Arizona Real Estate Informer

$15.4 mil lakeshore hits $93.6 mil

With land values around Tempe Town Lake skyrocketing, some longtime owners of nearby land are biding their time. Private property within the 743-acre district that surrounds the lake went from being worth $15.4 million to $93.6 million in the past nine years. More...

Casino stirs traffic worries

Plans to relocate the Gila River Indian Community's Lone Butte Casino to Gilbert Road and Hunt Highway perked the interest of Chandler residents who fret the casino will congest Hunt Highway. "It's going to make the traffic horrendous," said Sun Lakes resident Ginger Gaier. Chandler and Gila River officials met to discuss possible traffic problems the 24-hour casino could create. More...

City campaign targets blight

Blight is a city issue without boundaries - out-of-control weeds, neighbors storing their belongings outside and litter are problems that every neighborhood in Phoenix deals with daily.  The Phoenix Neighborhood Services Department on Wednesday launched a neighborhood clean up to encourage residents to keep their properties free of such blight. More...

For mortgage market, it's prime's time

The meltdown in the subprime mortgage market is making it tough for many potential home buyers to find financing. Home buyers with damaged or thin credit histories may be shut out. But what about people with the best credit? Will the problems in subprime have any impact on how costly or easy it is to get mortgages for so-called prime borrowers? More...

Theaters to open at SanTan Village

A Harkins theater complex opens today at the Santan Freeway and Williams Field Road in Gilbert. The SanTan Village 16 is the first tenant to open in the SanTan Village regional shopping center. On May 18, Harkins is scheduled to open another theater in Chandler. The Chandler Crossroads 12 will be at Crossroads Towne Center, at Gilbert and Germann roads just south of the Santan Freeway. More...

Meadow Valley picks up $14.3 million in west side contracts

In an announcement Thursday, Meadow Valley (NASDAQ:MVCO) said it was awarded an $8.1 million contract by the Arizona Department of Transportation to perform grading and paving and to improve State Route 85 west of Buckeye into a divided highway. More...

Mesa lags in building new parks

When Mesa voters approved a general plan for the city in 2002, they approved, among other things, a grand vision to expand park facilities. Progress in a few areas is on target. In other areas, it is lagging. But on most goals, nothing at all has been accomplished. The reason? No money.

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Owner of 4 acres has idea for arena

Tucson, Arizona | Published: 03.29.2007

Plans for a new Downtown arena have been bottled up for months.

But longtime Downtown property owner Allan Norville released a proposal Wednesday which, at a minimum, may speed things up. Norville, who for years has fought with the city over the 4 acres he owns between the Tucson Convention Center and Interstate 10, is proposing a multimillion-dollar arena, hotel and gem-show exhibition center on his property and adjacent city land. More...

After Arizona's Housing Boom, 'For Sale' Is a Sign of the Times

Until recently, this fast-growing area was a paradise on earth for home builders. Fulton Homes' developments, for example, were so popular last year that it was able to raise prices on its new homes by $1,000 to $10,000 almost every week. ''People were standing in line for lotteries,'' recalled Douglas S. Fulton, president of the company, one of the largest private builders in the Phoenix area. And they were ''camping overnight begging to be the next number in the next lot in the next house.''  More...

Purchase Applications See Slight Gain

The Mortgage Bankers Association (MBA) announced this morning that, applications for mortgage loans dropped 0.2 percent last week compared to the previous week.  More...