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The Dealmaker: 8/17/2017

Posted by   /  August 17, 2017  /  Dealmaker  /  No Comments

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       Casa Grande City Council OKs rezone for amusement park. (Disclosure: Rose Law Group represents Blocks Sports Group.) “City Council voted 7-0 Wednesday night to approve a […]

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Cameron’s $5M + deals of the day

Posted by   /  August 17, 2017  /  Dealmaker  /  No Comments

(Note: These deals have not been independently verified.) Cameron Carter, Director of Rose Law Group’s Transactional Real Estate Department, thinks you need to know about these transactions in Maricopa County. Price: $12,750,000 Buyer: Civana Carefree, LLC Seller: OCM Carefree Resort, LLC c/o ORIX Capital Markets, LLC Property Type: Hotel/Conference Center Property Size:  19.195 acres Location: Carefree Resort and Conference Center, 37220 Mule […]

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Flagstaff council declines Schultz Pass open space petition

Posted by   /  August 17, 2017  /  Real Estate  /  No Comments

By Corina Vanek | Arizona Daily Sun The Flagstaff City Council declined to move forward with a citizens’ petition asking the council to rezone a three-acre parcel of city-owned land on the corner of Schultz Pass and Fort Valley roads as open space at its meeting Tuesday night. The city has already spent more than $400,000 […]

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Panel sees recession risk by year end 2020

Posted by   /  August 17, 2017  /  Economy, Real Estate  /  No Comments

Zillow survey shows fears of geopolitical crises weigh on minds of economists, real estate experts. Builder There is a 73% chance the next U.S. recession will begin by the end of 2020, according to a panel of experts surveyed for the 2017 Q3 Zillow Home Price Expectations Survey. But the experts don’t anticipate the housing market […]

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Siding, paint, roofing, wallboard join lumber as input

Posted by   /  August 17, 2017  /  Real Estate  /  No Comments

home building

As 2018 budget season arrives, it’s time to both model in and do something about cost escalation on building products and materials By John McManus | Builder Constraints on the supply of newly-built homes and communities is not letting up, nor is it likely to. The biggest obstacle from the perspective of builders, as we’ve noted here, is […]

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July sees slump In multifamily starts

Posted by   /  August 17, 2017  /  Real Estate  /  No Comments

Multifamily

Double-digit drops in both groundbreakings and permitting for apartment properties brought these metrics down overall, according to federal data released Wednesday By Paul Bubny | GlobSt.com WASHINGTON, DC—A sharp drop in construction starts for multifamily properties brought groundbreakings overall down by 4.8% during July, according to data released Wednesday by the Census Bureau and the […]

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Paradise Valley leaders talk matters of note as fall session looms

Posted by   /  August 17, 2017  /  Government and Politics  /  No Comments

By Terrance Thornton | Paradise Valley Independent Summer break is nearly over as Paradise Valley Town Council is expected back at Town Hall, 6401 E. Lincoln Drive, Thursday, Sept. 4, meanwhile Town Manager Kevin Burke has steadily been preparing for what he is calling a “monster agenda.” The Town of Paradise Valley Independent reached out to top officials — […]

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Trump, in tweet, hits Amazon over taxes, jobs

Posted by   /  August 17, 2017  /  Economy  /  No Comments

Reuters WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday criticized Amazon.com on Twitter over taxes and jobs and accused the global retailer, without offering evidence, of hurting U.S. localities and causing job losses. Shares of the company fell 0.3 percent to $980.00 in premarket trade after Trump’s comments. Representatives for the company could not […]

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Is Amazon threatening to put a major dent in Home Depot’s business?

Posted by   /  August 17, 2017  /  Real Estate  /  No Comments

Despite strong earnings, stock drops Brena Swanson | Housingwire Even though it posted record results in its second-quarter earnings, Home Depot’s stock is still tanking on the market, according to a CNBC article by Bob Pisani. The main culprit behind the drop is the same company that’s threatening most markets: Amazon. Going into the earnings day, economists were positive on […]

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The Phoenician releases details on its downsized golf course

Posted by   /  August 17, 2017  /  Real Estate  /  No Comments

By Steve Totten | Phoenix Business Journal The Phoenician has released details about its plans to downsize its golf course, which is part of the high-end resort’s massive renovation plans. There has been talk of the high-end resort minimizing its course for some time. The Phoenician will do a 10-month redesign of the course starting January 2018, […]

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