| Construction starts on $107.652M Sagewood expansion. “Sagewood [in Phoenix] is currently a 292-residence, luxury senior living community… The expansion will add 24… homes, an additional assisted living facility, and an event center….” AZRE makes a point of mentioning that Sagewood is located “near the Musical Instrument Museum.” Interesting, because the cul-de-sac in the rendering (sort of) brings to mind a banjo. Check it out and let us know if you agree. Or if you think we’ve lost our minds. http://bit.ly/2lHd1lr
Scottsdale developer moves into new segment with Pinal project. “Josh Simon’s… firm has mostly specialized in infill and retail projects but is now moving into medical…. [SimonCRE] has bought 2.4 acres… for… a new Sun Life Family Health Center…. near downtown Florence.” Simon says: “It’s exciting and rewarding to watch our relationship with Sun Life grow into something that will benefit the area’s residents and strengthen the standard of healthcare in the town of Florence.” Further deal and development details at Phoenix Business Journal. http://bit.ly/2kn4TGE
Coyotes-ASU deal dead, but team still looking in East Valley. So what if there’s not much NEW info in this East Valley Tribune piece on the continuing saga of the Coyotes and their quest for a new arena (other than perhaps Coyotes president Anthony LeBlanc on “creating the one of the most taxpayer-friendly arena projects in the country”)? The article is still worth checking out, if only for the RENDERING of the arena — even if you’ve already seen it. Pretty awesome-looking. But getting it built? That may take the development equivalent of a “Miracle on Ice.” http://bit.ly/2ldgTK6
Pollack: President Trump, for better or worse. The Monday Morning Quarterback rolls out some of the pressing economic issues facing the new administration, noting that “[h]ow these issues are addressed will go a long way in determining how successful the President’s plans will be.” Plus… U.S.: Credit – Revolving & Non-Revolving, Consumer Sentiment, Mortgage Rates w/Chart, Single Family Home Prices. AZ: Home Prices – Phoenix & Tucson, Home Permits – Greater Phoenix, New Homes Prices vs. Resale Home Prices w/Chart, CBRE Industrial-Office-Retail Market Data. http://bit.ly/2kncPaE
Troubled Navajo housing agency’s board to be replaced following azcentral series. “The Navajo Nation’s embattled housing agency is set to get a new, smaller and more qualified board of commissioners under reform legislation signed by tribal President Russell Begaye.” (BTW, it’s interesting that a Republic investigation may have helped bring about these changes. With any luck, the Republic will also do a series on the D-Backs starting rotation and similar types of changes will follow!) http://bit.ly/2lgiT48
Lenders now must report more information about your mortgage to the IRS. “[Y]our lender must now disclose more information to the IRS about your loan, including the amount of the outstanding principal balance at the beginning of the year, the origination date of your mortgage and the address of the home securing the loan.” And, according to The Washington Post, ignoring or overlooking these “key differences in this year’s [Form 1098]… could trigger an audit by the IRS.” http://bit.ly/2lghHxB
Dealmaker BONUS: Happy birthday, Arizona! 7 reasons Arizona is a great place to live and work — or, better yet, move to. In celebration of Arizona’s 105th birthday, Governor Doug Ducey “today published a new op-ed at Medium telling the world why Arizona is so special… ‘to [him] and to the nearly seven million people who live here.’” —> http://bit.ly/2ktI0fJ |
