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A Codifying “Best Practices” Guide to Effectively Managing the Entire Real Estate Investment Process The Handbook of Commercial Real Estate Investing delivers an authoritative “best practices” approach to the three major areas of the industry: investment transactions, asset management, and enterprise management. Skillfully written by John McMahan, a leader of the U.S. commercial real estate investment industry, The Handbook of Commercial Real Estate Investing presents state-of-the-art methods needed to successfully invest in and manage commercial properties such as office buildings, shopping centers, industrial buildings, apartments, and hotels. Designed to codify the industry “best practices” encouraged by financial institutions, The Handbook of Commercial Real Estate Investing offers: Complete guidelines for the critical “due diligence” stage of the investment process Effective asset management techniques… More >>

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Does anyone know Arizona law regarding the recording of conversations?

Basically a friend of mine found a tape recorder in his office. The recorder belonged to one of its employees. He took the tape, but has not yet been able to reproduce. Is there any legal action can be taken against the employee if he is, in effect, recording his senior colleague, and conversations without your knowledge? And lay off employees to be acceptable, provided proof that he is the one doing the recording is available? Given the time that the tape was found and the available recording time will most likely contain conversations between board members and management and employees. They do not care for any convos that could get in trouble, but are concerned about sensitive topics that naturally arise between people and their leaders (payroll issues personal, etc. ..). In addition, the ARS (Arizona Revised Statutes) # would be helpful, thanks.

.... B. In the case of a phone or a conversation in person, recording simply means making a copy of the conversation between two or more persons. The recording is illegal in Arizona if no party to the conversation know that the conversation is being recorded. However, in Arizona, and this varies by state, if part of the conversation knows the conversation is being recorded, is not illegal. So if someone tape records a phone call or conversation involving him / her and another person, even one not is aware of being recorded, which is legal in Arizona. If the taking of one person on a phone line and records a conversation between two persons not know that they are recorded, is illegal. Arizona and federal law are similar in this regard, however, recording conversations is illegal in certain states, unless that all parties know of the recording and consent. There may be some cross-sectoral competition issues involved when tape recording a conversation through state or national borders. Before recording, we recommend you consult a lawyer in the relevant jurisdiction.

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