The Dealmaker: 10/21/2016

First Look: Roosevelt Row hotel FOUND:RE Phoenix opens Tuesday.  (If this headline reminds you of the subject line from some weird piece of spam email, you’re not alone.) “A once-shuttered hotel [the Lexington at Central and Portland] will reopen [as the FOUND:RE Phoenix]…. [The eight-story FOUND:RE, pronounced ‘foundry’] aims to build on the concept of an ’art hotel’ by featuring local artists, community spaces and unique amenities…  [D]evelopers [Habitat Metro and BOND Partners] say [that it] will transform the downtown Phoenix corner… Phoenix leaders will celebrate [its opening] on Oct. 25.”  See the slideshow at AZCentral. http://ow.ly/LY6g305pI0x

Brachfeld: Cheney Estates HOA in full support of Jarvis development.Cheney Estates HOA president Mark Brachfeld lays out the reasons for “enthusiastically backing” homebuilders Geoff Edmunds and Rod Cullum and their plans for “the four-and-a-half-acre property along Scottsdale Road — commonly known as the ‘Jarvis’ parcel.” In Paradise Valley Independent. http://ow.ly/6Ob6305pI4W

Surprise starts process to annex land around Paradise Honors. The annexation [‘of the property generally bounded by Waddell Road to the north, Cactus Road to the south, 175th Avenue to the West and Cotton Lane to the east’] will “pave… the way for a new development [called Magnolia].” However, according to this report in YourWestValley, “There is a catch…” to making it all happen. http://ow.ly/tehb305pIb0

2016 Housing Market Trends Report: Ahwatukee, Chandler, Mesa, Gilbert, Tempe. Plenty of data to mine in these separate market trend reports, brought to you by real estate sites myRealtyTimes and Swee. http://ow.ly/2WUA305pIfy

What the top 1% of homebuyers want in real estate. Is it privacy, the kind that a gated community provides? Or is location the top priority for the super rich — being near “shopping… work, hospitals and schools”? How important is having a home with enough room for “comfort and relaxation”? What about “smart homes,” with “entertainment-friendly kitchens” fully equipped with “restaurant-standard appliances”? Click through to Inman to get the results from a new Luxury Portfolio International/YouGov report on what the wealthy want when purchasing property. http://ow.ly/c1F5305pIkz

Mortgage rates lowest in nearly 2 weeks. (On the other hand, they’re still higher than Trump’s poll numbers with women — ♬BA-DUM TISH!♬) According to Mortgage News Daily, rates were lower “after the European Central Bank… avoided sending any scary signals about tapering its asset purchases…. There has been some speculation that Europe is getting close to their own version of the Fed’s 2013 ‘taper tantrum.’” Click through for Loan Originator Perspectives, Best-Execution Rates, and Ongoing Lock/Float Considerations. http://ow.ly/Y182305pIo0

Banks repositioning mortgages for long-term success. This sponsored piece by LenderLive in HousingWire looks at how banks are trying to “improve operational efficiencies and reduce risk” by “redirecting their strategies toward offering mortgages as a product.” http://ow.ly/gDdu305pIs6

Twelve Don’t Forgets At The Polo Party November 5th! – http://ow.ly/l2f6305pHrF