Failed real-estate venture hurt investors (12 News Phoenix)
11 Mar 2010 at 5:34am
Throughout the 1990s, Phoenix-based Right Place Properties had a solid reputation as a boutique developer and real-estate brokerage. It bought low-rent apartment buildings - about one a year - and renovated them with funds from a small pool of private investors.
Failed real-estate venture turns investors into accidental landlords (The Ari...
11 Mar 2010 at 9:53am
Right Place Properties has left behind at least 42 unfinished condo-conversion projects.
Fewer homes enter foreclosure process in February (Los Angeles Times)
11 Mar 2010 at 12:16am
Some experts say the 2% drop from January stems from banks' efforts to keep owners in their homes. The number of homes caught up in some stage of the foreclosure process in February fell 2% from the previous month to 308,524, a real estate firm will report Thursday.
Recent Improvement in CRE Liquidity Welcomed, But Loan Maturities Loom Large ...
10 Mar 2010 at 7:36pm
Commercial real estate lending has tentatively started to flow, but as any building owner will attest, credit isn't easy to obtain and the onslaught of maturing commercial mortgages is chipping away at the confidence of investors. The challenges to...
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