The Dealmaker: 11/7/2016

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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.
Mesa eyes smart growth community plan. “The proposal by developer Miravista Holdings will create seven parcels… featuring a mix of multifamily, townhomes, retail, commercial, senior living and parking facilities… within a pedestrian shed of a quarter-mile radius of [Sycamore Station], with walkways and thoroughfares to promote multi-modal transportation… [T]he plan intends to create a destination locale that will increase property values and spur further development.” Further details in AZBEX, including an eye-catching rendering that makes us wonder if this Smart Growth Community truly is being planned for north of Main and Dobson in Mesa, or if it’s actually meant for a city in Colorado or maybe Utah, because check out those snow-capped mountains. Is that the same terrain that’s around Mesa? Sure doesn’t look like it!

Queen Creek Councilman Barnes opposes increased housing density for Meridian Crossing. “Councilman Craig Barnes was the sole holdout in votes regarding… a… rezoning request [from Westcor] that would allow an increase to the number of houses that could be built… on the southwest and southeast corners of Riggs/Combs and Meridian Roads.” Read the full report with a click-through to Queen Creek Independent

Homes get planning nod: Yavapai Ranch Phase I heads to county supervisors. “[T]he 51,000-acre Yavapai Ranch located 35 miles north of Prescott [and ‘one of the remotest areas in Yavapai County… reached by rough dirt roads off the dirt road portion of Williamson Valley Road’]… could put 12,500 residential units in the middle of the high desert.” More about the planned project in The Daily Courier, plus some headstrong opinions about it in the article’s comments section

How housing would fare under Clinton, Trump. “How will the next administration tackle reforming… Fannie Mae and Freddie Mac? How do we bring private capital back to the mortgage market? How do we manage the enormous growth of nonbank lenders…? How do we insure safety for borrowers who use these lenders? And how do we create more affordable housing, both rental and owned, for underserved communities?” Diana Olick examines each candidate’s positions (or lack thereof) for these and other housing matters, at CNBC.

What’s in store for housing in 2017? HousingWire looks at the “2016 Realtors Conference & Expo [where] Lawrence Yun, chief economist of the National Association of Realtors, and Dennis Lockhart, president and CEO of the Federal Reserve Bank of Atlanta, discussed the 2017 housing and economic forecast….” One noteworthy highlight: “[A]s tech companies flee California, nearby states… are seeing double-digit home price gains…” As for noteworthy lowlights, see the two snarky posts in the comments section.

‘CALIFORNIA, HERE I… BOLT’ Why a lot of people are moving out of California. “For every home buyer coming into the state, there are three Californians selling and moving elsewhere… California’s housing market is one of the most expensive in the nation, with a median home price of $428,000… Prices have shot up 71% since 2011.” But priciness isn’t the only only reason people are saying adios to The Golden State. For other factors at play, click through to CNN Money.

Dealmaker BONUS: Trump and Clinton become friends [VIDEO]. “With 72 hours remaining until Election Day, Hillary Clinton (Kate McKinnon) and Donald Trump (Alec Baldwin) appear on Erin Burnett (Cecily Strong) OutFront/Saturday Night Live.” Good stuff!  Watch it here—>

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!
Study: Number of Arizona polling places has fallen sharply since 2012.Cronkite News looks at a recent report from the Leadership Conference Education Fund which shows that “all but two Arizona counties will have fewer polling places this year than they did in 2012.” For a breakdown of “the number of [polling] sites in 2012 [vs.] 2016, and [the] percent [of] change” in all Arizona counties, click it—>

Rough going, then harmony last time Arizona Senate was split. Arizona Capitol Times’ Arren Kimbel-Sannit looks at the “possibility that the Arizona Senate will end up split 15 to 15 between Republicans and Democrats” and how it “could lead to a rare show of legislative bipartisanship that hasn’t been seen since 2000, when the Senate last was split.”

Prominent Nevadans take aim at electric monopoly. “Las Vegas casino magnate and Republican megadonor,” Sheldon Adelson, and “outgoing Democratic majority leader” U.S. Sen. Harry Reid (whose lifeless personality could certainly use a jolt of some sort) are “teaming up in an attempt… to amend Nevada’s constitution to force legislators to rewrite the state’s policies for electric utilities, giving customers the choice of which company they want to provide their power.” Full story in Governing.

Media’s next challenge: Overcoming the threat of fake news. After looking into the “internet-borne forces [i.e., Facebook, Twitter and other social media outlets]… eating away at print advertising [and] enabling a host of faux-journalistic players to pollute the democracy with dangerously fake news items,” New York Times’ media columnist Jim Rutenberg explains why there is still “cause for optimism” when it comes to “good journalism.” He notes, however, that “there’s going to be a lot of nail-biting and some bloodletting on the way to deliverance.”

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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