Here are the news stories you might find interesting today:
250-room hotel on rise at CityScape site
In recession, sometimes best price is no price
Housing Department budget faces big cuts
Builders, city officials clash over moratorium on development fees
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32-UNIT APARTMENT COMMUNITY SELLS FOR $1.25 MILLION |
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PHOENIX - Fernwood Developments (USA) Ltd. LLC has purchased Stefan II, a 32-unit apartment community located at 15430 N. 25th St. in Phoenix. The partially completed property sold for $1.25 million. The community features three-bedroom units offering washer/dryer connections and a detached two-car garage. |
Scottsdale Quarter Apple Store to open Friday
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Apple Inc. will open its newest retail store in the Scottsdale Quarter on Friday. |
Opus West troubles mount, may file Chapter 11
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Executives at Opus West are considering filing bankruptcy at the same time another of its new developments has fallen into foreclosure. |
Chicanos Por La Causa, MariSol credit unions merge
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Chicanos Por La Causa Federal Credit Union has merged with MariSol Federal Credit Union, as the struggling companies look to turn a profit and avoid rising delinquencies. |
Solar land auction nets two sales, more slated
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The first private land auctions designed to lure companies to purchase land in western Maricopa County netted two sales for roughly $2.6 million, with a third deal potentially in the works. |
Ruling on Coyotes move could come Wednesday
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A U.S. Bankruptcy Court hearing Tuesday ended without a decision on whether the Phoenix Coyotes can be sold to Canadian billionaire Jim Balsillie and moved to Hamilton, Ontario. A decision, however, could come as early as Wednesday. |
Car Dealership Closing Could Hurt Commercial Real Estate Values
As the U.S.'s auto manufacturers continue to restructure and cut costs, car dealership closings are spiking and generating a glut of excess space that might have a prolonged negative impact on the commercial real estate market, investment sales brokers say.
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