Arizona Real Estate News Access
All the real estate and mortgage news you need to know in Arizona
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06/01/08
Three Valley firms among finalists in contest to renovate strip malls
Filed under: General, Real Estate
Posted by: Lillian Wong @ 8:10 pm

The Flip a Strip contest to reconfigure three aging Valley strip malls into hip new venues is in full swing now that the Scotts­dale Museum of Contemporary Art, the contest sponsor, has chosen the 10 design finalists.  more…

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Rightpath Ltd. Development sues Mortgages Ltd. for fraud in connection with $120 million loan
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 8:09 pm

A high-profile developer has filed suit against a Valley lender alleging fraud in a $120 million loan deal.  more…

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Renting out your vacation home can have tax advantages
Filed under: General, Real Estate
Posted by: Lillian Wong @ 8:00 pm

When you own a vacation home, you come across lots of surprises, both good and bad. Good surprise: finding a nest of bluebirds in a tree outside your back door. Bad surprise: finding a nest of skunks under your porch.  more…

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Meritage Homes says it has staying power
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:56 pm

When home builders gather these days to talk about the state of their industry, all conversations eventually circle back to the one inescapable question: Who among them will survive?  more…

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Mortgage insurers report surge in defaults
Filed under: General, Mortgages
Posted by: Lillian Wong @ 7:52 pm

A major lender’s change in reporting policies helped drive a 71.2 percent annual increase in defaults reported in April by major mortgage insurance companies, but represents a “one-time adjustment” in a market that “is returning to fundamentals,” an industry group said.  more…

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Elevation Chandler has a potential buyer
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:43 pm

Developer Jeff Cline said at a bankruptcy hearing this week he has a potential buyer for Elevation Chandler, his abandoned high-rise next to Chandler Fashion Centermore…

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Family to sell Frank Lloyd Wright-designed home
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:40 pm

It is a rare find, an available Frank Lloyd Wright-designed home in the Valley that has not been compromised by alterations.  more…

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Fairmont dropping ‘Princess’ from name
Filed under: General, Business
Posted by: Lillian Wong @ 7:32 pm

The Fairmont Scottsdale Princess is shedding its royalty roots.  more…

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JPMorgan completes Bear Stearns takeover
Filed under: General, Business, Mortgages
Posted by: Lillian Wong @ 7:29 pm

NEW YORK: JPMorgan Chase said on Saturday it completed its $1.4 billion Bear Stearns takeover, capping the demise of a Wall Street firm that survived the depression and numerous slumps in its 85 years but could not navigate the mortgage crisis.  more…

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Land-use plans by developer Lennar a tough sell in San Francisco
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:25 pm

Lennar Corp., one of the country’s largest home builders, has been suffering for months from slow sales, plummeting prices and other pains from the worst housing crisis in decades. But none of this quite compares to the trials of San Francisco’s land-use approval process.  more…


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Owner of Goodyear’s Estrella buys 3,000 more acres
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:24 pm

Newland Communities, San Diego-based owner of Estrella, has bought 3,000 more acres to expand the master-planned community.  more…

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U.S. home-price index dives 14% in 1st quarter
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:22 pm

NEW YORK - U.S. home prices dropped at the sharpest rate in two decades during the first quarter, a closely watched index showed Tuesday, a somber indication that the housing slump continues to deepen.  more…

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Shaq leases Emmitt Smith’s former PV residence
Filed under: General, Real Estate, Sports
Posted by: Lillian Wong @ 7:20 pm

Thud! Shaq has landed in Paradise Valleymore…

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