Venture-capital investing in Arizona slid more than 70 percent in the fourth quarter of 2009, providing a lackluster bookend to one of the worst deal-making years in recent history.[...more...]
The Valley's real estate boom-and-bust cycle left an almost unimaginable 80 million square feet of excess office, retail and industrial space on the rental market at the close of 2009 - the rough equivalent of 1,600 football fields.[...more...]
...The imbalance should result in a further decline in commercial real estate valuations. Over the next six months, Rogers predicts that property values will decline another 4% to 9%, on top of the 39% drop that's already occured since the peak in December 2007...[...more...]