Recent News & Blog Entries


Commercial Executive Magazine - A View From The Top With Nate Nathan 2012

Monday, October 20, 2014

By Christina Estes

Commercial Executive Magazine

To understand how Nate Nathan's passion began, you need to go back to December 27, 1971, When the first Fiesta Bowl played in Tempe. As the Sun Devils...

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Phoenix a Top Destination for Job-seekers

Monday, October 20, 2014

Tim Gallen
Phoenix Business Journal

If you’re looking for a job, Phoenix is one of the best places to be, according to new research from Arizona State University.

The Phoenix metropolitan area was fourth in the nation among large cities for job growth from July 2011 to July 2012.

 

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Arizona Ranks 4th in Job Growth

Monday, October 20, 2014

Ryan Randazzo
Arizona Republic

Arizona's economy might have a sluggish feel to it these days, but it's doing better than most of the country, according to a report released Thursday by Arizona State University.

Arizona ranked No. 4 in job growth in the past year, from July 2011 to July 2012. Phoenix tied for the fourth-highest growth among metro areas, according to the ASU analysis of data from the U.S. Bureau of Labor Statistics.

 

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Arizona Is Coming Back

Monday, October 20, 2014

Economics Group
Wells Fargo

There is a growing consensus that the U.S. housing market is finally on the mend, and Arizona seems to be at the epicenter of this recovery just as it was at the downfall. Even with housing improving, however, all is not rosy for the Arizona economic recovery. As is the case across most of the United States, the nascent boom in the U.S. housing market appears to be driven by cash purchases rather than by traditional mortgage loans. Arizona is hardly alone.

 

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Hovnanian Buys Housing Lots In Phoenix For $31.5 Million

Monday, October 20, 2014

John Gittelsohn
Bloomberg 

Hovnanian Enterprises Inc. (HOV), New Jersey's largest homebuilder, bought 490 lots near Phoenix for $31.5 million, a sign of the new-home revival in one of the U.S. markets hit hardest by the housing collapse.

Hovnanian closed the purchase on the finished and unfinished lots in two tracts northwest of Phoenix yesterday, according to Mark Weber, Arizona division president of the Red Bank, New Jersey-based company.

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7 Builders Commit to Mesa's Eastmark

Monday, October 20, 2014

Catherine Reagor
The Republic 

Builders are spending $50 million to buy the first home lots in Mesa's Eastmark, the former location of the GM Proving Grounds. It's the first major multiple-builder land purchase in a new metro Phoenix community in five years.

Houses on the 709 lots bought by seven builders will be for sale to customers early next year.

At the height of the housing boom in 2006, developer Scottsdale-based DMB paid $260 million for its 3,200 acres of the site, where GM raced Corvettes and tested other cars for decades. But, it was clear by the end of 2007 that the housing market was heading for a serious downturn.

 

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