Let's go to the land of Make-Believe in one more spoon-fed piece of media manipulation - thanks to Christopher Boan, East Valley Tribune Staff Writer in a story published yesterday. It's hard to swallow if you have actually walked all along Main Street here in Downtown Mesa to really see the eight commercial properties that then-AZ State Senator Bob Worsley scooped up gambling in real estate speculation at the same time holding the trust of public elected office.
That success story was fed in part the area’s designation as an Opportunity Zone – a federally-classified region where private enterprise can invest in lower-income communities in exchange for tax incentives. . ."
( Image: Ashley Bell, left, toured downtown Mesa with Rodney Riley, an Opportunity Zone expert for Caliber. Special to The Tribune)
. . . Rodney Riley, an Opportunity Zone expert for Caliber, called Bell’s visit a crowning achievement for the city.
“Anytime the White House comes to town, we’re really happy about it,” Riley said. “We’re super fortunate that we were one of the first organizations to invest in Opportunity Zones.
. . . “The history of Mesa is significant, with the Mormon Church in town. So, obviously that’s been a driver here in town for a very long time,” Riley said.
. . .Bell touched on a similar topic during his comments, praising the roles that city government under Mayor John Giles’ leadership as well as private enterprise have played in regenerating downtown.
“I think that Mesa is a great model for what we’re promoting around the country,” Bell said, adding:
“I think it’s a great story of an investor that had a vision, that the community supported that vision, and the local city supported that vision and you have all the ingredients for revitalization here.
“And so, it was great to walk Downtown Mesa and understand that the investments that are being made here are part of a larger plan, and everybody agrees is the plan for the city. . . " >>
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HOLD ON! A totally different story of an investor that had a vision
20 May 2018
Thanks to a series of media reports about a "Massive Mormon Temple Make-Over that could transform downtown", the public is finding out more about the For-Profit real estate acquisition and expansion enterprises of The Church of Jesus Christ of the Latter-Day Saints here in Mesa and the entire Phx East Valley.
Shall we call it "Preaching The Gospel of Prosperity" ?
More than likely it's bigger than an information-iceberg to show the overlapping intersections of business and religion, finance, insurance, real estate and related industries.
Shall we call it "Preaching The Gospel of Prosperity" ?
More than likely it's bigger than an information-iceberg to show the overlapping intersections of business and religion, finance, insurance, real estate and related industries.
The Shroud of Secrecy on this contentious subject is slowly getting pulled-back by lifting the Zion Curtain with the revelation of some of the names holding ownership titles to real estate here in downtown Mesa and the entire Phx East Valley.
Your MesaZona blogger is pleased to see that some of the go-to mainstream media writers are slacking off less regurgitating Spoon-Fed news by getting-down to some of the real Nitty-Gritty.
Your MesaZona blogger is pleased to see that some of the go-to mainstream media writers are slacking off less regurgitating Spoon-Fed news by getting-down to some of the real Nitty-Gritty.
It takes guts to break out-of-the-mold as being the 'mouth-pieces' for the Mormon Political Machine that's monopolized Mesa for far too long.
Here's some recent reporting with excerpts:
. . . “We’re talking about tens of millions of dollars in private investment down there,’’ Barney said. “I think this will be a catalyst for future investment.’ . . Although a formal plan has not been submitted, Property Reserve Inc., the LDS church’s property wing, submitted requests to demolish nine houses to the west of the temple on two streets named after Mormon pioneers – Udall and Lesueur.
Here's some recent reporting with excerpts:
. . . “We’re talking about tens of millions of dollars in private investment down there,’’ Barney said. “I think this will be a catalyst for future investment.’ . . Although a formal plan has not been submitted, Property Reserve Inc., the LDS church’s property wing, submitted requests to demolish nine houses to the west of the temple on two streets named after Mormon pioneers – Udall and Lesueur.
Now, the still unannounced plan and the controversy over that request have some Mesa residents demanding a more complete overview and more transparency from both the church and the city .
Denny Barney: He said several similar mixed-use developments have been proposed downtown to take full advantage of light rail, but the LDS planned development may be the first actually built. . . “It will set the stage for future development in downtown Mesa, . . the church also plans a mixed-use development along Main Street, across from the Mesa Drive light rail station.... . . An LDS architect also met with Mesa and helped redesign zoning for light rail.
Barney described the acquisitions as “a legacy project,’’ motivated by his family’s love for the Temple rather than profit. [ Say What ?????]. . .
Barney described the acquisitions as “a legacy project,’’ motivated by his family’s love for the Temple rather than profit. [ Say What ?????]. . .
RELATED CONTENT:
Aug 22, 2014 - Property Reserve Inc. has sold parcels to Suburban Land Reserve Inc. Both companies are real estate arms of the Church of Jesus Christ of ...
archive.sltrib.com/article.php?id=52583204&itype=CMS
Sep 28, 2011 - City Creek • Down economy makes condos a tough sell, but .... president of City Creek Reserve, a development arm of The Church of Jesus ...
High in Utah | Utahtransplant's Blog | Page 10https://utahtransplant.wordpress.com/category/high-in-utah/page/10/May 1, 2012 - Built by City Creek Reserve, Inc. a for-profit firm owned by the LDS Church, the $2 ... The law nicknamed the Zion curtain has also been upheld
City Weekly June 8, 2017 by Copperfield Publishing - issuu
https://issuu.com/cityweeklynewspaper/docs/cw_archive_1
https://issuu.com/cityweeklynewspaper/docs/cw_archive_1
Jun 6, 2017 - The Church of Jesus Christ of Latter-day Saints takes the City Creek model global. ...... Property Reserve, Inc. offers real estate services including real estate leasing. The company was founded in 1961 and is based in Salt Lake City, Utah. Property ...
Property Reserve, Inc. offers real estate services including real estate leasing. The company was founded in 1961 and is based in Salt Lake City, Utah.
Utah Property Management Associates (UPMA), formerly Zions Securities Corporation (ZSC), is a subsidiary of Property Reserve Inc., which manages property ...
Jan 24, 2012 - 18 posts - 12 authors
A repost; --Lying-for-Jesus Jeffrey Holland blows smoke when he says LDS Inc.'s only revenues come from individual member offerings ...
archive.sltrib.com/article.php?id=3265668&itype=C
Dec 5, 2015 - The church's Suburban Land Reserve (SLR) has requested city ... which brokered the mall deal along with Property Reserve Inc. (PRI), another
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Blogger Note: A good example of the public demanding more transparency is the image above from a Mesa City Council meeting where two local politicos, members of the LDS Church, came out in public to pitch their schemes for personal gains by private investors.
Mesa Mega-Millionaire and AZ State Senator Bob Worsley gambling what he says $20M on real estate speculation downtown on Main Street
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Barney and his late father, T. Dennis Barney, a well-respected Gilbert developer, have quietly played a pivotal role in setting the stage for the redevelopment by acting in concert with the LDS church and acquiring numerous properties west of the Temple and turning them over to the church.
. . . his father started buying the properties at the LDS churches’ request in 2000 and that the purchases probably included 40-50 houses and other buildings.
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Blogger Note: A good example of the public demanding more transparency is the image above from a Mesa City Council meeting where two local politicos, members of the LDS Church, came out in public to pitch their schemes for personal gains by private investors.
Mesa Mega-Millionaire and AZ State Senator Bob Worsley gambling what he says $20M on real estate speculation downtown on Main Street
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Barney and his late father, T. Dennis Barney, a well-respected Gilbert developer, have quietly played a pivotal role in setting the stage for the redevelopment by acting in concert with the LDS church and acquiring numerous properties west of the Temple and turning them over to the church.
. . . his father started buying the properties at the LDS churches’ request in 2000 and that the purchases probably included 40-50 houses and other buildings.
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HOLD ON!
Riley was in front of the City Of Mesa's Economic Development Advisory Board on February 11, 2020 - that was a month ago and before at least two Spoon-Fed stories from two different mainstream media writers were contacted to slant the news:
20 March 2020
That Old "Downtown Vision Thing', The End of The Cycle > The Clock Is Ticking . . .To The Stop Button
We are not at the beginning of the cycle. . ."
-- Chair Ovando-Karadsheh understood that the market drives business, but why are people having that hesitation? (Economic Development Advisory Board Meeting Minutes February 11, 2020 Page 6 of 9 )
4. Caliber’s Downtown Mesa Investment and Vision
Rodney A. Riley has been with Caliber Companies for about a year as the Director of Acquisitions and Development. About half of his career has been spent with large institutions out of New York including Tishman Speyer, Westinghouse and ITT, and the other half with entrepreneurial firms like Caliber. He also built his own firm and was the US partner for a German syndicator. Caliber has been around for more than 12 years and has a diversified portfolio with over $300 million in equity raised in six discretionary funds. One is an Opportunity Zone Fund, which is one of the reasons why Caliber
[Economic Development Advisory Board Meeting Minutes February 11, 2020 Page 2 of 9]
Rodney A. Riley has been with Caliber Companies for about a year as the Director of Acquisitions and Development. About half of his career has been spent with large institutions out of New York including Tishman Speyer, Westinghouse and ITT, and the other half with entrepreneurial firms like Caliber. He also built his own firm and was the US partner for a German syndicator. Caliber has been around for more than 12 years and has a diversified portfolio with over $300 million in equity raised in six discretionary funds. One is an Opportunity Zone Fund, which is one of the reasons why Caliber
[Economic Development Advisory Board Meeting Minutes February 11, 2020 Page 2 of 9]
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LOOKS LIKE ANOTHER REPORTER WAS WAY OUT-AHEAD AND USED THE SAME LOCATION BACKDROP
05 March 2020
Welcome to
"The Old Donut-Hole"
Oooops! Nah > This is the story KTAR wants you to see:
Mesa welcomes White House policy adviser for update on federal program
By Griselda Zetino | UPDATED: March 5, 2020 at 6:12 am
"Rodney Riley, Caliber’s director of acquisitions and development, said they have 10 buildings totaling about 160,000 square feet in the area.
He said they intend to bring restaurants, businesses and creative office spaces to the area."
"The Old Donut-Hole"
Oooops! Nah > This is the story KTAR wants you to see:
Mesa welcomes White House policy adviser for update on federal program
By Griselda Zetino | UPDATED: March 5, 2020 at 6:12 am
"Rodney Riley, Caliber’s director of acquisitions and development, said they have 10 buildings totaling about 160,000 square feet in the area.
He said they intend to bring restaurants, businesses and creative office spaces to the area."
(Photo by Griselda Zetino)
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INSERT FROM AN EARLIER POST ON THIS BLOG
13 April 2019
In A Press Release: What Caliber The Wealth Development Company Wants You To Know
Readers of this blog have had the opportunity to see multiple posts on the subject of federal OZones time-and-time again. The clock is currently ticking on yet another fast-approaching deadline for investors wanting to fully use the benefit to shelter last year’s profits from hedge funds and other partnerships, the deadline is June 29.
There seems to be some urgency from Caliber to start a blitz in public relations that only gets a quick mention about "a passing window", despite a feverish push from developers, accountants and law firms, investors are hesitating before jumping into Opportunity Zone funds, according to wealth advisers.
As we know now here in Downtown Mesa there wasn’t “much time” for “extra due diligence” on the Opportunity Zone funds, and unless someone else wants to state otherwise, the amount of capital closed so far is small.
Some are awaiting more guidance from the Treasury Department, which is expected to release rules this month, while others are heeding caution that some funds are riskier bets or aren’t yet up and running.
The Treasury Department is expected to issue a second round of regulations governing the provision sometime this month, fleshing out a first round last October.
Some are awaiting more guidance from the Treasury Department, which is expected to release rules this month, while others are heeding caution that some funds are riskier bets or aren’t yet up and running.
The Treasury Department is expected to issue a second round of regulations governing the provision sometime this month, fleshing out a first round last October.
Bloomberg News had this to say two days ago:
Lack of Treasury rules and vetting of funds are slowing buy-ins. . . Investors eyeing President Donald Trump’s Opportunity Zones face a ticking clock if they want to fully capture one of the biggest tax breaks in decades.
But few so far seem ready to make the leap
"Tucked into the 2017 tax overhaul, Opportunity Zones let investors reduce and postpone taxes on profits from stocks, businesses and investment partnerships provided the money is reinvested in one of more than 8,700 low-income communities across America. Investors can also avoid tax on future profits from those investments, on which they must make “substantial improvements.”
"Tucked into the 2017 tax overhaul, Opportunity Zones let investors reduce and postpone taxes on profits from stocks, businesses and investment partnerships provided the money is reinvested in one of more than 8,700 low-income communities across America. Investors can also avoid tax on future profits from those investments, on which they must make “substantial improvements.”
- To reap the entire tax bounty, investors have to buy into eligible projects by the end of this year.
- For investors wanting to fully use the benefit to shelter last year’s profits from hedge funds and other partnerships, the deadline is even sooner -- June 29. . .
Rodney Riley (Photo provided by CBRE)
CBRE appointed Rodney Riley as regional sales director, Investor Services for the Southwest Region.
Riley will collaborate with local leadership and assist with business development and sales efforts for all Investor Services business, including Agency Brokerage, IP, Asset Services, Project Management, Debt & Structured Finance and Valuation.
Riley is a 30-year veteran of the industry.
Most recently, he comes to CBRE from RSR Capital Advisors, where he was Managing Partner and COO
