Monthly Archives: March 2012

Luxury Apartment Complex Planned for Chandler

Phoenix Business Journal by Jan Buchholz Butte Cos., which built the Landmark at Kierland luxury condos, is investing $35 million in a 10-acre mixed use project proposed in Chandler. The Scottsdale-based developer will build 222 luxury apartment units on McClintock … Continue reading

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SBA Considering Changes to 504 Loan Program

Phoenix Business Journal by Lynn Ducey Small business owners here in Phoenix are keeping their eyes and ears on Washington. That’s because recently, members of the House Committee on Small Business discussed the value of some of the Small Business Administration loan programs, including … Continue reading

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Phoenix Home Foreclosure Rate Moving Lower

Jan Buchholz Reporter – Phoenix Business Journal   CoreLogic reports that foreclosure activity in the Phoenix metro area dropped in December as compared with December 2010. The rate of foreclosures among outstanding mortgages was 2.91 percent in December 2011. That … Continue reading

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One-fifth of Phoenix Employers Planning to Hire Soon

One-fifth of the employers in Phoenix area expect to hire in the second quarter of 2012, according to the latest Outlook Survey. The same percentage of employers also planned to hire this quarter, while 17 percent of employers around Phoenix … Continue reading

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Downtown Phoenix to get More Apartments

by Emily Gersema  The Republic | azcentral.com   Crews are prepping a downtown Phoenix property to lay the foundation for 325 apartments that a Scottsdale-based developer anticipates will house a number of college students after it is finished in 2013. Executives … Continue reading

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Rise in Phoenix Housing Shows Path for Other Cities

By NICK TIMIRAOS   PHOENIX—As home prices continue to drop in most cities, a nascent real-estate rebound here holds lessons for the rest of the country. This sprawling desert metropolis was one of the hardest hit housing markets during the bust.Phoenixhome … Continue reading

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Economy Watch: Americans Hit the Stores in February

By Dees Stribling, Contributing Editor Retailers had a good month in February as Americans were out shopping in force, driving total retail sales up 1.1 percent, which was the highest uptick in five months, according to the U.S. Department of … Continue reading

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