Archives

Phoenix, AZ - August 6, 2013 - (RealEstateRama) -- This summer, the Office of Mortgage Settlement Oversight released its first report detailing results of their findings around the five largest servicers’ compliance with servicing standards established by the National Mortgage Settlement (NMS). Attorney General Tom Horne is today releasing some of the highlights gathered from the report, specific to Arizona. This report demonstrates the first public step in a monitoring process that will continue for the next several years, providing the public with a new and transparent look into how banks are treating homeowners.

PHOENIX, AZ - July 23, 2013 - (RealEstateRama) -- Over the past three years, the Phoenix industrial market has confi dently climbed its way back to recovery and historical norms in spite of hitting a bump or two. The march has been impressive as the economy began to add jobs favoring industrial users. As larger product became scarce, build-to-suit and then speculative projects took shape. Quarter after quarter, the industrial sector posted gains in most measurements. This quarter, however, leasing activity has hit its lowest level since Q1 2009 and rental rates have remained fl at for over a year

TUCSON - July 12, 2013 - (RealEstateRama) -- U.S. Rep. Ron Barber today welcomed an announcement that homeless and at-risk veterans and their families will benefit from nearly $3.3 million in grants awarded to three Tucson organizations by the U.S. Department of Veterans Affairs.

WASHINGTON, D.C. - July 1, 2013 - (RealEstateRama) -- Rep. Raúl M. Grijalva today introduced the Right to Rent Act of 2013 (H.R. 2580), an updated version of a bill he originally introduced in 2009 to allow families facing foreclosure to remain in their homes as renters by paying fair market value each month

PHOENIX, AZ - June 27, 2013 - (RealEstateRama) -- A local company, Creative Business Resources, Inc., paid $3.1 million, or $110.34 per square foot, for an offi ce building at 1500 E. Bethany Home Rd. in Phoenix for their new corporate headquarters.

WASHINGTON, D.C. - June 20, 2013 - (RealEstateRama) -- U.S. Rep. Ron Barber today completed his first year in office – a year in which he introduced 28 bipartisan pieces of legislation and his staff provided direct assistance to more than 2,500 people in Southern Arizona, recovering more than $11 million for them and saving 60 homes from foreclosure

WASHINGTON, D.C. - June 18, 2013 - (RealEstateRama) -- Today, the U.S. House of Representatives passed legislation, the Mountainaire Relief Bill (H.R. 862), introduced by U.S. Congressman Paul Gosar, D.D.S (R-AZ) and Congresswoman Ann Kirkpatrick (D-AZ), with a vote of 395-1. This legislation settles a federal land boundary dispute by correcting a decades-old surveying error that put part of some people's private property inside the boundaries of the Coconino National Forest

WASHINGTON, DC - June 18, 2013 - (RealEstateRama) -- Today, the House of Representatives passed legislation introduced by U.S. Reps. Ann Kirkpatrick, D-Ariz., and Paul Gosar, R-Ariz., to correct a 40-year-old land-survey error that placed private properties inside the boundaries of U.S. Forest Service property.

Phoenix, AZ - June 14, 2013 - (RealEstateRama) -- Attorney General Tom Horne is today announcing in a press conference millions of dollars of resources to assist struggling homeowners made possible from the settlement reached with banks. The funds to help keep Arizonans in their homes are part of the settlement with the nation's five largest mortgage loan servicers (Ally/GMAC, Bank of America, Citi, JPMorgan Chase, and Wells Fargo), along with the separate settlement with Bank of America.

TUCSON - May 31, 2013 - (RealEstateRama) -- U.S. Rep. Ron Barber will host the 61st Solar Power 101 workshop tomorrow with the Tucson Association of Realtors with a focus on how solar installations affect residential and commercial real estate transactions

Washington, D.C. - May 23, 2013 - (RealEstateRama) -- Rep. Raúl M. Grijalva today called on the Department of Justice, the Federal Housing Finance Agency and other federal entities to prosecute banking fraud, help homeowners facing wrongful foreclosures, and stabilize the economy. Protests in Washington, D.C., yesterday by homeowner activists resulted in several tazing incidents and 17 arrests, leading Grijalva to question why public protests are needed to draw attention to one of the main causes of our weak economy

Reston, Virginia - May 15, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that a three-judge panel of the Arizona Court of Appeals reversed a trial court decision, which granted quiet title, or outright ownership, of an Arizona property to an individual who was granted an interest in the property after paying the delinquent property taxes.

TEMPE, AZ - May 10, 2013 - (RealEstateRama) -- A company formed by JDM Partners LLC acquired the 104,836 SF TSYS building at 8320 S. Hardy Drive in Tempe, AZ for $14,320,000. Price per square foot was $136.59.

TOLLESON, AZ - April 24, 2013 - (RealEstateRama) -- Tolleson Industrial, LLC of Scottsdale purchased fi ve, warehouse buildings totalling, 86,050 SF for $4,484,926. Price per SF was calculated at $52.15. Denver-based Tolleson Commerce Center, LLC was the seller.

Washington, D.C. - April 23, 2013 - (RealEstateRama) -- Rep. Raúl M. Grijalva today highlighted the Department of Transportation announcement of newly available funds for the next round of the TIGER (Transportation Investment Generating Economic Recovery) Discretionary Grant program.

PHOENIX, AZ - April 8, 2013 - (RealEstateRama) -- The Phoenix industrial market continues to forge ahead by posting mostly positive indicators. From vacancy and absorption to construction activity, the industrial sector is riding a strong recovery. One only has to look at the market before the last recession to see similar indicators.

BUCKEYE, AZ - March 19, 2013 - (RealEstateRama) -- The Town of Buckeye has given its approval for Sun State Builders to construct a 450,000 SF industrial building located at the intersection of Apache and Yuma roads.

GILBERT, AZ - March 14, 2013 - (RealEstateRama) -- A Tempe-based company signed a 123-month lease for a 62,413 SF manufacturing facility at 900 N. Fiesta Blvd., in Gilbert. Air Transport Components is consolidating from two facilities totaling 53,000 SF and expanding at the same time. The new facility has excess land to accommodate growth of approximately 30,000 SF in the future. LGE Design Build acquired the property and served as its developer

Phoenix - March 11, 2013 - (RealEstateRama) -- As part of Consumer Protection Week, Arizona Attorney General Tom Horne is offering tips and resources related to home buying, timeshare scams and a consumer’s rights when facing foreclosure.

WASHINGTON, DC - March 6, 2013 - (RealEstateRama) -- Today, President Obama issued a major disaster declaration for the Navajo Nation, releasing federal funds to help the tribe in the aftermath of a devastating freeze in December and January. More than 3,000 homes on the Navajo Nation lost running water because of pipes that froze or broke during consecutive weeks of below-zero nighttime temperatures.