January 14, 2009 – 3:28 pm
Some say that many businesses along Tempe’s Mill Avenue have struggled due to the delay of Centerpoint high rise condominiums. Others claim that the slower economy is the reason for business slowing and closing on Mill. What do you think? W
January 13, 2009 – 3:00 pm
For namesake, we wont discuss the actual W Hotel name in this blog, because they are merely the operator of the building, and do not own any part of the land or major stake with the contractors. Nearly 30 liens have been placed on the property (W Hotel) since its September debut and the threat [...]
January 4, 2009 – 8:52 pm
What started as a normal resident opposition to denser or unwanted development has dramatically shifted and is now a highly crucial legal battle that could change the zoning power for the City Councils of Phoenix, Mesa and Tucson. Headed by Randy Jones, a resident of Laveen, is a group of Phoenix residents opposing a dense [...]
January 3, 2009 – 12:12 am
Completion of X Wine Lofts, an 82 unit condominium project on Osborn Road just west of Scottsdale Road, is on indefinite hold until Mortgages Ltd (lender) and Grace Communities (developer) work things out according to a December 27, 2008, Arizona Republic article. Mortgages Ltd sued Grace Communities claiming the developer defaulted on a $32 million [...]
January 2, 2009 – 7:39 am
Jon Connelly, Designated Broker for Century Plaza, has provided a copy of the Certificate of Occupancy (CO) for the building in response to claims made on this site and others that the developer did not have Permanent CO’s and was therefor in breach of the purchase contracts with buyers. In past conversations I have had with [...]
December 31, 2008 – 1:30 pm
For those interested, here is a copy of the “Verified Complaint and Application for Appointment of Receiver” filed December 3, 2008, naming M&I Bank as plaintiff and Windsor Century Plaza as defendant. Here is a portion of a blog comment, apparently made by a representative of the developer of Century Plaza, addressing the bank’s action: “M & [...]
December 25, 2008 – 1:41 pm
Last night a number of blog comments were made by a person identifying himself as CP Truth apparently in an effort to dispell what he considers to be untruths written about Century Plaza. I’m not going to go into all the details here. If you’re interested in learning more just snoop aroung this site. Although CP Truth [...]
December 17, 2008 – 11:27 am
I just came across something that is NOT a scam but is potentially misleading and in my opinion NOT in the consumers best interest. I received a letter in the mail from my mortgage lender, National City Mortgage, inviting me to sign up for its “bi-weekly” mortgage payment program which would save me thousands of [...]
December 16, 2008 – 3:20 pm
Centerpoint Condo Towers have been untouched for over six months now and were pretty much forced to file for bankruptcy, a growing trend among developers. Technically, the development company itself didn’t file for bankruptcy in this case, as they created a separate LLC for the project. After battling in court with the troubled lender Mortgages [...]
December 15, 2008 – 4:17 pm
We reported last week that we had heard about a class action lawsuit filed by a group of 22 “buyers” at Century Plaza who wanted out of their 31 purchase contracts and the return of approximately $775,000 of earnest money. Since 31 contracts constituted approximately 40% of the total contracts that the Sales Manager for [...]
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