Talkin'-The-Talk > More 'Double-Speak' from Jivin' John Giles

It's no wonder that Mesa Mayor John Giles is one of your MesaZona's blogger favorite objects of affection:
Who couldn't not love such a rich source of material to have some fun with? He's just plain goofy.  
[yes, dear readers that is a double-negative]
Example: ". . .The goal is to bring more prosperity to more Mesa residents. . . " Damn that's a good one
- From an article by EVT Staff Writer Wayne Schutsky
February 11, 2018

Schutsky to his credit goes on to say:
"Giles has acknowledged that while East Mesa has experienced explosive growth over the past several years, . .  other pockets - including downtown and west Mesa - largely have been left behind . . ."
. . . The two zipcodes that encompass downtown Mesa 85201 and 85210 are the most distressed in the city . . . those zipcodes have the highest poverty rates in Mesa, housing vacancy rates over 10% and median incomes only 70-75% of the state's median income. . ."
Blogger Note: One distressed neighborhood is named Heritage Park, 75% Hispanic.

the zipcodes in downtown Mesa are some of the most diverse in the city and contain a sizeable Hispanic population . . .
"the city will have to make concerned efforts to include those residents in its vision for the future" . . . Right. What has the City been doing? 
After SB1070 from disgraced former Mesa State Senator Russell Pearce and Maricopa Sheriff Joe Arpaio?  

So what do the mayor and his high-finance friends want to do?
Create wealth for investors in a neglected and distressed neighborhood for what's called "Unrealized Capital Gains". . . in O Zones?
Controlling the downtown real estate market by buying one property at a time at rock-bottom prices for 10 commercial properties on Main Street along the tracks of Valley Metro Light Rail Service, paid for by taxpayers, where these three groups of private investors  are speculating for their own personal profits?
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. . . and giving away tax incentives to Mesa Mega-Millionaire Bob Worsley to  bring above-market, upscale mid-rise luxury living atop a parking lot to radically transform DTMesa into another Pie-In-The-Sky scheme where AZ Senator Bob Worsley has partnered with Tim Sprague, shown at far left with the major and The Caliber Wealth Creation Opportunity II Fund, LP. 
 
It's on the cover of Compass Magazine, as a 
STAKEHOLDERS PROSPECTUS 2018   

 

How to Solve the Housing Crisis

Big urban demand?

Published on May 25, 2018

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WORST Punishments Kids Received From Their Parents

Were U bad ???????

Published on May 25, 2018

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Mesa OED Quick Jab Bill & JD Beatty Recommended This Developer

Lincoln Property Co., Harvard Investments Selected to Build 1.35 MSF Office Project in Mesa, Arizona

Posted on May 23, 2018 by Amy Works in Arizona, Development, Office, Western
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Blogger Note: This was up in front of the Mesa City Council on 21 May 2018 just two days ago
* See details below
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Union will bring 1.35 square feet of Class A office space to the Riverview mixed-use district of Mesa, Ariz.

MESA, ARIZ. — The Mesa City Council * has selected Lincoln Property Cos. and Harvard Investments to develop 28.2 acres of city-owned land in the Riverview mixed-use district of Mesa. Upon completion, the “Union” project will bring 1.35 million square feet of Class A office space to the district.
Union will include four buildings ranging from four to eight stories and fro 225,000 square feet to 450,000 square feet.
Each building will feature large and open floorplates and high ceilings.
Constructed in phases, the first building will be the four-story, 225,000-square-foot Building A located at the northwest corner of the property, followed by Buildings B and C, totaling up to six stories and 337,500 square feet. The final building, Building D, will feature eight stories and 450,000 square feet.
Construction on Building A is slated to begin in 2019.
DAVIS is the project architect, and Layton Construction Co. is serving as the general contractor. Dave Carder and Scott Boardman of Cushman & Wakefield are exclusive leasing brokers for the property. 
Source > https://rebusinessonline.com
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* District 1 Councilmember Mark Freeman quickly made the motion to approve
* Here's the Resolution

File #:

18-0629

Type:

Resolution

Status:

Agenda Ready

In control:

City Council

On agenda:

5/21/2018

Title:

Approving and authorizing the City Manager to enter into a Memorandum of Understanding with Lincoln Property Company Commercial, Inc. and Harvard Investments, Inc., for a phased office campus development of approximately 22.3 acres of City-owned property located near the northwest corner of West Rio Salado Parkway and North Dobson Road, adjacent to Riverview Park. (District 1)

Attachments:

1. Council Report, 2. Resolution, 3. Memorandum of Understanding, 4. Exhibit A, 5. Exhibit B, 6. Exhibit C

Need Some Investor Ideas? Here's Mexicali Economic Development Corporation (EDC) in Mesa,

#Crypto Currency App Partners with #Mexico to Eliminate Corruption and Cost
"When Eduardo Gonzalez Diaz de Leon approached us at our booth at Consumer Electronics Show (CES) in Las Vegas, he had a vision of using crypto to help the economy of Mexico by removing corruption and cost. We were able to close this deal a week after at the Mexicali Economic Development Corporation (EDC) in Mesa, Arizona. This will take the power of the money out of the cartel's hands, as well as reduce illegal trade."
LINK> http://www.investorideas.com/news
Las Vegas, NV - May 24, 2018 (Investorideas.com Newswire)
Coincierge Club, an app that allows users to use crypto currency to pay for goods and services, store value and make instant person to person transfers, has established a partnership with Mexico in hopes to improve the country's economy by removing corruption and cost.
Coincierge Club established the deal in January of this year, and with the help of ProMexico the company has continued to evolve the partnership. Since joining forces, Concierge Club has created a coin and a website for the project.
Coincierge Club CEO, Darryll DiPietro, says the partnership will help give the power back to individuals
When the company started, its main goal was to disrupt the Las Vegas strip by eliminating the monopoly hold the Nevada Gaming Control Board has on nightclub and non-gaming casino operations. Its crypto currency would allow vendors, with the help of Senate Bill 398, to avoid taxes, regulation or licence requirements as long as they operated on blockchain technology.

Today, their vision has grown to help more retail vendors-including those operating off the strip-by transitioning businesses to blockchain technology. When presented with advantages like no chargebacks, zero processing fees and the ability to own their own money, the conversion to digital money exchange seems like a no brainer.
In addition to offering zero processing fees, Coincierge Club also provides the fastest technology available and an industry-leading 13K supported coins. Their enterprise solution performs 250,000 transactions per second, which is a 500% increase from Visa's current limits. And with a powerful and intuitive platform, businesses can easily integrate with nearly any POS system to accept digital currency and avoid credit card processing fees.
DiPietro believes crypto is the future of currency, and he's excited to see how it will continue to change and support businesses, "My prediction for the future of blockchain and crypto is that it will infiltrate all aspects of production and automation. It will create a trust that we as a society have never seen. It will disrupt corrupt industries and redistribute power and wealth to society. With Crypto specifically, bankers and brokers will not be necessary, creating higher profit margins for business owners."

MORE Multi-Housing News > Here's Some Robust Data For You

Phoenix Development, Rent Increases Robust

The metro Phoenix multifamily market has been hitting all the cylinders in recent years. Currently, vacancies are going down, rents are going up, and new construction is being done at a brisk pace, according to Kidder Mathews data.

Marketwide, multifamily rental vacancy in the first quarter of this year was 6.4 percent, down from 6.8 percent the previous quarter, and the same as a year earlier. Asking rents averaged $985 as of Q1 2018, compared with $940 a year earlier, for nearly a 5 percent increase.

That’s despite robust development pipeline for Phoenix multifamily, Kidder Mathew reports. A year ago, more than 15,100 new units were under way; now the total is over 23,300 units.

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PCS Development Completes AZ Community

The Premiere at Dana Park in Mesa includes 198 units and a Crossfit studio, a putting green and self-service mail kiosks.

May 24, 2018 by D.C. Stribling

PCS Development recently completed The Premiere at Dana Park, a 198-unit multifamily community in Mesa, Ariz. The company has tapped P.B. Bell as management firm for the property.

Located on Val Vista Drive, just off U.S. 60, The Premiere at Dana Park offers one-, two- and three-bedroom units ranging from 459 square feet to 1,251 square feet. The community includes such sustainable features as Energy Star appliances, low-flow plumbing fixtures, LED lighting, dual-pane Energy Star windows and solid surface countertops.
Common amenities include a full clubhouse and common area, and a heated pool and spa with an outdoor entertainment cabana featuring gas barbecue grills and a fireplace. There is a Crossfit studio, a playground with community park access, putting green, coffee bar, car charging station, and automated self-service mail kiosks.
Source: MultiHousing News

Good-To-Know: ASU Has A For-Profit Real Estate Arm

ASU sells 9.29 acres to Alliance Residential for $11.25M

Real Estate | 14 hours ago | AZRE

Cushman & Wakefield sold 9.29 acres of Arizona State University (ASU) surplus land, located at the southeast corner of Rio Salado Parkway and Price Road in Tempe, Ariz. Phoenix-based Alliance Residential, the nation’s largest multifamily developer, purchased the site from ASU for $11.25 million.  Executive Managing Directors David Fogler and Steven Nicoluzakis of Cushman & Wakefield Phoenix represented the seller in the transaction. “Alliance Residential was excited for the opportunity to acquire another premier multifamily development site.  The site’s proximity to major freeways, Arizona State University, major employers such as State Farm and the amenity rich Mill Avenue and Tempe Town Lake area was a major draw for Alliance Residential,” said Fogler. Alliance Residential plans to develop a 276-unit, surface parked, luxury apartment community called Broadstone Rio Salado in the Tempe location. Plans call for a total of 12 buildings to house 28 studio units, 144 one-bedroom and 104 two-bedroom units.  Planned amenities include a pool, spa, game lawns, outdoor cooking area with tables, fire pits, dog park and a fitness center. The site is positioned between two outdoor shopping centers, Tempe Marketplace and Mesa Riverview, with immediate access to the Loop 101 and 202 freeways and Sky Harbor International Airport. In addition, Tempe Town Lake, Marina Heights, the Chicago Cubs spring training facility, ASU and Downtown Tempe/Mill Avenue are all within close proximity Source: https://azbigmedia.com