Arizona Real Estate Informer

The Benefits of Buying a Home

Mortgage interest rates are on their way up. Is this any time to be thinking about investing in a home? Of course it is -- if you're buying it for a place to live, not as a speculative investment, and can afford to take the leap. More...

Condo density worries Scottsdale neighbors

Residents in downtown Scottsdale will not be rolling out the welcome mat for their new next-door neighbors. They say their neighborhood is quiet, and the added density of a 100-unit condo complex will create problems with traffic and noise. More...

Firm gets rights to purchase Westgate condos

Shea Commercial struck a deal this week that gives the Scottsdale company the exclusive right to buy for-sale office condominiums at Glendale's Westgate City Center - an amount that could total a half-million square feet over the next five to seven years. More...

Residents want to spend grant to revitalize neighborhood

The North Oregon Street Irregulars, a neighborhood southeast of Arizona Avenue and Knox Road, wants to spend a half-million-dollar neighborhood revitalization grant from Chandler on enforcing housing codes, installing additional speed humps and upgrading parks, sidewalks and alleys.  More...

South Chandler projects in the works

Several projects are in the works for two areas of south Chandler, including two mixed-used developments, a gated townhouse community and a plan for light industrial and office space.  More...

House sales still cooling

Metropolitan Phoenix's new-home market continued its slowdown in June. Demand from buyers continued to wane and builders pulled fewer housing permits again last month. There were 4,842 home-building permits issued Valley-wide in June, down 26 percent from last year's record pace, according to RL Brown's Phoenix Housing Market Letter. More...

Former 'Republic' building bought for $175 million

The former headquarters for The Arizona Republic in downtown Phoenix has sold for $175 million. San Francisco-based Digital Realty Trust Inc. bought the building at 120 E. Van Buren.  More...

Unfinished houses put people in limbo

State and local officials are investigating a months-long work stoppage that has left about 200 unfinished houses in Casa Grande and Maricopa withering in Arizona's summer as home buyers wonder whether they'll ever be able to move in. More...

Higher prices fail to offset drop in orders at Pulte

Pulte Homes Inc., which owns the Phoenix-based Del Webb brand, reported a 20 percent decline in second-quarter profits. Net income fell to $243 million, or 94 cents per share, from $304 million, or $1.15 per share, a year earlier.  More...

Shea teams with Ellman on Westgate offices

Scottsdale-based Shea Commercial, a developer of office condominiums nationwide, has hooked up with The Ellman Cos. to market 90,000 square feet of office lofts at Westgate City Center in Glendale, it was announced Wednesday. More...