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Show Enterprise Review, March 17, 1976 Lending Activity up 14 Lending activity increased by 14 percent in the month of February, Security Title Company reports. The average VA loan for the month was $31,288, up from Januarys and recreational uses. Most of average of $30,565. February is to incorporate totals for FHA loans the multi-us- e averaged office space. from $32,464, up $28,246. Smaller centers tend to Conventional loans were averfavor office use while larger aging $31,173 for the month centers involve a multiplicity down from Januarys average of uses. of $32,870. The combined The trend toward expansion average loan for the month has not settled in the inter- was $31,363. mountain west as yet, but as There were 1,703 Warranty land becomes more scarce or Deeds recorded in February, I look while Trust Deeds and Mortmore difficult to for existing centers to expand gages numbered 1,766 for a upward, enclose themselves total of $56,581,641. as malls or otherwise Security Title reported that lenders made 2,039 FHA, VA, and conventional loans total ing $36,945,750. This is an increase in lending activity of approximately 14 percent from January. The top lenders were Investment Summary Chuck Akerlow It appears nationally that as many developers are expanding existing shopping centers as are constructing new ones. This, according to the International Council of Shopping Centers (ICSC), is the forecast for 1976. As of this writing 605 ' projects are scheduled for completion in 1976, 49 percent of which are expansion pro- jects. Viewed from another per- spective, even though half the projects are expansion they h of represent only the gross leasable area under one-fourt- m r construction this year. Still, more expansion projects are under way than ever before. Of the new shopping centers to open this year more than half (56 percent) are under 100,000 square feet. The emphasis in Utah is on centers of this size and I expect well see no larger centers in Utah for at least two years. Another interesting factor is that more than 20 percent of the new projects are multi-us- e adding either office space, motel, hotel, medicaldental ueveg. imz i IHFBHBMBR. Feeo &U Mf 03 OH A TRIP- r m ALSO 60 A 1RIP- - - feeouKB -. iohbcf ob- I Feeu FR&S L-B- TO 6ernu6 RBAPY TO 60 OH A is N feeu TOP. Am- QOHBP. e7i mFetiSbe. If one eliminates the- oval office itself, at least 75 percent of our politicians view the United States Senate as a temporal heaven. The pay is good, the hours are what one makes of them, retirement benefits are generous, and the prestige is enormous. Unlike the 435 members of the House of Representatives who .must wear identification badges so the doorkeepers will allow them to enter their chamber, the 100 Senators constitute the most exclusive club in the w'orld. Utah officeholders literally have been willing to put their public careers on the line for the chance to be a Senator. Dave King in 1962, Larry Burton in 1970 and Wayne Owens in 1974 all abandoned seemingly safe House posts to break their political picks in Senate losses. Sherman P. Lloyd has pursued the Senate with all the zeal and fervor exhibited by Ponce de Leon as he sought the mythical fountain of youth, and may have announced by the time this column appears. Once in the club, Utahns have wanted to stay in. It is a stark and interesting fact that Wallace F. Bennett is the only elected Utah Senator who ever has retired voluntarily. 1976 sees Ted Moss running for a fourth term. Senate matches are, moreover, the very toughest that Utah experiences. My wife and I moved to the state in 1958. That year the sound - Pragmatic Dogmatics The Lure of the Senate by Kent Shearer and fury, the blood and gore, the premier effort contest between Moss, was in the three-wa- y Lee. That battle was matched, if Watkins, and in 1962, not by Bennett-Kin- g over-matche- Moss-Wilkins- d, in 1964, on Bennett-Weilenman- n n in 1970 and Garn-Owen- s in 1968, in 1974. Add primary victories by King over Moss-Burto- Calvin L. Rampton and by Wilkinson over Lloyd, and your total for nearly two decades now is an accumulation of dedicated effort and a type of political war that is engendered for no other post to which a Utahn can aspire. This year will be no different. Moss has no meaningful foe for Democratic renomination, but is believed to be vulnerable come November. The Republican nominee will be either Des Barker, Jack Carlson, or Sherm Lloyd, although food fadist Clinton Miller or Bircher Joe Ferguson may earn a convention right to primary defeat by one of the three. My chips are on Barker, but a few others I respect have commitments elsewhere. So- -if your nature is passive-s- it back, relax and do your best to enjoy it as the claims and counter-claimthe charges and countercharges fly. Try to view it as you would a sporting event. But, if youre really interested in good government, roll up your sleeves and get into the action. It should be fast and furious. s, Loan, Prudential Federal Savings and Loan, Valley Bank and Trust, Walker Bank and Trust, Zions First National, First Security Bank, United Savings and Loan, Western Savings and Loan, and American Savings and Loan. Commonwealth Land Title Insurance Company announced the opening of their new additional office. The office will provide escrow services. The new office is located at 1108 East 33rd South in Salt Lake City. The company is celebrating their centennial year. re-zon- e, TO 60 Western Mortgage |