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Home Builders Make Grab for Cheap Land

U.S. home builders, long burdened with excess holdings of land, now are shopping for more of it.

Business reaction mixed as cell phone-driving bill fails

Businesspeople and commuters are voicing mixed reactions to the defeat of a state ban on cell phone use and texting while driving.
The Arizona Senate shot down Senate Bill 1433 Monday. The bill would have prohibited cell phone calls without a hands-free device and all texting.
The bill failed 15-to-14. Violations would have carried a $50 fine, [...]

TJX settlement brings money to Arizona

A lawsuit filed against TJX Cos. Inc. by attorneys general in Arizona and 40 other states has been settled for $9.75 million.

Movoto.com debuts Phoenix home listings

Movoto.com is giving another online option for home buyers in Arizona.

This is just another site that scrapes or indexes what is already available? Unfortunately the mashing together of data from multiple sites misrepresents properties. Look at the schools listed on any property and in some cases has multiple middle schools? Can you go to any [...]

Sherman Residential pays $21.5M for Peoria apartments

Sherman Residential of Deerfield, Ill., purchased a fairly new luxury apartment complex in Peoria for $21.5 million.
The 240-unit Alexan Paradise Lane is located at 8092 W. Paradise Lane, adjacent to Peoria Sports Complex. The sales prices equates to about $89,600 per unit.
The sellers are a joint venture of Trammell Crow Residential and Opus West Corp, [...]

Clean water bonds get AAA rating

Arizona Water Infrastructure Finance Authority received a AAA rating for $186 million in 2009 water quality revenue bonds.

NHL expects to announce Coyotes ownership bid by Friday

The National Hockey League hopes to announce an ownership bid for the Phoenix Coyotes by Friday that would keep the financially troubled team in Arizona.

St. Joseph’s President Linda Hunt named to regional post

Linda Hunt, who has served as president of St. Joseph’s Hospital and Medical Center since 1999, is being promoted.

U.S. airlines see major decline in traffic

U.S. airlines saw passenger traffic drop 9.5 percent in May and their revenue dropped another 26 percent compared to April.

World Bank news sends Dow down 200

Stocks on Wall Street continued their slide Monday, with the Dow Jones Industrial Average falling 200 points.