Archive for July, 2009
Texas Real Estate Investment Firm Buys Former Motorola Campus in Arizona
July 27, 2009
PRESS RELEASES
PHOENIX, Ariz. – Capital Commercial Investments Inc. of Austin, Texas, has acquired the former Motorola campus, a two-story corporate office and research and development facility at 2501 S. Price Road in Chandler.
The 512,000-square-foot building sits on 152 acres between Germann and Queen Creek roads. The property’s acquisition coincides with the City [...]
New Book Offers Look at Historic Phoenix Hotel and its Guests, Some Ghostly
July 22, 2009
PHOENIX, Ariz. – The desk clerk was frantic. It was 4 a.m. and the seven-story Hotel San Carlos suddenly went dark. The electricity was out. No lights, no working elevators and no air conditioning. It was a typical July with triple-digit temperatures.
The hotel clerk grabbed the phone and punched a number. The predawn [...]
Recycling and Other Green Initiatives Saving ‘Green’ at Maricopa County
July 20, 2009
PRESS RELEASE
PHOENIX, Ariz. – More than 300 metric tons of greenhouse gas emissions have been avoided by using biodiesel fuel in Maricopa County’s fleet operations. Well over 360 tons of paper have been recycled this year and even more materials will be diverted from the landfill because of an expanding recyclables program. The [...]
Trading Million-Dollar Homes in Arizona’s Slow Real Estate Market
July 17, 2009
SCOTTSDALE, Ariz. – A unique service in one of Arizona’s luxury residential communities is adding a new option to the state’s on-its-knees real estate market.
The service is centered on the trading of residences within Desert Mountain, the luxury gated golf community at the northernmost end of Scottsdale. Trading homes is a classic [...]
Metro Phoenix Residential Real Estate to Recover Before Commercial
July 15, 2009
PHOENIX, Ariz. – Hints of a rebound in metro Phoenix’s residential market, multiple bids on lower-end homes, and a delayed return in the commercial market are some of the latest opinions of Kurt Rosene, senior vice president of national development at The Alter Group, a national developer based in Chicago.
Rosene recently took time [...]
Registrations Starting for 2009 Susan G. Komen Phoenix Race for the Cure
July 14, 2009
Press Release
PHOENIX, Ariz. – These days, with temperatures in triple digits, it’s hard to think of anything other than how to keep cool, let alone think of doing anything outdoors. But the 2009 Susan G. Komen Phoenix Race for the Cure will be here in just three short months and it’s time to [...]
Arizona Sues Mortgage Loan Modification Company
July 14, 2009
PHOENIX, Ariz. – A mortgage loan modification company in Phoenix, Santoya Financial Co., and its owners, Thomas Montoya and Robert Sanchez, have been accused of deceptive practices by Arizona Attorney General Terry Goddard.
The lawsuit alleges that since March of 2009, Santoya Financial falsely advertised its services as being endorsed and approved by the [...]
Challenging office and industrial markets in metro Phoenix predicted
July 13, 2009
Press Release
PHOENIX, Ariz. – The commercial real estate market in metro Phoenix has been impacted by reduced lending activity, rising unemployment and increased foreclosure rates, according to the second-quarter report from Colliers International.
Following are the report’s highlights:
Office Market
• Overall vacancy is at 21.4 percent, up from 19.9 percent last quarter.
• Overall absorption posted [...]
More Philanthropy in Arizona’s Future, Says Former Flinn Foundation CEO
July 10, 2009
PHOENIX, Ariz. – John Murphy is hardly the hammock champ. He’s into heavy lifting, as in megabucks philanthropic ventures, so don’t expect him to slow down after retiring from 28 years as president and CEO of the Flinn Foundation in Phoenix.
Right now, before he rolls the dice for his next adventure, Murphy [...]
Late ‘09 Recovery Predicted for Metro Phoenix Commercial Real Estate Market
July 9, 2009
PRESS RELEASE
PHOENIX, Ariz. – The commercial real estate market in metropolitan Phoenix continues experiencing the symptoms of a struggling economy, with increasing vacancies in the office, industrial and retail sectors.
But despite the uncertainty in the housing and credit markets, economists at the W.P. Carey School of Business at Arizona State University and the [...]
