Arizona law professor Brent White says the only thing standing between many “underwater” homeowners and a better financial future is a misguided sense that walking away from a loan commitment is morally wrong.
White, an associate professor at
For the first time since the foreclosure crisis began, the price of a Phoenix-area foreclosed home is roughly the same as it was a year ago.
Arizona State University professor Karl Guntermann, who publishes the monthly ASU Repeat Sales Index housing report, said preliminary data for December show the median price for a foreclosed home was down just 2 percent from December 2008. more…
Two of the Valley’s biggest commercial real-estate services firms are going corporate, leaving behind independent ownership in favor of centralized, corporate backing.
Grubb & Ellis, Colliers International and the nation’s other big sellers of office, retail and industrial property said the changes are being driven by the country’s newest commercial-property barons, a handful of companies with names like Bank of America and JPMorgan Chase. more…
A deal that could give nearly $100 million in tax incentives to the
Though the court allowed the deal, its ruling laid out strict new provisions on tax incentives. Those rules could have a deep impact on future tax-incentive deals, which cities have long used to attract new commercial development and the accompanying sales-tax revenues. more…
A group of investors in California is paying close attention to the saga of Elevation Chandler, especially a lawsuit by a man who claims he won the property at a trustee sale for $1 million, a fraction of what the site is worth.
Elevation