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The Dealmaker: 3/13/2018

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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





When you have to make hard decisions to help your parents or loved ones. To understand what sparked Rose Law Group founder and president Jordan Rose to create the Elder Care Concierge company is to first become acquainted with the late Ann Graham. Ann was among Jordan’s best girlfriends — a 21-year-old trapped in a 97-year old body. This is the “backstory” — the ordeal, actually — of what Ann, and Jordan, had to go through in order to find Ann a livable place that she would love. http://bit.ly/2FDIKu2

State Trust land appraised at $137M will be auctioned. • Two parcels totaling about 125 acres at the NW corner of Bell Road and Loop 101 in Scottsdale (appraised at $83 million) • Two parcels totaling about 269 acres east of 56th Street and north of Deer Valley Drive in Phoenix (appraised at $54 million) • Bidding opens TODAY on the Scottsdale parcels! • Rose Law Group Reporter has further details, including a link to the auction notice. http://bit.ly/2pbb6oB

World’s first freeform 3D printed house on its way. “The first example of a hybrid 3D printed building… will break ground in the U.S. this spring… ‘Instead of printing layers and contours to create a solid object, as with conventional 3D printing, [designers] will print a lattice framework that forms the interior structure onto which conventional construction materials can be applied.’ ” (One issue: Residents of the home must wear those goofy 3D glasses, otherwise everything looks fuzzy. Kidding.) Via HIVE. http://bit.ly/2DoMQEA 

Realtors seek ballot measure to ban taxation of services. “The Arizona Association of Realtors is trying to forever block state lawmakers from expanding the state sales tax [with an initiative that would] constitutionally prohibit [such a] tax from being imposed on services.” Capitol Media Services Howard Fischer reports that “there is no such levy now,” but the “Realtors are no strangers to this type of preemptive strike.” State lawmakers weigh in on the initiative at Arizona Capitol Times. http://bit.ly/2FSYEnQ

While Phoenix ranks high in rent growth, rent remains affordable. A recent report [from RealPage] found that Phoenix ranked 7th nationally among the top 10 metropolitan areas for rent growth in Q4 2017.” The factors fueling the rental rate growth and why industry insiders say that the expansion is NOT even close to being “out of whack,” but instead is “near what a ‘perfect’ market would be seeing” — in AzBigMediahttp://bit.ly/2Dpv7ge

Which states have the best and worst laws for renters? RentCafe’ “compared and contrasted landlord-tenant laws in 50 U.S. states and the District of Columbia,” focusing on “10 common aspects of the landlord-tenant relationship,” including “security deposits, rent increases, the warranty of habitability and eviction notices.” And Arizona ranked among the top five “renter-friendly” states! with laws that stand in stark contrast to, say, Arkansas where a landlord can hold onto a security deposit up to 60 days after a tenancy has ended. (Sounds more like an “insecurity deposit.”) http://bit.ly/2DoPwlm

Phoenix climbs to No. 11 on Best Metros for CRE Investment list. <—That “according to survey respondents of CBRE’s 2018 Americas Investor Intentions Survey.” See “how investors view each of the different asset types,” and get the outlook for rest of 2018, at AZREhttp://bit.ly/2Gpa2FA

With overtones of Russian mob allegations, former partners in ill-fated Phoenix Trump Tower square off in court. “A dispute between two New York businessmen who were involved in the ill-fated attempt to build a Trump Tower in the Biltmore area of Phoenix ended up in the U.S. District Court for Arizona, with each accusing the other of ties to the Russian mob. The case involved a Russian company, a Russian woman who may or may not exist and a slew of websites that are posting questionable information.” A dust jacket summary from Tom Clancy novel? нет! A piece by Republic reporter Richard Ruelas at AZCentral. http://bit.ly/2FzUORd

Legislators question private projects built at ASU. The “266-unit Mirabella senior living facility” and an “Omni hotel and convention center” are “planned to be built on ASU property” at Mill and University. East Valley Tribune reports that the developments “have drawn the ire of some legislators after the university initially failed to report the projects to them.” http://bit.ly/2pbej7D

[VIDEO] Inside look of sleek, stylish Hotel Adeline. “The Scottsdale Inn is now the stylish and hip Hotel Adeline after $12 million renovations transformed the property.” For an overview of the (ESI Ventures) development along with a brief VIDEO tour of what “aims to be downtown Scottsdale’s latest community hangout spot,” tap to AzBigMediahttp://bit.ly/2p8PmdE

I-10 widening from Casa Grande to Chandler not added to new ADOT five-year plan. “Major corridors for passenger and freight traffic would be expanded and improved during the next five years as part of a proposed annual update to the [ADOT’s] lineup of projects…” PinalCentral has a project rundown, plus info for the “public comment period” — you know, just in case folks want to show up and pose questions like, “So why is it again that you aren’t widening the Casa Grande to Chandler stretch of I-10?” http://bit.ly/2FQyqCs

Wickenburg Council steers I-11 toward town. “Town of Wickenburg officials want the proposed I-11 freeway to be located east of Black Mountain, close to town limits. That’s the message being sent to all the federal, state and local agencies involved with planning the future interstate.” The Wickenburg Sun. http://bit.ly/2p9Mtse

Pollack: Sensational. That’s how The Monday Morning Quarterback characterizes “both the latest national jobs report and the significant revisions of the Arizona and Greater Phoenix employment data for 2016 and 2017.” And although we will have to “pay the piper at some point,” MMQ says that this economic “party is likely to continue.” ‘Snapshot’ data includes —> U.S.: Employment & Unemployment, Productivity, Inflation, Manufacturing, Consumer Credit. AZ: Jobs – Greater Phoenix & Tucson. http://bit.ly/2FxNkya

Cameron’s $5M + deals of the day – http://bit.ly/2FFEom2

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


Students, teachers, the governor and Arizona Legislature on guns. Gun control supporters, including Arizona lawmakers, school board members, and high school students, pushed their message at the Capitol yesterday. Coverage in Cronkite News. (RELATED • “Arizona students plan March For Our Lives walkouts on Wednesday” • “Superintendent Diane Douglas: Arizona teachers can already carry guns in school” • “With backing of Governor Ducey, Arizona could be on verge of stricter gun laws” • All at AZCentral.). http://bit.ly/2FBOgl2

Pushback in the Legislature against raising minimum wage. “A voter-approved bill that would raise the minimum wage in Arizona and require employers to pay sick time to employees has met opposition from state legislators.” The story at KTAR. http://bit.ly/2p7uUtU

Arizona teachers not likely to walk out this year. “The head of the statewide teachers union says a strike may be necessary to get salaries closer to where he believes they should be. But not this year.” And why not? And if not this year, when? And even then, will it really change anything? And if it does change anything, what will it be? Answers to a few of these questions in this Capitol Media Services/Howard Fischer report at Arizona Capitol Timeshttp://bit.ly/2pbU3Cz

Attorney: Council’s handling of Flagstaff city manager’s resignation made it involuntary. Meaning? That Flagstaff would HAVE to pay City Manager Josh Copley severance. The full edge-of-your-seat story at Arizona Daily Sun. http://bit.ly/2FCPvw5

Feel like you’re drowning in the news? “Has news technology really become that oppressive, that unavoidable? Resist the news overload panic!” advises POLITICO senior media writer, Jack Shafer. http://bit.ly/2Fzj1af 

Estrella Bolsters Home Builder Portfolio With Courtland Communities Debut Read more

Rosewood Homes earns 6-Awards at 22nd Annual Elliant Homebuyers Choice Awards Read more

Multifamily Rental Rates on the Rise in Greater Phoenix Read more

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