real estate Archives

Measuring CityScape’s Impact On Downtown Phoenix

CityScape, a $900 million multi-use project nearing first-phase completion in the heart of Downtown Phoenix, will finally fill the so-called “hole in the doughnut.” Located on a 3-block tract centered at the zero-zero intersection of Central Avenue and Washington Street, CityScape is seen as the catalyst for long-overdue development in the city’s core. Key players… Read More →

First Tower Of CityScape Development To Open Soon

A new 308-foot office tower notches the skyline of Downtown Phoenix. Hunt Construction Group recently topped off the 27-floor, 600,000 SF tower with its attached 3-story, 45,000 SF retail structure and 5-level underground parking garage, which opens in February. When completed, the 1.2 MSF CityScape development will include a second tower featuring a 250-room, 400,000… Read More →

Who To Watch: John Chadwick

John Chadwick President, Southwest Area Pulte Homes John Chadwick knows there have been better days in Arizona’s home-construction industry. Last year was a challenging time for homebuilders and he believes this year will test their mettle, as well. But he’s convinced that builders with sufficient resources will find opportunities as the state’s residential real estate… Read More →

Hit Harder Than The Rest Of The Nation, The Valley’s Economy Is Starting To Show Faint Signs Of Recovery

An End in Sight
by in AZ Business Magazine | Economy | Finance

Don’t dust off that party hat just yet, but there are early signs that the worst recession in the Valley’s history is easing its stranglehold on the economy. To be sure, as fall approaches and the recession’s two-year mark looms in December, Phoenix residents and businesses still struggle with plenty of economic problems. But economists… Read More →

Law Firms Are Altering Their Strategies To Cope With The Recession

Changing Course

The downturn in the economy that is affecting all businesses has not spared law firms. Like all other businesses, law firms have been forced to cope with fewer and thriftier clients. Specifically, law firms have had to deal with sharp reductions in transactional and real estate work, large increases in litigation and bankruptcy matters, and… Read More →

This Isn’t the First Crisis The Valley’s Banking Industry Has Faced

money, cash, hundred dollar bills
by in AZ Business Magazine | Finance

The Valley has come a long way over the past 25 years, and the banking and financial sector is no exception. Challenges, crises and legislation brought about dramatic change that has created a new era in banking and finance. In the mid-80s local banks dominated the sector, while regional and national banks were nonexistent. The… Read More →

Some Of The Troubles Facing The Real Estate Sector Today Ring Familiar

Real Estate - A Changing Landscape

The landscape of the Valley’s real estate market in the mid 1980s was vastly different from today, but, as most developers are painfully aware, many of the challenges are markedly the same. What is different today is the solid foundation that has been built over the past 25 years, which has helped the Valley remain… Read More →

The Wave Of Bank Mergers Has Changed The State’s Financial-Services Landscape

merger

The banking industry has plenty of troubles, but in Arizona, the least of its problems is the aftermath of recent mergers. Bankers and industry observers say the state’s financial-services landscape hasn’t significantly changed because of the consolidations. Other than the usual branch closings and potential employee layoffs, they don’t see a big shakeup looming. One… Read More →

Stabilizing Asset Prices Is Key To An Economic Recovery

money line

The declines in asset prices are sweeping around the globe like a giant tsunami tumbling everything in its wake. Equity prices are down 47 percent from their highs, commodities 53 percent and, of course, residential real estate 25 percent. Industrial production, retail sales and personal consumption expenditures are all showing losses year-over-year and do not… Read More →

Best of the Best Awards 2009: Real Estate Residential

Pulte Homes - Best of the Best 2009 presented by Ranking Arizona
by in Events

Real Estate Residential Honoree: Homebuilders: 12 developments or more Pulte Homes and the Communities of Del Webb Building on a reputation of quality home construction and commitment to superior customer satisfaction, Pulte Homes and the Communities of Del Webb provides customers a home buying, building and living experience second to none. With more than 90… Read More →

CEO Series: Keith Maio President and CEO National Bank of Arizona

Keith Maio President and CEO National Bank of Arizona

Keith Maio President and CEO National Bank of Arizona Assess the current state of the banking industry in Arizona. It looks pretty tough. The economic environment is difficult. What we deal with in Arizona is that we have a real estate-dominant economy, so many of the local banks are heavy in real estate lending. And… Read More →

As Commercial Real Estate Sector Prepares To Be Hit By Recession, Leaders Should Become Proactive

wood beam

The headlines today have focused on the bailout of the banking industry and the housing market’s severe contraction. Not a lot of attention has been paid to the commercial real estate sector. As with all business cycles, there is a flow-through to the various sectors. The fact that we have lost more than 1 million… Read More →

Homebuilders Refining Their Services

by in Blogs

In light of the economy’s condition, homebuilders are refining their services to meet the needs of their customers. The Valley’s housing market continues to ride real estate’s proverbial wave, sometimes enjoying the crest, and right now just trying to survive the trough. While the current down market isn’t good for homebuilders, it is providing homebuyers… Read More →

Real Estate Companies Are Seizing Opportunities During The Bust

buyers market

With dark clouds hanging over the country’s economy and property prices tumbling, many people consider the idea of buying real estate absurd. Yet Valley real estate experts contend right now is the best time to buy. Jeff Pavone, principal of Commercial Plus in Scottsdale, says smart, experienced commercial real estate investors only buy property when… Read More →