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July 2014 Archives

What is adverse possession?

Adverse possession is a process through which a trespasser openly and exclusively inhabits another individual's abandoned or neglected property under a claim of right and, if the trespasser remains on that land for a consecutive period of time, he or she acquires legal title to that property. Depending on the circumstances, other conditions must also be met before title can be obtained, and they vary depending on the state.

Proposed FAA restrictions could impact Phoenix developments

Those who are considering developing property in Phoenix or any other city in Arizona must be aware of the legal complexities that might arise. Developers may face issues related to land acquisition, zoning, and development agreements. Yet, even when one thinks he or she knows all the rules and regulations that apply to his or her situation, things can change quickly, threatening to put their development dreams on hold.

Foreign buyers scooping up real estate in Arizona

With its warm weather and beautiful landscapes, Arizona is a great place to live. This has drawn many to the state, including individuals from other countries. In fact, across America last year, more than $92 billion in real estate was snatched up by overseas purchasers. The primary driver of such sales is wealthy Chinese, whose buying increased 72% last year with the mean purchase in excess of $590,000. Arizonans may be interested to know that much of these foreign purchases are occurring in their state.

Phoenix City Council approves construction projects

Commercial developers often breathe a sigh of relief when property is successfully purchased. Yet, this is often just one of the many steps that must be completed in order to build profitable businesses and residences. In far too many instances, construction disputes arise that threaten to leave a commercial developer with a delay and lost profits. Conversely, developers who fail to make on time payments to a builder or a material supplier may cause the construction company to lose money and time and might even damage its reputation.

Arizona cinema purchased by Kansas-based company

When a major transaction is being made, there are many decisions to make in the process. In addition to understanding the paperwork and negotiating a good deal, businesses and individuals in Arizona should ensure the purchase would provide them with capital gain. In order to properly benefit from it, a commercial real estate transaction should be adequately planned and financed for. Furthermore, the commercial property should be in a location that could support the usage of the building. When this is accomplished, a successful operation could take place.

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