The Dealmaker: 3/20/2018

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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

 

Jordan and Jason Rose recognized in The Salonniere 100: 2018, honoring America’s 100 best party hosts. The boss loves throwing parties and they are really good ones. Jordan and Jason Rose now recognized by The Salonniereas top 100 party hosts in the nation! Other honorees among “America’s most gifted and influential cultural connectors” include Oprah, Cindy Crawford and Rande Gerber, Solange Knowles, Heidi Klum, and Renee and Bob Parsons. Were you invited? http://bit.ly/2DI2eff 

Laura Bianchi, Rose Law Group partner and director of Medical Cannabis to speak on Thursday at ADRE Seminar on cannabis and the real estate industry. Laura Bianchi will be speaking at an Arizona Department of Real Estate (ADRE) seminar talking about “Cannabis: The Benefits and Burdens for the Real Estate Industry.” Event details available in Rose Law Group Reporter. http://bit.ly/2GNmYp5

Just how hot is Arizona’s housing market? Everything you need to know to get up to speed on the housing market homebuilding industry in Arizona, featuring “outwardly optimistic” takes from real estate consultant Jim Belfiore, as well as Fulton Homes CEO Doug Fulton, in AzBigMediahttp://bit.ly/2Gb0S1Z

Mattamy signs energy storage company for Phoenix community. Mattamy Homes will install ElectrIQ Power’s IQ System into a model home at its Haven community in Chandler. The system “optimizes connected renewable energy, batteries, [EV] charger, and smart devices through real-time analysis…” Mattamy’s Subhi Alsayed says the aim is to “learn how the storage technology can be used to deliver innovative and sustainable homes that can aid [Mattamy] in building communities of the future.” Builder. http://bit.ly/2pqEzvr

Yun: Housing starts are ‘vastly inadequate.’ While “vastly inadequate” could also describe how many of us probably felt during our high school years, NAR chief economist Lawrence Yun employs it in addressing a Commerce Department report which shows that “housing starts for combined multifamily and single-family homes plunged 7 percent month over month” in February — in REALTORMag. http://bit.ly/2GKUDj6

Permits rise in January 2018. Single-family: Arizona IS among 32 states (and D.C.) that saw growth in permits issued. Multifamily: Arizona IS NOT among 23 states that saw a decline in permits issued. Eye On Housing maps it all out. http://bit.ly/2uagf64

California housing problems are spilling across its borders. A New York Times report on how “several Western cities” are “experiencing congestion and new tensions as California residents and businesses seek more affordable locations.” http://bit.ly/2DGq4rX

Future housing market at mercy of young adults. “How might today’s young adults contribute to household formation by 2025?” For answers,  Jann Swanson at Mortgage News Daily probes the optimistic, pessimistic, and baseline scenarios presented in Freddie Mac’s March Outlook economic report, “Adulting is Hard.” http://bit.ly/2HPGQan

A renewal for Phoenix’s warehouse district: Polished but gritty. “For more than half a century, Phoenix ignored its warehouse district, leaving the area dormant with aging buildings ripe for vandalism. The eyesore felt eerie at night, and no one stepped foot there in the day.” The New York Times has picked up on what most Valley residents are well aware of — that “aggressive renovations” are transforming the area into “an innovation, technology and creativity hub.” —> http://bit.ly/2FPDR58

PHX East Valley becomes a hotbed for growth and innovation. From “sleepy suburbs that relied on agriculture” to “a cutting-edge region” for everything from “aviation and aerospace” to “tourism and agritainment.” In AzBigMedia, freelancer Erin Thorburn spotlights the transformation along with factors that continue “to pave the way for innovation, expansion and maturation within the East Valley.” http://bit.ly/2GNYpZl

Phoenix area posts second-largest increase in construction jobs in U.S. 10,000 new jobs added, which amounts to a “9 percent increase from last year.” MEANWHILE: The “Lake Havasu City-Kingman area increased its construction jobs by 16 percent, the best in the state and tied for 15th in the country.” For highlights and link to the Associated General Contractors of America report, head to KTAR. http://bit.ly/2u631Hw

Scottsdale prepares to increase water, wastewater development fees.“City Council has approved… water and wastewater land use assumptions and wastewater infrastructure improvement plans related to proposed changes to development fees [effective Sept. 1].” But first, a public hearing. Scottsdale Independent. http://bit.ly/2IDJxgt

Pollack: Tariffs. According to The Monday Morning Quarterback, the “most significant news this week was not the data, most of which remained positive. It was the continued talk of tariffs and the potential retaliation by other countries that could result in a trade war…” Still, MMQ rolls out upbeat data for these ‘Snapshots’ —> U.S.: Consumer Sentiment & Prices, Retail & Food Services Sales, MgG & Trade, Industrial Production, Housing. AZ: Permits – Greater Phoenix, Listings & Sales – Greater Tucson. http://bit.ly/2FNvUxj

Peoria museum closes due to dispute over rightful leaders of historical society. “The crux of the issue is that two groups claim to be the duly elected board of the Peoria Arizona Historical Society… City Manager Jeff Tyne, in a letter to attorneys on both sides, said the disputes have ‘crippled the organization to point of inactivity.’” In other words, museum operations, at least for the time being, are history. AZCentral. http://bit.ly/2HO22gV 



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

[OPINION] Plight of Phoenix: how long can the world’s ‘least sustainable’ city survive? In its “Overstretched cities” series, British daily The Guardian takes aim on the Valley of the Sun, calling it an “urban bullseye for global warming.’ But given that England is cloudy 320 days a year, perhaps this bit of bashing is just a case of Phoenix ENVY. (Although, to be fair, the author of this piece, Joanna Walters, did file this rubbish from Phoenix — or at least, that’s what’s indicated in the byline.) Cheerio! http://bit.ly/2HO6SL8

Arizona needs the federal government in a big way. Arizona is among the states jonesing MOST for federal funds, according to this WalletHub examination of “2018’s Most & Least Federally Dependent States.” http://bit.ly/2u4rn4a

Justices question constitutionality of Arizona death penalty laws. “The U.S. Supreme Court won’t disturb Arizona’s death penalty statutes despite claims — and what [‘four of the nine’] justices say is some evidence — that they may be overly broad.” A Capitol Media Services/Howard Fischer report in Arizona Capitol Timeshttp://bit.ly/2FQqoKE

Ducey introduces comprehensive plan to address school safety. Yesterday, Gov. Doug Ducey introduced the “Safe Arizona Schools Plan.” The plan, “issued in response to the Majory Stoneman Douglas High School shooting in Parkland Florida,” seeks to “make schools and communities safer by increasing mental and behavioral health resources, restricting access to firearms and tightening background checks.” KTAR. http://bit.ly/2HO71ya 

John McCain, Jeff Flake join a thin chorus of Republicans defending Mueller after Trump’s weekend tweetstorm“Sen. John McCain (R-Ariz.), undergoing cancer treatment in Arizona, has been unable to appear on the Sunday news shows, but he still joined a thin chorus of Republicans on Sunday to defend Special Counsel Robert Mueller’s investigation into Russian election meddling and possible collusion with President Trump’s campaign.”THE WEEK. http://bit.ly/2FNTPNf 

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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