Court releases opinion in Maricopa APEX case. (Disclosure: Rose Law Group litigators Evan Bolick and Logan Elia represented Apex Motor Club in this case.) “On Monday, the [Arizona Court of Appeals] released its opinion on why it ruled in favor of Private Motorsports Group, developers behind the APEX park…” — why it ruled that granting the permit was an “administrative” rather than a “legislative” act by the city of Maricopa. Also learn how Mesa factored into the court’s decision, in Maricopa Monitor. http://bit.ly/2nzXzJC
[OP-ED] Smith: I’d like to explain my Bell storage zoning case position. (Disclosure: Rose Law Group represents the Bell Storage project.) Rose Law Group Reporter broke the news yesterday about Scottsdale City Council approving (by a vote of 6-1) a rezoning request from Bell Storage — and Vice Mayor David Smith was among those six. In his Scottsdale Independent piece, the vice mayor lays out his reason — several actually — for casting a vote in favor of the rezone. http://bit.ly/2BFKdgW
As opioid crisis escalates, Scottsdale latest city to zero in on sober-living homes; Rose Law Group litigator Evan Bolick comments on the increasing municipal scrutiny. “This is kind of like the Wild West of group homes out here in Scottsdale.” Phoenix New Times reports that “Scottsdale City Council will consider an amendment to the zoning ordinance with new language geared toward the sober-living homes that have set up shop in the city.” But will the council be able to “weed out bad actors… without violating federal law and exacerbating a crisis of addiction?” Evan Bolick: “One avenue municipalities would be wise to explore is adopting a cap on the number of people that may reside in a home on a square footage basis. Such restrictions have typically not run afoul of fair housing act requirements.” http://bit.ly/2kqujDZ
Shea Homes gives the 55+ set new reasons to go clubbing. (Disclosure: Rose Law Group represents Shea Homes.) “[The home builder] has found that potential new home shoppers seeking to relocate within 55 plus communities say lifestyle execution is a chief priority… That’s where the clubs come in… Shea Homes hasopened eight Trilogy branded resort clubs over the past three years, doubling its portfolio of amenitized communities across the U.S.” Builder. http://bit.ly/2Ay2Iqo
Mark Taylor opens San Portales in North Scottsdale. Mark-Taylor Executive VP Chris Brozina, who touts the community’s “security, convenience” and overall livability, says that they “made a concerted effort to create a place that renters truly see as a viable option to owning a single-family home.” And based on this glowing review, which includes a rendering along with positive feedback from a new resident at San Portales, it seems the home builder has succeeded in that effort — at AZRE. http://bit.ly/2BNJxXV
Housing trend to watch: The ‘Surban.’ <– That according to RISMedia, which calls it “that sweet spot between city and suburb,” — a living style REALTORMagsays “offers greater walkability to retail and restaurants from a home or apartment.” Tap through for a closer look at what “[m]any in the real estate industry are predicting… to be one of the hottest housing trends to watch heading into the new year.” http://bit.ly/2BNUA3j
Zillow panel of housing experts sees 4.1% rise in 2018 home prices. “The quarterly survey… asked more than 100 housing experts, market strategists, and economists about their expectations for the U.S. housing market in 2018 and beyond.” KEY TAKEAWAY: “The American labor market is stronger than it’s been in decades and Americans, particularly young Americans, are increasingly feeling confident enough to buy homes.” Builder. http://bit.ly/2nxvEKa
2018 Z’expectations for housing: Same as it ever was. “[A] Zillow panel of housing experts and economists sees dynamics carrying forward into next year, with the exception of interest rate rises.” And Builder’s John McManus says “that might be good.” –> http://bit.ly/2BESVfu
[OPINION] To spur homeownership, stop subsidizing it. “It is time to put the interests of taxpayers and aspiring homeowners ahead of the interests of the housing lobby. Tax reform — especially if the final bill fully implements the House’s subsidy cuts — will improve the housing market and make homeownership more accessible to all.” By Edward Pinto, co-director of the American Enterprise Institute’s Center on Housing Markets and Finance, in The Wall Street Journal (Subscriber Content). http://bit.ly/2AW4XEr
Pinal legislator says Tempe violating law regarding GPLET actions.“[The Government Property Lease Excise Tax has] been the subject of much controversy, with critics charging that cities are manipulating the intent of the program to reward well-connected developers…” State Rep. Vince Leach is among those critics. ADI reports that “Tempe Mayor Mark Mitchell and Tempe City Council members have been put on notice [via a letter from] Leach about the city’s actions on various [GPLET] projects, which Leach alleges are in violation of state law.” http://bit.ly/2nzjAbw
Polo event has global eyes. (Disclosure: Rose Law Group represents the Bentley Scottsdale Polo Championships event.) “The Bentley Scottsdale Polo Championships last month had a record crowd with more than 13,100 attending matches and events at WestWorld of Scottsdale.” Valley PR exec Jason Rose, the event’s co-founder, says that “his goal [now] ‘is to become the biggest polo event in the world, one day surpassing the crowds even in Buenos Aires.’ ” Phoenix Business Journal. http://bit.ly/2jZPj0y
Council approves funding for $16M Casa Grande rec center. <– That “despite concerns” from Councilman Dick Powell, who “questioned the issuance of bonds for the project” and said that “he didn’t want the recreation center to turn into a ‘wreck like Francisco Grande.’ ” There was another council action as well, including some forward motion on the Dreamport Villages project. Get the rundown in Casa Grande Dispatch. http://bit.ly/2B5nqPH
The old suburban office park is getting a big reboot. “Once a proud symbol of suburban working life now suffering from high vacancy rates in many parts of the country, corporate office parks are being reimagined as sports domes, upscale townhouses, retail shops and green gathering spaces, among other possibilities.” The New York Times looks at some of the face-lifts cropping up around the country, including the Wentworth Property Company acquisition and modernization of an aging office park in Tempe. http://bit.ly/2Aw9flA
“IS IT SAFE?…” Phoenix suburb takes top spot among safest cities in Arizona, US. Remember Lawrence Olivier in the tooth-yanking scene from movie Marathon Man, asking Dustin Hoffman over and over: “Is it safe?” Well, if WalletHub somehow played that part instead of Hoffman, it could have answered: “Yes! Gilbert is safe!” Check out why the finance site ranked Gilbert, Ariz. “as the fifth-safest city in the country” — at KTAR. http://bit.ly/2Aeh6oV
Cameron’s $5M + deals of the day – http://bit.ly/2AU1CpH