by LRA Real Estate Group | Feb 12, 2011
by Megan Neighbor – Feb. 11, 2011 The Arizona Republic A new ownership group targeting a higher-end customer and the arts community plans to begin a $15 million to $20 million renovation of Central Phoenix’s Lexington Hotel by midsummer. Among the myriad...
by LRA Real Estate Group | Feb 8, 2011
by Edward Gately – Feb. 5, 2011 The Arizona Republic Gray Development Group’s scaled-down proposal for its Blue Sky luxury apartment complex east of Scottsdale Fashion Square cleared the first of three hurdles Thursday with a unanimous favorable...
by LRA Real Estate Group | Feb 8, 2011
Phoenix Business Journal February 7, 2011 Weidner Apartment Homes, a major new player in the local multifamily market, has purchased a large apartment complex, the Peaks at Papago Park. Weidner paid $46 million for the 768-unit complex located at 815 N. 52nd St. in...
by LRA Real Estate Group | Feb 8, 2011
S MITRA KALITA Wall Street Journal Bargain Hunting Boosts Prices in Depressed Cities Buyers in markets around the U.S. are snapping up homes in all-cash deals, betting that prices are at or near bottom and breathing life into some of the nation’s most battered...
by LRA Real Estate Group | Feb 6, 2011
Max Jarman – Feb. 5, 2011 The Arizona Republic The recent string of below-freezing nighttime lows in the Valley has caused pipes to burst, irrigation systems to malfunction, water heaters to fail and furnaces to blow cold air. The uncharacteristically cold...
by LRA Real Estate Group | Feb 5, 2011
Short Sale vs. Keep the Property? You decide! February 5, 2011 Bryan Watkins You have probably read articles from time to time of a person owning an investment home, and trying to decide whether to keep it or short sale the property. Well, here is a real example. You...
by LRA Real Estate Group | Feb 4, 2011
REAL ESTATE by AnnaMaria Andriotis, Wall Street Journal Once every homeowner’s answer to a cash shortfall, the ability to borrow against your home equity all but disappeared a few years ago right along with, well, home equity. But now, at a growing number of...
by LRA Real Estate Group | Feb 3, 2011
Dictionary of Finance and Investment Terms A limited partnership is an organization made up of a general partner , who manages a project, and limited partners, who invest money but have limited liability, are not involved in day-to-day management, and usually cannot...
by LRA Real Estate Group | Feb 3, 2011
From Wikipedia, the free encyclopedia Nonrecourse debt or a nonrecourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. If the borrower defaults, the lender/issuer...
by LRA Real Estate Group | Feb 3, 2011
Jan. 31, 2011 Associated Press Arizona Republic WASHINGTON – A leading Republican lawmaker is asking regulators to explain why taxpayers have spent more than $160 million in legal fees to defend the giant mortgage companies Fannie Mae and Freddie Mac and their...
