Arizona Real Estate News Access
All the real estate and mortgage news you need to know in Arizona
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05/03/08
Homeowners turning to house swapping when they can’t sell
Filed under: General, Real Estate
Posted by: Lillian Wong @ 8:30 pm

Michele Broach wants to trade her Phoenix brownstone near 32nd Street and Thomas Road for a single-family home with a yard.   more…

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Fed cuts rates again and hints at pause
Filed under: General, Mortgages
Posted by: Lillian Wong @ 8:28 pm

NEW YORK (CNNMoney.com) — The Federal Reserve cut its key interest rate by a quarter percentage point Wednesday, but the central bank’s statement signaled it may be the last rate cut for at least a while.  more…

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Fed joins Europe in credit battle
Filed under: General
Posted by: Lillian Wong @ 8:26 pm

WASHINGTON (AP) — The Federal Reserve announced Friday that it will expand a series of efforts to deal with the global credit crisis, in coordination with European central banks.  more…

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West Valley commercial space continues growth
Filed under: General, Real Estate
Posted by: Lillian Wong @ 8:20 pm

Increased cargo traffic on Interstate 10 and the BNSF Railway tracks mean 24 million square feet of new commercial and warehouse space could be built in the West Valley by 2010, according to a report by the brokerage firm Colliers International.  more…

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Fed crackdown on credit-card industry looms
Filed under: General, Business
Posted by: Lillian Wong @ 8:17 pm

WASHINGTON - The Federal Reserve Board moved Friday to place new regulations on the nation’s credit-card industry that would make it more difficult for lenders to raise interest rates and would give consumers more time to pay their bills.  more…

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Dial’s new HQ set to open in November
Filed under: General, Real Estate
Posted by: Lillian Wong @ 8:01 pm

Tromping around the state trust land that Westcor acquired earlier this week for $99 million, it takes imagination to envision mid-rise hotels, condos and the Palisene shopping center on this site northwest of Loop 101 and Scottsdale Roadmore…

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Westcor buys Palisene site for $32 million
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:59 pm

Westcor and several partners purchased the 112-acre Palisene site at auction today.  more…

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Financial planners take stock of homeownership as an investment
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:50 pm

WASHINGTON - Jason Gerbsman and his wife, Lauren, began thinking about buying a home just as the housing market began to slump two years ago.  more…

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Council OKs mixed-use development
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:35 pm

Glendale City Council members’ skepticism over small lot sizes in a proposed mixed-use development apparently was overridden by the project’s benefits.  more…

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South Bank breaks ground
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:33 pm

A mayor, a developer and an architect each looked at the massive development called South Bank that broke ground last week, and each had a slightly different vision.  more…

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Home prices plummet at record pace
Filed under: General
Posted by: Lillian Wong @ 7:26 pm

NEW YORK - In a bad omen for sellers and lenders this spring home-selling season, the erosion of house values is accelerating and foreclosure filings are doubling, new data showed Tuesday.  more…

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Stimulus checks on the way
Filed under: General, Business
Posted by: Lillian Wong @ 7:13 pm

It’s in the mail - or rather, cyberspace. Arizona’s listless economy is getting a caffeine jolt with the first of the special economic-stimulus payments now in the pipeline.  more…

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Scottsdale’s Meritage posts $45.3 mil loss
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:09 pm

Meritage Homes Corp., a U.S. builder that sells most of its homes in Texas, Arizona and California, reported a first-quarter loss as the housing slump forced the company to write down property values.  more…

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Peoria extends deadline for $9.8 million mall deal
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:06 pm

Peoria is giving a developer more time to complete Park West, a shopping and entertainment outdoor mall at Northern Avenue and Loop 101.  more…

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Future of state-land auctions is in doubt
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:00 pm

The success or failure of two northeast Phoenix land auctions Wednesday will help dictate future sales and development in the area.  more…

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Revamped Borgata aims to be ‘more inviting’
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:49 pm

With a faded turquoise-colored street sign pointing to places such as “Giotto Cortile” and “Via Montenapalone,” it’s easy to forget you’re sitting in the middle of a bustling city and not in a small Italian Villagemore…

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New hotel banking on vintage vibe
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:48 pm

In the old days, high rollers stockpiled their money at Valley National Bank in downtown Phoenixmore…

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More homeowners mailing keys to lenders
Filed under: General, Mortgages
Posted by: Lillian Wong @ 6:48 pm

Instead of mailing in their monthly mortgage payment, a growing number of homeowners are sending lenders their keys.  more…

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Masters of distress
Filed under: General, Business
Posted by: Lillian Wong @ 6:47 pm

“WE ARE not good at firing people,” confides the boss of a big private-equity firm. “But we are going to have to learn to be ruthless in wielding the axe, like the investment banks have always been.”  more…

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Luxury apartment builder Mark-Taylor stakes future on overlooked urban lots
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:45 pm

One of the Valley’s veteran developers of luxury apartment communities is altering its strategy by picking urban infill sites that might be overlooked by others.  more…

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