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Store closings will continue to outpace openings and rents will persist in a downward spiral, driving some shopping centers into foreclosure as the Valley's job market continues to shrink.
The housing market is in a state of flux, but East Valley commercial developer Michael Pollack still sees opportunities for investors — if they’re smart and do their homework.
Times may be hard for real estate agents.
When Brent Hammonds left the mental health field to become a real estate agent in 2001, he worried about losing the altruism he felt in helping people work through their troubles.
Trent Powell is a peninsula in what has become a choppier sea in East Valley real estate. He’s stuck among a for sale sign, an unrealistic seller and a leery buyer. In the lucrative game of home sales, he is checkmated. What a difference six months makes. Last summer, the Mesa real estate agent drove with investors through neighborhoods while they snapped up houses in hours or days.
Officials in Gilbert are waiting for appraisals on two dairy farms the town bought in 2009 to determine if the town overpaid for the properties.
The town bought two parcels totaling more than 142 acres for $300,000 per acre. The purchases came as land values were dropping, and real estate experts told The Arizona Republic the prices were well above market.
The appraisal is being done by Tempe appraiser Dennis Lopez and comes after the city completed an administrative audit and an external review of the purchase. The Arizona Republic says the results are expected to be presented to the Town Council later this month.
Mayor John Lewis has said the intent of the appraisal is to address claims that the town paid 10 times what the land was worth.
Trent Powell is a peninsula in what has become a choppier sea in East Valley real estate. He’s stuck among a for sale sign, an unrealistic seller and a leery buyer. In the lucrative game of home sales, he is checkmated.
Canadian real estate photography and appraisal firm Zaio Corp. is moving its U.S. headquarters from Tempe to Pima Center, the 1,000,000-square-foot commercial office complex at Via de Ventura and Loop 101 on Salt River Pima-Maricopa Indian Community land. Pima Center carries a Scottsdale address, despite its location just east of the city border.
Lawmakers on Monday took action to make sure that Arizonans will be able to receive free estimates of their value of their homes.
A new report suggests there are too many Arizonans chasing too few affordable homes in the state.
Mesa Councilman Alex Finter is criticizing how the city conducted a public meeting about a police substation after he had questioned whether the city is spending too much for it.
Higley school officials didn’t hit the state’s pocketbook hard — they socked it.
Chandler is preparing to acquire more than a dozen downtown properties to make way for a new City Hall. The City Council last week unanimously authorized city staff to begin the appraisal process on 19 land parcels from nine different owners.
Chandler is preparing to acquire more than a dozen downtown properties to make way for a new City Hall. The City Council last week unanimously authorized city staff to begin the appraisal process on 19 land parcels from nine different owners.
In a brutally competitive housing market, real estate agents and builders have been clamoring to find the next great marketing tool to draw in buyers.
Having trouble selling your house? The Arizona State Land Department feels your pain. Like homeowners forced to drop their asking prices in a cooling real estate market, state officials know they must settle for less when 1,276 acres of desert in Fountain Hills goes up for auction next year.
NEW YORK - On a cold, damp February morning, a car with two members of Freddie Mac’s special fraud investigation unit pulled up to 2175 Martin Luther King Blvd. in Atlanta.
The W.P. Carey School of Business at Arizona State University is offering three new degree options, with classes starting this week. All focus on timely fields: public service, real estate and information technology.
Closing the deal on a house just got more complicated. Lenders have labeled much of the Valley as a “declining market” — forcing home buyers wanting to purchase in certain areas to fork over another 5 percent in down-payment cash.
A dwindling housing market and limits on wastewater treatment are pressuring the Arizona Land Department to re-evaluate the appraisal of 1,276 acres of state trust land recently annexed by Fountain Hills.
A dwindling housing market and limits on wastewater treatment are pressuring the Arizona Land Department to re-evaluate the appraisal of 1,276 acres of state trust land recently annexed by Fountain Hills.
Former Gilbert Mayor Steve Berman was in court this week to argue his case against the Maricopa County Assessor's Office over the appraisal value of his Gilbert home.
Federal indictments charging 38 people with taking part in various mortgage fraud schemes have been handed up in Arizona this month.
Critics of Proposition 106 say voters should reject the ballot measure, also known as Conserving Arizona’s Future, because it would create a financial burden on the state during an economic slump.
Scottsdale is poised to pay additional millions of dollars buying high-priced land to help the city keep such lucrative events as the FBR Open golf tournament and the Barrett-Jackson Classic Car Auction. The properties have a combined appraised value of more than $36 million.
By Mark Scarp, contributing columnist
By Jerry Brown, contributing columnist
Guest Commentary by Bill Richardson
Guest Commentary by Shawn Thiele
By Mark Heller, Tribune
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