WASHINGTON — It could take weeks, or even months, to see whether the $700 billion financial rescue package enacted Oct. 3 gets credit flowing again on Main Street. more…
Today’s commercial real estate lending landscape is a bit like negotiating obstacles such as distortion mirrors, clattering stairways and trapdoors in an amusement park funhouse. There’s no telling what surprise is just around the corner, or if an exit sign will lead to a safer place. more…
A downturn in the condominium market has one Scottsdale developer considering his options for a downtown project along the
With a single vacant lot left, the Chauncey Ranch development is nearly finished. more…
Wells Fargo emerged the victor in the battle for Wachovia after Citi was left at the altar. The union of Wells Fargo and Wachovia will create the country’s third-largest coast-to-coast banking behemoth. But the deal still faces obstacles before it can be finalized. more…
This year has been a difficult one for Trend Homes, but in some ways the Chandler-based home builder has been fortunate. more…
Three investors in Radical Bunny LLC, an obscure Phoenix firm that lent almost $200 million to local construction financier Mortgages Ltd., are trying to force Radical Bunny into bankruptcy. more…
What a difference a year makes. A year ago today, the Dow Jones industrial average reached its highest level ever: 14,164.53 points. more…
The Valley’s most expensive apartments, Grigio Contemporary Apartment Living, on the north
BOSTON: Why is the commercial paper market so pivotal to easing the credit crunch that the Federal Reserve announced Tuesday it will intervene to prop up the market? The Associated Press offers some insight based on interviews with experts: more…
Lackluster job growth, a persistent housing slump and tight credit have put the brakes on commercial leasing activity in the Valley. more…
Bank of America has agreed to rework the terms of up to 400,000 distressed mortgages nationwide starting Dec. 1 to settle lawsuits and investigations pending against one of its subsidiaries. more…
European governments from
The credit crisis, which has made loans more difficult to obtain, has had a dramatic effect on the sale of pools in the Valley, putting companies out of business and leaving others scrambling to diversify. more…