For more than two years, the skeleton of the Elevation Chandler project has stood near the Chandler Fashion Mall, a monument of sorts to the late, great real estate market in Phoenix.  Now it looks like Chandler could have another "ghost development" just down the road: [Thanks M!] Construction equipment is off and workers have left what was supposed to be a 21-acre project called Chandler Piazza, a Tuscan-style mall with a hotel, shops, restaurants and offices. The Scottsdale-based owner didn’t return phone calls Wednesday, but those involved in the project, including city officials, said work stalled on the construction…
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Not only are Arizonans having a hard time selling their properties, it seems the State of Arizona can’t unload their property either: The State Land Department has halted almost all land sales "for quite some time," a state official said. The last attempted land sale, for a small parcel in northeast Phoenix on July 9, drew no interest. Several previous sales attracted no bidders, including large parcels in or near the desirable Desert Ridge area of northeast Phoenix. The State Land Department controls almost all undeveloped land in north and northeast Phoenix. It hoped to begin selling land north of…
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M is feeling a bit smug on this one.  He thought sales would be up year-over-year this summer, and it looks like he’s right. Unlike the reports done by Dr. Jay Butler of ASU’s Realty Studies, these figures are based on MLS sales, and do not include trustee sales. [Although Kudos to Butler for now separating those out.] Here’s Doom’s unofficial figures for June, and may vary slightly from official MLS figures: [Thanks M!] ALL MLS Active     52,269 UC            8,313 Sold          5,699    5,439 June ’07   +4.7% YOY ——————————————————————————– ——————————————————————————– ——————————————————————————– QC and Maricopa only:   Active    2,565 UC            807 Sold         …
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