| Real Estate Q & A: Lender’s must release deeds of trust upon full payment. This week’s scenario: You purchase property and pay off the loan, but the lender does not “reference the correct deed of trust in its release.” Adam Martinez, Rose Law Group Real Estate Litigation Department Chairman, spells out in detail what your legal options are, in Rose Law Group Reporter. http://bit.ly/2kTb9oV
INTEL INSIDE… OF CHANDLER! – Intel investing $7 billion in Chandler facility, creating 3,000 high-wage jobs. Yesterday, President Trump and Intel CEO Brian Krzanich revealed Intel’s plans to bring “the most advanced semiconductor factory in the world” to Chandler. Watch the announcement of the big news, delivered from the Oval Office, in this report at Phoenix Business Journal. http://bit.ly/2lsE8wy
Offices, hotel planned for Camelback strip. “Two 1970s-era buildings have been torn down to make way for a midstory 120,000-square-foot office and 160-room AC Marriott hotel on the south side of 28th Street along Camelback.” Tap to AZCentral for further details, including how much “LaPour Partners paid… for the 3.6acre site” along with when the “new project [‘called Camelback Collective’] is scheduled to open…” http://bit.ly/2kqVDgv
Floodplain work on hold as report blows plans ‘out of the water.’ “Public Works Director Bill Fay had hoped to bring good news about the North Santa Cruz Wash [Capital Improvement Project] to the city council on Tuesday, but new estimates from the Army Corps of Engineers could actually broaden the floodplain in Maricopa.” Fay: “Right now, we are kind of sunk at this point.” InMaricopa. http://bit.ly/2k8xqKN
Surprise planners back less dense residential area near school. “[The] parcel is across Perryville Road from Shadow Ridge High School… Originally planned for 256 residential units… the plan… would drop that number to 103,” a change which, according to YourWestValley, “[t]he Surprise Planning and Zoning Commission was only too happy to approve.” http://bit.ly/2k7LtVQ
Casa Grande considering new policy on empty subdivisions. “After the housing market crashed in 2008, developers were left having to renew [financial] securities… even when construction stopped.” Now, according to this report, “[s]ome developers have asked the city to release these securities so they can avoid the substantial costs of annually maintaining them. The idea is the securities would be reposted when construction activity picked up again.” More in Pinal Central, including five options that were presented for dealing with the issue: http://bit.ly/2kXO9Vm
Pima County to appeal World View lease ruling. “Board of Supervisors moved ahead Tuesday morning with an appeal of last week’s ruling that the county violated state procurement laws in a 2016 build/lease deal with high-altitude [balloon] tech firm World View…. A judge ruled last Thursday that Pima County violated state laws in not having its lease with the company appraised before signing an agreement to construct a facility.” Tucson Sentinel. http://bit.ly/2kwy7RH
Buckeye water resources director resigns following outcry over high water bills. “The Republic previously reported several residents said the city is not taking their concerns seriously over bill spikes as high as $1,300 and meters registering up to 90,000 gallons of water use in one month.” But what if anything does that have to do with water resources director David Nigh resigning from a job that paid “$144,560” annually? After reading this story, you may find the answer to that question quite elusive. http://bit.ly/2kwtc32
Home purchase sentiment brightened in new year. “Fannie Mae’s Home Purchase Sentiment Index (HPSI) reversed a five-month long decline in January, posting a 2-percentage point increase.” Find out which of the “six components in the survey [saw increases],” plus see what Fannie Mae’s chief economist Doug Duncan has to say about a possible “acceleration in housing activity” and what it hinges on — in Mortgage News Daily. (Little known alternative fact: Back in the day, eons before HPSI, there was something called the CFSI, or the Cave Finding Sentiment Index.) http://bit.ly/2lvzvm3
Puckless in Seattle: Coyotes deny report team visited Seattle, Portland for possible move. “Relocation rumors have cropped up once again…” According to Bleacher Report, “the two arenas that were believed to have been looked at by Coyotes officials were the Moda Center in Portland and the KeyArena Seattle…” http://bit.ly/2kwxpnr |
