WASHINGTON It’s one of the most common lies that home buyers tell mortgage lenders, and it may be on the upswing: In order to get a lower interest rate and down payment, applicants say they plan to occupy the house as a principal residence when in fact they have no such intention.
Sale Richard Neal Mills Trust bought Mohave Gardens Apartments, a 24-unit complex at 126 E. Mohave Road, from Ricardo and Sheryl Rabinovich 2008 Living Trust for $650,000. Allan Mendelsberg, with Picor, represented both parties. Leases UBS Financial Services Inc. leased 11,314 square feet at 2840 E. Skyline Drive from Plaza Colonial Development Limited Partnership. Rick Kleiner, with Picor, represented the tenant, and John Yarborough, with Romano Real Estate Corp., represented the landlord.Surfacenet LLC, dba SolidSurface.com, leased 11,250 square feet at 4011 E. Columbia St. from Dybvig White Mountain LLC. Rob Glaser and Brandon Rodgers, with Picor, represented the landlord and Gordon Wagner, with Coldwell Banker, represented the tenant.Johnson Controls Inc. leased 7,380 square feet at 3700-3716 E. Columbia St. from Holualoa Columbia Industrial LLC. The landlord was represented by Bill DiVito and Jesse Blum with CBRE.Freedom Smoke USA leased 4,725 square feet at 3880 E. Fry Blvd. in Sierra Vista from KLO Properties LLC. Robert Nolan of Oxford Realty Advisors handled the transaction.Primadonna Linens has leased 3,216 square feet at 3280 E. Hemisphere Loop from Tucson Property Investors. The tenant was represented by Mark Hays with Tierra Antigua Realty. The landlord was represented by Tim Healy and Bob DeLaney with CBRE.Command Center Inc. leased 1,400 square feet at Prince & Fairview Plaza, on the southwest corner of Prince Road and Fairview Avenue. Andy Seleznov and Melissa Lal represented the landlord, Larsen Baker.
This is going to be another “hodgepodge” column. Instead of providing detailed answers to just one or two questions, I’m going to give just brief answers to as many questions as I can squeeze into the space allotted to me.
WASHINGTON When Federal Reserve head Janet Yellen was asked about housing issues last week, she gave a classic economist’s “on-the-one-hand, on-the-other-hand” answer. But because she neatly summed up the disparate economic realities confronting millions of owners, sellers, renters and would-be buyers around the country, it’s worth taking a closer look.
Three surface parking lots in downtown Tucson are luring developers with visions of high-density projects. The city was expected to issue a request for proposals this week for a 2-acre city block in El Presidio neighborhood.
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