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The Dealmaker: 11/16/2016

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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.
Responsible development in Phoenix. Tim Sprague and Sherry Rampy guest on the news-mag radio show, The Phoenix File with host Stu Turgel, who had this to say about the Circles/Stewart building/neighborhood and developer compromise: “That sounds like the ultimate definition of responsible thinking and responsible planning so I commend you on that. The topic of responsible downtown development in Phoenix in general is a question with no really simple solution.” Listen to the full show here: http://bit.ly/2fVXNDh

Scottsdale rezones part of downtown to pave way for new housing development. “The…4.2-acre site at 3220 N. Scottsdale Road… would be rezoned to downtown/ downtown multiple use…. The proposed development would be a four-story, 277-unit apartment complex…” For further details followed by a few doses of snark in the comments section, click to Scottsdale Independent. http://bit.ly/2eGrD1f

Split Scottsdale City Council OKs General Plan change for District at the Quarter. “The council… approved a [PUD] district for a 662-unit residential and mixed-use community… [C]oined ‘District at the Quarter’… [t]he proposed project is to be on a 10.29-acre site at 15501 N. 73rd Street and 15450 N. Greenway-Hayden Loop.” Perspectives from “yeas and nays,” a rendering of the project, and a bit more commentary — at Scottsdale Independent. http://bit.ly/2fXSmq5

Eyesore no more: Construction starts on upscale Cambria hotel in Chandler. “The [$20 million] hotel is part of a 25-acre, $160 million multi-use development known as Chandler Viridian that also will include a six-story office building and 24,000 square feet of retail space. The [Concord Hospitality Enterprises’] development is… on the northwest corner of the Loop 101 and Loop 202 interchange. For Cambria’s slated opening, info on the eyesore that was, and renderings of what Chandler Vice Mayor Jack Sellers calls “a premiere development,” click to AZCentral. http://bit.ly/2f0Sh05

Interest rate stress test BuilderOnline’s John McManus looks at “volatility” as the “interest rate driver that… [has] cropped up as a stress-test to the housing recovery’s incipient expansion,” and wonders if “historically dirt-cheap rates may be living on borrowed time.” http://bit.ly/2fWAPLe

With workers scarce, more home builders turn to prefab construction.The Wall Street Journal looks at how KB Home (among other ‘traditional builders’) is “starting to embrace modular techniques.” Dan Bridleman, senior vice president for sustainability, technology and strategic sourcing at KB Home: “Ultimately this is about cost, it’s about efficiency and it’s about speed.” http://bit.ly/2fZeQoj

Cameron’s $5M + deals of the day – http://bit.ly/2fFWxUi
Because you are an informed person, as a supplement to the Dealmaker, we are providing you 3 (sometimes more/less) non-real estate related articles we thought you might enjoy!
ASU AD Ray Anderson calls proposed arena deal ‘phenomenal’ opportunity; not so says columnist. KTAR’s Craig Morgan on what Sun Devils Vice President for University Athletics Ray Anderson had to say yesterday about possible “construction of a new [Coyotes’] arena on Arizona State University land.” http://bit.ly/2fWwsQ3

Goldwater Institute a partner in suit against Chicago over Airbnb, home-sharing. “Goldwater Institute and Chicago-based Liberty Justice Center have sued the city… over… [a]n ordinance [that] imposes some licensing rules [and]… also puts in place a city home-sharing booking tax…” Click through to Phoenix Business Journal for further details, including why “attorneys… worry the ordinance could give Chicago officials the ability to bypass traditional search warrant avenues to inspect homes.” http://bit.ly/2f4Zekd

McCain calls possible U.S. reset with Russia unacceptable. “[Sen. John] McCain… dismissed [Russian President Vladimir] Putin as a former KGB agent who has plunged his country into tyranny, murdered his political rivals and threatened U.S. allies.” However, Sen. Lindsey Graham seems to be taking this to a whole other level. According this report from KTAR, the “foreign policy hawk and close friend of McCain’s said… ‘When it comes to all things Russia, I am going to be hard-ass.’” http://bit.ly/2fWCbpb

The Suicide Crisis: Arizona in the ‘Suicide Belt.’ “[T]he Suicide Belt [is] a region stretching from Idaho down to Arizona and New Mexico where self-inflicted deaths are more prevalent. Some communities there have experienced sudden spikes in suicide deaths that left officials seeking answers.” Governing’s Mike Maciag investigates. http://bit.ly/2fVYgVZ

Concern in housing market as Trump effect pushes mortgage rates to 4% Read more

Partnership with Coyotes announced for the ASU Athletic Facilities District Read more

Tempe Biotech Campus Marketing Assignment Awarded to Cushman & WakefieldRead more
Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group.  Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others.  The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.

Belfiore Real Estate Consulting is Arizona’s leading housing market research firm.  The company couples its surveys of up to 350 new home subdivision sales personnel monthly with resale and public data, as well as the perspectives of leading development, homebuilding, lenders, brokerage, real estate law, contractors, and investors to report on and forecast residential housing market conditions.

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.