PHOENIX-A local developer has purchased a parcel near one of the Valley's most well known landmarks and is planning on building an office project.

PHOENIX-Mesa and Phoenix were chastised for lack of information in their proposals for a $335-million stadium for the Arizona Cardinals, raising doubts about whether they in the running for the project.

PHOENIX-Retail giant Kmart is looking at two sites in Mesa to build a 200,000-sf superstore in an effort to win back some marketshare from rival Wal-Mart.

PHOENIX-Housing starts and sales were down in 2000 from the record prior year, but only off slightly.

PHOENIX-In response to a worldwide economic downshift, Intel announced that is will delay construction of a 320,000-sf office building, but will move forward on completion of its $2-billion chip fabrication plant currently under construction.

PHOENIX-A retail center in the far East Valley is nearly fully leased, a testament to the growing popularity of residential development in the area.

PHOENIX-Orsett Properties has purchased a parcel in the northwest Valley near the soon-to-be-completed Loop 101 for $4.8 million and plans to begin construction later this year on a 171,600-sf back-office project.

FLAGSTAFF-An apartment complex in this northern Arizona city has been purchased for $5.45 million.