Arizona Real Estate News Access
All the real estate and mortgage news you need to know in Arizona
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07/05/08
Mixed-use project to change Glendale landscape, make it ‘edge city’
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:35 pm

Taller buildings could change the landscape soon in Glendale, Peoria and Avondale.   more…

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Opinions vary on what Staubach, Jones Lang merger will mean
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:32 pm

The buzz nationally in recent weeks has been the pending merger of commercial brokerage firms The Staubach Co., based in Dallas, and Jones Lang LaSalle Inc., based in Chicago. Finally the deal is done, with JLL shelling out $613 million to acquire the capital stock of Staubach Holdings Inc.   more…

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Builders create incentives to lure home buyers, reduce inventory
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:30 pm

Throughout the Valley, home builders have been giving their marketing executives a mandate: Come up with buyer incentives that increase traffic and reduce inventories of empty homes. The results have been creative, ranging from giving away new cars, to paying homeowner asso­ciation dues, to throwing in a new pool.   more…

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Market sparks increase in investor, lender lawsuits
Filed under: General
Posted by: Lillian Wong @ 3:29 pm

Valley law firms are seeing an uptick in business in the wake of the real estate market bust and souring business deals.   more…

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‘Kierland lifestyle’ remains popular despite market
Filed under: General
Posted by: Lillian Wong @ 3:23 pm

There is no shortage of luxury condominiums on the market these days, but buyers are laying out seven figures for lofty perches in the mid-rise towers at Kierland Commons.  more…

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Legal team, leadership shaken up at Mortgages Ltd.
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:22 pm

Greenberg Traurig will step down as general counsel in Mortgages Ltd.’s bankruptcy proceedings under an agreement the real-estate financier struck with creditors at a court hearing Tuesday.  more…

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Cooley Center mixed-use project delayed by slow economy
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:19 pm

Add the Cooley Center, the heart of Cooley Station in Gilbert, to the growing list of development projects impacted by the slowed economy.  more…

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Wall St. still seeks bottom at midyear
Filed under: General, Business
Posted by: Lillian Wong @ 3:17 pm

It’s halftime on Wall Street, and already it feels like somebody has turned off the stadium lights.  more…

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City purchases more state land for preserve
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:14 pm

Phoenix has purchased another block of mountain-preserve land, spending $22.4 million to pick up more than 800 acres between 19th and 27th avenues, north of Carefree Highwaymore…

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Land by Pinnacle Peak sold
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:10 pm

A developer who won the bid Monday for 17 acres of state trust land near Pinnacle Peak is reportedly interested in a project that would include another nearby Scottsdale landmark.  more…

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Buyers initiative inches on
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:08 pm

A group backed by a labor union on Monday filed more than 260,000 signatures with the Arizona Secretary of State’s Office to put a homeowners’ “bill of rights” initiative before voters in November.  more…

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High-profile projects in limbo
Filed under: General, Business, Real Estate, Mortgages
Posted by: Lillian Wong @ 3:06 pm

A celebrity chef was planning the menus, brides were negotiating room rates and 250 staffers were on the payroll.  more…

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City expected to add 812 acres to preserve
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:04 pm

Another piece of Phoenix’s planned Sonoran Preserve is on the block in a state-land auction scheduled for Monday.   more…

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Lender looks to Robert Sarver’s company
Filed under: General, Business, Mortgages
Posted by: Lillian Wong @ 3:01 pm

Financing from Phoenix Suns majority owner Robert Sarver’s real-estate company could help bankrupt Mortgages Ltd. continue to fund some big-ticket developments and keep running its business.   more…

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Find a mortgage lender you can count on
Filed under: General, Mortgages
Posted by: Lillian Wong @ 2:59 pm

Given all the turmoil in the nation’s mortgage markets, homebuyers must now search widely to find a dependable lender who’s also offering the best available rates.  more…

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Tempe lakeside building is sold
Filed under: General, Real Estate
Posted by: Lillian Wong @ 2:55 pm

New York City-based Sumitomo Corp. of America has bought one of two office buildings at the Hayden Ferry Lakeside development in Tempe for $92.5 million.  more…


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Arizona Grand Villas finds vacation-property niche
Filed under: General, Real Estate
Posted by: Lillian Wong @ 2:53 pm

It could be a scary time to start selling vacation real estate in an economic downturn partly fueled by rising travel costs.  more…

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Investor group key in lender’s bankruptcy
Filed under: General, Business, Mortgages
Posted by: Lillian Wong @ 2:51 pm

Thousands of investors could lose money in the bankruptcy of Mortgages Ltd., and the position of a single creditor largely could determine what assets are left for others.  more…

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Prices, sales of new homes down in May
Filed under: General, Real Estate
Posted by: Lillian Wong @ 2:49 pm

WASHINGTON - Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, underscoring the the nation’s housing woes.  more…

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Fed holding rates steady for now
Filed under: General, Business, Mortgages
Posted by: Lillian Wong @ 2:47 pm

WASHINGTON — With inflation moving higher on its worry list, the Federal Reserve held interest rates steady Wednesday, ending nearly a year of cuts to bolster the economy, and hinted that the next direction for rates could be up.  more…

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