Arizona's three state university presidents presented a united front Friday after a surprise lawsuit from the state attorney general went after Arizona State University's real-estate projects. Attorney General Mark Brnovich filed suit in Arizona Tax Court Thursday over the university's use of tax-exempt land for private development. Land owned by the universities is exempt from property taxes under Arizona law. At a Greater Phoenix Chamber event Friday morning, the presidents of the University of Arizona and Northern Arizona University made clear they stood with ASU. ASU President Michael Crow, who also spoke at the event, questioned how the attorney general's office could sue a state body when the office also represents them in other matters. "I've never been in a situation where my own lawyer would sue me. To be frank, I'm not really sure what that is about," Crow said. Brnovich technically sued the Arizona Board of Regents, which oversees ASU. This is a … [Read more...] about UA, NAU presidents back ASU against attorney general in real estate lawsuit
Real estate court cases
Opinion: Arizona can't have top-notch universities as 'nearly free as possible' without state funding or creative real-estate deals to get cash. On its face, the Arizona attorney general’s lawsuit over Arizona State University’s lucrative real estate deals may have merit. But rather than merely hailing Attorney General Mark Brnovich for going after the university’s entrepreneurial practice, we must ask these questions: Why is Brnovich suing his client – again? Brnovich is suing the state’s Board of Regents to force the owners of a planned 330-room Omni Hotel to pay property taxes. He argues that it is illegal for ASU, which is tax-exempt, to allow for-profit companies such as the Omni hotel to build on university-owned land and thus avoid paying property taxes. The court will now decide who’s right. Brnovich, who says is unconstitutional for ASU to rent out land to a private company, or the university that says it has done nothing wrong. As attorney … [Read more...] about Angry over ASU tuition rates and real estate deals? Blame the Legislature
SATELLITE BEACH — When James Gaskin owned his South Patrick Shores pharmacy nearly three decades ago, people in the area were worried about reports of seemingly higher-than-normal cases of cancer. As a businessman with a medical and science background, people expected Gaskin to separate the dire talk from facts during that early summer of 1991. Were the residents of South Patrick Shores and neighboring Satellite Beach in danger? Would fears over a cancer cluster cause their home values and business investments to plummet? Gaskin wanted to be a calming voice but he simply couldn't provide any answers. He barely knew what Hodgkin's disease was then and the 10 cases of South Patrick Shores residents diagnosed with the rare lymphatic cancer were a sad and tragic mystery. One of those diagnosed, James Crockett, worked as a stock boy and and clerk as a teenager at Gaskin Rexall Drugs. Crockett died from the cancer at … [Read more...] about Will cancer mystery cool Satellite Beach growth, slam the brakes on hot real estate market?
High-priced real-estate seminars promise to teach unlicensed novices how to make big money buying and selling property, but Ohio officials say there's a problem: Unwitting students who follow the advice might be breaking the law. The officials' concerns center on a practice known as "flopping" that, according to three officials with the Ohio Department of Real Estate & Professional Licensing and two real-estate lawyers, is illegal without a license. A Cincinnati Enquirer investigation found that during a recent three-day seminar, the instructor — Gerald Martin, a self-proclaimed real-estate guru teaching for FortuneBuilders Inc. — gave students instructions on the practice, but seminar attendees weren't warned that by following the advice, they might be breaking the law. Attendees were required to sign a waiver promising not to sue the organization if any of the taught practices got them in legal trouble. Anne Petit, superintendent of the Ohio Department of Real Estate … [Read more...] about Real-estate sales tactic skates the line
MOSCOW — Elena Y. Kotova’s one-room apartment on the outskirts of Moscow had started to feel cramped. Her son was almost 4 years old. She and her husband had solid jobs, she as an economist and he as a manager of a construction company. It was time to buy a new home. “We just need the space,” she said. They found a two-bedroom apartment and secured a mortgage as well as a buyer for their former home. As closing day approached, the couple had one task to complete. Each would need a certificate of sanity from a psychologist. “They will look at our psychological state,” she explained. “If everything is normal, they will give us the document.” Ms. Kotova, and tens of thousands of other Russians who are required to produce such a document to sell property, have no history of mental illness. The certificate, which must be signed and stamped by a doctor, is a legal defense against a pervasive problem in Moscow real estate deals: rampant fraud … [Read more...] about Selling Real Estate in Russia? Are You Crazy?