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Tag: real estate

Resolute Appointed as Receiver for a Fractional Ownership Golf Resort Community

SCOTTSDALE, ARIZONA (October 12, 2016) – The Superior Court of the State of Arizona, Maricopa County, appointed John Mitchell on October 12, 2016 as Receiver in the case of Seven Canyons ReCap, LLC vs. Villa Renaissance, LLC. The case involves the disposition of 6 wholly-owned and 7 fractional interest units in The Villas at Seven … Continued
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Solve and Resolve

How do you eat an elephant? “One bite at a time,” jokes Jerry Foster of Resolute Commercial Services. But, for Foster, the elephant was $75 million of debt and a borrower in default after attempting to purchase the Minnesota Vikings. Ultimately he succeeded, in part; but the other dozens of businesses he owned went into default. “He’s goes from $80 million to … Continued
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Makutu’s Island Family Fun Center to reopen in Chandler

New owners have invested nearly half a million dollars in new features and upgrades to the 20,000-square-foot center.   Makutu’s Island, a longtime family fun center in Chandler, reopens in late June with a new look under its new ownership.   Husband and wife Kiran Bapatla and Kiran Vedantam purchased Makutu’s Island for an undisclosed … Continued
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Resolute Commercial Services Appointed Receiver Of Lake Pleasant Heights Property

Resolute Commercial Services, an Arizona-based receivership and corporate renewal firm, has been appointed receiver of the Lake Pleasant Heights Property in Peoria. Resolute will assist in the re-working of the Master Planned Development with the city of Peoria. The firm will also develop a water solution and transportation plan for the property. Once property development … Continued
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