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Western States Lodging brings senior living community to Scottsdale

Posted by   /  January 23, 2018  /  Real Estate  /  No Comments

AZRE Building its senior living portfolio, Western States Lodging broke ground recently on its third community in the Phoenix metropolitan area with Legacy Village of Salt River, located at Pima Center. “Senior living communities today have so much to offer” said Cole Smith of Western States Lodging and Management. “We’re not only accommodating the needs of couples […]

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Supreme Court considers a raucous party and an endangered frog; Jordan Rose, president and founder of Rose Law Group, gauges the potential impact for Arizona landowners

Posted by   /  January 23, 2018  /  Featured News, Real Estate  /  No Comments

By Adam Liptak | The New York Times The Supreme Court ruled on Monday that District of Columbia police were entitled to arrest late-night partygoers in a vacant house engaged in what Justice Clarence Thomas called, in announcing the decision from the bench, “utter Bacchanalia.” The court also agreed to hear a case on the […]

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Scottsdale developer Fred Unger dies after battle with cancer

Posted by   /  January 23, 2018  /  Real Estate  /  No Comments

By Yihyun Jeong | The Republic Scottsdale developer Fred Unger died Saturday after a seven-year battle with cancer, his family confirmed. The 69-year-old founder and president of Scottsdale-based Spring Creek Development was responsible for many of the city’s landmark projects including the Royal Palms Resort, the Hermosa Inn and the canal Waterfront downtown. “His long battle with cancer […]

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After shutdown scare, a return to worry over affordability

Posted by   /  January 23, 2018  /  Real Estate  /  No Comments

Attractive monthly payments–a long-time lever based on low, low mortgage rates–start to get more daunting as interest rates inch upward. By John McManus | Builder For a few weeks to come, anyway, the needle of builder anxiety over whether a potential buyer can get approved, processed, and financed for an FHA or VA-backed mortgage will […]

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PhoenixMart purchases air-conditioning units from China

Posted by   /  January 23, 2018  /  Real Estate  /  No Comments

Casa Grande Dispatch PhoenixMart has inked a deal for 1,200 air-conditioning units. AZ Sourcing, the parent company of PhoenixMart, the 1.5 million-square-foot warehouse center in Casa Grande, has agreed to purchase the units from Gree Electric, a manufacturer in Zhuhai, Guangdong Province, China. PhoenixMart spokesman Troy Corder confirmed the purchase to PinalCentral. He said the […]

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City of Maricopa offers to trade penalty for ‘accurate’ financial disclosures from anti-Apex group

Posted by   /  January 23, 2018  /  Real Estate  /  No Comments

Disclosure: Rose Law Group represents Apex Motor Club  By Mason Callejas | InMaricopa City officials are alleging a political action committee formed in opposition to a planned private motorsports complex in Maricopa violated Arizona campaign finance laws by failing to disclose donors, an inaction that could cost the organization nearly $13,000 in penalties. In a Notice […]

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Kingman Airport Authority increases legal fee expenses in fight against City

Posted by   /  January 23, 2018  /  Real Estate  /  No Comments

By Hubble Ray Smith | The Daily Miner Kingman Airport Authority raised the stakes by $100,000 in its legal battle against the City’s condemnation filing to take back control of the airport and industrial park. KAA’s board of directors voted Thursday to increase the expenditure for legal fees to retain its outside lawyer, Andrew Federhar […]

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Toll is Fortune’s most admired home builder for 4th year

Posted by   /  January 23, 2018  /  Real Estate  /  No Comments

In addition to receiving the top ranking overall, Toll Brothers ranked #1 in several other categories. Builder For the fourth consecutive year, Toll Brothers, Inc. (NYSE:TOL), Horsham, Pa., has been named the “Most Admired Home Building Company” in Fortune magazine’s survey of the World’s Most Admired Companies. The 2018 survey, which involved companies across more than 50 […]

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Phoenix real estate in December: Sales up slightly, inventory down 13% YoY

Posted by   /  January 23, 2018  /  Real Estate  /  No Comments

By Bill McBride | Calculated Risk This is a key housing market to follow since Phoenix saw a large bubble/bust followed by strong investor buying. The Arizona Regional Multiple Listing Service (ARMLS) reports (table below): 1) Overall sales in December were up 0.7% year-over-year (including homes, condos and manufactured homes). READ ON:

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Some glitches, but retail closures are largely bypassing East Valley

Posted by   /  January 23, 2018  /  Real Estate  /  No Comments

By Wayne Schutsky | East Valley Tribune While much of the country is dealing with the fallout of closures by major retail chains, the East Valley is experiencing largely positive trends in the sector. But the region is not totally isolated from the closures as Walmart announced two weeks ago that it will shutter a […]

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