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04/11/09
Blandford villas in East Mesa priced to sell
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:34 pm

Less than a year after scores of potential buyers camped out at his east Mesa community for a chance to buy a home, developer Jeff Blandford has nailed another lucrative niche. Early retirees, Baby Boomers and Millennials are the demographic of most of the 35 new-home sales’ contracts written in the past three weeks at his Tuscany Villas at Painted Mountainmore…

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Top Fountain Hills developer files for Chapter 7
Filed under: General, Business, Real Estate
Posted by: Lillian Wong @ 12:32 pm

A prominent developer in Fountain Hills has filed for bankruptcy four months after he was granted approval on a concept plan for a multimillion-dollar downtown project.  more…


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Major project seeks prime Chandler spot
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:29 pm

A mixed-use project of retail, offices and apartments is being proposed for 3.5 acres of prime real estate in downtown Chandler, at the southeastern corner of Arizona Avenue and Chandler Boulevard. Plans call for a four-story building with retail space on the ground floor and offices on the top three floors.  more…

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Pulte-Centex merger would create megabuilder
Filed under: General, Business, Real Estate
Posted by: Lillian Wong @ 12:26 pm

Two major home builders with operations in the Phoenix area hope to ride out the housing downturn by combining forces and cutting costs. Pulte Homes Inc. said Wednesday that it plans to acquire Centex Corp. in a $1.3 billion all-stock transaction that company officials say would make the combined entity the nation’s largest home builder, surpassing current top-seller D.R. Horton Inc.  more…

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Developer’s attorney praises neighborhood for impact
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:23 pm

Feelings remain raw in the Greenway-Tatum neighborhood, a week after Phoenix approved a small shopping development. The development will occupy an L-shaped lot facing both Greenway Road and Tatum Boulevard. The lot has been vacant since before the city grew around it.  more…

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Home builder, Barbosa sue each other over home
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:03 pm

A luxury home builder is suing Leandro Barbosa, alleging the Phoenix Suns guard owes at least $613,908 for work done on an unfinished Mesa home.  more…

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Phoenix Firm helps renters avoid homes in foreclosure
Filed under: General, Real Estate
Posted by: Lillian Wong @ 11:59 am

People checking out homes to rent in the Valley have to do more due diligence these days. Before signing a lease, it’s a good idea to make sure the home isn’t in foreclosure. Real-estate data firm Netvaluecentral has a new service that lets people check the status of Valley rental homes for free.  more…


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Homeowners starting to see mortgage relief
Filed under: General, Mortgages
Posted by: Lillian Wong @ 11:55 am

There are signs that the $75 billion federal housing program announced in February is beginning to help some Valley homeowners. During the past week, housing counselors and mortgage brokers have started to see lenders adjust the interest rates and even principal on loans so borrowers can afford their payments. Foreclosures fell across metro Phoenix in March to their lowest level in a year. At the same time, more than 3,000 pending foreclosures were canceled.  more…

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