The Dealmaker: 10/2/2017

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The Dealmaker is a daily note of the day’s top real estate stories served just in time for lunch. Bon Appetit! Subscribe here to receive the Dealmaker to your inbox

 

Jason Rose: In pursuit of politics, polo and the best publicity. “In the world of politics, Jason Rose is known as a no-holds-barred spinmeister, the PR guru you want to bring into a political brawl… Rose is also the PR genius behind the Seventh Annual Bentley Scottsdale Polo Championships: Horses & Horsepower in Scottsdale.” Rose talks about the genesis of the annual event (and pulls no punches on a variety of other topics), in this Arizona Capitol Times profile. (And Cap Timesdoesn’t mention this but we will: Jason is the husband of Rose Law Group’s Founder and President Jordan Rose.) http://bit.ly/2xOCZGS

[EDITORIAL] Yes on road prop. PinalCentral lays out its support for Propositions 416 and 417, stating that the “half-cent sales tax increase that is proposed… would do much to improve transportation throughout [Pinal] county over the next 20 years.” http://bit.ly/2xOTkLu

John McCain’s legacy: A flowing river for economic development. “Valley mayors at a policy forum Friday put on by Valley Partnership in Phoenix said [Sen.] McCain has been talking to them and others about the project, dubbed Rio Salado 2.0. McCain sees development and tourism parallels with San Antonio’s popular Riverwalk, according to Goodyear Mayor Georgia Lord. ‘It’s a very visionary project,’ she said.” More in PBJ. http://bit.ly/2fFXeOM

Michael Pollack just set a Guinness World Record! (Disclosure: Rose Law Group represents Michael Pollack in various capacities.) “Guinness [has] recognized [Michael Pollack’s] museum… as the world’s largest collection of advertising statues… ‘The level of detail with some of these older pieces, you just don’t see anymore,’ said Jimmy Coggins, the adjudicator for Guinness that counted the [8,917 pieces] and verified the world record. ‘It’s amazing.’” (Also “amazing” is the ability to count that many pieces! Just imagine how frustrating it would have been had some smart-aleck been there, yelling out random numbers just as Coggins reached, say, 8,146, forcing him to lose track so that he had to start counting all over!) http://bit.ly/2g59JUK

A new type of rental option coming to Surprise: Luxury communities of small homes. “Three projects planned in Surprise [two from Christopher Todd and one from NexMetro] are shaking up that rental landscape with communities of one- to three-bedroom detached homes with yards. The communal amenities include pools, playgrounds and dog parks.” Further details on the projects at AZCentral. http://bit.ly/2xT7Zan

Maracay brings LEED® homes to the West Valley Phoenix. “Maracay Homes is celebrating the grand opening of Cottages at Rio Paseo, a highly anticipated, 93-home neighborhood located within walking distance of Goodyear…” Real Estate Daily News. http://bit.ly/2yjzkUK

Wickenburg Ranch adds two new builders. “The master-planned community currently offers homes built by Shea Homes and will now also offer [62] semi-customizable homes built by CSE & Associates and Mandalay Homes… in a new 55-acre neighborhood dubbed Outlaw.” Builder. http://bit.ly/2yU6fvM

Rising rents spur metro Phoenix homebuying, but those prices are up, too. Real estate reporter Catherine Reagor notes that “agents often tell [her that] one of the top reasons Millennials are buying now is rising rents. Also, boomerang buyers — the people who lost houses to foreclosure during the crash — are purchasing again as they try to hedge the Valley’s rising rents” — which are up an average of “almost $50 a month from last year.” For a breakdown of “Apartment rents by Valley city” along with Phoenix’s median home-price figure, see Reagor’s report at AZCentralhttp://bit.ly/2ySH2ly

Study: Phoenix sees the most flipped homes among metro areas. “[Credit.com has] compiled a list of the top 20 US metro areas with the most flipped homes in Q2 of 2017 and listed them by county data.” Phoenix tops the list for the number of “homes flipped,” but not for “average flipping profit.” Tap through to AZCentral for the top five cities on the flippin’ list–> http://bit.ly/2yiUEtd

Construction unemployment improves in 35 states. <–That, according to a report from Associated Builders and Contractors. “Rates rose in nine states and were unchanged in six. Further, the construction industry employed 206,000 more workers than in August 2016.” AZBEX has more from the report, along with the link to ABC’s full announcement. http://bit.ly/2g5jFO4

Rise of the yimbys: the angry millennials with a radical housing solution. “Meet the new band of millennials who are priced out of cities and shouting: ‘Yes in my back yard.’” The Guardian takes a look “Yimby groups” that are taking “aim at space-hogging, single-family homeowners and confound anti-capitalist groups by daring to take the side of luxury condo developers.” http://bit.ly/2yDXt4i

Mountain Shadows Resort rises Phoenix-like from 1960s David Meeks of The Arizona Report traces the resort’s history — from its “Rat Pack Phase,” to the days of disrepair and demolition, and, finally, to its rebirth — a “reimagined mid-century resort” that “was rebuilt from the ground up beginning in 2015.” http://bit.ly/2g5HZiA

Talking Stick Resort named Tribal Destination of the Year. What does it take to win “Tribal Destination of the Year”? “Excellent customer service, visitor friendly destination, authentic cultural heritage experiences and amenities for visitors” — and Talking Stick Resort has it all! “The prestigious award was given to the property… as part of the Enough Good People Awards Banquet at American Indian Tourism Conference.” Experience AZ. http://bit.ly/2wt0hAz

Panel: Malls heading toward food, services and AI. “Stores are showrooms, and your purchases are delivered to your home… Malls are places where you work out, eat, work and possibly even live… [AI] makes it possible to order a piece of apparel without even trying it… Such were the prospects offered recently by a panel of retail experts, gathered at a University of San Diego Burnham-Moores Center for Real Estate forum that peered into the near-term future.” Read about it at Arizona Daily Sun. http://bit.ly/2hINtU4

Vision, audacity — and land fraud — helped Chandler build Valley. Dr. A.J. Chandler, that is. “It’s a story that nearly reads like the 2008 subprime mortgage crisis. Greed. Dummy loans. Rampant speculation. Congressional investigations.” Jody Crago, Chandler Museum administrator: “Yes, he cut corners. He took every advantage. But he worked. He hustled in the truest sense of the word. Without him, we wouldn’t be in the great town of Chandler today.” East Valley Tribune. http://bit.ly/2wtyFvm 

University of Arizona buys land in downtown Phoenix. “UA bought land and a series of buildings on the corner of Seventh and Pierce streets earlier this September, but it’s still unclear what the school plans to do with the newly-obtained properties… The buildings include theater company Space 55, what used to be the Actor’s Workhouse, and a small apartment complex.” Downtown Devil. http://bit.ly/2xOVv20

Carpenters express safety concerns, demand leadership change at Industrial Commission. “Dozens of workers from the Carpenters Union of Arizona attended the commission’s meeting on September 21, where they demanded the resignation of Chairman Dale Schultz, and the firing of Bill Warren, the director of the Arizona Division of Occupational Safety… The union specifically pointed to reports from the Arizona Daily Star, whose investigation found that the ICA routinely reduces fines for workplace safety violations…” Arizona Capitol Times. http://bit.ly/2wtApEU

Arizona State Parks wins best managed park system in the nation.“Arizona State Parks and Trails has won the prestigious Gold Medal for being the best-managed state park system in the nation… The Gold Medal Award honors state park systems… that demonstrate excellence in long-range planning, resource management and innovative approaches to delivering superb park and recreation services with fiscally sound business practices.” AZCentral. http://bit.ly/2xLAnf9

Dealmaker BONUS: Maricopa Flood Control District election faces new obstacles. “[The district] is holding a special election Oct. 4 to fill the seat of board member Owen Kelly… However, recent changes… are already having a bearing on the outcome. Prior to Jan. 1, 2016, it was acceptable for representatives of businesses and trusts who own land in the flood protection district to cast ballots… Now, the law has changed to allow only property owners to cast ballots…. Likewise, only members of the eligible electorate are allowed to run for positions on the board.” InMaricopa. http://bit.ly/2xT8Fg3

Cameron’s $5M + deals of the day – http://bit.ly/2keGAL2

 



As a supplement to the Dealmaker, we thought you might enjoy these articles!

Notable Photoable: Carnage on the Strip. “A man lays on top of a woman as others flee the Route 91 Harvest country music festival grounds. Eyewitnesses describe the harrowing scene that left 58 people dead and more than 500 others injured.” (David Becker / Getty Images.) Our prayers are with the families and friends of all who have been injured. http://bit.ly/2g3fTo7

Scottsdale Water begins use of power from Hoover Dam. “Scottsdale Water submitted an application in 2014 seeking an allocation of low-cost, renewable hydropower generated from Hoover Dam to meet a portion of its required annual energy needs. Among all new applicants in the highly competitive process, Scottsdale Water was successful in receiving the second largest municipal allocation of Hoover Power in Arizona.” ADI. http://bit.ly/2fKVhnV

Water manager’s lobbyist costs under scrutiny, ban possible. “[CAP’s] lobbying costs [‘more than $2.5 million’ the ‘past five years’] came under fire from Gov. Doug Ducey’s office as part of meetings he has convened to lay out future plans for water policy.” Arizona Capitol Times reports that in “early proposals of what the meetings would cover, the Governor’s Office suggested banning Central Arizona Water Conservation District, CAP’s manager, from hiring federal lobbyists.” http://bit.ly/2khcg2z

[OPINION] Steller: University of Arizona basketball scandal smashes Tucson’s delusions. On the heels of the “scandal that came with the arrest of assistant coach Emanuel ‘Book’ Richardson,” Arizona Daily Star columnist Tim Steeler implores his fellow Tucsonans to “wake… up from our decades of denial. Elite college sports are a crooked, corrupt business.” http://bit.ly/2xT7w8e

Goldwater Institute argues cost of living should be factored into policymaking. ADI reports that most people would probably accept the notion that California is “more prosperous” than Mississippi. “But as a new paper out today from the Goldwater Institute explains, our understanding of which states truly have the rosiest financial picture is greatly skewed — since the federal government’s analysis of states’ relative prosperity doesn’t take their costs of living into account.” http://bit.ly/2yRBk3j

Saturday Night Live touches all the bases—Trump’s press secretary, Puerto Rick, the NFL, Jeff Sessions and Democrats. SNL returns for its 43rd season! WATCH the premiere episode’s cold open, in Rose Law Group Reporter. http://bit.ly/2xL8hkf

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