Queen Creek considers possibility of rail link with Valley
July 6, 2010 by Shawn Stagg · Leave a Comment
Imagine boarding a train in Queen Creek and arriving 35 minutes later at a restaurant on Tempe’s Mill Avenue, then hopping back on board for a 10-minute jaunt to Chase Stadium in downtown Phoenix.
That could be possibile someday, say transit planners with the Maricopa Association of Governments.
In fact, demand already exists for commuter rail service between Queen Creek and Phoenix, said Marc Pearsall, a MAG transit planner who spoke to the Town Council Wednesday night. Pearsall presented findings from three Valley commuter rail studies that the organization started developing in 2008.
So, what’s the hold up? Money. Pearsall said identifying a funding source is the main obstacle, especially in the current economy.
After that, the normally hesitant railroad companies Union Pacific and BNSF Railway, which own the land that a commuter rail system would require, are likely to strike a deal, he said.
“The moment you identify local funding for commuter rail, the industry average is somewhere between three to five years (to start operation),” he told the council. “It’s relatively quick.”
Pearsall said the findings, which were accepted by MAG’s Regional Council in late May, could be a tool for implementing a rail system. If and when that occurs, the 34-mile Queen Creek-Phoenix corridor should be the first line constructed in the 110-mile network branching across the Valley
Queen Creek paves way for controversial housing project
May 23, 2010 by Shawn Stagg · Leave a Comment
What started as a controversy over aproposal to clear the way for hundreds ofhomes near Phoenix-Mesa Gateway Airport
and provide a critical north-southtr transportation corridor for Queen Creekended Wednesday on a surprisingly serene
note.
Housing plans near airport a bad idea In a unanimous 6-0 vote, the Queen Creek Town Council approved a general plan
amendment changing the land-use designation on 257 acres of land at the northwestern corner of Meridian and Queen
Creek roads to make way for the so-called Barney Farms development and 975 homes.
Councilman Jeff Brown was absent. Council’s decision to change the land use designation from heavy industrial property
to high density residential, commercial and light industrial ended, at least temporarily, weeks of debate that pitted a prominent
Queen Creek farming family against airport officials, a steel plant and some elected officials in Mesa who felt the homes
encroached too far into the airport’s flight path.
38677 N ALAMO CT San Tan Valley, AZ 85140
May 8, 2010 by Shawn Stagg · Leave a Comment
This is a Short Sale lender approved at 125K Buyers didnt step up to the price. This beautiful two-story home is located in a quiet cul-de-sac lot. The backyard has an extended patio and oversized lot. There is an RV gate with plenty of room for your recreational toys. The interior is an open floor plan with neutral paint, carpet and tile throughout the home. The kitchen has stainless steel appliances, attractive cabinets and countertops ready for entertaining family and friends. Prof SS company
The Queen Creek Home Numbers
May 2, 2010 by Shawn Stagg · Leave a Comment
Here are the numbers that measure a distresses market in this case Gilbert.
Download the Report:
the-report.pdf (130.4 KiB, 28 hits)
If you like this info or want to see other market indicators, let me know. I will be glad to post other indicators
The following dashboard indicates how foreclosure activity is affecting the market in each city.
There are five main components to the dashboard.
The pie-chart at the top left indicates what proportion of the active listings are lender-owned, pre-foreclosure or normal. The pie chart at the top right indicates what proportion of monthly sales was lender-owned, pre-foreclosure or normal.
The column chart at the bottom left shows average pricing for active listings in $ per square foot, divided into the three categories and the column chart at the bottom right does the same thing for monthly sales.
The Distress Index gauge at the center shows a value from 0 to 100 which expresses the overall level of foreclosure activity. This allows easy comparison between one city and another.
REOs or lender-owned properties have already been through the foreclosure process and completed their trustee sale. These properties were sold by the trustee to the beneficiary (lender). In a few trustee sales (typically less than 5% at the moment), the property may be sold to an investor or wholesaler who is prepared to bid higher than the bank. These properties are not classified as lender-owned. The lenders use the ARMLS system quite heavily to market their inventory of homes and compete aggressively on price. At the moment we lender-owned properties constituting a significant share of the homes listed for sale, and an even large proportion of the homes sold.
The Pre-foreclosure category includes those properties that have started the foreclosure process but have not yet had the trustee sale. We also include those which are being marketed in a short-sale situation, even if a notice of trustee sale has not been issued. In a full pre-foreclosure situation, the owner(s) have received a notice of trustee sale and the property is being marketed in order to try to sell the home before foreclosure completes. Many of pre-foreclosures are in a “short sale” situation, where the price asked is lower than the outstanding debt secured by the home. Such sales require the approval of the lender. A few may also (or instead) be the subject of bankruptcy proceedings and the sale may require approval by the court. We generally refer to all these situations as “distressed sales”
Normal sales are those where the owner has the unencumbered right to sell the property without requiring approval from a lender, court or external corporation of any kind, and the owner is not a financial institution. In a normal market these constitute the vast majority of all listings and sales. The degree to which these sales become a smaller proportion of all sales indicates the level of distress being felt in the market.
If you like this info or want to see other market indicators let me know I will be glad to post what you like let
Active listings include active-with-contingency and are measured at the beginning of the calendar month. All figures are for single family detached homes only. Monthly sales means sales that closed during the preceding calendar month. The date shown at the top of the dashboard is the date on which this measurement was taken.
This info was provided by the Cromford Report www.cromfordreport.com
For more info on Queen Creek Homes contact me
J.C. Penney, other retail still in works for Queen Creek site
April 19, 2010 by Shawn Stagg · Leave a Comment
Queen Creek shoppers could see a J.C. Penney department store sprouting at the corner of Rittenhouse and Ellsworth Loop roads in as little as 18 months.
The retailer is one of several stores and restaurants in the works at the 2-year-old Queen Creek Marketplace. Others include Olive Garden, Macayo’s Mexican Kitchen, In-N-Out Burger and clothing retailer rue2.
Stacy Pearson, a spokeswoman for Phoenix-based Vestar Development Co., said fall 2011 is the earliest possible construction date on the Penney store.
The retailer’s representatives, however, had little to say about their own plans.
“I do know that we’re interested in the location, and that we’re always looking for good locations, but there are a number of things that have to fall into place before we commit to going forward,” said Ann Marie Bishop, a J.C. Penney spokeswoman. She declined to elaborate.
Marketplace officials said they’re in escrow with Olive Garden, which would be another first for Queen Creek. It could close by the end of the summer, said James DeCremer, vice president of retail services at Strategic Retail Group, a brokerage firm negotiating the deal.
“They’re up in the air as far as when they’re going to build,” DeCremer said. “They’re going to go through the permitting process.”
DeCremer said In-N-Out has already closed escrow and could be open within a year. He said rue21 signed a deal with Marketplace officials and “the construction process has started and is moving forward.” Rue21 is a clothing retailer for young people.
Queen Creek Marketplace is a 1.2 million square-foot shopping center that opened in March 2008. The the center has been rocked somewhat by the souring economy, losing OfficeMax in June and Circuit City in 2008.
Plans for a J.C. Penney store at Marketplace have been bandied about for years, but building plans have never been clear.
“Personally, I don’t think the retail environment is going to get a lot better in 18 months,” said Bob Kammrath, a Phoenix real-estate consultant.
“If new-home construction starts up again, which it will sometime in the future, there’s no question that the Queen Creek area will be one of the areas where a lot of new construction will be taking place,” he said. “That will make it desirable again for retail expansion, but it’s just that nobody knows exactly when that’s going to happen
Call me for your Queen Creek Home questions