Yearly Archives: 2014
21 Tips for Writing Contracts
Uncategorized
September 9, 2014
By P.R. ‘Randy’ Cooney Publisher of the Arizona Journal of Real Estate & Business After having the privilege of teaching contract writing for the past twenty five years, I have been able to compile a list of pertinent items to consider when writing a contract on behalf of clients in purchasing or selling a… Read more
An Interview with Arizona’s Number One Luxury Home Agent
Uncategorized
September 8, 2014
By Tricia Covert There have been recent reports in the media about luxury home sales from both a global and national perspective. According to the reports, sales in this market are rebounding faster overall in comparison to regular home sales. Some major metropolitan areas are seeing double the volume second quarter of this year… Read more
Industrial Sector Update
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September 8, 2014
By Bryon R. Carney The nation’s industrial sector has seen restored confidence in 2014 partially due to a continued increase in employment, the housing market and a rise in industrial production. The metro Phoenix industrial market has benefited from this increase in confidence, earning the nation’s top spot for overall net absorption through the… Read more
Love Your Neighbor
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September 8, 2014
By Christopher J. Charles, Esq. Most are familiar with the Judeo-Christian principle: “thou shalt love thy neighbor as thyself.” Unfortunately, not everyone actually practices this principal. And not all “neighbors” are created equal. What legal options do property owners have when their neighbors breach the peace? Imagine the following scenario. You finally arrive home… Read more
Real Estate Investment Trusts (“REITs”)
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September 8, 2014
By Paul Ohanian I have been designing financial portfolios for a wide range of clients for 25 years and come across many types of investment strategies. I often look to real estate investments to provide asset diversification, lessen general stock market exposure and, where appropriate, generate income. While my clients, and truly Arizonians at… Read more
10 “Life Building” Truths
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September 8, 2014
By Jane Andersen In the June Publication of this Journal, I read a terrific article by Randy Cooney titled Ten Truths of Selling Your Home. His article focused on truths that agents don’t want to say because sellers don’t want to hear. I really appreciated Randy’s article which motivated me to write one as… Read more
Supreme Court Reverses Arizona Court of Appeals’ Ruling in Weitz
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September 8, 2014
By Thomas A. Stoops In the April 2014 Legal Advisor article we noted that the Arizona Court of Appeals in the case of The Weitz Company, L.L.C. v. Nicholas Heth, 674 Ariz. Adv. Rep. 29, had made a significant ruling on the application of equitable subrogation. The Arizona Court of Appeals determined that based… Read more
An Interview with an Industry Icon
School News
August 15, 2014
By: Tricia Covert As the Arizona School of Real Estate & Business celebrates its 45th anniversary this month, I was looking for someone who could give great meaning to this milestone event. Bill Gray was the obvious choice. Most people in the industry are very familiar with Bill’s contribution to the Arizona… Read more
Proceed With Caution: The Unrealized Cost of Pursuing Liquidated Damages Clause
Uncategorized
August 13, 2014
By Christopher J. Charles, Esq., David Degnan & Joshua Black Many real estate listings contain a “liquidated damages” clause that allows the agent to collect a commission if the seller breaches the listing. However, agents should be reminded that the best defense is sometimes a good offense and the pursuit of a claim for… Read more
Owner’s Liability for Tenant Improvements in Commerical Leasing
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August 13, 2014
By Renee Gerstman Most commercial leases allow for tenant improvements. Some leases provide for complete owner control of the process, including, design, construction and payment for the improvements. Other leases place the burden of construction entirely on the tenant with no control by the owner. However, most contract provisions fall between these two opposing… Read more