February, 2008 RSS Icon
Found 2 entries for February, 2008.

The Casas Adobes area of Tucson is bordered by Thornydale on the west, Orange Grove on the south, First Avenue on the east, and Overton Road on the north. This area is home to over 50,000 people, many of whom would not consider living anywhere else in Tucson because of its unique character. The history of Casas Adobes is pretty interesting.

It was started by an Italian man named Sam Nanini, who hailed from Chicago but was born in Tuscany. Like many Tucsonans of the early to mid 1900’s, he moved here for health reasons. His wife suffered from bronchial asthma. Nanini owned a brickyard and had a background in construction. In the 1950’s, he began utilizing his bricks in aptly named subdivisions: Casas Adobes Estates, Casas Adobes Heights and Casas

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From the executives who brought you the First Magnus disaster, please welcome their new endeavor called Stonewater Mortgage Corporation!

Seriously, the Arizona Corporation Commission approved Stonewater and three related corporations on Jan 31 and Feb 1, 2008. Some of the companies have ties to a Delaware holding company, and one lists the name of First Magnus Chief Operating Officer Karl F.W. Young. Also, a domain-registry database shows that the web address stonewatermortgage.com has been reserved by Gforce-1, a partnership formed by First Magnus President and CEO G.S. Jaggi and Young. The same people that ran First Magnus into massive problems are getting ready to start up a new entity.

Now to be fair, the First Magnus situation (credit

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