807 acres of “solar energy zoned” land in Gila Bend likely to be acquired
By Adam Lyons in : News // Jun 30 2010
Solar energy zoned land might be a hot commodity in Arizona
Only 5 days ago Pacific Blue Energy announced a strategic partnership with Patriot Solar Inc. in the development of commercial solar farms in the Southwestern United States. Today, the announcement …(continued)…
Continue ReadingPASSCO Companies LLC has acquired Desert Parks Vista Apartments for $32.6 million
By Adam Lyons in : News // Jun 29 2010
SCOTTSDALE, AZ-After an abbreviated due diligence period and speedy closing, PASSCO Companies LLC has acquired Desert Parks Vista Apartments for $32.6 million, which translates into a sub-6% cap rate.
Goodman says PASSCO has no immediate plans to convert the property. …(continued)…
Continue ReadingArizona home prices increase slightly in June
By Adam Lyons in : News // Jun 29 2010
NEW YORK – Home prices in April rose for the first time in seven months as government tax credits bolstered the housing market. But the rebound may be short-lived now that the incentives have expired.
Last week, the government reported that …(continued)…
Continue ReadingFOMC Votes to Maintain Low Rates for an ‘Extended Period’
By Adam Lyons in : News // Jun 26 2010
The Federal Open Market Committee (FOMC) voted to maintain the target range for the federal funds rate at 0% to 0.25%.
The board’s decision comes on the belief that while there are some signs of economic recovery developing, financial conditions have …(continued)…
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