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The Dealmaker: 1/9/2017

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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.
24,375 new home sales last year at Top 50 Masterplans; 8% increase over 2015. “Low mortgage rates, steady job growth, improved income growth, and low resale and new home inventory levels all contributed to strong new home demand in 2016,” according to John Burns Real Estate Consulting’s annual report of the “Top 50 Master-Planned Communities.” See which “Phoenix masterplans make this year’s ranking,” and access the full report here: http://bit.ly/2iwg62p

[OPINION] D-Backs sue for right to flee Chase Field (and likely us). Clearly not a fan of the suit nor the team’s contention that the county “is not spending enough [on Chase Field] to keep the place up,“ the Republic’s Laurie Roberts blasts the D-backs, winding up and delivering the editorial equivalent of a 101 m.p.h. brushback aimed at team heads. Dismissing Ken Kendrick’s remarks with “Boohoo,” Roberts goes on to note that “the team is demanding $187 million in upgrades and repairs… lest its players be forced to endure something less than state of the art. Sort of like baseball fans did in 2016, most every time the D-Backs took the field.” Somebody better call the trainer, cuz that’s gotta hurt. http://bit.ly/2iVbILt

Surprise planners approve Magnolia, associated development. (If you initially thought this YourWestValley headline was referring to the actions of some sort of project-approving flash mob, you’re not alone.) “The Magnolia plat includes 812 lots with 340 standard housing lots… 224 lots served by alleys and 248 cluster lots…. A 10-acre [‘as yet named’] slice of property around 175th and Sweetwater… is surrounded by the larger Magnolia development. It is planned with 49 lots served by alleys, will share amenities and road connections with Magnolia and will be part of the Magnolia HOA.” More here —> http://bit.ly/2iVlwVX

Next up on ASU’s capital plan. “Ongoing Major Projects” include “construction of the Biodesign C Facility” and “a $9M rehabilitation of Gammage Auditorium.” View a rendering and get details on these and other “Major Planned Projects” — at AZBEX. http://bit.ly/2i6pmOB

Big ADOT projects for S. Arizona in 2017, including around Casa Grande, Eloy. “An interchange [replacement] at Ajo Way (State Route 86) and Interstate 19 in Tucson…. [The creation] of a modern interchange at Ina Road and I-10 in Marana… [The installation of] a dust detection and warning system on I-10 between Eloy and Picacho…” For details on these and other ADOT projects and their expected impacts on southern Arizona, click to AZBEX. http://bit.ly/2iVtTka

Zone change for Lucid land given initial approval. “[Casa Grande Planning and Zoning Commission] approved the… request to rezone [’80 acres located on the northwest corner of Thornton… and Selma Highway’] from Urban Ranch to General Industrial…. The city’s planning department considers the… change beneficial… since Lucid is projected to create up to 2,000 jobs.” Pinal Central’s Kevin Reagan also reports on the “number of single-family home permits issued…” and “whether the city tracks how many people move to Casa Grande after a big business arrives.” http://bit.ly/2i9rRe2

LGI sets closing record in 2016. “LGI Homes, announced an all-time record for closings during a single month with 467 homes closed in December 2016. In addition, the builder also announced record-setting quarterly closings…” Click to Builder for a full breakdown plus comments on the numbers from LGI’s CEO and Chairman of the Board, Eric Lipar, http://bit.ly/2jagLr0

How the government can help housing. “Builders weigh in on what elected officials should focus on in the year ahead.” Fred Delibero, CEO, Summit Custom Homes, Lee’s Summit, Missouri; Frank McKee Jr., Vice President, McKee Group, Springfield, Pennsylvania; Doug French, CEO, Stylecraft Builders, College Station, Texas; Dustin Bogue, President, CEO, & Director, UCP, San Jose, California — see what they have to say, in Builder. http://bit.ly/2i6FY8X

Cameron’s $5M + deals of the day – http://bit.ly/2i6tRZF

The First Arena Polo Party Arrives Saturday and Sunday at Barrett-Jackson – http://bit.ly/2jalv02

Get ready to love where you work: Rose Law Group is hiring a Commercial Litigator – http://bit.ly/2hRxUZH
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!
Lawmakers looking at ways to block voter enacted laws. “A series of measures being proposed [by state legislators] would change everything from signature threshold to imposing new requirements on the ability to use paid circulators. But the biggest would ask voters to repeal the measure they approved in 1998 which specifically bars lawmakers from tinkering with what gets approved at the ballot.” Capitol Media Services’ Howard Fischer looks at these and “other issues [that will consume] legislative time when the session begins Monday” — in Casa Grande Dispatch. http://bit.ly/2iVpoGq

Ducey to Congress: Don’t rush Obamacare’s repeal. In yet another report from Capitol Media Services’ Howard Fischer, Gov. Ducey explains: “I don’t want to see any Arizonan have the rug pulled out from underneath them in terms of changing this law…”  (And probably not a wise move anyhow, pulling a rug out from underneath someone who no longer has health insurance.)  Further details on Gov. Ducey’s position at Arizona Capitol Times. (BTW, the quantity and quality of Howard Fischer’s journalistic output is astounding. It’s enough to convince anybody that the man is simply a writing machine. Seriously, does the “machine” ever sleep?) http://bit.ly/2i6DZ4k

Notable Photoable: Human Embrace Event. “Thousands gather at Hi Corbett Field in Tucson to commemorate Jan. 8, 2011, attack that killed 6, hurt 13 in Tucson.” You can see this and other A.E. Araiza photographs of the Human Embrace Event at Arizona Daily Star. http://bit.ly/2iWsT1o

Sophisticated, Smart, Scenic: Innovative Carefree Community Attracting Untapped Market Read more

California Investor Purchases $19 Million Solano Terrace Apartments Read more

Westland Properties Group Closes Another Custom Lot Transaction 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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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.