The rumor is that they want to put in luxury condos.So, has anyone else had this scenario?  

The Dealmakers's Guide to Commercial Real Estate is beginning to appear to be the next sasquatch for me--rumors it exists, but no confirmed sitings!

And both HOAs have rumors of that person twenty years ago who cleaned out the reserve.

Rumor is they are getting an Apple store soon.

Living in West Des Moines, I only know downtown areas through what I have heard through the rumor mill, which never seems to be the most accurate information.

We moved into a triplex that was full - but as soon as they heard that I bought it - they gave their notice and moved out on their own cause they heard rumors that we planned to evict anyway - so that made it easier on us.  

Assuming this rental is in California, where you are, be aware that I don't know your (rumored to be) oppressive landlord laws, so be careful whatever you structure is a) legal and b) enforceable.

There are rumors of one HML here on BP who is originating loans but does not actually have the full amount of $.

I've heard rumors about it expanding and being the head office for awhile now but thing has happened.

In addition, I know some tax incentives were provided to Embraer Executive Aircraft to attract them to come to the area.Also, Northrop Grumman has committed to building a large engineering facility that will be bringing 1800 jobs to the area around 2017 and rumors are that a large yacht manufacturer will be coming to Merritt Island.