Here are the news articles you might find interesting today for commercial real estate and business:
Hilton Garden Inn hotel falls into foreclosure The Hilton Garden Inn in central Phoenix, which largely serves travelers passing through Phoenix Sky Harbor International Airport, has been placed into foreclosure for falling behind on its roughly $25 million loan. Records in the Maricopa County Recorder’s Office show the lender started the foreclosure process Oct. 12 and the hotel, which is near 40th and Van Buren streets, is set to go to auction Jan. 15. View article…
Get Real – Estate, that is: Rose Law Group Reporter’s Top 10 Developments in Arizona Real Estate News Week of Nov. 5 If you’re in the Arizona real estate world, these are the 10 stories you need to know about this week. This is a regular list we will bring you every week to keep you up to date on all the big news in Arizona real estate so you will never be the one in the room who doesn’t know about “it”. Don’t stop here though if you want really want to stay on top of things – check out the other latest news as well! View article…
Cavan ventures face Chapter 11, investor lawsuits Scottsdale developer David Cavan and some of his Arizona real estate ventures are at the center of Chapter 11 bankruptcy filings and lawsuits brought by investors in some of those projects. Cavan is a veteran of Arizona’s real estate industry. His holdings have included commercial property in the Phoenix area and sizable interests in Sedona and Prescott. View article…
Arizona projected to add 60,000 jobs in 2013 The latest projections from the Arizona Department of Administration foresee the state adding 60,900 jobs in 2013, up from the employment forecast released in May. That number of jobs would give Arizona a 2.5 percent growth in employment next year. View article…
Nation Adds 171k Jobs in October; Unemployment Rate Up to 7.9% The nation’s unemployment rate inched up to 7.9 percent in October as the economy added 171,000 jobs, the Bureau of Labor Statistics reported Friday. The labor force – the sum of employed and unemployed – improved in October, causing the bump in the unemployment rate and signaling renewed confidence among those on the sidelines that jobs are available. View article…
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