ANOTHER HPI HIGH – Home price appreciation continues in September. The Case-Shiller HPI rose “9.0% in September, faster than an 8.2% increase in August” and “the highest seasonally adjusted annual growth rate since October 2013.” Further data including metro Phoenix YoY price appreciation — at Eye On Housing. http://bit.ly/2i0kvvV
New homes under $200,000? “Damon Doty and Steve Overton are trying to pull off a real estate miracle, selling homes below market price and still making a profit. Their plan is to build two and three-bedroom homes for under $200,000 in [Phoenix? No, Rochester, Minn.] a place where homes are typically upwards $225,000. How? Simple, cutting development costs.” PostBulletin via Builder –> http://bit.ly/2BusfPr
Six principles for home building success. “2008 may not have been the wisest time to start a custom home-building business. Yet Matt Kronaizl proved that, with the right formula, it’s possible to overcome tough times to become one of eastern [Arizona’s? Again, nope — Nebraska’s] top custom home builders.” Brought to you by Marvin Windows and Doors via Builder. http://bit.ly/2zPuuzA
A unique take on Phoenix’s growth, sprawl and vanishing farms. Arizona UMB Bank president Robert Faver discusses “how much Phoenix has changed, grown — and sprawled — since he grew up on a farm in Buckeye.” Faver also looks ahead, tossing out a forecast or two for the 2018 Valley real estate market — in PBJ(Subscriber Content). http://bit.ly/2jviWXi
SAEDG requests the public’s input for Villages at Vigneto to move forward. “The Southeast Arizona Economic Development Group (SAEDG) is requesting support for this project with a public petition to reinstate the Clean Water Act permit [which was “originally issued” by the Army Corps of Engineers in 2006, but then suspended by the Corps in 2016]. SAEDG contends that the “development should be able to rely on the permit issued in 2006 for 20 years.” At stake? A “$24 billion positive economic impact” and “16,000 jobs in the region through build out.” Real Estate Daily News. http://bit.ly/2jwpEw0
Multifamily market update. “The market share of rental multifamily construction starts ticked back up to an elevated level of 95% in the third quarter…” NAHB chief economist Robert Dietz looks at the historical highs and lows for multifamily starts and unit sizes at Eye On Housing. http://bit.ly/2AGYIoC
13-year water dispute settled for land near Robson Ranch. “The dispute over the property dates back to 2004, when the [Arizona Corporation Commission] granted a certificate of convenience and necessity to Arizona Water Company.” Casa Grande Dispatch reports that “if the commissioners accept the terms of the agreement, Arizona Water will retain the right to service the area, which includes any future development Robson might make… But one member of the [ACC], Bob Burns, is concerned about a potential conflict of interest… ‘It smells bad,’ he said.” http://bit.ly/2kbwStz
Apple might be leasing Chrysler’s old proving grounds to test autonomous car technology. Automotive blog Jalopnik reports that “Apple appears to be leasing a former Fiat Chrysler-owned proving grounds in [the City of Surprise] to test autonomous vehicles.” But “might” and “appears” seem to be the operative words, as details are a bit sketchy. However, the same report does deliver this close-to-the-vest tantalizer: “When Jalopnik reached the former manager of the Fiat Chrysler proving grounds in Surprise, Arizona, on Monday to ask if he was aware of the development, he responded, ‘I’m not answering this question, thanks.’ ” Polite enough fella, though! http://bit.ly/2zBaYCU
Gilbert’s SanTan Village to add 25,000-square-foot Nordstrom Rack location. “[The] store will be built on the corner of Williams Field Road and SanTan Village Parkway… in a retail hub that already features about 1-million square feet of retail shopping space.” And when can folks start rackin’ up purchases? Find out at KTAR. http://bit.ly/2ijlhYC
FIGHT OR FLIGHT – Eloy council moves ahead on airport master plan.“The work meeting began with a presentation by Community Development Director Jon Vlaming on what the airport’s master plan looks like and improvements that are being made currently.” After that, things got a bit bumpy, as Eloy Enterprise reports “the meeting then became heated and confusing in regard to what should and shouldn’t be done at the airport at this time.” http://bit.ly/2hZrmWp
Pascua Yaqui Tribe expands Tucson hospitality offerings. “[T]he Pascua Yaqui Tribal Council approved up to 150 additional hotel rooms, 90 RV sites, and a 9,600-square foot expansion of the current convention space at Casino Del Sol. In addition, a new 11,000-square foot Event Center next to Casino of the Sun will be built.” Further details at Experience AZ. http://bit.ly/2jxoTTx
Cameron’s $5M + deals of the day – http://bit.ly/2zQBRXn
As a supplement to the Dealmaker, we thought you might enjoy these articles!
A sigh of relief for poor children: State comes through with temporary solution to kids health insurance threat. “With no immediate congressional action in sight, state Medicaid officials are preparing to implement a contingency plan to ensure that nearly 24,000 children of Arizona working poor do not lose their health care coverage this coming month.” But, as one Arizona Health Care official says, “this is, at best, a short-term solution.” A Capitol Media Services/Howard Fischer report in Arizona Capitol Times. http://bit.ly/2AGRjFH
Supreme Court Justice Ann Scott Timmer: Fourth of a kind. The high court’s “only sitting female justice” and the “fourth ever in 105 years” chats with Arizona Capitol Times on a wide range of topics, including: What it’s like being the lone female justice, what she considers her “biggest career move,” and how she responded to getting groped on a recent plane flight. http://bit.ly/2Bxxvle
[Q&A] Here comes the judge — back to the Legislature. “A specialist in loading up Republican bills to confuse or kill them, former lawmaker Bill Brotherton has decided to again run for the Arizona House of Representatives…” Senior Reporter/Writer Phil Riske catches up with the District 30 Democrat and former Superior Court Judge in Rose Law Group Reporter. http://bit.ly/2AjJ6nO
Getting your hair done by the Legislature. “The way Rep. Michelle Ugenti-Rita figures it, no one ever died from a bad hair style or blow dry… [But one can certainly get gouged doing it — “Arizona requires a state license, something Ugenti-Rita said could cost close to $10,000.’] So the Scottsdale Republican wants to repeal a state law, which says you can’t style hair in Arizona without at least 1,100 hours of training at a state-licensed school.” Another Howard Fischer report in Arizona Capitol Times. http://bit.ly/2BmXs6j
Why state legislatures play buttinsky with cities. “What do states have against cities, anyway? Legislatures regularly interfere with local affairs. The reasons, according to research, will surprise you.” Governing. http://bit.ly/2neSS81
Speaking softly and no longer carrying a big stick. For Phil Riske, golf has been a “big part of [his] life since college days.” During his time on the course, he’s made great shots (and ‘bad’ ones), carried home a trophy, and rubbed shoulders with celebs. Seeing the photo of Phil back in the day, standing on the course at St. Andrews, Scotland, dapper and fit, it’s hard to imagine his tee times ever coming to an end. But, as the Senior Reporter/Writer reveals in Rose Law Group Reporter,that day has arrived. http://bit.ly/2neFzUN
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