The Dealmaker: 12/01/2016

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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 projected as number one US housing market for 2017. And according to “a new forecast report by Realtor.com,“ Tucson is projected ninth in terms of expected price gains and sales growth. For Phoenix’s forecasted figures along with national and regional numbers, plus chief economist Jonathan Smoke on possible interest rate increases, click to Phoenix Business Journal. http://bit.ly/2gZj8zh

SMOKE’ IS EVERYWHERE! – What the rise of Phoenix’s housing market says about the U.S. economy. “[A] market that housing analysts once thought might not recover for decades demonstrates the strength of the national recovery.”  This Wall Street Journal report on the Phoenix housing market — past, present, and future — once again features Jonathan Smoke, this time on why he thinks “there are few reasons to fear [that there’s] another bubble” on the horizon. http://bit.ly/2fPXgBm

Scottsdale City Council likely to name new city manager next week.Scottsdale Independent’s Terrance Thornton reports on how “[t]he saga that has evolved into a national search for a new Scottsdale city manager could see its final chapter [on] Dec. 8.” http://bit.ly/2fK7SWY

Scottsdale City Council waver over additional WestWorld investment.“The…City Council unanimously voted to continue the discussion of allocating up to $300,000 to update the WestWorld Municipal Use Master Site Plan.” However, Scottsdale Independent reports “several… councilmembers [expressed] concern… [that] the city has other needs that should take priority over investing money into WestWorld.” Further details here: http://bit.ly/2gDGFSR

Electric car company lacks funds to cover full cost of Casa Grande plant.(Disclosure: Rose Law Group represents landowners who helped make this project a reality.) At first blush, this Arizona Daily Star headline would appear to be nothing more than an attempt to wet-blanket “[t]he big announcement… that [Lucid Motors] will invest $700 million to build an auto manufacturing plant in Casa Grande.” However, the subhead to this report by Capitol Media Services’ Howard Fischer is a bit less grumpy: “[Arizona Commerce Authority] officials are not concerned that the company does not expect to have all the money before 2022.” Find out why, as far as the proposed plant is concerned, it’s all good —> http://bit.ly/2gcDTmJ

178 million makeover headed for Phoenix International Raceway.(Disclosure: Rose Law Group Represents PIR) “The plans include new and upgraded grandstands, added structures for competitors and sponsors in the infield area, more RV parking and new steel and metal exteriors.” For architectural drawings of the proposed changes along with further details, including some rather refreshing news regarding the ’use’ of taxpayer dollars, click to AZCentral. http://bit.ly/2gZquCW

Health-care giant McKesson breaking ground on 271,000-square-foot facility on reservation. “The San Francisco-based Fortune 500 health-care services and technology firm will move 1,400 employees [next year] from the Scottsdale Galleria to its new facility in the Chaparral Commerce Center [on the Salt River Pima–Maricopa Indian Community].” See a  rendering of the building and learn how many more employees the new facility will be able to house vs. the Galleria location — at AZCentral. http://bit.ly/2fPW2G9

Richmond American purchases 52 finished lots within 12 Oaks, Waddell. “Located at the SEC of Peoria and Sarival… The seller was 12 Oaks 51 , LLC — David Cohen and Todd Stevens…. The transaction was brokered by Howard Weinstein, Derek Harris, and Patty Lafferty of Pacific Land Company.” As for sale price, don’t let it remain a mystery — click it!—> http://bit.ly/2gcyfBj

Mesa opens new multi-use fields at Fiesta Sports Park. “[F]our new ball fields for youth baseball and softball… in a quad layout… lit by LED sports lights… with Cubs-branded signage and scoreboard, centralized concession and restroom area…. a multi-use field with bleachers…. a new playground with shade covering and enlarged parking lot.“ Check out the bird’s-eye graphic of the park in Mesa Independent, and see why Vice Mayor Dennis Kavanaugh praises it as “something great… a fantastic new place…; and why Chicago Cubs Spring Training General Manager Justin Piper predicts, “I’m sure we’ll see some rising stars at Fiesta Sports Park, in years to come.” (Or visit the park at 936 S. Extension Road.) http://bit.ly/2fWnFRc

Mesa to keep trying for Arizona State University campus downtown.“Mesa Mayor John Giles said the city is committed to working with Arizona State University to create a downtown campus, but the effort won’t rely on a tax increase.” Click through to read ASU’s “response to an inquiry from The Republic specifically asking whether ASU remains committed to downtown Mesa…” http://bit.ly/2gZr1EX

Cameron’s $5M + deals of the day – http://bit.ly/2fWpRIf

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!
New Border Patrol chief says fence would help, but it’s not the only answer.Chief Mark Morgan testifying yesterday before the Senate Homeland Security and Governmental Affairs Committee: “Do we need more fencing? Yes. Does it work? Yes… Do we need it everywhere? No. Is it the sole answer? No.” Can you read more about this in Cronkite News, including how “border security [is just] one of five major efforts the agency is targeting,” plus what Sen. John McCain finds “outrageous”? YES! http://bit.ly/2fWkPM9

House overwhelmingly approves sweeping cancer measure. This report in TheNew York Times describes the 21st Century Cures Act as “a far-reaching measure… [that] increase[s] funding for research into cancer and other diseases, address[es] weaknesses in the nation’s mental health systems and help[s] combat the prescription drug addictions…” However, Senator Elizabeth Warren, a harsh critic of the bill, “call[s] it the sort of measure that explains ‘why people hate Washington.’” More here: http://bit.ly/2gZkCt3

Supreme Court appears divided over key immigration case. “The Supreme Court justices gave a mostly skeptical hearing Wednesday to a Los Angeles lawyer who argued for limits on the government’s power to indefinitely jail immigrants facing deportation because of crimes they’ve committed.” Case details in Governing. http://bit.ly/2gDxMZ

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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