scottsdale: Meritage Homes swings to loss in 4Q
- 02/03/11 12:37 PM
Meritage Homes Corp. said Wednesday it swung to a loss in the fourth quarter versus the prior-year period, when the homebuilder benefited from a hefty tax benefit. The Scottsdale, Ariz., builder saw contracts on new homes rise 15 percent, but completed home sales fell 30 percent, contributing to a 25 percent drop in revenue. Meritage Chairman and CEO Steven Hilton noted that the builder closed the year with 29 percent fewer orders in backlog, which will make it more challenging for the company to turn a profit in the first quarter. "Even so, we expect to be more profitable in 2011 … (0 comments)
scottsdale: 4 tied for lead in chilly Phoenix Open
- 02/03/11 12:34 PM
(AP) SCOTTSDALE, Ariz. (AP) - Bill Haas, Jason Bohn, Tom Gillis and Champions Tour player Tom Lehman shot 6-under 65s in chilly conditions Thursday to share the lead in the suspended first round of the Phoenix Open. The start of play was delayed four hours because of heavy frost at TPC Scottsdale and only the scheduled morning starters completed the round. The temperature dipped into the mid 20s overnight and it was 39 when play started at 11:40 a.m. The high was 47 on a cloudless day in the desert. Another frost delay was expected Friday, likely forcing most of the … (0 comments)
scottsdale: Biltmore Owners File Bankruptcy
- 02/03/11 12:13 PM
In a strategic move by its new ownership group to get a fresh financial start, the Arizona Biltmore, one of Phoenix's oldest and most iconic resorts, has gone into bankruptcy. The resort's business will continue as usual during peak tourism season despite the filing, according to CNL-AB LLC, which is made up of investors from Paulson & Co. Inc. and Winthrop Realty Trust. The announcement that CNL-AB was filing for Chapter 11 reorganization came only days after CNL-AB assumed ownership of the property at a Jan. 28 foreclosure auction. Read more: http://www.azcentral.com/business/articles/2011/02/03/20110203biltmore-owners-file-bankruptcy.html#ixzz1CwqyVNsv
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scottsdale: Paradise Valley, Scottsdale officials play waiting game on water company sale
- 02/03/11 12:10 PM
The recent sale of a water company that serves parts of Paradise Valley and Scottsdale has left area officials waiting to see how the acquisition unfolds. Last week, Edmonton, Alberta-based Epcor Water Services Inc. agreed to buy Arizona American Water for $470 million. The company's Paradise Valley Water District serves about 3,500 customers in Paradise Valley and 1,500 in Scottsdale. Paradise Valley Town Councilwoman Pam Kirby, who chairs of the town's Water Utility Committee, said the sale has yet to unfold. Read more: http://www.azcentral.com/community/nephoenix/articles/2011/02/02/20110202paradise-valley-scottsdale-waiting-game-water-company-sale.html#ixzz1CwpnAYqs www.davidesmith.us
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scottsdale: Mortgage Rates Hold Steady
- 02/03/11 11:56 AM
Long-term and short-term mortgage rates held steady this week as economic reports continue to point to a gradual recovery. A 30-year fixed-rate mortgage averaged 4.81 percent in the week ending Feb. 3, up from 4.8 percent last week, according to Freddie Mac's weekly rate report. A 15-year fix averaged 4.08 percent, down from 4.09 percent, and a one-year adjustable rate mortgage was unchanged this week, at an average of 3.26 percent. "Mortgage rates held relatively stable this week on news that the economy improved and inflation remained in check at the end of 2010," says Freddie Mac (OTC BB: FOMC) chief … (0 comments)
scottsdale: Scottsdale Healthcare opens military unit
- 01/24/11 12:31 AM
Arizona Gov. Jan Brewer applauded Scottsdale Healthcare's new $1.6 million military training center during its grand opening dedication Jan. 19. The 7,500-square-foot Scottsdale Healthcare Military Training Center features high-tech human simulators that bleed and imitate battlefield trauma injuries to provide hands-on training to military medical personnel. The facility also will be used for training local paramedics and firefighters, as well as the health system's staff. Read more: http://www.bizjournals.com/phoenix/news/2011/01/20/scottsdale-healthcare-military-center.html
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scottsdale: Arizona, Rockies moving into swanky spring digs
- 01/24/11 12:26 AM
SCOTTSDALE, Ariz. - The Arizona Diamondbacks and Colorado Rockies have said adios to Tucson and are ready to move into a state-of-the-art spring training facility in Scottsdale. Finishing touches are being made at Salt River Fields, a complex that features a stadium with 7,000 seats and capacity for another 4,000 on lawns beyond the fences in left and right field. In addition, the Diamondbacks and Rockies each have six practice fields. Arizona has one with the exact dimensions of Chase Field in Phoenix and Colorado has one that matches Coors Field in Denver. http://www.usatoday.com/sports/baseball/nl/2011-01-18-3833175576_x.htm
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scottsdale: Record price set for Ferrari FXX at Scottsdale auction
- 01/24/11 12:18 AM
More than $2 million for a five-year-old Ferrari? It was an auction world record, says the auction house that sold it in Scottsdale, Ariz., over the weekend. The 2006 Ferrari FXX Evoluzione went for $2.1 million in bidding at the Gooding and Co. auction. The single sale was among $14.2 million in sales on Friday. http://content.usatoday.com/communities/driveon/post/2011/01/record-price-set-for-ferrari-fxx-at-scottsdale-auction/1
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scottsdale: 1993 Jaguar XJ220 heads for Scottsdale auction
- 12/09/10 04:35 AM
Come Jan. 19-23, 2011, a 1993 Jaguar XJ220 will be available at the Russo and Steele Collector Automobile Auction in Scottsdale, Ariz. More Here: http://www.autoweek.com/article/20101209/CARNEWS/312099999
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scottsdale: Phoenix #2 in Job Gains for Major Markets!!!!!!!!!
- 12/07/10 09:00 AM
52 major markets post job gains; Phoenix ranks No. 2 More than half of the nation's 100 major markets -- Phoenix among them -- are rebounding economically, according to new figures from the U.S. Bureau of Labor Statistics. Read more: http://www.bizjournals.com/phoenix/news/2010/12/06/52-major-markets-post-job-gains.html … (0 comments)
Meritage Homes Corp. said Wednesday it swung to a loss in the fourth quarter versus the prior-year period, when the homebuilder benefited from a hefty tax benefit.
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