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The Dealmaker: 6/14/2017

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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






Phoenix looking for development near Grand Canyon University. If you can ‘think big in a small place,’ the city wants to hear from you. “Phoenix is going to issue a request for development proposals for a vacant parcel on 17th Ave & Camelback… The selected developer has significant leeway to build something very urban and dense.” Further details on what the city has in mind for this “Walkable Urban Code-eligible” parcel, at AZBEX. http://bit.ly/2rhQDy0

Paradise Valley gives blessing to Sanctuary SUP amendment. “Paradise Valley Town Council unanimously approved the special use permit amendment request… that will ultimately lead to new hotel rooms, a new pool and ballroom expansions at the Sanctuary Camelback Mountain Resort and Spa.” Layout, renderings and more about what’s in store for the resort at Paradise Valley Independent. http://bit.ly/2rwq9bj  

Regents OK more than $300 million in UA building projects. “The Arizona Board of Regents… approved the UA’s capital plan, which includes five new projects in addition to $79 million for projects on hold. The biggest of the five new projects… is an Honors College dormitory and parking garage, a campus recreation facility and an office building.” Tap to Arizona Daily Star for more info on this project as well as the four others. http://bit.ly/2t2iZxD

More Americans think it’s a good time to sell a home. “About 61%… said there was no time like the present to put a home on the market, according to Fannie Mae’s National Housing Survey for May… However, [it doesn’t] mean that homeowners are going to rush to plant ‘For Sale’ signs in their front yards.” Fannie Mae market researcher Sarah Shahdad explains at realtor.com®. http://bit.ly/2sAf1PC

What will it take to revive America’s record-low homeownership levels? The report ‘Hurdles to Homeownership: Understanding the Barriers” pinpoints “five main roadblocks to homebuying.” The report was presented at last week’s Sustainable Homeownership Conference in Berkeley, California. Yesterday, we brought you REALTORMag reportage of the NAR event; today, conference coverage comes courtesy of inman. http://bit.ly/2rw6RDe

HPPI SPACING OUT – Homeowners, appraisers continue not to see eye-to-eye. Dig this: “Appraised values were an average of 1.93% lower than what homeowners expected, according to Quicken Loans’ National Home Price Perception Index (HPPI).” Even more trippy is that the “gap between estimated value and appraised value, on a national level, continued to widen for a sixth consecutive month.” Builder also looks at national and regional figures for Quicken’s Home Value Index.” Outta sight! The only thing that would make this whole pad-owner/value judgement thing even more twitchin’ is if Quicken also had something called “The Front Doors of Perception Index.” Man, how boss would that be!?! http://bit.ly/2s1yFTk

Cameron’s $5M + deals of the day – http://bit.ly/2rhwU1H


As a supplement to the Dealmaker, we thought you might enjoy these articles!

NOW THAT’S REFRESHING®! – Niagara adding manufacturing, bottling operation in Mesa. “Niagara Bottling… the largest, private-label bottled water supplier in the U.S., has announced it will establish a 450KSF, highly automated manufacturing and bottling operation in the… Elliot Road Technology Corridor.” Councilman Kevin Thompson: “The investment… is… very significant.” Find out how “significant” — dollars invested, jobs created — at AZBEX. http://bit.ly/2tmHPYk

MORE WATER NEWS & ‘SALTY’ TALK – Appeals court upholds tribes’ claim in dispute over Gila River water. “[The 9th Circuit] agreed with [the Gila River Indian Community and the San Carlos Apache Tribe] who challenged a Freeport Minerals plan to divert water from the Gila River, saying the company had failed to show that its proposal would not affect the tribes…. [A]n attorney for the San Carlos Apache welcomed the decision, saying the tribes are already ‘reamed’ [a seldom-used term of art in legal circles?] by diversion, which makes the remaining water too salty to use.” Cronkite News. http://bit.ly/2sp5R7Y 

San Tan Valley supporters eagerly await vote on incorporation. “A new state law makes it easier for San Tan Valley residents to vote on whether they want to form a city government, and about 40 supporters are ready to hit the ground running.” PinalCentral looks into the upcoming launch of an incorporation campaign and some of the strategizing going on from those who’d love to see the words “city of” added to the sign “Welcome to San Tan Valley.” http://bit.ly/2rrB4bs

Regulators to review policy benefiting utility owners after federal indictment. “Citing the indictment of one of its former members, [the Arizona Corporation Commission voted to] review a policy allowing utility company owners to pass along some of their personal income tax burden to customers… [The vote follows] the indictment of Gary Pierce, who was chairman of the commission and was instrumental in getting both the policy on taxes changed and in having the panel approve overall higher rates.” By Capitol Media Services’ Howard Fischer in Arizona Capitol Times. http://bit.ly/2sb8RTc

Arizona Supreme Court limits right of tribes to intercede in adoption cases; Rose Law Group family attorney Audra Petrolle offers perspective. “The ability of tribes to intercede in the adoption of Native American children not living on the reservation is limited and not absolute, the Arizona Supreme Court ruled [yesterday]. In a unanimous decision, the justices rejected arguments by the Gila River Indian Community that Arizona courts must transfer such cases to tribal courts.” By Howard Fischer at Arizona Capitol Times. Audra Petrolle: “At its core, this decision merely reaffirms a commonly accepted legal principle that you cannot sit on your rights. If you fail to timely exercise your rights, you risk losing them.” http://bit.ly/2sACHDq

Meritage Homes Purchases platted lots at Sunset Farms 99th Avenue and Broadway, Phoenix Arizona Read more

CBRE Report Highlights Retailers Collectively Opening More Than 1,700 Stores Read more

AV Homes Acquires West Valley Property for Sunleya Development Read more

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  • Published: 9 months ago on June 14, 2017
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  • Last Modified: June 14, 2017 @ 3:31 pm
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