Can America ever rid itself of Wells Fargo?
By
Caliber-The Wealth Development Company adds to opportunity zone portfolio
ABOUT 305 E Main St , Mesa, AZ 85201
"Wells Fargo “collected millions of dollars in fees and interest to which [it] was not entitled, harmed the credit ratings of certain customers, and unlawfully misused customers’ sensitive personal information,according to the Justice Department, which announced on Feb. 21 that the banking company has agreed to pay an additional $3 billion to settle potential charges stemming from its unauthorized creation of several million customer accounts between 2002–16. Fees and penalties in relation to this scam alone had already totaled more than half a billion dollars.
Good news, right? That looks like accountability, and $3 billion is a lot of dough.
But that $3 billion represents only a small part of the bank’s takings from just this one scam—customer money to which, by its own admission, it “was not entitled.” From that perspective, the DOJ basically caught a gang of thieves and let them scoot right back to their den with most of the loot. Worse still, criminal prosecutions—for a bank that openly admits it stole money from its own customers—are off the table for now: “The criminal investigation into false bank records and identity theft is being resolved with a deferred prosecution agreement in which Wells Fargo will not be prosecuted during the three-year term of the agreement. . .
It’s hard to believe that so much thieving has gone unpunished and unchecked for so long. . .
This struggle for accountability is not over. The New York Times reported Wednesday that the U.S. House of Representatives Financial Services Committee will hold hearings next week on the failure of Wells Fargo to comply with its existing regulatory settlements. [Update, March 9, 2020, at 8:20 a.m.: Wells Fargo announced Monday morning that its board chair, Elizabeth Duke, and another board member, James Quigley, had resigned from the company.]
It’s hard to believe that so much thieving has gone unpunished and unchecked for so long. But Wells Fargo has powerful and respected champions who have steadily turned a blind eye to criminal activity, perhaps because they have made a lot of money from it. . ."
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Caliber-The Wealth Development Company has closed on a 50,000 square-foot building in Mesa, Arizona. Located at 305 E. Main St., this is the latest property in the company’s downtown Mesa portfolio that includes nearly 20 percent of buildings on Main Street and encompasses more than 160,000 square feet. Located in a designated opportunity zone, the properties are part of the Caliber Tax Advantaged Opportunity Zone Fund, LP.
Parcel ID 138-65-006B
Aerial view looking south Intersection of Main Street & Mesa Drive
The building outline is the Wells Fargo Bank Building, now vacant and recently sold.
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This was two years earlier:
27 November 2017
Mesa Morning Live December 2017
Sponsored by Wells Fargo
Date: December 8, 2017
Sponsored by Wells Fargo
Date: December 8, 2017
Time: 6:45 AM - 8:30 AM MST
Please join the Mesa Chamber of Commerce with a great lineup for the December show
Fees/Admission:
HOLD ON! Bob Worley + Wells Fargo??????
HOLD ON! Bob Worley + Wells Fargo??????
QUITE A PAIR: Is this a "hands-in-hand" deal where you're known by the friends you keep?
Wells Fargo doesn't have the best reputation in banking circles or for all kinds of disclosures they certainly don't appreciate that sent the company stock tumbling...
Wells Fargo doesn't have the best reputation in banking circles or for all kinds of disclosures they certainly don't appreciate that sent the company stock tumbling...
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20 May 2019
Note that the information here was updated ten days ago . . .
Here in Downtown Mesa: 305 East Main
WELLS FARGO BUILDING
50,018 SF Office Building Offered at $4,000,000
Listing ID: 15779686
Date Created: 4/18/2019
Last Updated:
Source: https://www.loopnet.com/Listing
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Disclaimer: The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind
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•Parking is provided by exclusive leased access to 157 spaces in an adjacent parking structure. Renewal options extend parking rights until approximately 2081.
On-site parking is also available with approximately 24 open surface spaces.
On-site parking is also available with approximately 24 open surface spaces.
• Prime ±.95-acre land parcel with prominent frontage at the intersection of Main Street and Mesa Drive in historical downtown Mesa.
• DC (Downtown Core) zoning within the City of Mesa.
• Located in the historical downtown core of Mesa, Arizona which was established in 1878.
ABOUT 305 E Main St , Mesa, AZ 85201
| Price | $4,000,000 | Rentable Building Area | 50,018 SF |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Office | Year Built | 1985 |
| Building Class | B | Zoning Description | Oppertunity Zone |
| Lot Size | 0.95 AC | APN / Parcel ID | 138-65-006B |
