| 2 withdraw, 3 left for Scottsdale city manager interviews. “Ronald L. Olson, former city manager in Corpus Christi, Texas, and John Kross, the current city manager in Queen Creek, Arizona, have withdrawn from the process.” Who remains? Konrad Hildebrandt, Assistant City Manager, Odessa, Texas; Gary M. Luebbers, previous City Manager, Sunnyvale, California; Jeffery M. Nichols, City Treasurer/Chief Financial Officer, Scottsdale. Click through to Sonoran News for an overview of each. http://bit.ly/2fCSESR
Appeals court ruling another setback for big Sierra Vista development. “State water officials did not properly consider the rights of the Bureau of Land Management when it gave the go-ahead for a 7,000-home development in Sierra Vista, the Arizona Court of Appeals ruled Tuesday…. [The] ruling is the second setback this year for Castle & Cooke to develop the property.” — Capitol Media Services’ Howard Fischer reports, via Arizona Daily Star. http://bit.ly/2fCXmOv
Election pushes rates to new 5-month highs. “Mortgage Rates rose [Tuesday] as early presidential polls showed Clinton leading in several battleground states.” Click through to Mortgage News Daily for Best Execution Rates, Ongoing Lock/Float Considerations, and a belly laugh or two at how outdated this report already appears to be in the wake of last night’s stunner. (See Dealmaker Special Election Coverage below.) http://bit.ly/2ffxWI9
Here’s the housing story (or lack thereof) of the 2016 election. “Each of the major party candidates discussed housing in some form or fashion… but the issue… wasn’t really a topic that got the social media echo chamber all riled up, so Trump and Clinton never really talked about it, especially not in the debates.” So if you’re HousingWire Financial Reporter Ben Lane, what else can you do except write about “[h]ow housing didn’t matter in this campaign”? And that’s exactly what he does, right here—> http://bit.ly/2fDYhMX
4 things home buyers worried about a housing bubble should consider.“[H]ome prices are rising near the levels of the housing market just before the crash. Many are asking — and wondering — if we are in some kind of housing bubble.” If you’re worried, here’ s what Realtor.com says you should consider: 1) The overall economy 2) Mortgage requirements 3) Housing risks 4) The market itself. Get the details here: http://bit.ly/2eDzHeo
U.S. Supreme Court revisits 2008’s housing collapse. According to Nina Totenberg’s report for npr: “At issue are two cases testing whether Miami can sue Wells Fargo and Bank of America under the Fair Housing Act for alleged racial discrimination in mortgage terms and foreclosures… The conservative Cato Institute… cautions that, if Miami can sue the banks under the Fair Housing Act, municipalities throughout the country could bring similar lawsuits simply to raise revenue — “government by litigation”… http://bit.ly/2fZMqgJ
Dealmaker Bonus – Today in Phoenix: A ‘State of the City’ Address, City of Maricopa; Growth & Opportunity Abound for Retail, Homebuilding & More. Get the details here: http://bit.ly/2ezmeb1
Cameron’s $5M + deals of the day – http://bit.ly/2fD0nyb
Dealmaker Special Election Coverage:
Donald Trump becomes the 45th president of the United States; McCain reelected; Arpaio defeated. DONALD TRUMP: “…was able to sweep key states such as Florida, Ohio and Pennsylvania, while breaking through in states like Michigan and Wisconsin.”
SEN. JOHN MCCAIN: “…defeat[ed] Democrat Ann Kirkpatrick… keep[ing] the seat he has held since 1986.”
MARICOPA COUNTY SHERIFF JOE ARPAIO: “…lost his bid for reelection… to Democrat Paul Penzone.”
http://bit.ly/2ekUIiJ
Current Councilwoman Debra Stark nearly wins outright (41% of the vote), but will likely face a run off with DeRose (20%) – Rose Law Group Reporter: http://bit.ly/2ekV3Sq
Scottsdale Mayor and three current Councilmembers all survive challenges – The latest election results from the Rose Law Group Reporter. http://bit.ly/2eUs7wJ
Queen Creek Benning and Jake Hoffman win for Council, Hoffman upsets incumbent, Barnes – Rose Law Group Reporter: http://bit.ly/2fyKf0p
Full coverage Pinal County, Casa Grande elections.
CASA GRANDE CITY COUNCIL: “[I]ncumbent Mary Kortsen elected to a third term… [I]n the other seat up forgabs… Donna McBride trailed by about 400 votes.”
FLORENCE MAYORAL: Vice Mayor Tara Walter ‘poised to unseat’ Mayor Tom J. Rankin.
MARICOPA CITY COUNCIL: “Julia Gusse leading her three opponents… Vice Mayor Marvin Brown was in second…”
PINAL SHERIFF: ‘Lamb easily wins… ‘
ARIZONA SENATE, HOUSE, LEGISLATIVE DISTRICT 8: T.J. Shope, Globe’s DavidCook top two in House chase… Frank Pratt ahead in Senate race…
http://bit.ly/2fZIZGC
O’Halleran defeats Babeu; Biggs wins; congressional incumbents reelected.
DISTRICT 1: “Democrat Tom O’Halleran… was headed to replace fellow Democrat Rep. Ann Kirkpatrick… captur[ing] about 50 percent of the vote, ahead of Republican Paul Babeu’s 44 percent.”
DISTRICT 5: “Republican Andy Biggs… handily defeated Democrat Talia Fuentes and a Libertarian write-in candidate.”
OTHER DISTRICTS: Click through for complete coverage from Cronkite News.
http://bit.ly/2eDBtMl
Central Arizona Water Conservation District Board unofficial results: Arboleda, Brown, Graff, Holway, Lewis leading. Get the latest numbers at Rose Law Group Reporter. http://bit.ly/2fZPDgd
Burns, Tobin, Dunn to Corporation Commission. “Republicans Robert Burns, Andy Tobin and Boyd Dunn were leading the five-way race for three seats on the Arizona Corporation Commission…” — AZCentral. http://bit.ly/2ekWbFI
Recreational marijuana doesn’t light up with voters. “Arizona’s ballot measure to legalize marijuana trailed in early election results, and final unofficial tallies showed voters [just] saying ‘no’ to Proposition 205.” — AZCentral. http://bit.ly/2fD1wGd |
