Former Phoenix Mayor Paul Johnson is putting together a $500 million real estate equity asset management fund and wooing U.S. and foreign institutional investors. more…
Efforts to crack down on bad real-estate deals and illegal mortgage activities continue in Arizona. more…
For years Arizona’s “hard-money” real-estate lenders have operated in relative obscurity, quietly raising billions of dollars from investors to fund thousands of developments across the state. more…
Since the first quarter of 2007, more than two-thirds of condominium-conversion projects in
Law firm Greenberg Traurig, whose involvement in Mortgages Ltd.’s bankruptcy has been a lightning rod since the start of the case, can serve as special counsel for the real-estate lender, Judge Randolph Haines has decided. more…
Environmentalists said Friday that they would fight Secretary of State Jan Brewer’s decision to throw a state-trust-land reform initiative off the ballot. more…
A land-investment firm founded in 2005 by the president of Scottsdale home builder Elite Homes Inc. has filed for bankruptcy protection, adding its name to a growing list of housing-industry businesses unable to pay their creditors. more…
Vacancies in Phoenix shopping centers are common but changes in the economy, shopping patterns and retail practices may be hitting the retail market in unexpected ways. more…
WASHINGTON - A government order expires Tuesday that temporarily banned a certain kind of short-selling of the stocks of mortgage finance companies Fannie Mae and Freddie Mac and 17 large investment banks. more…
With more homeowners losing their homes to foreclosure, and home sales slowing the rental market has been flooded with potential tenants. But what could have been a boon for apartment complexes never has materialized. more…
A downtown redevelopment project that would replace 70 apartments with nearly 100 condominiums is stalled on the launching pad. more…
A continued decline in median-home prices drove second-quarter home-resale transactions up 40 percent in
Bankrupt real-estate lender Mortgages Ltd. plans to begin foreclosing on properties being developed by two of its largest borrowers. more…
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