The Dealmaker: 10/19/2016

Planned Roosevelt Row development to incorporate bungalows, shopping, dining. AZCentral: “Desert Viking Development… announced plans for the Blocks of Roosevelt Row on Roosevelt Street between Fifth and Sixth streets. The… site includes three bungalows… as well as the building that houses Flowers Craft Beer and Wine.The developer is pitching [it] as an adaptive reuse project that would retain existing structures and add a three-story building…. ‘The idea is to create a very cool, eclectic place where the community can collaborate and mingle with the local art scene…’” For further design details (including renderings), click it —> http://bit.ly/2ehC4Y7

New office building, 160-room hotel slated for Camelback and 28th Street after $17.5M deal. “Las Vegas-based developer LaPour Partners… and Tucson-based Holualoa Cos. bought properties at 2801 and 2845 E. Camelback Road…  [T]he Camelback Collective… will include a [‘120,000-square-foot’] four-story glass office building and a five-story boutique hotel under Marriott’s AC line of properties. Seller info and rendering in Phoenix Business Journal. http://bit.ly/2e1GZdX

YOUR TWO CENTS? – Groups rally against Peoria sales tax, bond ballot measures. “[T]he PAC No Forever Tax, No on Proposition 400 [claims it is] not equitable to all parts of the city and [that its] lack of sunset unfairly burdens taxpayers…. The tax would go to public safety, open space, recreation and other quality of life enhancements… through a 0.4 percent… tax increase, equaling two cents on a $5 purchase…. Republican [lawmakers] have blanketed… neighborhoods with yellow… fliers [Golden Tickets]… that ask residents to vote ‘no’ on Proposition 400 and the Peoria school bond…” More in on the campaigns in YourWestValley. http://bit.ly/2dqOo3M

As land-use rules rise, economic mobility slows, research says. “Moving to a wealthier area in search of job opportunities has historically been a way to promote economic equality, allowing workers to pursue higher-paying jobs elsewhere. But those wage gains lose their appeal if they are eaten up by higher housing costs.” This Wall Street Journal piece looks at “[regulations, restrictions, and other] obstacles [that] drive up the cost of construction and make it nearly impossible to build anything but luxury housing in [many] of the nation’s most expensive markets.” http://bit.ly/2dnRZoi

Housing starts tumble on weak multi-family construction activity.“[S]tarts for the… multi-family segment plunged 38.0 percent to a 264,000-unit pace in September.” However, according to Reuters, the “drop is likely to be temporary” and “[o]verall home building activity is likely to rebound in the coming months…” Click through for the reason behind all the optimism —> http://bit.ly/2esXEVX

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

World’s Greatest Polo Party returns November 5th to Scottsdale – http://bit.ly/2ekVD3n