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04/18/09
Arizona Center’s future is up in the air
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:14 pm

The bankruptcy of giant mall owner General Growth Properties Inc. could impact high-profile Arizona developments such as the Arizona Center in downtown Phoenix and Park Place mall in Tucson. And, should it dump properties to pay creditors, it also could put downward pressure on already-declining retail property values.  more…

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Project struggles to secure financing
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:08 pm

The shaky economy has forced project leaders to delay the $140 million Fountain Hills Town Square development, a high-profile mixture of condominiums and businesses intended to serve as the centerpiece of the business district.  more…


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Foreclosure auction for W Hotel is postponed
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:04 pm

The planned trustee’s sale for the W Hotel Scottsdale has been postponed a week, a sign the hotel’s feuding developer and bank might still be in negotiations to resolve the matter. The foreclosure auction that was originally scheduled for Wednesday has been moved to April 22, according to the trustee.  more…


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New-Home Sales Rise 4.7%
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:16 pm

Sales of new homes rose in February for the first time in seven months, the Commerce Department reported Wednesday, another sign that the housing market is thawing.  more…


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REO Reality Check – 10 Tips To Get Your REO Offers Accepted And Closed
Filed under: General, Real Estate
Posted by: Lillian Wong @ 12:13 pm

As a broker/manager of a large real estate office (291 licensees as of July 2008) in a city (Las Vegas) that is dealing with 70%+ of monthly closed transactions being short sales and REOs, I’ve written this post with the intention of educating and spreading the word to as many people as possible that there is a stress-free way of accepting the market, adapting and enjoying success.


Avoid the inevitable frustration and stress so many real estate agents and buyers are currently experiencing by educating yourself and your buyers about the REO (Real Estate Owned) buying process! Here are 10 REO tips to help you get your offers accepted and closed: 
more…

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