The Dealmaker: 11/29/2016

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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.
Phoenix area’s real-estate industry wants the shirt off your back — for a good cause. [Note: Rose Law Group represents JoAnn and Joseph Callaway.] Two real estate-agents walk into the Salvation Army’s Adult Rehab center… That may sound like the opening to a joke, but it’s actually what led real-estate agents JoAnn and Joseph Callaway to launch Real Estate for Rehabilitation, “a program to help people fighting addictions by asking homebuyers and-sellers to fill Salvation Army trucks when they move….” For the Callaway’s inspirational story and a look at the success of the program, click to Catherine Reagor’s piece in AZCentral.

Zillow puts Phoenix in top 10 house price cuts for Black Friday. See where we rank among “the 10 metros [with] the greatest share of listings with a recent price cut, as of September 2016.” (SLIGHT SPOILER: We do NOT top the list; that honor goes to the land of Breaking Bad.) —->

Arizona United SC reveals new name and logo, plus stadium plans for 2017 season. “The 15.8-acre soccer-specific training and stadium facility [for ‘Phoenix Rising FC’, formerly ‘Arizona United SC’] will be built… at McClintock Drive and Loop 202…” Click through to AZCentral for the full story; plus, see the new logo along with a rendering of the facility, which is sure to get soccer fans psyched up. (We wager that even non-soccer fans will be impressed!)

$21 million bill for Glendale pro sports in 2016. All About Arizona Newstouches upon some of the “ongoing costs” incurred by the city of Glendale  as a result of pro-sporting events “clustered” in the area, and what the economic repercussions could be “[i]f venues are moved” to other areas of the Valley.

Major General Plan amendment sought to make way for new Scottsdale golf course, development. “The city council will discuss the future of this [’92-acre plot’] during a General Plan Amendment meeting… Dec. 1. The lot… sits between Pima and Cave Creek roads and borders the Town of Carefree…” In the mix? “55.5 acres of suburban neighborhood… 36.2 acres for developed open space or a golf course… [S]cenic corridor[s] along the Cave Creek… and… Pima…“, Carefree mayor Les Peterson is “supportive of the proposed change”; however, he has expressed “concerns” and “requested [that] seven conditions” be met as “part of the entitlement approval.” Read what they are, in Scottsdale Independent.

‘Housing Wire’ says Ben Carson will accept HUD secretary role.HousingWire’s Kelsey Ramírez reports that “sources close to the appointment confirm [‘former GOP presidential candidate and retired neurosurgeon’] Ben Carson will officially accept the role… [T]hose sources say a formal acceptance will come as soon as today…”(Hopefully it comes right around the time you usually receive The Dealmaker — in time for lunch — so that you won’t hate on us too much over use of the pun: BEN appétit!)

New-home sales slow: Temporary blip? National Association of Home Builders’ chairman Ed Brady and NAHB chief economist Robert Dietz both weigh in on October’s 1.9 percent sales drop [blip?] — in REALTORMag.

Cameron’s $5M + deals of the day –

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!
 ADA lawyer to go before federal judge, may face ethics charges. “A federal judge is ordering a controversial attorney who sued more than 1,000 businesses over alleged violations of the Americans with Disabilities Act to prove how his actions do not violate the Arizona Rules of Professional Conduct.” According to this East Valley Tribune report, the attorney (Peter Strojnik), wrote in an email: “We intend to vigorously address the matters… so that we may continue our relentless advocacy for the disabled community…” Gila County’s political divide, Democrats and Republicans coexist. Cronkite News looks at how “Globe-Miami, a traditionally Democratic dot in Republican-heavy Gila County, is… provid[ing] a glimpse into changing voting demographics, as the two traditionally liberal cities are catching up with the rest of Gila County’s conservatism.”

Ducey selects Lopez, Gould as new Supreme Court justices. “[Gov. Ducey] chose John Lopez IV, 47, [‘the first Hispanic to serve on the state’s top bench’ and] who is currently the state’s solicitor general…. Also tapped for the bench is Andrew Gould, 54, currently a judge on the state Court of Appeals.” Capitol Media Services’ Howard Fischer has more on the two new justices, plus “the prime factor” for the governor’s picks — in Arizona Capitol Times.

ASU Research Park generates jobs, $1.4 billion in state income. “A recent study… reveals that ASU Research Park tenants generate 16,160 jobs for Arizona residents, provide labor income of $865 million for Arizona workers, and account for $1.418 billion in total income.” For more on the study, along with further details on the “320-acre ASU Research Park,” including its “impressive list” of “51 corporate tenants” and the “very significant economic impact [it’s having] on our state,” click to AZ Business Magazine.

Arizona Builders Alliance Toy Drive to Have Huge Impact on Valley’s Underprivileged Youth Read more

First Place AZ to Break Ground on Dec. 6 Read more

Breakthru Beverage Facility in West Phoenix Sells for $33.5 Million Read 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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November 2016