Almost a dozen giant warehouses sit silent and empty in Phoenix, relics of the city's dashed dream to become a national distribution hub.

Some banks are starting to bypass foreclosure on large, troubled real-estate developments and instead are throwing the properties into receivership.

Developers battling banks to keep funding spigots open on construction projects are taking heart from Citgroup's defeat in its court battle with a mall.

The SEC sued four individuals for alleged fraud in connection with raising over $197 million from at least 900 investors nationwide in connection with a Phoenix-based commercial real-estate venture.

Vornado plans to raise up to $600 million, in a key test of TALF's ability to revive the market for commercial mortgage-backed securities.

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Foreclosures Rise 15% In First Half of Year
The number of U.S. households on the verge of losing their homes soared by nearly 15 percent in the first half of the year as more people lost their jobs and were unable to pay their monthly mortgage bills.

The mushrooming foreclosure crisis affected more than 1.5 million homes in the first six months of the year, according to a report released Thursday by foreclosure listing service Tap into millions of public records, notices and articles on The Daily News. Read the rest of this entry »

Hi-tech homes are an idea as old as the Jetsons. But some big companies are betting that the reality will soon catch up to the vision.

Hi-tech homes are an idea as old as the Jetsons. But some big companies are betting that the reality will soon catch up to the vision.

Shopping center giant Developers Diversified Realty is working on raising $600 million through two bond sales.