BY RODRIC J. BRADFORD Experts discuss the process, rights and benefits of placing a property into receivership An increasing number of commercial real estate professionals are looking to court appointed receivers to help maintain the integrity and value of a property that is heading toward foreclosure. Just a few years ago the terms “Receiver” and [...]
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In The NewsReceivership RoundtableThursday, September 1st, 2011Hannay Investment Properties has sold Sundancer Apartment Complex in Tolleson, AZ for a reported $1.75 million.Friday, November 19th, 2010Hannay Investment Properties, a court appointed receiver, sold the 76-unit Sundancer Apartment complex located at 400 N. 96th Ave. in Tolleson, AZ to Navaho Holding, Inc. for $1.75 million, or approximately $23,000 per unit. The 66,160-square-foot apartment community consists of 24 one-bedroom and 52 two-bedroom units. It was built in 1985 in Maricopa County and [...] Read moreHannay Investment Properties Expands Services to Include Self-StorageTuesday, November 9th, 2010Hannay has expanded their service offerings to include Self-Storage as well as Receivership services. The company is also looking to expand to other markets in the West and Southwest. Read moreCraig Hannay Featured : Hannay Investment Properties SMALL COMPANY, BIG ACCOMPLISHMENTSSunday, November 7th, 2010Today, when most Arizona real estate companies are downsizing and fighting for survival, Hannay Investment Properties finds itself able to meet the challenges of these tough economic times. Led by Craig Hannay, the company’s president, the firm has been able to quickly and nimbly position itself into a key niche of the growing commercial real [...] Read moreHannay Investment Properties triples staff and expanding into California and NevadaWednesday, May 19th, 2010(Phoenix, AZ) Phoenix-based Hannay Investment Properties have seen their business grow substantially in the last six months, and they are planning to expand into other markets in the West and Southwest. In the past year, the firm has tripled the size of its staff from six to 18 full-time employees, and they anticipate adding another [...] Read moreHannay Adds to StaffMonday, May 10th, 2010People on the Move Hannay adds five key executives: John Schweikert, vice president; Reid Bracken, senior asset manager; Joseph A. Brown and Paul G. Asher, senior property Managers; and Dan Schweikert, Controller; to help support their growing receivership business. Read moreLenders more inclined to work out commercial loansFriday, February 26th, 2010Distressed commercial loans — whether for office, industrial, retail or even multifamily housing — have a better chance of getting a mortgage modification than underwater homeowners, local real estate experts say, because those lenders have more at stake. Read moreHannay Investment Properties Upgrades Services to Meet Demands of Changing Real Estate MarketTuesday, February 23rd, 2010After decades of experience in the commercial property management and real estate investment business, privately-held Hannay Investment Properties (http://www.hannayproperties.com) has expanded its business offerings to meet the demands of today’s changing marketplace. Read more |
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