NEWSFLASH:
Commercial Building Problems:
I was visiting with a friend who read an article, I believe from the Wall Street Journal. It said that Southwest Phoenix planned to warehouse and redistribute containers from Los Angeles to the East Coast. The buildings are over a million square feet each. So Southwest Phoenix now has over 8 million square feet of unleased warehouses.
I wonder what happened to getting contracts before taking on such large building projects. I hope there is no city money involved. This will take years to clear up.
Phoenix lenders are now calling commercial building owners for whom they have loans. They are getting new appraisels on these properties. The lenders are asking if the same tenants are at the properties and what the vacancies are. The lenders are requesting copies of leases between the owner and tenants. When these loans come due, refinancing could be a problem.
Lordsburg, New Mexico Homes for Sale
Anyone looking for a home in Lordsburg, New Mexico? There are 2 homes adjacent to each other on 60 acres. The land can be split into a 20 and 40 acre parcel. One mobile home has a wood deck surrounding the front of the home. There is a detached garage behind the home.
The other home has a detached airplane hanger and its own airstrip behind the home. Lordsburg sits in a valley and is surrounded by higher elevations. The clean air and quiet experience is great for restful vacations. You can see for miles.
For more details contact: Carlena Grimmett
(928) 821-0506
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