A Blog mainly on Carefree, Arizona Real Estate. Properties of value or note in other areas. My other Whim's... Jets, perhaps stocks on the Horizon......
Arizona Regional MLS - IMAPP Maricopa County Tax Report - 6447 N PALO CRISTI RD, PARADISE VALLEY, AZ 85253-3746 Report Prepared By William Donaldson
PROPERTY INFORMATION
APN:164-04-099 MCR #31202 Property Type: Residential Property Address: 6447 N PALO CRISTI RD PARADISE VALLEY, AZ 85253-3746 Maricopa County Current Owner: ROBERT & SHARON J BOYAJIAN JR Tax Mailing Address: 6447 N PALO CRISTI RD PARADISE VALLEY, AZ 85253-3746 Legal Class: OWNER OCCUPIED RESIDENTIAL Land Areas: 1. SFR GRADE 010-6 URBAN SUBDIV Lot Size: 5.51 acres / 240,049 sf County Zoning: R-43 / RESIDENTIAL WITH 43,000 SF MINIMUM (100.00%) City Zoning: R-43 / RESIDENTIAL WITH 43,000 SF MINIMUM (100.00%) Subdivision: MEDICINE MAN RIDGE 4 LOT 1 2 Twn: 2N / Rng: 3E / Sec: 12 Block: / Lot: 2 Census Tract: 105103 Block: 3012 Lat: 33.530483 Lon: -112.003011 Legal Description: MEDICINE MAN RIDGE 4 MCR 312-2
SUBDIVISION DETAILS FOR MEDICINE MAN RIDGE 4 LOT 1 2
July 19, 1993|By Hiawatha Bray | Hiawatha Bray,Knight-Ridder News Service
Reading this book may make you wish that the late Orson Welles had taken better care of himself.
He might still be with us, ready to film his next masterpiece: the bizarre story of Charles Keating -- devout Catholic, loyal family man, daring real estate developer and bank robber. A "Citizen Kane" for the 1990s.
Michael Binstein, an associate of journalist Jack Anderson, and Arizona free-lancer Charles Bowden have written the best business book since "Barbarians at the Gate." "Trust Me" is journalism as Orson Welles might have practiced it -- not a cool, factual narrative, but a hilarious and rather scary tale of one of the strangest crooks of modern times.
The authors don't offer pat explanations of Keating's character. Instead, they use court records and interviews with Keating and his friends and foes to describe in detail the world Keating created and then destroyed.
Mr. Binstein and Mr. Bowden do ask us to take a great deal on faith. They admit that many of their anecdotes came from people who don't dare speak about Keating on the record, even though the man's doing 10 years in a California prison. Still, his criminal record is there for all to see, a catalog of astounding greed and corruption.
Like dozens of other financial wizards of the past decade, Keating realized that the deregulation of the savings and loan industry was essentially a license to steal. S&Ls once were the most conservative of institutions, kept that way by archaic federal regulations. The industry needed reform. Instead, it got anarchy.
S&Ls won the right to invest depositors' money in high-risk ventures, with the federal government guaranteeing to make up any losses to depositors. So S&L owners could invest in any smelly deal that hinted at a profit. If they were wrong, America's taxpayers were on the hook.
For Keating, a compulsive gambler who kept a craps table in his Phoenix home, the new rules meant he could break the bank. So he went out and bought a bank -- Lincoln Savings & Loan in Los Angeles. And then he broke it.
Through Lincoln, Keating lent himself hundreds of millions of dollars, in flagrant violation of such banking laws as still existed. About $80 million of the money was poured into Detroit's Pontchartrain Hotel. But that's nothing compared to the $300 million he poured into a huge luxury hotel in Phoenix.
There were many more deals. And then there were the millions in salaries, and the private air force -- three jets and a helicopter -- that whisked Keating to the world's most lavish resorts. And the vast contributions to friendly politicians.
All of these were paid for by people who'd simply wanted a safe place to deposit their savings. But at least the federal government will come up with the $2.5 billion these people lost. Thousands of others, many of them elderly, won't be so lucky. They put their life savings in uninsured junk bonds issued by Keating, and saw their money turn to wastepaper.
So where's the mystery? In the contradictions.
What can you make of a man who spends three days in a Yugoslavian peasant hut praying to the Virgin Mary, then hops his corporate jet for a trip to the casinos of Monte Carlo?
Keating donated millions to charity. When Mother Teresa came to America, his private air force was at her disposal.
But none of the money came out of Keating's pocket. Lincoln depositors and bondholders picked up the tab.
We learn that Keating routinely used racist epithets and claimed that the San Francisco bank examiners who investigated Lincoln were homosexuals with a vendetta against him. He loved to look down from his office window and fire the first employee he saw walking by. Yet he was horrified when he learned that many people despised him.
Keating became one of the nation's most prominent campaigners against pornography, and there seems no doubt that he genuinely hates the stuff. Yet he surrounded himself with attractive blond women, ogling them as they scurried through the office. Women who worked for Keating soon learned to cater to his tastes. So many of them got breast implants that one Phoenix plastic surgeon began offering a corporate discount.
There's a shocking or hilarious revelation about the world of Charles Keating on nearly every page of "Trust Me."
He comes across as a man driven by urges that even he barely understands. But rather than work through his passions with a priest or psychologist, Keating unleashed them on the American economy, with disastrous results.
Maybe with all that prison time on his hands, Charles Keating will write a book and explain himself, something Charles Foster Kane never did. Until then, "Trust Me" will likely stand as the final word on this enigmatic swindler.
Securities litigation, M&A and corporate governance disputes:
Mr. Ericson is co-leader of the firm's Securities Litigation team and the managing partner of the firm's San Francisco office. Since 1998, his batting average in obtaining dismissals of securities class actions and having them affirmed on appeal has been over .666. Mr. Ericson represents public companies, their boards and their senior management in securities and corporate governance disputes of all kinds, in SEC investigations and SEC litigation, and in internal investigations, including situations involving disputes among senior management and significant questioning by outside auditors. He was named "Northern California Super Lawyer" in securities litigation in 2006, 2007, 2008, 2009 and 2010.
Banking investigations and litigation: Mr. Ericson represented federal bank regulatory agencies in the investigation of Charles Keating, American Continental Corporation and Lincoln Savings and Loan Association, and in an action against the former officers, directors and shareholders of Southwest S&LA, including Governor J. Fife Symington, III of Arizona. The Southwest litigation resulted in an eight-figure settlement. Mr. Ericson also represented a federal bank regulatory agency in a mediation against a Big 4 accounting firm (obtaining a seven-figure settlement) and in other investigations of directors, officers, lawyers and accountants.
Rennert caused controversy among his neighbors by building a beach front home in Sagaponack, New York considered one of the largest occupied residential compounds in America.[28] The house outraged locals, who claimed Rennert originally planned to use it as a spa, a hotel, or a religious retreat. Rennert denied such allegations, and the local paper later issued an apology.[29] Rennert named his home after the adjoining body of water, Fairfield Pond. The house faces the Atlantic Ocean and its grounds measure 63 acres (250,000 m2). The buildings, which total over 110,000 square feet (10,000 m2), including the 66,000-square-foot (6,100 m2) main house, have an Italianatefacade, 29 bedrooms, and 39 bathrooms. The house has a dozen chimneys and a Mediterranean-style tile roof as well as a 91-foot (28 m) long formal dining room, a basketball court, a bowling alley, two tennis courts, two squash courts, and a $150,000 hot tub. Its property taxes in 2007 were $397,559.00. Based on these taxes, the home is currently valued at $190 million[25] making it the most valuable home in the Hamptons, and among the most valuable in the United States.
Besides his house in Sagaponack, Rennert owns a duplex apartment on Manhattan’s Park Avenue, a home in Israel, and a Gulfstream V jet. He reportedly gave matching $30m+ apartments on Park Avenue as gifts to his two daughters.
A once in a lifetime opportunity to own a property that is irreplaceable for many reasons. On a leveled hill with the best views possible: lights of 3 cities, major landmark mountains of Camelback, South Mountain, and Phx Mountain preserve; heighth restrictions that can't be duplicated; country club-like grounds with Olympic size pool, tennis, and over-size poolside kitchen; 3 parcels; a retaining wall that would cost millions to build today, and a house that is more like a palace than just a home. It needs renovations but is priced far, far below replacement costs and could be brought to fit today's life style for the rich and famous.
Homeowners have reduced price to sell! Welcome to this grand estate popularly known as `The McCune Mansion` located in the prestigious town of Paradise Valley, Arizona. Only minutes from private and international airports, this home is situated on nearly 6 hilltop acres with unobstructed 360-degree views of the valley including Camelback Mountain and Phoenix city lights. This RARE-investment opportunity includes two separate parcels of raw land outside of the fully-enclosed estate. Guard house, guest house, theatre, ballroom, billiard room, and SO much more! This home awaits your personal decor & renovation!
PROPERTY will no longer posted in the MLS system as of 11/16/07; however this estate is still being offered for sale. Please call listing agent for more information and private showing. **Popularly known as the 'McCune Mansion', this 52,000 sqft home boasts 360-degree city light and mountain views! Minutes from downtown, this 6-acre hilltop Paradise Valley estate allows your dreams to run wild with amazing design possibilities!
Built in 1962 by Walker McCune, heir to the Penzoil fortune. my father’s wife had not divorced him, he died before the final, and he never finished the house because she hated phoenix and the house!
Thanks
Paige.
He spent the remainder of his days living in the guest house!
The next owner was Gordon Hall. Gordon Hall got rich with 24-Hour Nautilus Health Clubs. Then, he went into real
estate. Then, he went bankrupt. And then, mysteriously, he surfaces again and
buys the Mansion.
In 1997 Gordon Hall is indicted on Federal fraud
charges pertaining to the health club stock. He is also linked to various Mafia
crime families.
. Here is some great stuff about Charles Keating. Gordon Hall let the mansion go back to Southwest Savings on 10/29/1987. The Resolution Trust Corp., who was the receiver for Southwest savings then transferred the deed back to Southwest Savings and Loan Association on 3/19/90 for $3,050,000. The next owner is a Bruce Jennings who then transferred title to George A. "Geordie" Hormel, heir to the Hormel food fortune.
3/5/1991 Hormel paid $3,750,000.
WHAT I SAY:
It takes a Billionaire. This is a gut and redo. Even if you pay cash for the house, I estimate monthly maintenance/utilities/ staffing would cost $100,000-200,000 a MONTH. A spectacular well built trophy house in Paradise Valley with Prominence and Provenance.
APU: Honeywell GTCP36-150(F2M) SN: P-417 969 Hours 1456 Cycles On MSPEngine Specs: Pratt & Whitney PW 308C ENGINES ON ESP GOLD Left: S/N PCE-CF-0168 1291.7 Hours 695 Cycles Right: S/N PCE-CF-0169 1291.7 Hours 695 CyclesAvionics/Radios: Honeywell EASy Flight Control & Display System w/dual MA-920 modular avionics units (MAU) including: Dual Honeywell EASy FMS w/third FMS Dual Honeywell GPS EGPWS w/ Enhanced Flight ID Dual AZ-200 Air Data Modules Auto Throttles Dual Laseref V IRS w/third Laseref V Dual Honeywell EASy Modular Radio Cabinets (MRC) including: Dual TR-866B VHF Digital radios w/third VDR (25KHZ/8.33 KHZ spacing (FM Immun. Standards) Dual NV-875A VOR/ILS Marker Modules Dual DF-855 ADF Modules Dual DM-855 DME Modules Dual XS-875A MODE S Transponder Modules Dual Collins HF-9000 HF Systems Honeywell DU-880 Weather radar ACSS TCAS 2000 Dual RT-300 Radio Altimeters Triple Honeywell AV-900 Digital Audio Control Panels w/SELCAL Honeywell EASy Electronic Jeppesen Charts Honeywell EASy Communication Management Function W/Arinc Direct & Graphical Weather Meggitt MK2 Secondary Flight Display Laptop computer for EASy maintenance/updates ELTA ADT-406 three-frequency (121.5.243.0, 406.025 MHZ) ELT Honeywell SSCVR Solid State Cockpit Voice Recorder Honeywell SSFDR Solid State Flight Data Recorder Securaplane XL-245C Lead Acid backup batteries for EASy and secondary flight displayAdditional Equipment: Brake Heating Mod Flight Deck Printer Miltope TP-4840 Satcom Aero H+ Honeywell MCS-7000 (seven-channels) with Honeywell AFIS Recognition (4) Lights Teleflex LED Wingtip Navigation Lights Partial Wiring Provisions for HUD
Exterior: Overall Matterhorn White with Dawn Gray and Vivid Red stripes.Interior: 10-place interior with fully berthable seats in club configuration. A conference group with four seats and two seats across the aisle from conference seating. Forward galley with sink, TIA convection oven, microwave oven and coffee maker. Aft lav with vanity. Honeywell PA/chime entertainment and cabin management system. Forward bulkhead Honeywell 20” LCD monitor. Two (8.4”) Rosen plug-in LCD monitors. Airshow 410. Video DVD player (multi-region 1-6) Honeywell. Airborne radio telephone Teledyne controls Magnastar C-2000 with two cabin and one cockpit handsets. Brother facsimile, copier, printer.