Sunday, April 05, 2020

PUBLIC HEARING APRIL 20 2020

ITEM 6 (Agenda Mesa City Council 06 April 2020 click or tap here
6 Introduction of the following ordinances and setting April 20, 2020 as the date of the public hearing on these ordinances:
20-0327 ZON19-00935 (District 3) 20.68 ± acres of the property is located within the 1800 to 2000 blocks of South Hobson (east side); the 600 to 800 blocks of East Baseline Road (north side); and the 1900 to 2000 blocks of South Horne (west side), and 4.5 ± acres of the property is located within the 500 block of East Auto Center Drive (south side); and within the 1700 to 1900 blocks of South Hobson (west side). Rezoning from LI and LI-PAD to LI-PAD; and Site Plan Review (overall 25.18± acres). This request will establish the Metro East Valley PAD and allow for an industrial development. Jeff McCall, McCall & Associates, applicant; Puppyfeathers, LLLP, owner. Staff Recommendation: Approval with conditions P&Z Board Recommendation: Approval with conditions (Vote: 7-0) *6-a 
20-0309 ZON19-00919 (District 5) Within the 7600 block of East University Drive (south side) and within the 300 block of North Sossaman Road (east side). Located on the southeast corner of University Drive and Sossaman Road (1.7± acres). Rezone from RS-9 to RSL-3.0-BIZ. This request will allow for the development of a small-lot single-residence subdivision. Jared Malone, Associated Architects, applicant; Lavigna Investments Corporation, owner. Staff Recommendation: Approval with conditions P&Z Board Recommendation: Approval with conditions (Vote: 4-0) *6-b 
City of Mesa Page 11 Printed on 4/4/2020 
City Council Meeting Agenda - Final April 6, 2020 

20-0340 Amending Section 10-4-6 of the Mesa City Code to establish a speed limit of 30 mph on Everton Terrace from Elliot Road to a point 2,290 feet south of Elliot Road, as recommended by the Transportation Advisory Board. (District 6) *6-c 
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20-0390 ANX18-00788 (District 6) 
Annexing property located south of Elliot Road and west of Ellsworth Road and adopting comparable zoning (319.4± acres). Initiated by the applicant, Jordan Rose, Rose Law Group, for the owners. *6-d 
20-0391 ANX19-00420 (District 6
Annexing property located south of Elliot Road and west of Ellsworth Road and adopting comparable zoning (659.4± acres). Initiated by the applicant, Jordan Rose, Rose Law Group, for the owner, State of Arizona. *6-e 
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20-0392 ZON17-00606 (District 6) Within the 3200 through 4000 blocks of South Hawes Road (west side), the 3200 through 3600 blocks of South 80th Street (east side), the 3600 through 4000 blocks of the South 80th Street alignment (east and west sides), the 7700 through 8400 blocks East Elliot Road (south side), the 8100 through 8400 blocks of East Elliot Road (north side), the 8400 through 8800 blocks of East Warner Road (north side), and the 8100 through 8600 blocks of East Warner Road (south side) 
(540± acres). 
Rezone from AG and LI to RS-6, RSL-4.0, RSL-2.5, RM-5, GC, and MX with a PAD Overlay. This request will establish the “Hawes Crossing” PAD to guide the future review of specific plans of development. 

  • Jordan Rose, Rose Law Group, applicant; 
  • multiple property owners. 

Staff Recommendation: Approval with conditions P&Z Board Recommendation: Approval with conditions (Vote: 3-2) *6-f 
20-0393 ZON17-00607 (District 6) 
Within the 8000 through 8400 blocks of East Warner Road (north side), the 4000 through 4400 blocks of the South Hawes Road alignment (west side), the 8400 through 8800 blocks of East Elliot Road (south side), the 3600 through 4000 blocks of the South Hawes Road alignment (east side), the 8800 through 9200 blocks of East Elliot Road (south side), the 8800 through 9200 blocks of East Warner Road (north side), and the 3600 through 4400 blocks of South Ellsworth Road (west side) 
(595± acres). 
Rezone from AG to RSL-4.0, RSL-2.5, RM-5, OC, LC, GC, LI, and MX with a PAD Overlay. This request will establish the ‘Hawes Crossing’ PAD to guide the future review of specific plans of development. 
Jordan Rose, Rose Law Group, applicant; 
State of Arizona, owner. Staff Recommendation: Approval with conditions P&Z Board Recommendation: Approval with conditions (Vote: 3-2) *6-g 
City of Mesa Page 12 Printed on 4/4/2020

Re: REITS

Something old posted on this blog Dec 2017and something new and recent just yesterday from Bloomberg News (excerpts)

After $50 Billion of Losses, No One Comes to Save the Mortgage Market

  •  
    Many publicly traded U.S. REITs have lost most of their value
  •  
    Starwood Capital, JPMorgan among those in hunt for bargains
An index of commercial mortgage-backed securities plunged in March




The market for mortgage-backed securities was in free fall, with fear running rampant and banks seizing collateral.
So Tom Barrack, the chairman of real estate investment trust Colony Capital Inc., published an 1,800-word plea for the Federal Reserve to buy bonds backed by homes, cars and other assets and for banks to halt margin calls.
That was last Saturday. In the week since, three top investors in the sector have engaged restructuring advisers, two others sold $7 billion of debt at a discount and publicly traded mortgage REITs in the U.S. lost more than $12 billion of market value, bringing total declines this year to at least $50 billion.
The carnage shows no signs of abating. Prominent asset managers includingBlackstone Group Inc., TPG and Apollo Global Management Inc. have been sucked into the vortex wrought by the coronavirus pandemic, with their associated mortgage REITs losing more than two-thirds of their value on average so far in 2020.
List of Firms and Decline through April 2
AG Mortgage Investment Trust(88 %)
Exantas Capital(86 %)
MFA Financial(86 %)
Granite Point Mortgage Trust I(84 %)
Western Asset Mortgage Capital(84 %)
Invesco Mortgage Capital(82 %)
Redwood Trust(82 %)
TPG Re Finance Trust(81 %)
Two Harbors Investment(77 %)
New York Mortgage Trust(76 %)
Ladder Capital(74 %)
New Residential Investment(74 %)
Colony Credit Real Estate(73 %)
Cherry Hill Mortgage Investment(72 %)
Anworth Mortgage Asset(72 %)
Apollo Commercial Real Estate(71 %)
Arbor Realty Trust(70 %)
In some cases, asset managers’ private funds are bidding on assets being unloaded by their own publicly traded REITs. New Residential Investment Corp., managed by Fortress Investment Group, sold bonds with a face value of $6.1 billion. One of the buyers was an entity also affiliated with Fortress, the company disclosed in a filing Thursday. . . 
An index of commercial mortgage-backed securities plunged in March
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> 1 FROM THIS BLOG: 

03 December 2017

Sign-Of-The-Times > In Real Estate We Trust | The Rise of REITs

Texas mall price plunges
|
By:, SA News Editor 
How'd we miss this one?
The WSJ's Esther Fung last night detailed the growing phenomenon of selling malls online.That mall sales are going digital shouldn't be surprising in 2017, but check out the recent sale of Vista Ridge Mall in Odessa, Texas.
 
It could give pause to bottom-fishing mall/shopping-center investors.
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> 2 from this blog

Under-The-Radar Real Estate Investment Trusts REIT

Needless to say some people "trust" more than others, but what the heck let's just scan the open skies to see what's on the radar screens. As they say there's a lot of opportunities out there. Let's see if your MesaZona blogger can hit on just one - right here in Mesa: DuPont Fabros Technologies
6 Great Data Center REITs For 2017
First some background and context. 
The need for data centers is growing, and these REITs could be a smart way to invest in it
Matthew Frankel Mar 13, 2017 at 12:03PM
Data centers are a relatively new and growing form of real estate to invest in. 
As of 2017, there are several pure-play data center REITs listed on U.S. stock exchanges, including the industry's two largest companies, Equinix(NASDAQ:EQIX) and Digital Realty Trust(NYSE:DLR)
Here's why data center REITs could be a smart addition to your portfolio, and a little information about each of the options.

CompanySymbolMarket CapRecent Share PriceDividend Yield
EquinixEQIX$26.9 Billion$376.012.13%
Digital Realty TrustDLR$16.6 Billion$103.983.58%
CyrusOneCONE$4.2 Billion$48.203.49%
QTS Realty TrustQTS$2.3 Billion$48.763.20%
DuPont Fabros TechnologyDFT$3.7 Billion$47.434.22%
CoreSite RealtyCOR$2.9 Billion$86.513.70%
PLEASE NOTE: Chart is author's own.
Market cap, share prices, and dividend yields are current as of 3/10/17.
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Related content:
The Retail Apocalypse Is Demolishing Mall Investors 
"  . . Some of the share prices more than doubled over those years, as part of the commercial property bubble that got so huge that the Fed keeps publicly fretting about it, naming it as one of the reasons for raising interest rates, precisely to tamp down on the valuations. The Fed is worried that an implosion of these inflated commercial property values can take down the banks.
Mall REITs were part of this inflated commercial property universe, and they soared with it. That entire universe is now peaking. But separately, mall REITs are also caught up in the relentless brick-and-mortar retail meltdown, as online shopping is taking over. This is a structural shift that will continue to progress. Mall owners are already trying to find a way to “repurpose” their malls. But this isn’t going to be smooth.
As so many times, Private Equity firms are in the thick of it. . .: 
Read… I’m in Awe of How Fast Brick-and-Mortar Retail is Melting Down

One More Hit on Zoom:

On April 1, Yuan issued a blog post on Zoom’s website, saying “we recognize that we have fallen short of the community’s – and our own – privacy and security expectations. . . 

Zoom CEO ‘Messed Up’ as Trolls Invade a Coronavirus Haven: WSJ

Eric YuanT
The Federal Bureau of Investigation issued a warning Monday about videoconference hijacking, the Journal said. In the U.S., 27 attorney general’s offices have raised questions about privacy issues, Zoom said, adding that it is cooperating with authorities.
Zoom’s CEO said he “messed up” in releasing a product that has been easily invaded by trolls while users count on it as the virtual town square of the coronavirus epidemic.
Eric Yuan, head of Zoom Video Communications Inc., promised an option for end-to-end encryption, but that won’t be ready for several months, the Wall Street Journal said, citing the founder.
“‘If we mess up again, it’s done,’ I thought a lot last night,” Yuan said, according to the newspaper.
Zoom has already lost one high-profile user. Elon Musk banned the use of Zoom for SpaceX and Tesla due to privacy concerns, the Journal said, citing Yuan.
“Zoombombing” -- where unauthorized people get access to a meeting and share hate-speech or pornographic images -- started trending on social media. Security experts found publicly highlighted problems with Zoom’s technology could leave user data vulnerable to outsiders’ exploitation.
The service once mostly used for client conferences and training webinars has become a place during the coronavirus lockdown for virtual cocktail hours and exercise classes. It’s the most downloaded free app on Apple’s iOS App Store, ahead of TikTok, DoorDash, and Disney+.


SUSPICIOUS OBSERVERS: A Blast-From-The-Past Relevant Today

Big Storm, Electric Dust, Blast from the Past

Suspicious 0bserver News 04.05.2020


179 views
Apr 5, 2020

More Than You-Want-To-Know About ZOOM (The Hot IPO)

Let's take a look how they company jumped ahead of its competitors using "the network effect" - notice how close up you can see user
s faces and the backgrounds, but as readers of this blog know there have been issues over privacy and security

How Zoom Rose To The Top During Social Distancing

100,436 views
Apr 4, 2020
Zoom has gained an incredible amount of popularity, but that popularity comes at a cost. The company is under intense scrutiny now that hundreds of millions of people are using the platform. But Zoom is in the game for the long haul, if it can survive a post-COVID-19 world, and can continue to fix privacy complaints as they come up. With millions of people being forced to stay home to help stop the spread of COVID-19, many have found creative ways to virtually stay social through happy hours, trivia nights and birthday parties. And Zoom, one of the dozens of video conferencing services, has risen to the top, thanks to intense separation measures and a profound resonance within this new social distancing culture. Daily downloads of the Zoom app have increased 30x year-over-year and the app has been the top free app for iPhones in the United States since March 18, according to Bernstein Research and Apptopia. Zoom said daily users spiked to 200 million in March, up from 10 million in December.  But it hasn't been without scrutiny. Privacy concerns have been rising around Zoom, including "Zoombombing," where a malicious user will join a Zoom meeting and show explicit or disturbing images. CEO Eric Yuan apologized on Thursday for the security lapses and outlined what the company is doing to fix those problems. Watch the video to learn how Zoom became the go-to platform, how it is handling the influx of users and whether the company's success can be sustained after offices open back up. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC

From The Infographics Show > Dumb Things + Death by Selfie

Multiple incidents - if there is a message, . . .
Today we're looking at some of the most daring social media influencers who risked their lives for the perfect selfie. You will be amazed at the crazy ways people have risked their lives trying to get the perfect profile picture. Some people have tried to pose with sharks, while others climbed to the top of a skyscraper, or posed on the train tracks while a moving train approached!
85,467 views
Apr 4, 2020

Check out my new channel I Am: https://www.youtube.com/channel/UCH5Y... 🔔 SUBSCRIBE TO THE INFOGRAPHICS SHOW ► https://www.youtube.com/c/theinfograp... 🔖 MY SOCIAL PAGES DISCORD ►https://discord.gg/theinfographicsshow Facebook ► https://www.facebook.com/TheInfograph... Twitter ► https://twitter.com/TheInfoShow 💭 SUGGEST A TOPIC https://www.theinfographicsshow.com

Origin Stories > One More If You Think You Can Handle The Truth, Here It I

Laboratory research on risky strains of "super bugs" and pathogens

If You Think You Can Handle The Truth, Here It Is! (2020) Subscribe: https://www.youtube.com/user/anonymou... Support: https://www.youtube.com/channel/UCaKZ... for more
__________________________________________________________ truth message technology mind control america society warning world news current events 2020 __________________________________________________________ Visit https://www.youtube.com/channel/UCaKZ... for more See the full video: https://www.youtube.com/watch?v=15YKs... Special thanks to Dr. Rashid Buttar https://www.AdvancedMedicine.com https://www.youtube.com/user/drbuttar Please SHARE this as widely as you feel drawn...use it to target your local bureaucrats, technocrats, health practitioners, local and federal government agencies and more than anything else...your family and friends. Content licensed in part by CTD Clip Licensing Group. For concerns regarding material used in this video, please contact us via email at: anonymous.official.reply@gmail.com and and we can sort it out.

Zelensky Calls for a European Army as He Slams EU Leaders’ Response

      Jan 23, 2026 During the EU Summit yesterday, the EU leaders ...