California investors keep eye on Chandler Elevation case

A group of investors in California is paying close attention to the saga of Elevation Chandler, especially a lawsuit by a man who claims he won the property at a trustee sale for $1 million, a fraction of what the site is worth. Elevation Chandler is developer Jeff Cline's bankrupt 10.6-acre property near the intersection of Loops 101 and 202, containing the eyesore of a partly built, abandoned hotel. The million-dollar bidder, Tom Peltier of Phoenix, is due in Maricopa County Superior Court on Monday in an attempt to persuade Judge Bethany Hicks to let him take possession of the property.

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