage fraud is a growing problem
Filed under: General, Mortgages
Posted by: Lillian Wong @ 3:42 pm

In my world, mortgage fraud is mortgage fraud. But for fraud investigators, mortgage fraud divides up into two categories: fraud for housing and fraud for profit.  more…

comments (0)
04/12/08
Subprime mortgage crisis spurs wave of related lawsuits
Filed under: General, Business, Mortgages
Posted by: Lillian Wong @ 12:20 pm

The subprime mortgage crisis and housing slump are sparking an increase in lawsuits as foreclosures, bankruptcies and meltdowns from the slowdown mount — especially in hard-hit Arizona, California and Nevadamore…

comments (0)