Here are the news stories you might find interesting today:
When real estate executives talk about the potential deluge of apartment properties that could end up falling into financial distress, they often refer to the days of the Resolution Trust Corp. (RTC). But is that an accurate comparison?
Elevation Chandler Death Knell Sounds
|CHANDLER, AZ-A recent trustee sale for the half-completed hotel/condo asset attracted no buyers, leaving mortgage holder Point Center Financial as the likely owner.|
Fed scales back emergency lending programs
|WASHINGTON — The Federal Reserve took the first step Thursday toward winding down the numerous emergency lending programs it launched last fall at the height of the financial crisis.|
Home construction permits on the rise
|Residential construction in Gilbert is seeing modest gains from last month.|
Developer eyes vacant Mesa industrial land
|A large swath of land in east Mesa designated for industrial use that has sat vacant for years could become the next home of several businesses.|
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